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Validators looking to fully exit the chain could be looking at a wait of up to 14 days, to get their crypto back, according to Rated Network’s explorer.

The floor price of the Bored Ape Yacht Club (BAYC) collection has slumped to a five-month low of 55.59 ether (ETH), according to Cryptowatch data.

Uniswap’s iOS wallet has gone live on Apple’s App Store after a delay. 

The startup behind the decentralized exchange protocol originally unveiled the app in early March, but at the time Uniswap said that Apple was holding up approval. It was launched in a limited release at the time, because Uniswap said in a Twitter thread that “Apple won’t green-light our launch, and we don’t know why.”

“We submitted our mobile app months ago—and even though we are 100% compliant with their specifications, we’re still stuck in limbo,” Uniswap said at the time.

Now those concerns appear to have been assuaged given the official listing on the App Store. 

“The Uniswap mobile wallet is out of Apple jail and now live in most countries,” Uniswap said in a Twitter thread today.

Features include digital asset trades, wallet activity tracking and NFT data, according to Uniswap’s launch blog post. 

“Apple approved the wallet for use in several countries throughout the world,” the startup said. “We’ll continue to launch in other countries as soon as Apple lets us.”

Apple’s rules around digital assets

That Apple may be slow-rolling approval on an app like Uniswap’s is perhaps unsurprising, given the technology giant’s policy posture.

In October, Apple updated its app rules around digital assets. The company said that apps could facilitate exchange transactions “provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.” Apple also notably ruled that apps can sell NFTs in limited circumstances.

Apple’s posture toward crypto has drawn criticism, not only from industry quarters but also from the broader tech sector. In December, Owen O’Donoghue, formerly of Facebook’s gaming unit, alleged that Apple was holding back the adoption of blockchain-centric gaming due to its app store policies. 

“A lot of games out there today … would not comply with the App Store and they are unable to really scale,” he said at the time. 

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

New technologies have changed the role advisors play for their clients. Now that discounts platforms, apps and algorithms have increasingly replaced their function as brokers and stock pickers, offering education on how to navigate the emerging financial landscape will be key.

The Mastercard Music Pass NFT allows musicians to access its Mastercard Artist Accelerator Program, giving artists tools and resources to bolster their Web3 music careers.

Web3 influencer Nicole Behnam, a former journalist with bylines in the Los Angeles Business Journal and The Hollywood Reporter, was at the center of the latest NFT “pump and dump.”

Behnam spent the past few days discussing Dogecoin founder Billy Markus’s latest project, Blocky Doge 3. The “media personality” could be found responding to tweets and joining Twitter Spaces promoting the collection with insights such as “no roadmap or utility?” followed by the “eyes” emoji and “here’s the alpha, the founder of Dogecoin is dropping a dog NFT collection pretty soon.”

“There’s a lot to be excited about; that’s all I’m saying,” Behnam said, adding that she just wanted everyone in the NFT community to get in on it because she heard it was a free mint. Some tweets have since been deleted, although several Crypto Twitter sleuths have receipts. 

Markus pitched the collection as having “no roadmap, no utility, no anything, just ugly pixel art jpegs of degen dog avatars.” The public mint went live at 3 p.m. EDT on April 11, with existing Blocky holders getting access an hour earlier. 

Behnam received 250 Blocky Doge 3 NFTs into a wallet she controlled. She promptly sold 220 of these at the same price — obliterating the collection’s floor price (the value of the cheapest NFTs in the collection). The floor price has fallen about 56% in ether terms, down to 0.0371 ETH from 0.0845 ETH on April 11. The profits from the sales were about 20 ether, worth around $38,000 at the time. 

The influencer later apologized on Twitter, sounding like someone admitting to a weekend of excessive spending in the process. 

“There were mistakes made in a wallet that I controlled,” Behnam wrote, adding, “This morning, that same wallet swept the Blocky Doge 3 floor. All the NFTs purchased will be transferred to the studio wallet.”

Behnam signed off with, “Listening, learning, moving forward.” Skeptics wondered, was she really sorry, or just sorry she’d been caught?

Resolution

The dogecoin founder later responded to a Twitter user pointing out that Behnam was behind the floor price dip. Markus thanked them for “holding people accountable ad protecting people” in the space before sharing a resolution. 

The wallet which sold the 220 NFTs “decided to sweep the floor with the earnings from the previous pre-mint dumping and donated all the purchases NFTs to the community wallet,” he said. Sweeping the floor refers to someone buying all the NFTs in a collection at the floor price. Each of the other pre-mint wallets also donated the NFTs to the community, according to Markus. 

The community wallet is under Markus’s control. He said he “will be sending the bulk of the NFTs to those who run the discord community to do whatever the community wants with them (for example, airdropping NFTs to people that missed the mint, etc.” This process would be done gradually to avoid a “giant dump,” he added. 

Markus said he hopes this plan “lessens the negativity of everything that has happened,” and he completely understands how people feel about the situation.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

London Stock Exchange Group took a step into crypto as its French clearinghouse unit signed a deal with an institutional-focused trading venue to offer trading in bitcoin derivatives. 

LSE’s LCH division plans to begin clearing bitcoin index futures and options for GFO-X, a UK-based startup founded in 2020, according to a statement. The new venture will be known as LCH DigitalAssetClear.

Clearinghouses sit between the two sides of a trade and step in should one party default on their obligations. LCH, the world’s largest clearinghouse for derivatives, said clearing for the new digital assets venture will be entirely separated from other trading operations, including a segregated default fund.

LSE’s move comes as bitcoin’s price has climbed more than 80% this year, reigniting some institutional interest despite high-profile crypto bankruptcies and regulatory action. 

The new index futures and options contracts will be based on the GFO-X/Coin Metrics Bitcoin Reference Rate, a reference rate of the U.S. dollar price of bitcoin.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The mobile wallet will allow users to buy crypto at a 2.55% fee and swap funds between various DeFi platforms.

The BTI is a daily signal that communicates the direction and strength of bitcoin’s current price trend through a purpose-built algorithm.

LCH said its partnership with trading venue GFO-X shows its commitment to the growing crypto asset class