A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports.
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Notcoin is an “amazing success story,” reaching “almost $700 million in market capitalization,” Durov wrote in his Telegram channel.
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
Synthetix’s decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 before slightly covering to $0.96.
Bitcoin is holding above the $66,000 mark, despite a downturn in Asian and European stocks, and U.S. stock futures.
Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.
The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.
The e-CNY wallets prioritize cross-border payments, and person-to-person transfers within Hong Kong are not available.
