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NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

Melbourne NFT artist Giant Swan used to sit in his car crying because he didn’t fit in. Now he’s found his place as a gothic VR dream creator

NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSea

From sitting in his car crying before work every morning to becoming a successful digital artist, the story of Australian-based VR painter and sculptor Giant Swan is one of persistence, timing and pushing boundaries. 

In a world where a digital artist can now monetize their work through NFTs as opposed to cheap likes and comments on Instagram, Giant Swan stands out from the pack, being the first artist to put a 3D object on-chain and for his truly unique and immersive pieces that have captured the attention of collectors all over the globe, including renowned whales such as j1mmy.eth, Moderats Art and Whale Shark

“For me, crying in the car before work was a lot to do with knowing that you should be somewhere else. I knew I didn’t fit with what I was doing. To be where you suddenly belong, I think, is what every artist is probably striving for in some way,” Giant Swan says. 

After minting his first NFT on Nov. 30, 2019, on Known Origin, Giant Swan caught the initial wave of interest in digital art. He credits the likes of David Moore from Known Origin for helping him take the plunge. 

You can get lost viewing Giant Swan’s art; the depth of his work often needs to be seen to be believed. OG Crypto artist Josie Bellini described it thus: 

Generations by Giant Swan

Vauld gets permission for board restructuring from the court

Singapore-based crypto exchange has been ongoing bankruptcy proceedings since August 2022.

XRP whale moves 29 million tokens to Bitstamp amid price slide

Additional information suggests the possibility that this whale might be selling its XRP assets, as it had previously moved 14 million XRP to Bitso just a few hours earlier.

XRP whale moves 29 million tokens to Bitstamp amid price slide

Additional information suggests the possibility that this whale might be selling its XRP assets, as it had previously moved 14 million XRP to Bitso just a few hours earlier.

HashKey to start Bitcoin and Ether retail trading in Hong Kong from Aug. 28

HashKey, along with OSL, received a major license upgrade on Aug.3 clearing their way to offer crypto trading services to retail customers.

HashKey to start Bitcoin and Ether retail trading in Hong Kong from Aug. 28

HashKey, along with OSL, received a major license upgrade on Aug.3 clearing their way to offer crypto trading services to retail customers.

P2P marketplaces need to become unstoppable, permissionless - Paxful co-founder

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading between Bitcoin users.

P2P marketplaces need to become unstoppable, permissionless - Paxful co-founder

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading between Bitcoin users.

Bitcoin sails the seas: sailor paints giant 'B' on boat to promote crypto across the ocean

A captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat painting with a giant orange “B” to promote the cryptocurrency across the seas.

Tornado Cash developer Roman Storm released on bail, lawyer says

Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations.

Tornado Cash developer Roman Storm released on bail, lawyer says

Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations.

Spain launches AI regulation agency in bid to become industry leader

Spain has become one of the first countries in the European Union to establish its own task force for regulating Artificial Intelligence on Aug. 22, when the Council of Ministers approved a Royal Decree establishing the new agency.

Bitcoin could be worth less than $20K in 2023, US inflation data says

Bitcoin, taking inflation into account, has in fact been a solid store of value since 2017, commentators conclude.

Tether maintains $3.3B in liquidity cushion: USDT transparency report

Stablecoin issuer Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability to the Tether ecosystem and garner trust among shareholders. 

Tether’s reserves report as of Aug. 24 reveals a combined surplus in shareholder capital cushion of $3.29 billion — spread over 15 blockchain ecosystems. Apart from Algorand and Polygon, Tether has reserved authority to issue USDT (USDT) tokens in the millions.

Tether (USDT) current balances as of Aug. 24. Source: Tether

Out of the lot, the Solana ecosystem leads in terms of the value pre-authorized for issuance, currently standing at $1.57 billion, with Ethereum and Tron taking up the next two slots with pre-authorization of $617 million and $353 million respectively.

Tether has not yet responded to Cointelegraph’s request for comment about the importance of issuance preauthorization when it comes to ensuring transparency and trust among the masses.

Tether balances across all Tether tokens (USDT, EURT, CNHT and MXNT). Source: Tether

The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion — thus confirming a reserve backing of over 100%.

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FTX crypto exchange reports data breach involving claims agent Kroll

The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case.

Mastercard and Binance end crypto card partnership in Latin America: Report

Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July.

VeChain and SingularityNET team up on AI to fight climate change

SingularityNET CEO Ben Goertzel says that AI and blockchain have the potential to solve problems that traditional mechanisms have “consistently, miserably failed.”

DEA gets duped: Agency loses $55K in address poisoning scam

The DEA, the country's lead drug enforcement agency, is yet to find those responsible for the attack but has enlisted the help of the FBI.

PEPE plunges 15% as strange token movements spark fears of rug pull

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The price of the frog-themed memecoin Pepe (PEPE) has plunged nearly 15% after recent changes to a multisig wallet and new token transfers ignited fears of a “rug pull” by its developers. 

The allegations — as well as the negative price action — came as $16 million worth of Pepe tokens were sent from the developers’ multisig wallet to various crypto exchanges on Aug. 24.

According to data from blockchain custody app Safe Global, the wallet address transferred 16 trillion Pepe tokens — approximately 3.8% of the total supply — to three exchanges and an unverified wallet address.

Data shows $8.2 million worth of Pepe was sent to OKX, $6.5 million to Binance and $434,000 to Bybit, while an additional $400,000 was transferred to an unknown wallet.

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