NFT Marketplace Experiences Continuous Dip in Weekly Sales

Another decrease in weekly NFT sales was noted last Friday, witnessing a near 14% fall, as documented by Bitcoin.com here.

In stark contrast, the last week witnessed soaring trading activity across other crypto sectors in March.

Notably, total transactional activity on centralized cryptocurrency exchanges in March surged, nearly doubling to a historic $9.1 trillion high, as per a report by Nasdaq.com.

Analysts associate this trend with the positive momentum in Bitcoin’s value and the upcoming anticipated halving event later this April.

Even with central and decentralized crypto exchanges hitting record trading volumes in March, NFT platforms have reported consistent drops in sales each week.

As per the latest figures up to April 5 from CryptoSlam, as referenced by Bitcoin.com, six major blockchains saw a downturn in their NFT sales figures.

NFT transactions involving Bitcoin amounted to approximately $67 million, an 18% plunge from the prior week’s performance.

Following suit, Ethereum recorded $64 million in NFT sales, marking a 9% fall from the previous week.

Legal Executive from OneCoin Sentenced to Four Years for Multibillion-Dollar Scam

Irina Dilkinska, who once spearheaded OneCoin’s legal and compliance department, has been condemned to a four-year prison term by US District Judge Edgardo Ramos after being implicated in the $4 billion fraudulent scheme, as detailed by the US Attorney’s Office, Southern District of New York.

As a Bulgarian national, Dilkinska had admitted her guilt to charges of conspiracy to commit wire fraud and money laundering, with a subsequent order to surrender $111 million in compensation.

The OneCoin scam fooled investors with promises of assured returns from a non-existent cryptocurrency and promoted a pyramid scheme structure under the disguise of selling educational crypto investment courses, incentivizing participants to recruit more members, according to federal prosecutors.

Co-established in 2014 by Ruja Ignatova and Karl Greenwood, with the latter now serving a 20-year sentence, OneCoin saw Ignatova vanish in 2017 amid a US warrant for her arrest.

Added to the FBI’s most wanted list in 2022 with a $250,000 reward for any information aiding her capture, Ignatova is believed to be under the protection of armed guards and might have undergone plastic surgery to change her appearance, according to the FBI notice.

There have also been unconfirmed reports suggesting Ignatova might have been murdered in 2018 under the command of a Bulgarian mafia figure.

Pantera Capital Marks Stellar 66% Returns in Q1 with Crypto Fund

The Liquid Token Fund by Pantera Capital, worth $300 million, boasted a 66% return in the year’s opening quarter, with assets like Solana nearly doubling their value, as Bloomberg
reports.

Furthermore, the performance was strengthened by earnings from assets such as RBN, Aevo, and STX according to the shareholder letter that Bloomberg cited.

Significant Crypto Market Changes

• Bitcoin displays a modest gain of 0.68%, currently trading at $69,388.00.
• Ethereum registers a 1.05% rise today, trading at $3,388.12.

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