Ethereum fights back as whales exit the market: What’s next?

PANews reported on October 6 that the NFT project Goblintown announced on the X platform that it will launch the GobStrategy deflation strategy at 12 noon Eastern Time. According to the announcement, the Goblintown team will use its entire 1% team allocation to purchase and destroy NFT Strategies goblins, which are placed at 1.2x the price. The project will directly destroy the purchased Goblintown NFTs, immediately entering a deflationary state for the entire NFT collection. In addition, each destroyed goblin NFT carries with it an allotment of 500,000 $GOB tokens, which will be distributed over the next two years and will also be destroyed.

The post How to avoid buying fake products on online marketplaces appeared on BitcoinEthereumNews.com. As more consumers prioritize convenience and value over brand loyalty, experts say they’re turning to online marketplaces more than ever to buy the things they need, raising the risk they could inadvertently purchase a fake product. While fake goods have exchanged hands in informal markets since ancient times, the growth of online marketplaces has contributed to the rise in counterfeits because of how easy online shopping and selling have become. A CNBC investigation of Walmart‘s marketplace published Friday uncovered dozens of third-party sellers who had stolen the identity of another business, and some of them were offering fake health and beauty products. After CNBC shared its reporting with Walmart, the company began tightening its vetting process for some products and sellers and said it has a “zero-tolerance policy for prohibited or noncompliant products.” Serene Lee | SOPA Images | Lightrocket | Getty Images Between 2020 and 2024, e-commerce as a percentage of overall U.S. retail sales reached record highs, and goods seized for intellectual property violations more than doubled during that general time period, according to U.S. Customs and Border Protection. When shopping on online marketplaces, consumers need to be “very careful” to avoid inadvertently purchasing fakes, said Megan Carpenter, the dean and professor of intellectual property law at the University of New Hampshire’s Franklin Pierce School of Law. “You’re purchasing from sellers, distributors, manufacturers that are all over the world with the push of a button,” said Carpenter, who previously practiced intellectual property law. “Sometimes you hear the phrase, ‘buy cheap, buy twice,’ but there are also big safety and danger issues” that come from purchasing fakes online, she said.  Counterfeit products have been endemic to third-party marketplaces for as long as they have existed, but it is difficult to quantify just how common they are. While longtime marketplace…

PANews reported on October 6 that according to an official announcement, Coinbase will add Linea (LINEA) to its coin listing roadmap.