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While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared...
The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision. Federal Reserve Chair Jerome Powell said Thursday central bank digital currencies (CBDCs) will need to coexist with cash. Speaking at a virtual payments conference hosted by the Basel Committee on Banking Supervision, Powell cited a report on CBDCs from the Bank for International...
As talk around NFTs heats up, the luxury house is teaming up with AR fashion platform Wanna to expand further in the digital product space. In collaboration with fashion-tech company Wanna, the Italian house is debuting a digital sneaker, available to purchase for $11.99 on its app or $8.99 on Wanna’s app. Designed by creative director Alessandro Michele, the sneaker...
An investor who purchased an NFT from popular digital artist Beeple for $969 initially hoped to double their investment within two years. The NFT is now worth $300,000. Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he "stumbled" into buying an NFT from acclaimed digital artist "Beeple" that has since increased in value by...
Just when you thought NFTs couldn't get any crazier. A piece of digital artwork has sold for a mind-blowing $69.3 million at auction. Storied auction house Christie’s has wrapped its sale of “EVERYDAYS: THE FIRST 5000 DAYS” by crypto artist Beeple. The winning bid just after 10:00 a.m. ET for the non-fungible token (NFT) was a staggering $60.25 million. A...
Nine new job postings indicate Grayscale is considering joining the race to win the SEC’s first bitcoin ETF approval. Digital asset management firm Grayscale might be on the cusp of trying to launch a bitcoin exchange-traded fund (ETF), according to new job postings. The nine postings strongly suggest the New York-based firm is planning an ETF business. The listings are...
Technical issues with Blockchain.com wallet
A Banksy piece bought by a group of crypto-savvy artists, burned in a park and memorialized as an NFT has sold for 228.69 ETH. An original Banksy artwork burned by a group of crypto-savvy artists has sold for 228.69 ETH, or roughly $380,000 at purchase. The group behind the statement on non-fungible tokens (NFTs) accepted the offer Sunday afternoon Eastern...
The team will soon be accepting the crypto as part of a deal with payment services provider BitPay. Dogecoin (DOGE (-2.05%)), the Shiba Inu-represented cryptocurrency, is heading to the National Basketball Association. The Dallas Mavericks will soon be accepting the meme-based cryptocurrency as part of an agreement with crypto payment services provider BitPay, which is rolling out the coin as...
Institutions are buying more bitcoin per month than what's being mined, and there just isn't enough for everyone. Four million. That’s roughly how much bitcoin is circulating freely right now, blockchain data show. The number has been getting a little smaller with each passing month over the last year. It’s the assessment of Glassnode, an analysis firm that tracks blockchain...
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