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“# NFT representing incinerated Banksy painting fetches nearly $400k ” A non-fungible token, or NFT, depicting an incinerated painting created by renowned British street artist, Banksy, has sold for nearly $400,000. On March 8, the token was sold on NFT marketplace OpenSea for 228.69 Ether — worth roughly $382,000 at the time of writing. The…
“# Mark Cuban sees $1 written in DOGE’s tea leaves ” After only three days accepting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban is predicting the price of the token will eventually hit $1. In a Saturday tweet, Cuban said customers had used more than 20,000 Dogecoin — roughly $1,018 at…
“# Celsius Network valued at $3.1B following independent review ” Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion. It appears that “Celsius is currently undervalued,” Alpha Sigma…
“# HODLing early leads to relationship troubles? Redditors share their stories ” Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce. According to a Reddit post from February 2015, a then 28-year-old woman using a throwaway account claimed that she was incredibly upset at her husband,…
“# New York governor Cuomo reveals COVID-19 pilot built on IBM blockchain ” A sense of relief has begun to emerge as COVID-19 vaccinations continue to be administered across the world. While hopeful, a new challenge remains: distinguishing between individuals vaccinated and those unvaccinated. Various statistics claim that very little of the world’s population has been fully vaccinated as of…
“# Pricing the hype: Crypto companies valued at billions as market booms ” Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to raise funds, with the former set to go…
“# Bitcoin EFT may come to US, but not all crypto investors think it’s needed ” The United States Securities and Exchange Commission’s floor is littered with failed crypto fund filings, but this year, following Canada’s lead, the U.S. might actually have an exchange-traded fund that tracks digital assets. After all, the price of Bitcoin…
“# Square’s $297M stake in Tidal could unlock DLT features, analyst says ” Square’s majority stake in Jay-Z’s streaming service Tidal could potentially result in some blockchain-related functionalities on the platform, according to one analyst. Avivah Litan, a technology analyst at consulting company Gartner, suggested that Square’s $297 million investment could push Tidal to start…
“# MicroStrategy dismisses market uncertainty, buys another Bitcoin dip ” MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty. As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash…
“# Bitfury’s US Bitcoin mining subsidiary to go public via $2B SPAC merger ” Cipher Mining Technologies Inc. a subsidiary of blockchain development firm Bitfury has inked a $2 billion merger deal with Nasdaq-listed Good Works Acquisition Corp — a special purpose acquisition company, or SPAC. Both companies have entered into a business combination agreement….