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“#Crypto firms pay massive price tags to name sports arenas” Cryptocurrency companies are being forced to shell out massive premiums in sports sponsorship deals as professional teams weigh the risks of getting burned — like some of them did during the dot-com bubble. Crypto.com, a Singapore-based crypto trading site, reportedly paid $700 million for the…
“#Cryptos slide as total market falls under $2.5 trillion” Cryptocurrencies continued their weeks-long decline on Friday, with the value of the total market falling below $2.5 trillion as bitcoin officially sagged into bear market territory. By 7 a.m. ET, the total market cap of all cryptocurrencies had fallen to $2.4 trillion, down almost 9 percent…
“#Digital land in the metaverse sells for record $2.43M” Virtual real estate is on a tear. A plot of virtual land in the online world known as Decentraland sold this week for a whopping $2.43 million, more than double the previous record set for the price of virtual real estate. Decentraland is a popular online…
“#Crypto-investing hamster Mr. Goxx has died, rivaled Warren Buffett” The most famous rodent to boast a financial portfolio has passed away. Mr. Goxx — a Twitch-streaming, cryptocurrency-trading hamster who beat the performance of Warren Buffett from his tiny desk in a cage somewhere in Germany — is dead. “We feared this day like no other…
“#Collins Dictionary names ‘NFT’ the word of the year” Collins Dictionary announced Wednesday that its Word of the Year is “NFT” — digital assets that exploded in popularity this year along with the rise of cryptocurrencies. The term, which stands for the acronym for “non-fungible token,” has seen a “meteoric” rise in usage this year,…
“#Eric Adams flew to Puerto Rico on bitcoin billionaire jet: report” Mayor-elect Eric Adams flew to Puerto Rico earlier this month on a bitcoin billionaire’s private jet — even as he claimed that the trip was on “my dollar, my dime and my time.” New York City’s next mayor — who has pledged in recent…
“#NFTs attached to actual bottles of rare booze now for sale” It might be nice to have an NFT of a 50-year-old, $200,000 bottle of single-malt scotch — but it’s even nicer to have the bottle itself, not to mention the right to open it up and drink it. That’s the canny — and thus…
“#NFTs attached to actual bottles of rare booze now for sale” It might be nice to have an NFT of a 50-year-old, $200,000 bottle of single-malt scotch — but it’s even nicer to have the bottle itself, not to mention the right to open it up and drink it. That’s the canny — and thus…
“#Here’s where to meet New York’s young(ish) crypto millionaires” Young cryptocurrency millionaires — and those who want to learn more about their hot assets — converge weekly in the Big Apple to drink, exchange business cards, and enjoy their collective good fortune at being early to the second internet gold rush. The most recent gathering,…
“#’Pirates Bay’ for NFTs offers free downloads for thousands of pricey images” Why shell out hundreds of thousands of dollars for a digital image when you can just download it for free? That’s the message behind a new site that has made thousands of non-fungible tokens — or NFTs — available to download for free….