• NFT art Beeple sells $6.6 million
    adblock,  Cryptocurrencies,  Technology

    Beeple NFT artwork sells for $6.6 million

    Non-fungible token artwork seller Nifty Gateway called the sale of the Donald Trump-bashing piece by Mike “Beeple” Winkelmann historic

    The unique NFT art was part of the first drop on Nifty Gateway by Beeple, also known as Mike Winkelmann. The record-setting price was obtained when “CROSSROAD #1/1” was resold on the secondary market, the company said on Twitter. “History has been made,” it added. “We can confirm that this is a legitimate sale - this was brokered by Nifty Gateway's art buying services."

  • 100 million crypto users worldwide
    Bitcoin,  Cryptocurrencies

    Crypto users break 100 million worldwide

    A sharp increase to 106 million from the 66 million found in a study last May by Crypto.com can be attributed to PayPal, DeFi, and institutional investors

    According to Crypto.com, this growth is largely driven by strong Bitcoin adoption which was a 15.7% increase. Other factors that seem to have driven the sharp upturn in adoption include the huge growth of decentralized finance (DeFi) since last summer, PayPal’s decision to enable customers to hold bitcoin, and the massive institutional adoption of cryptocurrencies by mainstream companies and highly regarded investors like Stanley Druckenmiller.

  • markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin steadies as analyst proclaims ‘strongest bullish signal ever seen’

    Major buy-ins even at $48,000 provide a unique source of good news in a week when Bitcoin shed 20% of its value

    Bitcoin hovered near $50,000 on February 25 amid what one analyst suspects are fresh buy-ins from institutional investors. US institutional investors are still buying Bitcoin at the 48k price,” said Ki Young Ju, CEO of on-chain analytics resource CryptoQuant.

  • Powell Digital dollar high priority
    Cryptocurrencies,  Politics,  Regulation

    Fed’s Powell: 2021 ‘an important year’ for digital dollar

    Federal Reserve Chairman Jerome Powell said 2021 will be a key year for the U.S. as it decides whether to create a digital currency, and what it would look like

    Speaking before the House Financial Services Committee on Feb. 24, Powell said 2021 “is going to be the year that we engage with the public pretty actively” on the digital dollar project. He added that there are still significant technical challenges to be met, as well as major policy decisions to be made, before the U.S. decides to create a digital dollar.