Considering the frenzy around non-fungible tokens, one may be left to wonder whether the industry is another bubble waiting to burst. However, Gary Nuttall, an emerging technology consultant and the founder of Distlytics Ltd., believes that the “bubble is just beginning.” As reported by BTC PEERS, several experts and industry
Kent Lewis, the President of Anvil Media has voiced his opinion on the ongoing NFT frenzy. According to the media agency boss, although the potentials of the budding sector are enormous, they’ll most likely be underutilized. The NFT industry has attracted investment from a lot of big-money players in
SPIN, arguably one of the biggest and most influential American media companies, partners with NAX, a platform that seeks to offer liquidity to corporate assets to create what is called a “sustainable” NFT based on the former’s celebrated and legendary photography. Being the first mainstream media platform to make
Bitcoin mining is as profitable as it can get as miners earn more than $1.5 billion in March, The Block Research reports. The leading research, analysis, and crypto news brand noted that the figure represents the most earnings from crypto mining activities in a single month. Given that there
Like a few other, famous singer and former Diana actress Lindsay Lohan is jumping on the NFT craze. Via her social media accounts, popular actress and singer Lindsay Lohan told the world that her latest single “Lullaby” will be sold as an NFT on the FansForever decentralized NFT platform. Finally!
Despite the excitement that trailed the recent $1.9 trillion relief package from the U.S. government, trading activities on crypto exchanges did not change significantly. As reported by BTC PEERS, several analysts predicted that Biden’s stimulus funding would have a positive effect on the price of Bitcoin and
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Launched in July 2017, Binance has grown to become the largest cryptocurrency exchange in the world by trading volume. In just nine months after its launch, the exchange rose to the number one spot and has managed to retain this position ever since, thanks to its excellent strategic choices. With
More early Bitcoin critics are now turning to embrace the leading cryptocurrency. Meanwhile, some analysts have said that Ethereum’s upcoming EIP-1559 may not solve the current problem of high gas fees. These and many more are covered in this week’s (Mar 21 to Mar 27) roundup. Find out
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As we all know, the Ethereum and Bitcoin blockchains are due an upgrade, especially Bitcoin. The issue of scalability has become a growing cause of concern for community members seeking a truly decentralized platform to execute transactions. Currently, the Ethereum network is working for an upgrade tagged Ethereum 2.0
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Øystein Stray Spetalen, a Norwegian businessman, has recently invested in Bitcoin a few days after shaming the cryptocurrency and calling for its ban. According to a report by Norwegian newspaper Dagens Næringsliv (DN), the billionaire had a change of heart barely 10 days after his earlier comments. Spetalen’s new
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The much-anticipated Ethereum Layer 2 scaling solution Optimism has been postponed to at least July. Optimism was scheduled to be released this week. However, the mainnet has now been pushed forward to at least July, the team disclosed. According to the team behind the upgrade, instead of a rushed effort
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KiwiSaver, a voluntary savings scheme for New Zealand workers, has allocated five percent of its asset to Bitcoin. The scheme is operated by the wealth management firm New Zealand Funds Management. As of December 2020, KiwiSaver had $350 million under its management. A five percent exposure could therefore be around
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SEC Commissioner, Hester Peirce, has sounded a note of warning to all those engulfed in the ongoing NFT craze. She noted that fractionalized NFTs and several non-fungible tokens could easily be classed as investment contracts under U.S. securities law. While speaking at Draper Goren Holm’s Security Token Summit
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Asset management giant Fidelity is the latest company on a growing list of companies seeking to launch a Bitcoin ETF product in the United States. In a recent filing with the U.S. Securities and Exchange Commission, the company sought the approval of the financial watchdog to launch its “Wise
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The CEO of New York Digital Investment Group (NYDIG), Robert Gutmann, has revealed that governments through sovereign wealth funds may be the next to invest in Bitcoin. Gutmann made the disclosure during a virtual podcast session with investment strategist and founder of Real Vision Raoul Pal. According to the CEO,
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Leading global investment bank Goldman Sachs has sought approval from the U.S. Securities and Exchange Commission (SEC) to launch a new Exchange Traded Fund (ETF), with an option to invest in Bitcoin. According to the document filed with the SEC last week Friday, the product would be called Autocallable