Ex-Legg Mason CIO Bill Miller compared Bitcoin to a Ferrari car while commenting on the narrative that the flagship crypto could replace gold. According to Miller, gold reminded him of the horse-and-buggy days. Miller described Bitcoin as “turbo-charged gold” last June prior to Bitcoin’s epic Bull Run. He was
According to recent data from NYDIG, Bitcoin is officially the best-performing asset of 2021 after rising by almost 50% this year. The digital asset overcame several major corrections and clampdowns to deliver a 20% gain in a seven-day window. It also firmly beat several macro assets worldwide and sealed a
Thanks to the latest boom of non-fungible tokens (NFTs), the contemporary art market has rebounded from a slow 2020. According to a recent Artprice report, the market has hit an all-time high of around $3.67 billion in annual sales. The report suggests that the emergence of NFTs in the
New Zealand has launched its first retail-oriented Bitcoin investment fund. The product from Vault Digital Funds will provide investors in the country with a new fund called Vault International Bitcoin Fund. While commenting on the development, the co-Founder of Vault Digital Funds Janine Grainger explained that investors would have the
For the first time since early September, Bitcoin has managed to reclaim the $50,000 mark as traders turn “greedy.” According to data on TradingView, the BTC/USD trading pair added another 5% on Tuesday, October 5. As a result, the flagship crypto reclaimed the psychologically significant benchmark. As of
Former United States Central Intelligence Agency agent Edward Snowden has praised the resilience of Bitcoin (BTC) amid sustained global regulatory scrutiny on cryptocurrencies. The famous whistleblower tweeting on Sunday stated that Bitcoin has gotten stronger following government bans and anti-crypto policies. Sometimes I think back to this and wonder how
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The crypto market is growing rapidly, but many tokens - according to Coinopsy over 2200 cryptocurrency networks, up 16% since April 2021 - have died and the tokens’ price became 0. Even with the preferable market conditions, a lot of people have lost all the money they invested. The main
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AXS, the native token of play-to-earn blockchain-based video game Axie Infinity, soared 36% on Monday to break yet another lifetime record of $153 as the game continues to enjoy increasing popularity. The digital asset created by Singapore-based development studio Sky Mavis broke into the list of the top 20 biggest
A part of the 5000-strong Solana Monkey Business collection named ‘Solana Monkey #1355’ recently became the first NFT on the Solana network to sell for a record-breaking $2 million. 🙉 SMB #1355 SOLD for 13027.00 S◎L → https://t.co/Y6YoEGRfiT 🐒 @solanambs 📝 https://t.co/DOpZD6LFSV pic.twitter.com/Z7ukL4Cgco
In a bid to bolster the adoption of Bitcoin and its government-issued Chivo wallet, El Salvador is offering a discount of $0.20 per gallon in petrol prices to consumers who pay using BTC via the Chivo Wallet. Salvadoran president Nayib Bukele hailed the development as “positive news for the
While many may have assumed that Bitcoin was done for following China’s latest anti-crypto drive. The flagship cryptocurrency appears to still have some fight left. Bitcoin bulls have refused to relinquish their position as Bitcoin added $4,000 in a few hours, eventually reaching a 24-hour high of $47,
Recent research by analytics platform DappRadar revealed that the total value locked in DeFi protocols has surged by 936% over the past 12 months. DappRadar stated in its Sept. 30 “Value Flow Report” that there has been substantial growth in NFTs and blockchain gaming, along with impressive numbers across the
Chairman of the Federal Reserve Jerome Powell has come out to say that the United States government has no intention of mimicking China’s crackdown on cryptocurrencies. Powell confirmed the stance of the government during a Thursday hearing held by the House Committee on Financial Services. He responded to a
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Prior to the advent of blockchain technology, everything was done through centralized servers owned by a single organization or company. However, with the coming of blockchain, the concept of decentralization has now become a thing, and it keeps getting better. The world is gradually moving towards the era of Web
Legendary video game maker Will Wright will be debiting a new game that explores blockchain technology and his experience with non-fungible tokens (NFTs). Wright will be launching the new game named “Proxi” more than a decade after releasing his last video game project “Spore” in 2008. The game maker also
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The New Zealand Central Bank (RBNZ) has turned to the general public for its take on a possible CBDC. It issued a series of documents that explains its view of the high-level policy opportunities and challenges of issuing a central bank-backed digital currency (CBDC). Instead of emphasizing the design details,