Hybe, the South Korean recording label behind global favorite K-pop boy band BTS, has partnered with the country’s biggest crypto exchange to issue non-fungible tokens (NFTs) based on the band. The label will issue digital photo cards of band members, complete with video and sound, as NFTs, which can be bought and sold on the...
55 search results for: fungible
CRYPTO MARKET CAP HITS ALL-TIME HIGH
After a crash in May, the total market cap valuation of cryptos has recovered, with 250 billion dollars to spare. Crypto investments now represent a 3 trillion dollar market. That’s a 280-percent increase from where the valuation stood on 1 January 2021, at 775 billion. It also means cryptos have more than overcome a May...
BLOCKCHAIN BATTLES
MORGAN CREEK CEO SAYS CRYPTO WILL OUTDO THE INTERNET. Mark Yusko of Morgan Creek Capital, told Cointelegraph.com last week that cryptocurrency and blockchain “Web3” innovations would create more wealth than earlier internet periods, by building the foundations of the Internet of Value. Yusko notably caught the wave of early internet technologies, and he embraced cryptos...
ONLY CRYPTOPLORABLES HAVE USE FOR BITCOIN, SAYS NATIONAL REVIEW
Cryptos, like bank transactions of 600 dollars or more, are basically all about criminal activity. That sums up the uniparty take of a 12 October National Review column by Steve Hanke and Matt Sekerke. Titled “How Innovative Is Crypto?”, the piece attempts to dissuade benighted average crypto users of the evidence of their own lying...
THE CRYPTO “AGE OF UTILITY” HAS JUST BEGUN
Back in February we noted that 2021 would likely see exponential growth in cryptocurrency adoption. (See “CRYPTO SANITY,” 16 Feb 2021) That happened, with crypto users and investors more than doubling in the space of six months. The year has also marked a sea change in the attitude of traditional institutions toward cryptos. Speaking at...
METAVERSE GAMING HITS BILLION DOLLAR PAYDIRT WITH AXIE INFINITY
Axie Infinity has grabbed the attention of traditional tech and gaming companies. The crypto based game is built off blockchain technology and utilizes NFT (Non-Fungible Token) characters. Currently, it’s raking in revenues of 28.9 million dollars a week, which projects out to 1.5 billion a year. That’s equivalent in revenue to blockbuster traditional games. No...
U.S. MARKET OVERVIEW
Stock prices slid on Tuesday, 28 September, bumped through Wednesday, and fell again on Thursday, September’s last day, while the best bond yields in months also lured investors away from tech stocks. Alphabet, Facebook, Google, and Microsoft, all of which have outperformed the broader market this year, each dropped at least 3.5 percent during the...
BLOCKCHAIN BATTLES
VOLATILE CRYPTO NEWS CENTERED AROUND EL SALVADOR. One of the biggest crypto stories over the past two weeks was another run and bust of Bitcoin Ether and other cryptos, all tied around September 6th. That was the day El Salvador officially rolled out its acceptance of Bitcoin as legal tender. After wallowing for several months...
SEARCHING FOR SOLANA
So far, 2021 has been the year that cryptos and blockchain technologies in general broke decisively into the mainstream. Prices of major cryptos like Bitcoin, Ethereum, Binance Coin and Cardano have been volatile, with ups and downs. But that’s hardly new. The huge surge in decentralized finance and non-fungible token ecosystems, and the cryptos and...
EL SALVADOR CRYPTO WALLETS READY IN SEPTEMBER
No thanks to the World Bank, El Salvador’s government backed bitcoin wallet will be available for download by citizens in early September. The Central American country made history by being the first in the world to formally specify Bitcoin cryptocurrency as legal tender. Though central banks that lend to countries and are used to profiting...
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