People are paying millions for clips that can be viewed for free. Welcome to the world of ‘NFTs’

A virtual art piece titled “Everydays: The First 5000 Days.” Created by digital artist Beeple, it’s the first NFT-based work of art to go on auction at Christie’s. Christie’s From art to sports trading cards, people are spending millions of dollars on digital collector’s items. These crypto collectibles, known as NFTs, have exploded in popularity […]

Continue Reading

Coinbase’s crypto holdings jumped ninefold last year to over $300 million as bitcoin surged

Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase isn’t just enabling the trading of a bunch of bitcoin – it’s holding cryptocurrencies on its books. In the company’s prospectus for public market investors filed on Thursday, Coinbase disclosed ownership of $316.1 million worth of […]

Continue Reading

Bitcoin slides another 16%, falling below $50,000

Costfoto | Barcroft Media | Getty Images Bitcoin’s price descended further on Tuesday after U.S. Treasury Secretary Janet Yellen issued a warning about the cryptocurrency. The world’s most valuable digital coin plunged 16% in the last 24 hours, sinking below $50,000 to trade as low as $45,389 at 4:10 a.m. ET, according to data from […]

Continue Reading

Bitcoin poses no threat to the dollar as the world’s currency leader, Fed’s Bullard says

St. Louis Federal Reserve President James Bullard told CNBC on Tuesday he believes that increasing interest in bitcoin does not pose a serious threat to the U.S. dollar as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar economy as far as the eye can see — a […]

Continue Reading