Category Archive: Cryptocurrency, No picture
Justin Sun Launching NFT Fund, Minting Beeple on TRON
Key Takeaways Justin Sun is launching an NFT fund called JUST NFT in the hopes of capturing the high tier of the art market. The fund will focus on pieces worth at least $1 million, with a median value of $10 million. The first featured piece will be Beeple’s “OCEAN FRONT,” purchased by Sun last […]
Rare Beeple NFTs Sold for $7, Valued at Six Figures Hours Later
Key Takeaways Beeple released two “Everydays” pieces in an edition of 7 through MakersPlace last week. They were sold for only $7. The pieces have commanded hefty sums on the secondary market, with one already selling for 158 ETH. As the NFT space attracts more interest, Beeple’s work has been valued at a high premium. […]
Playing Crypto Games for a Living Is More Than Just a Meme
Key Takeaways Pro gaming has long been a unique income source for many around the world. This same trend is unfolding in various blockchain-based games like Axie Infinity and Decentraland. With gamers making a sustainable living in the metaverse, VCs are keeping a close eye. While games such as World of Warcraft originally blurred the […]
Uniswap V3 Video NFT Sells for $525,000
Key Takeaways A tokenized version of Uniswap’s V3 video teaser has sold for $525,000. A DAO set up to buy the NFT placed the winning bid. The video’s artist pplpleasr said that the funds would be donated to charities supporting ethnic minority groups. Uniswap announced its highly anticipated V3 update earlier this week. It’s scheduled […]
Filecoin Uptrend Nears Exhaustion After 70% Advance
Key Takeaways Retail investors are growing euphoric about Filecoin after a recent announcement. FIL has risen nearly 70% in the past three days, reaching new yearly highs. Despite the upward price action, on-chain and technical metrics suggest a pullback is coming. This news was brought to you by Phemex, our preferred Derivatives Partner. Filecoin has […]
Is General Motors Planning to Accept Bitcoin Payments?
Key Takeaways General Motors CEO Mary Barra has commented on Bitcoin. Though GM does not want to invest in Bitcoin, Barra implied it could accept BTC as payment during a recent investor call. This ultimately depends on whether there is customer demand. Automotive giant General Motors is monitoring Bitcoin’s potential, according to statements from its […]
Crypto Analytics Firm Chainalaysis Now Valued at $2 Billion
Crypto analytics firm Chainalysis secures a $100 million investment at a valuation of $2 billion. Chainalysis Continues to Turn Heads Chainalysis’s eighth funding round was led by Paradigm, with participation from TIME Ventures, the investment fund by billionaire investor Marc Benioff, including early stakeholders Addition and Ribbit. Previously, it has obtained $166 million in seven […]
DeversiFi DEX Announces New Token and Airdrop
Key Takeaways The Scalable layer 2 DEX, DeversiFi has introduced new DeversiFi Token (DVF). The DeversiFi team will give out ~50% of the token supply for incentivizing adoption through liquidity mining and a user airdrop. The DEX is backed by large crypto firms such as Bitfinex, ConsenSys, and Ledger. This news was brought to you […]
Ethereum Scaling Solution Optimism Delays Launch to July
Key Takeaways Layer 2 solution Optimism has delayed its mainnet launch. The project is now planning to go live in July. The team said that they intend to give the community “time to integrate, audit and test.” Optimism is arguably Ethereum’s most anticipated Layer 2 solution, favored by DeFi staples like Synthetix and Uniswap. This […]
DeFi Project Spotlight: Small-Cap Lending Platform Cream Finance
Key Takeaways Cream Finance is a fork of Compound but offers far more assets to lend and borrow against. Though it offers additional features, they are less competitive than the original offerings. The CREAM token also lacks clear utility. Cream has proven that the underlying code is secure thanks to an audit from Trail of […]
