NFTs have had quite the roller coaster year. Spurred by the sale of Beeple’s The First 5000 days for a record $70 million, tokenized digital art was thrust into the mainstream earlier this year.A dramatic dip in sales followed, leading many to believe it was game over for NFTs. However, the past month or so has seen a resurgence in trading volume and Google searches.With that, … [Read more...] about Scammers turn their attention to NFTs as the crypto subsector sees multimillion dollar mania
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If you have a Bitcoin miner, turn it on
In the last few weeks, the Bitcoin (BTC) mining market has experienced a black swan event, leading to a lot of uncertainty and confusion surrounding the future of the market. This is why I felt it was right to give the public a quick update and explain why it's a fantastic time for Bitcoin mining in the United States.Bitcoin miners are rewarded Bitcoin for securing the network … [Read more...] about If you have a Bitcoin miner, turn it on
Young Koreans’ debt soars as they turn to crypto, stocks and real estate
Household debt for younger Koreans — those born from the 1980s onward — has surged to $22.7 billion, up from $3.9 billion from last year. Data from South Korea's Financial Supervisory Service (FSS), released today by Representative Kim Han-jeong of the Democratic Party of Korea, reportedly indicates that the high levels of lending are attributable to an increase in investments … [Read more...] about Young Koreans’ debt soars as they turn to crypto, stocks and real estate
Institutions turn bearish on ETH as record $50M exits Ether investment products
Ethereum investment products have experienced a record outflow of $50 million this past week, signaling bearish sentiment among institutional investors.According to the CoinShares' “Digital Asset Fund Flows Weekly” report, Ether products have now experienced outflows for three consecutive weeks, with $64.3 million leaving the sector since the week ending June 6. Despite the … [Read more...] about Institutions turn bearish on ETH as record $50M exits Ether investment products
NYC’s mayoral frontrunner pledges to turn city into Bitcoin hub
Within the same month, talk of the United States' budding capital of crypto has seemingly shifted its center from Miami to New York City. June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city's mayor, Francis Suarez, has taken a series of steps to strengthen his bid to make Miami the top spot for crypto not … [Read more...] about NYC’s mayoral frontrunner pledges to turn city into Bitcoin hub