Month: April 2021

Crypto-Art for the Connoisseur

Crypto-Art for the Connoisseur

Non-fungible tokens get fresh test this week as two new auctions at legacy auction houses come into play  Trading volumes and values for NFTs have taken a breather of late, and this week’s auctions will determine if the elevated prices commanded by some NFTs continues to be sustainable or is a reflection of an unsustainable […]

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Consolidating Cryptocurrency Miners

Consolidating Cryptocurrency Miners

Riot Blockchain, a listed cryptocurrency mining company, has announced that it would be acquiring Whinstone U.S., one of the largest Bitcoin mining facilities in North America  Consolidation of cryptocurrency miners comes amidst growing heat from environmentalists over the heavy carbon footprint from cryptocurrency mining  Give a man a fish, he eats for a day. Teach […]

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Facebook an Indirect Cryptocurrency Play?

Facebook an Indirect Cryptocurrency Play?

Billionaire investor Mike Novogratz buys into Facebook and shorts the U.S. 5-year Treasury note, betting on Facebook’s upcoming digital wallet play  Addressable user base of 2.4 billion could potentially make Facebook’s Novi digital wallet a race to adopt cryptocurrencies on the social media platform  For the investor who wants a little cryptocurrency action with some […]

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Banks Banking on Bitcoin’s Lack of Volatility

Banks Banking on Bitcoin’s Lack of Volatility

Bitcoin volatility starting to come down even as volumes increase, suggesting slightly elevated levels of institutional participation  While most larger U.S. banks have avoided cryptocurrencies, others are caving to client pressure to provide the institutional grade services necessary to support cryptocurrency investments  Bitcoin has a bad reputation for being volatile and as such, unsuited for […]

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