Day: February 26, 2021

New Record Made for Individual NFT as Beeple’s Project Sold for $6.6M

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According to reports, “Crossroads” by Beeple was purchased on November 1, for $66,666.60 by a user identified as Pablo. Interestingly, the new user offered a whopping sum of $6.6 million to repurchase and stay anonymous. Beeple, also known as Mike Winklemann, a Buzzy digital artist, has smashed the previous selling record of $1.5 million with his “Crossroads” project after its being resold for $6.6 million. According to reports, “Crossroads” by Beeple was purchased on November 1, for $66,666.60 by a user identified as Pablo. Interestingly, the new user offered a…

Elon Musk unfazed by rumored possibility of SEC probe into Dogecoin tweets

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Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk’s alleged impact on Dogecoin’s price moves have been circulating on social media over the past day — a phenomenon that one Twitterer has quipped is “peak 2021.”  I hope they do! It would be awesome — Elon Musk (@elonmusk) February 25, 2021 Musk’s previous show-downs with the SEC notwithstanding, the CEO appears to be nonplussed about the possibility of an all-too-real legal fallout sparked by his penchant for the meme cryptocurrency. Musk’s…

Belarusian government explores potential move into crypto mining

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The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC). The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor Karankevich said that the crypto mining industry is rapidly growing all over the world in countries like China, the United States, Canada and Russia. The minister went on to say that the government is considering tapping into the mining industry following an investigation of the…

Belarusian government explores potential move into crypto mining

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The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC). The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor Karankevich said that the crypto mining industry is rapidly growing all over the world in countries like China, the United States, Canada and Russia. The minister went on to say that the government is considering tapping into the mining industry following an investigation of the…

Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here

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Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.” “No FOMO in sight” for BTC During the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million.  When investments of that amount hit a peak, price action began to…

Cryptocurrency goes mainstream

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The number of cryptocurrency users around the world continues to explode… as do the volatile prices. Although its value has recently dropped, Bitcoin has soared around 300% over the past year. CGTN’s Mark Niu reports, digital assets are now finding their ways into new markets. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

DeFi Exchange 1Inch Shifts to Binance Smart Chain due to High ETH Gas Fee

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With this, the 1INCH token will serve as a bridge between the Binance Smart Chain and the Ethereum blockchain. Also, all features of 1inch Liquidity Protocol, 1inch Aggregation Protocol and all 1INCH staking features will become available to BSC users. The skyrocketing Ethereum gas fee has become a matter of concern for investors as well as DeFi platforms on the Ethereum blockchain. On Thursday, February 25, the decentralized finance (DeFi) platform 1inch said that it has deployed the 1inch token on the Binance Smart Chain (BSC). Thus, the BSC users…

ZM Stock Drops 5.32%, Zoom Shares Down for Seventh Day in Row

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Although Zoom stock is now experiencing hard times, it still holds a Zacks #1 Rank, which is a Strong Buy. Besides, Robert W. Baird analyst William Power is also maintaining a Buy rating on Zoom Video Communications. On Wednesday, he set a price target of $550.00 for Zoom shares. Online conferencing giant Zoom Video Communications Inc (NASDAQ: ZM) is going through a bad patch. Zoom stock has been down for a week already, falling for the seventh day in a row. On Thursday, Zoom stock ended the session at $364.73 per share, or…

Italian Luxury Car Maker Mazzanti Plans for Security Token Offering (STO)

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Mazzanti Automobili is planning to raise a massive $1.2 billion via STOs and has added that it will accept BTC payments against the purchase of its Evantra Model. On Thursday, February 25, Mazzanti Automobili – the Italian luxury carmaker – launched its security token offering (STO) on STOKR, a regulated digital marketplace. As part of the offering, Mazzanti said that it will raise 999,999 euros ($1.2 million) on STOKR while developing a special edition of its hypercar model Evantra Millecavalli R. Company founder Luca Mazzanti aid that its security token…

Fintech Company Klarna Close to Raising $1B at $31B Valuation

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Swedish fintech firm Klarna is close to reaching its $1 billion target in a funding round, say sources familiar with the matter. The $1 billion funding, which comes amidst IPO rumors, would bring the Stockholm-based Klarna valuation to $31B. Founded in 2005, Klarna is now one of the world’s most-used “buy now, pay later” (BNPL) service providers. The service allows customers to purchase items and “pay later” in installments. All interest-free. Sources told CNBC that the deal “could close within days” citing an overwhelming response from investors. The rumored public…