The beneficiary of the Ocean Front NFT sale will be The Open Earth Foundation. Graphic designer and Non-Fungible Token (NFT) artist Mike Winkelmann also known as Beeple has sold yet another artwork for $6million. The work that was as an NFT is dubbed “Ocean Front” and aims to speak to the current earth’s climate change challenge, and it features a tree sitting on an image of trailers and shipping containers sitting atop a platform on an ocean floor. The artwork which was reportedly part of Beeple’s “Everydays” series had the…
Day: March 23, 2021
IHS Markit Reports 3% Organic Growth in Revenue in Q1 2021
IHS Markit highlighted the operating performance in some of the company’s segments including Financial Services, Transportation, Resources, and Consolidated Markets & Solutions. Financial services company IHS Markit Ltd (NYSE: INFO) has released its earnings results for Q1 2021, which ended on the 28th of February. In the result published on the 23rd of March, the company said revenue in Q1 2021 was $1.120 billion, with 3% total organic growth. IHS Markit’s CEO and chairman, Lance Uggla, expressed his excitement over the earnings result. The CEO said that the company is pleased…
New AML Rules in South Korea Force Crypto Exchange OKEx to Shut Down
Crypto exchanges OKEX gave an official notice asking users to close their trading positions and withdraw all their funds by the deadline period of April 7. South Korea’s new anti-money laundering rules for crypto operations have finally started rolling in. The country’s most popular cryptocurrency exchange OKEx is the first victim of it. The arm of OKEx in South Korea has finally decided to shut shop rather than navigating through the regulatory hurdles. OKEx made an official announcement for that same through a termination notice. The notice informs all of…
TRON Partners with MixMarvel to Integrate Cross-Chain NFT Marketplace
Justin Sun, the founder of TRON and CEO of BitTorrent, celebrated the partnership with MixMarvel, and looked forward to bringing its NFT marketplace to the TRON blockchain. Cryptocurrency network TRON (TRX) has entered into a strategic partnership with MixMarvel, a blockchain-based global game publishing platform, to develop NFT capabilities on the smart contract blockchain. The partnership is expected to see MixMarvel’s Non-Fungible Token (NFT) features brought to the TRON blockchain as part of the latter’s ongoing expansion into decentralized finance. The integration will also see MixMarvel’s blockchain protocol made compatible…
Top Six Brands that Joined NFT Trend
Procter and Gamble’s Lavatory Paper, through its brand, Charmin announced its interest in the NFT bandwagon by introducing a Non-Fungible Toilet Paper. NFT is a short term for Non-Fungible Tokens. Fungible tokens can directly be substituted or exchanged as they all belong to the same asset class. Typical examples are cryptocurrencies such as Bitcoin, Ethereum, and fiats such as USD, EUR, etc. Non-fungible assets are non-equal assets designed on the blockchain. An example is a movie ticket (which is meant for a specific movie). Today, many brands or companies are…
Microsoft in Talks for $10 Billion Takeover of Discord
Many analysts believe that this move by Microsoft should be viewed as a strategic one. Redmond Washington-based American multinational technology company, Microsoft Corporation (NASDAQ: MSFT) is in talks to takeover VoIP, instant messaging and platform, Discord in a deal that could be worth $10 billion. Per the reports, first revealed by Bloomberg citing people familiar with the matter, the video-game chat outfit is also in talks with other potential buyers, but no deal is imminent yet. VentureBeat broke a report on Monday Discord is considering a $10 billion sales offer…
ByteDance Acquires Moonton via Nuverse at Around $4B Valuation, Takes on Tencent
According to Yuan Jing CEO of Moonton, Moonton will operate independently from ByteDance following the acquisition. Multinational internet technology company ByteDance through its subsidiary Nuverse, its video gaming unit, has acquired Moonton, a Shanghai-based video game developer. According to news outlet Reuters, people familiar with the matter disclosed that the deal values Moonton at approximately $4 billion. Reportedly, Tencent Holdings Ltd had made a similar bid to acquire Moonton but ByteDance quickly matched the deal. As a result, ByteDance is well-positioned to compete with Tencent in the global gaming industry, which…
Streaming Tokens Dominate Market as Bitcoin Whale Trend Signals $60K Adversity
Streaming tokens are performing exceptionally, meanwhile, Bitcoin is stuck under $60K. To exacerbate Bitcoin’s situation, whale transfers to retailers suggest the onset of a short-term bear trend. Since Bitcoin topped $60K to reach an ATH, the digital asset has found it hard to retain profits above this. Consequently, the retracement to the $55K regions, perceived temporary, bulls have been unable to find a way to the $60K levels. Meanwhile, for streaming tokens, the situation is much more positive. The largest cryptocurrency in the world has struggled to come out of…
Treasury Department and IRS Say New Stimulus Payments Will Reach Bank Accounts by Mid-Week
Although some people have received the payments through direct deposits, the IRS said that a “large” volume of qualifiers for the second batch of payments would receive theirs through the mail. The Treasury Department and Internal Revenue Service (IRS) have announced that a new batch of stimulus payments will reach bank accounts by the 24th of March. The Treasury Department and IRS revealed updates on the stimulus payments on the 22nd of March. US president Joe Biden signed the $1.9 trillion stimulus package as the relief bill for the coronavirus on the…
Wolf of Wall Street Jordan Belfort Makes Bullish Bitcoin Comments, Predicts BTC to Reach $100,000
Jordan Belfort has turned from being a Bitcoin critic as he predicts that BTC will continue to pull in gains and cross the $100,000 milestone. Jordan Belfort, the self-proclaimed Wolf of Wall Street, has stated some bullish comments on Bitcoin and the stock market. Before now, the Wolf of Wall Street was a Bitcoin critic, always stating bearish statements on the king coin. In his speech, he said that Bitcoin is “free from the distortion of effectively printing more of your own corporate cryptocurrency.” Jordan Belfort Bullish that Bitcoin Would…