CRYPTOMARKET – Page 2

A Cryptocurrency Expert Explains NFTs – How Nonfungible Tokens Work And Where They Get Their Value

3Apr

By THEIRL1ADMIN01No Comments

A Cryptocurrency Expert Explains NFTs – How Nonfungible Tokens Work And Where They Get Their Value

Nonfungible tokens prove ownership of a digital item – image, sound file or text – in the same way that people own crypto coins. · Unlike crypto coins, which are identical and worth the same, NFTs are unique. · An NFT is worth what someone is willing to pay for it, which can be a lot if the NFT is made by a famous artist and the buyer is a wealthy collector. An attorney friend recently asked me out of the blue about nonfungible tokens, or NFTs. What prompted his interest was the sale of a collage composed of 5,000 digital pieces, auctioned by Christie’s on March 11, 2021, for a remarkable US$69 million. Mike Winkelmann, an artist known as Beeple, created this piece of digital art, made an NFT of it and offered it for sale. The bidding started at $100, and the rest of the auctioning pr...

Spending Millions On What’s Essentially A Link To A JPEG File – Why Would Anyone Buy Crypto Art

15Mar

By THEIRL1ADMIN01No Comments

CRYPTOMARKET

Spending Millions On What’s Essentially A Link To A JPEG File – Why Would Anyone Buy Crypto Art

As an academic researcher, developer of artistic technology and amateur artist, I was quite skeptical about crypto art when I first read about it several years ago. However, I follow a community of artists on social media, and some of the artists there whom I respect, like Mario Klingemann and Jason Bailey, embraced and advocated for crypto art. Within the past few months, activity and prices seemed to snowball. I started thinking it deserves to be taken seriously. Then the Beeple sale happened. On March 11, Beeple, a computer science graduate whose real name is Mike Winkelmann, auctioned a piece of crypto art at Christie’s for US$69 million. The winning bidder is now named in a digital record that confers ownership. This record, called a nonfungible token, or NFT, is stored in a share...

Gerald Cotten Dead Or Alive: A Crypto Mystery

17Dec

By THEIRL1ADMIN01No Comments

CRYPTOMARKET

Gerald Cotten Dead Or Alive: A Crypto Mystery

QuadrigaCX shut down weeks after its CEO died, leaving 76,000 users out of $163m in cash and cryptocurrencies. Skepticism around the demise of Canadian cryptocurrency exchange founder Gerald Cotten just won’t go away. The “questionable circumstances” behind the death of QuadrigaCX’s chief executive last year in India at 30 led lawyers representing customers of the collapsed trading platform to request on Friday that his body be exhumed. QuadrigaCX shut down in January, weeks after Cotten died while on his honeymoon, leaving some 76,000 users out of pocket for about C$215 million ($163 million) in cash and cryptocurrencies. Odd details surrounding his death and the mystery of what happened to clients’ Bitcoin and other cryptocurrencies, has fueled...

3Apr

By THEIRL1ADMIN01No Comments

CRYPTOMARKET, TECHNOLOGY

Major payment firms hesitate to back Facebook’s Libra

Visa and Mastercard are reportedly concerned with the regulatory scrutiny into Facebook's digital currency. Four payments companies that have joined Facebook Inc. as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project, according to people familiar with the matter. Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. are undecided about formally signing onto Libra's organizing charter because they're concerned about maintaining positive relationships with regulators who have reservations about the project, the people said. Executives at the payments companies believe Facebook oversold the extent to which regulators were comfortable with the project and are concerned ab...

33 Cryptocurrencies Described In Four Words Or Less

3Apr

By THEIRL1ADMIN01No Comments

CRYPTOMARKET

33 Cryptocurrencies Described In Four Words Or Less

Crytpocurrency also termed as Digital or Virtual currency is considered as a form of asset and the currency is designed to work as an exchange medium. Crytpocurrency uses strong cryptography to secure the financial transactions. All these cryptocurrencies work on the blockchain technology which is a decentralized system. The best feature of the cryptocurrency is its organic nature, where it is not issued by any central authority nor does have any government interference or manipulation with the currency. Bitcoin is the first blockchain based cryptocurrency and is the popular and most valuable one. The popularity of Bitcoin has given birth to hundreds of alternate cryptocurrenies designed with various specifications and functions. Some of these cryptocurrencies are clones of Bitcoi...

3Apr

By THEIRL1ADMIN01No Comments

CRYPTOMARKET, VIDEO REELS

Can we trust Facebook’s Libra cryptocurrency?

Social media giant says currency will "empower billions of people" but critics warn it could threaten privacy. Video of Can we trust Facebook&#039;s Libra cryptocurrency? | The Stream Just 15 years ago Mark Zuckerberg launched Facebook from a college dormitory in Massachusetts, beginning a dizzying rise to its current position as the world's ubiquitous social media network. Now Facebook is on the verge of launching a new digital currency called Libra . Libra is being touted as a global currency that will allow individuals to make instant transactions through approved apps, underpinned by secure “Libra blockchain" technology. Major companies including eBay, Mastercard, Visa and Vodafone are backing the Libra currency, which will be pegged to a ...