Beeple NFT auction closes at record-setting $69.3 million...
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March 7–13 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Banking on Crypto with Nexo | | | Nexo is the world's leading regulated financial institution for digital assets with $5 billion in assets under management. | | | The company's mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, an instant Exchange service, and sophisticated trading and OTC capabilities, while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. | | | Nexo has processed $20+ billion for 1,000,000+ users across more than 200 jurisdictions. | | #2. Beeple NFT auction closes at record-setting $69.3 million | | | There's plenty to discuss in the crypto markets, but this week, nonfungible tokens have stolen the limelight… for multiple reasons. | | | Digital artist Mike Winkelmann, also known as Beeple, has made history after his latest piece — "Everydays: The First 5000 Days" — sold for a whopping $69.3 million following an auction at Christie's. | | | It's a pretty special one at that. "Everydays" consists of 5,000 unique images, produced every day for 13-and-a-half years. The collage shows Beeple's evolution as an artist and his shift to becoming a political cartoonist. | | #3. NFT representing incinerated Banksy painting fetches nearly $400,000 | | | A group of crypto investors known as "Burnt Banksy" has made a tidy profit after a daring stunt involving one of the graffiti artist's creations. | | | They bought a real-life Banksy painting for $100,000 last month. "Morons" satirizes the art industry and depicts a bustling auction for a framed canvas, adorned with the words: "I can't believe you morons buy this shit." | | | Last week, they set the painting on fire during a Twitter livestream in Brooklyn… and turned it into an NFT instead. Now, it's sold on the NFT marketplace OpenSea for 228 ETH… worth over $400,000 at the time of writing. | | #4. Bitcoin hits new record highs after agonizing two-week wait | | | What a difference a year makes. Twelve months ago, Bitcoiners were licking their wounds after a devastating flash crash that took it below $4,000. Fast forward to now, and BTC has now set a new all-time high above $59,000. | | | It took a couple of weeks to reach this milestone, with BTC falling below $45,000 along the way. But the bounceback indicates that bullish momentum remains unshaken. What remains to be seen is whether this spike is the product of weekend volatility, or the start of something bigger. | | | Of course, there are reasons to be cautious. ExoAlpha's David Lifchitz said this week that, despite Bitcoin's price being in a long-term uptrend, there are some reasons for a more bearish outlook for the short term. | | | Tax season in the U.S. could prompt investors to sell off their holdings. It's also March, traditionally a bearish month for the crypto sector. | | #5. Prediction of the week: Mark Cuban sees $1 written in DOGE's tea leaves | | | Just three days after the Dallas Mavericks started accepting Dogecoin for merchandise, the basketball team's billionaire owner, Mark Cuban, was exceedingly bullish. | | | The Shark Tank star is predicting that DOGE's price will eventually hit $1… meaning Elon Musk isn't the only megarich entrepreneur who's in love with the joke coin. | | | Last weekend, he said customers had used more than 20,000 DOGE in transactions with the Dallas Mavericks, making it "the largest Dogecoin merchant in the world." | | #6. FUD of the week: OpenSea collector "pulls the rug" on NFTs to highlight arbitrary value | | | Returning to NFTs now, and some are expressing fears that the market is overheated — and engaging in daring stunts to prove their point. | | | A crypto artist known as "Neitherconfirm" listed 26 NFTs for sale on OpenSea, featuring people and animal faces in a stained glass style. But things took an unexpected turn on Tuesday when they changed the images associated with each token into photos of literal carpets. | | | Neitherconfirm said no one was hurt by the move, explaining: "All discussions about the value of NFTs are meaningless as long as the token is not inseparable from the artwork itself. What is the meaning of creating an unforgeable token on a highly secured network if somebody can alter, relink or destroy your possession? As long as the value of your artwork is reliable on a central service you do not own anything." | | | Feel free to explore the most important news with Hodler's Digest: | | | |
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