Tokenized Ownership of Beeple Art Trades at a Premium

Key Takeaways A crypto token representing part of Beeple’s most expensive artwork almost doubled in price after its historic auction. Metapurse sold partial ownership of 20 select pieces of Beeple’s work as a crypto token on Ethereum. The total market valuation of the 20 pieces, plus the related digital museum, is now over $150 million. Share this article Following the iconic $70 million auction of Beeple’s digital artwork today, a crypto token representing partial ownership of the auctioned collection surged by 89% in less than 30 minutes.  Metapurse Acquired 20…

NFT bonanza sends Chromia (CHR), Rarible (RARI) and Lukso (LYXE) price higher

Nonfungible tokens (NFT) have risen in popularity over the past couple of months as stories of record-setting multi-million dollar auction sales begin to emerge on a daily basis.  While projects like Cryptokitties, Axie Infinity (AXS) and Aavegotchi (GHST) are some of the well-known NFT tokens in the space, several new platforms have burst onto the scene in recent weeks and established new all-time highs. CHR/USDT vs. RARI/USDT vs. LYXE/USDT 4-hour chart. Source: TradingView Chromia (CHR), Rarible (RARI) and LUKSO (LYXe) are three projects that have all broken out to new…

Crypto platform FalconX raises $50M on the back of institutional adoption

FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that digital assets are becoming more mainstream.  FalconX didn’t specify how the funds would be deployed, but if it’s anything like previous fundraisers, the money will likely go towards business development. FalconX raised $17 million in May 2020 to finance several growth initiatives, including adding new infrastructure and expanding its product offerings. At the time, FalconX told Cointelegraph that it uses data science to provide a more…

Chainlink’s Movement Will Be Defined by Narrow Pocket

Key Takeaways The future price of Chainlink (LINK) will be defined by its ability to slice through a narrow price pocket.  Moving past the $29.70 resistance level could see the cryptocurrency retest its previous all-time highs. If this support fails to hold, LINK will face a steep correction.  Share this article Chainlink is primed for a significant price movement after enduring an 11% correction in the last three days.  Chainlink Primed for Volatility 4-hour charts suggest that LINK’s price action has been contained within an ascending parallel channel over the…

IoTeX (IOTX) rallies 300% after DeFi and Amazon Web Services integration

As mobile devices, cost and the ease of accessing the internet becomes less of a challenge for people across the world, the value of data has become a new highly desired commodity. Governments and companies utilize customer and user data for a vast array of purposes and this has placed added emphasis on how data is collected, priced and of course, there are also privacy concerns regarding how personal data is obtained.  Currently, there are several blockchain projects focused on organizing data and enabling users to have more control over…

Bitcoin flippens South Korean won, closes in on Google

The market capitalization of Bitcoin recently rose above $1 trillion once again. Now the asset has surpassed the total market cap of the South Korean won. According to data from AssetDash, the Bitcoin (BTC) market cap is $1.057 trillion at time of publication. This exceeds the money supply of the South Korean won, which was estimated to be 1,178,748,600,000,000 KRW as of December 2020, and is currently valued at roughly $1.04 trillion. Bitcoin’s market cap rose above $1 trillion for the first time in February following the announcement that Tesla…

Too little, too late? Ethereum losing DeFi ground to rival blockchains

2021 has been a great year for Bitcoin (BTC) and crypto in general. However, Ethereum and the decentralized finance, or DeFi, sector have outshined other niches of the cryptocurrency space, dazzling the community with enormous growth in terms of popularity, engagement and sheer volume, with the total value locked currently sitting at around $56 billion, according to DappRadar. The nonfungible token, or NFT, space is also seeing unprecedented growth. Many believe 2021 is shaping up to be the year of NFTs. However, DeFi continues to thrive, especially on the Ethereum…

Angst and anger as NFTs claim high-culture status

It’s as immutable as a transaction on the blockchain: Nonfungible tokens, or NFTs, have permanently made their mark on art history. While the movement has some members of the arterati swooning at the notion of unwashed digital hordes laying siege to their domain, the reality is that the two worlds of high art and crypto are fated to become one and the same.  You might not have heard of Mike Winkelmann, but at least one art icon is ready to say he could rank up there with Pablo Picasso. The…

Bitcoin price in stasis — Analyst says BTC consolidation ‘nearly complete’

Bitcoin (BTC) may be having problems cracking all-time highs but one of its best-known analysts believes its sideways trading is “nearly complete.” In a series of tweets on March 11, Willy Woo pointed to multiple on-chain factors suggesting that fresh BTC price upside is imminent. BTC flows to those with “very little” selling history  Bitcoin saw a return to form on Thursday after a dip to $54,400 abruptly reversed, sending BTC/USD to highs of $57,200. With buyer support in evidence, the pair is nonetheless still to break out of its…

Bitfinex users can now paper trade their custom algo strategies

Crypto exchange Bitfinex has introduced a new feature for its algorithmic trading toolkit, allowing users to test their trading strategies without putting actual funds at risk.  Bitfinex users can now deploy Honey Framework in their paper-trading sub-accounts. A paper trade is a simulated trade that allows users to practice buying and selling financial assets without risking real money. Paolo Ardoino, Bitfinex’s CTO, says the paper trading feature is part of his company’s effort to democratize finance. He explained: “The launch of paper trading on the Honey Framework forms part of…