Art that was usually confined inside the museum or the apartment has found an expansive new home now – in the world of crypto. Contemporary art sales are back, hitting a record $2.7 billion in the past year, thanks to the love between young people and blockchain. According to Artprice, a leader in art market…
Cryptocurrency mining and maintaining the work of blockchains in general are associated with high electricity consumption. Often this energy comes from burning fossil fuels, which causes great harm to the environment. There are two ways out of the situation: either using green energy or switching to PoS en masse. Recently, Bloomberg reported that electricity consumption…
Bloomberg has published a huge article going into the activities of the USDT stablecoin issuer. It once again accuses the Tether company assets of being unreliable. In particular, journalists found Chinese companies’ bonds in Tether reserves. A month ago, when everyone started talking about the possible bankruptcy of the Chinese mega-developer Evergrande, several Telegram channels…
Bank of America, one of the largest banks on Wall Street, has launched its first digital asset research, looking to scale its crypto trading business. Led by Alkesh Shah, Global Crypto, and Digital Asset Strategist at Bank of America (BoA), the bank has released its first report on cryptocurrencies. The report titled “Digital Assets Primer:…
According to blockchain data firm CryptoQuant, between 13:11 and 13:16 UTC Wednesday, a small group of people purchased the massive amount of Bitcoin on the spot market on centralized exchanges. But why the crypto whales placed Bitcoin buying orders of nearly $1.6 billion in a few minutes on an exchange instead of an over-the-counter desk…
The non-profit Litecoin Foundation has unveiled its OmniLite platform, which offers access to smart contracts, tokenized assets, and NFTs. OmniLite allows you to create your own cryptoassets or tokens. In effect, you can now create DeFi projects on the Litecoin network. There is nothing better for an analyst than to see his forecast come true….