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CryptoPunks NFTs Get $6M in Bids From a Single Account

NFTs are here to stay. CryptoArt is hotter than ever.CryptoPunks keep breaking records. As Christie’s auction approaches, the demand for the original NFTs rises. Today, an anonymous and recently created account placed bids worth 3,034 ETH for 16 CryptoPunks. At the current price, that’s $6,309,476.33. This fact makes the story even more interesting: so far,…

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Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion — singlehandedly topping all of last year’s revenue combined.  The company attributed its parabolic growth and blowout earnings to Bitcoin’s red-hot rally.…

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Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s $200 million cash injection back in early March.  In the previous funding round, Robert…

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Over 70% of US investors looking to DeFi in 2021

If participating in DeFi doesn’t make you feel like standing at the gates of disruption, just waiting for someone to turn around the key, you’re likely doing it wrong.  To contextualize the changes in DeFi over the last year, it is essential to recap that, just one year ago, in April of 2020, the now…

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Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world.  However, not all banks are hopping on the bandwagon, and…

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