Latest Market News
"The First 5,000 Days", a piece by prolific digital artist Beeple (Mike Winkelmann), was sold for $69.3 million in an auction held by Christie’s. The $69.3 million sale is a potentially groundbreaking event for the art world as a whole. "The First 5000 Days" is an artwork that exists in digital form only, and its ownership is represented by a NFT (non-fungible token) on the Ethereum blockchain.
Ripple CEO Brad Garlinghouse says that Ripple and video sharing platform YouTube have come to a settlement in regards to the lawsuit that Ripple and Garlinghouse filed against YouTube in April last year.
The price of Bitcoin saw a strong 13% price hike over the last week of trading as it rebounded from the support at $48,500 and managed to break the short-term symmetrical triangle pattern that it was trading within.
As we move through the final month of Q1, a number of cryptocurrency projects are still moving ahead with their development, and look set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The following five coins are set to receive increased amounts of attention over the coming weeks and are definitely the top coins to keep an eye on over March.
Buterin explained that thanks to layer 2 scaling solutions, Ethereum’s current scalability issues can be alleviated to a large extent even before the full transition to Ethereum 2.0.
Exchange Tokens continue to grow this month as the industry starts to pick up again with Bitcoin surging back toward ATH levels. The total market cap for exchange tokens is now close to $71.10 billion up from the $40 billion in our last Exchange Token analysis.
Fintech company Ripple and remittances provider MoneyGram have ended their partnership, according to a statement published by Ripple.
Binance Coin just reclaimed the 3rd ranked position with a 14% price surge today that allowed the cryptocurrency to break back above $250 to reach $268. Binance Coin has been surging all month, in which it managed to explode by a total of 297%.
The Canadian market is receiving its third Bitcoin ETF – following Bitcoin ETFs from Evolve Funds Group and Purpose Investment, the latest addition comes from asset manager CI Global Asset Management.
Twitter and Square CEO Jack Dorsey is auctioning off the first tweet made on the Twitter platform in the form of an NFT. Simply reading "just setting up my twttr", Dorsey published the tweet on March 21, 2006, almost 15 years ago.
