The Promise of DAOs, the Latest Craze in Crypto

The Promise of DAOs, the Latest Craze in Crypto

In November, an online collective called Spice DAO bought a copy of a “director’s bible” for Alejandro Jodorowsky’s “Dune,” the nineteen-seventies film adaptation that famously failed to come to fruition. The group paid nearly three million dollars at auction, about a hundred times the book’s estimated price. DAO, which stands for “decentralized autonomous organization” (and … Read more

Investors riding the NFT craze are facing billions in taxes | Crypto News

Investors riding the NFT craze are facing billions in taxes | Crypto News

The NFT market has ballooned to $44bn, Chainalysis data shows, and rules about taxing the tokens are not clear.It’s one of the hottest corners of crypto – and now the U.S. government wants its share of the profits. Investors and creators of nonfungible tokens – a market that has ballooned to $44 billion, Chainalysis data … Read more

Why the climate-wrecking craze for crypto art really is beyond satire | John Naughton

On 24 December, the movie Don’t Look Up began streaming on Netflix following a limited release in cinemas. It’s a satirical story, directed by Adam McKay, about what happens when a lowly PhD student (played by Jennifer Lawrence) and her supervisor (Leonardo DiCaprio) discover that an Everest-size asteroid is heading for Earth. What happens is … Read more

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

Singaporeans lose over $100,000 to new crypto gaming craze, Companies & Markets News & Top Stories

SINGAPORE – About 20 police reports have been made against a Singaporean named as the chief marketing officer of a play-to-earn game that has allegedly cost local players more than $100,000 in lost cryptocurrency.The Neko Inu game rode on the play-to-earn crypto gaming craze and was launched earlier this year, allowing players to earn USDT, … Read more

Surging Over 70,000% in One Week, New Crypto Craze!

Surging Over 70,000% in One Week, New Crypto Craze!

Investors are eyeing on the recent trending crypto craze from KoKoSwapcryptocurrencyKoKoSwapcryptocurrency is thriving in the cryptocurrency market recently while surging more than 70,000% in one week. This cryptocurrency price is another breakthrough just like the Squid Game cryptocurrency. Investors are instigated to invest a lot of money in this KoKoSwapcryptocurrency due to this trending crypto … Read more

Will the craze for crypto startups ever produce the next tech giant?

Will the craze for crypto startups ever produce the next tech giant?

Nov 13th 2021THE HONG KONG office of FTX, a cryptocurrency exchange, is a place where basic needs come second to business. Food and booze lie around desks fitted with six screens each. Sam Bankman-Fried, its boss, says he sleeps four hours a night on a bean bag next to his desk—if he’s lucky. He sees … Read more

NFT Craze, Cryptocurrency Boom Mint Korea’s First Two Billionaires From Crypto Industry

NFT Craze, Cryptocurrency Boom Mint Korea’s First Two Billionaires From Crypto Industry

Song Chi-hyung, founder of Dunamu. FILIP PERAIC Two of the largest shareholders in Dunamu, the operator of South Korea’s dominant cryptocurrency exchange, are the first two people in the country from the crypto industry to become billionaires as the value of their startup skyrocketed 21-fold in less than a year. Last week, Hybe, the agency … Read more

crypto currencies: Hope crypto craze is not like Tulip mania and has a softer landing when the froth corrects: Viral Acharya

crypto currencies: Hope crypto craze is not like Tulip mania and has a softer landing when the froth corrects: Viral Acharya

In recent times, perhaps the biggest game changer in financial markets is the emergence of crypto currencies – a medium of exchange which upturns the traditional approach of central banks controlling supply of money in the economy. Given the degree of wealth created for those who have successfully timed their investments in such forms of … Read more

Tungsten cube craze sees crypto traders pay $250,000 for yearly visit to foot-long block

Tungsten cube craze sees crypto traders pay $250,000 for yearly visit to foot-long block

Tungsten cubes are ‘surprisingly heavy’ and offer a ‘great conversation piece’, one vendor claims (Midwest Tungsten)The opportunity to pay an annual visit to a 14-inch (36cm) cube of tungsten has sold for a quarter of a million dollars, after the intensely dense objects became a meme among crypto traders.Despite its relatively small size, the block … Read more

Celebrating with cryptocurrency: Decoding the crypto craze that’s sweeping the country

Financial Express - Business News, Stock Market News

According to Indian crypto trading and exchange platform Unocoin, cryptocurrency is a digital asset based on the network distributed across a large number of computers and is secured by cryptography.By Kunal DoleyAmid the cryptocurrency craze sweeping the country, Bollywood megastar Salman Khan has become the latest celebrity to join the virtual or digital currency bandwagon. … Read more

Shiba Inus or Squids? Crypto investors ride latest craze, fanning bubble debate

Shiba Inus or Squids? Crypto investors ride latest craze, fanning bubble debate

The Shiba Inu (SHIB-USD) digital coin has risen from obscurity (or meme status, depending on who you ask) to become the hottest trade in cryptocurrency. Already, wild stories have emerged about small investors making a fortune on the digital coin bearing the likeness of a canine. For the uninitiated, Shiba Inu should not be confused with … Read more

‘Meme’ coin seeks to tap crypto craze with London ad barrage

‘Meme’ coin seeks to tap crypto craze with London ad barrage

A digital token named after Elon Musk’s dog has launched a major advertising campaign on London’s public transport system, funded by a “tax” on new buyers. Adverts with the slogan “Missed Doge? Get Floki” have appeared across Underground stations, trains and buses in the UK capital in recent weeks to drum up enthusiasm around Floki … Read more

Major Bitcoin And Crypto Exchange Coinbase Reveals Ethereum NFT Marketplace As Price Craze Continues

Major Bitcoin And Crypto Exchange Coinbase Reveals Ethereum NFT Marketplace As Price Craze Continues

Coinbase, one of the largest U.S. bitcoin and cryptocurrency exchanges and a major crypto on-ramp, has announced it’s launching a marketplace for non-fungible tokens (NFTs). Don’t miss: What (or who) is driving the crypto market in 2021 and beyond? Tune in to Forbes’ free Crypto Codex Live webcast on October 14 at 2:00pm EDT and get ahead of the market NFTs, … Read more