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On Thursday evening, the Citadel CEO placed the winning bid in a $43.2 million auction to acquire what is one of the 13 surviving original copies of the U.S. Constitution. Griffin, a well-known art collector who sits on the boards of the Museum of Contemporary Art in Chicago and New York’s Whitney Museum of American Art, now plans to loan the artifact to the free-admission Crystal Bridges Museum of American Art in Bentonville, Ark., founded by Walmart heiress Alice Walton. “The U.S. Constitution is a sacred document that enshrines the rights of every American and all those who aspire to…

At the tender age of 27, Yunfan “Chandler” Song is living the dream. The UC Berkeley grad and ex-Amazon software engineer is now the high-flying CEO of Ankr Network, which has quickly become one of the cryptocurrency world’s hottest startups. Apart from Ankr, Song is also the cofounder of NFT auction platform Bounce; in 2019, he was named to Forbes’ annual “30 under 30” list as one of their “Big Money” startup founders. Those accolades have brought the millennial entrepreneur fame, at least within the crypto community, fortune and fancy cars. Now they’ve also bought him a $12 million house in one of L.A.’s most…

The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage. Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million. The benefits of such tokens, according to LoanSnap, are lower mortgage rates, faster loan approvals, and greater flexibility around repayment terms. The explanation being that as the blockchain can permanently record information like applicant credit score, debt-to-income ratio, and home value, the need for verification through middlemen is eliminated—in turn reducing the cost and…

Solana’s sol token rallied today, climbing as the digital currency benefited from a broader recovery in cryptocurrencies. At this point, the cryptocurrency was up nearly 18% from its recent low of $186.75 that it reached yesterday on Messari. The sol token experienced these gains after bitcoin bounced off support above $55,000 and many altcoins (cryptocurrencies other than bitcoin) followed the world’s most prominent digital currency higher, CoinMarketCap figures show. At the time of this report, sol was up more over the last 24 hours than any of the other top 10 digital currencies on CoinMarketCap, as ranked by total market…

When New York’s teams play someday at the soon-to-be named Crypto.com Arena in Los Angeles, their fans and players who live in the Empire State will be able enjoy all the stadium has to offer, except for one thing: its sponsor’s services. Like a number of popular cryptocurrency brokers and wallets, digital-currency company Crypto.com doesn’t offer services to residents of the state of New York. The state’s financial-services regulator in 2015 adopted rules for a special license for “virtual currency” firms, known as a BitLicense, and Crypto.com isn’t listed as having one. The same goes for playing the Miami Heat…

CoinGate, a crypto payment service platform, has announced that Shiba Inu (SHIB) has now been integrated as its newest cryptocurrency. Every CoinGate user, from merchants to traders or purchasers of crypto, can now accept, trade, buy, and spend the meme coin. Firstly, SHIB token’s integration into CoinGate services means that more than 500 CoinGate merchants can accept Shiba (SHIB) payments from their shoppers. Secondly, Shiba’s integration into CoinGate’s trading system allows users to buy SHIB at a 1% rate. Lastly, with the Shiba (SHIB) token integrated into GoinGate’s gift card store, CoinGate becomes one of the few crypto gift card…

United States banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully completed a massive cross-industry cyber security drill that aims to ensure Wall Street knows how to respond in the event of a ransomware attack that threatens to disrupt a range of financial services. The developments highlight the growing threat large-scale cyber incidents pose to financial stability. “The financial services industry is a top target, facing tens of thousands of cyberattacks each day,” said Kenneth Bentsen, CEO…

Cryptocurrency market indicators such as average bitcoin funding rates, inflows into crypto investment products and the ratio of old-to-new coins being sold suggest a near-term consolidation for the sector and lower odds of a year-end rally bitcoin bulls are predicting. Bitcoin rose 1.6% on Friday to $57,850.56 but was on track for weekly losses of over 11%, its worst week since May. It is 16% lower than its Nov. 10 record high of $69,000. Ether , the second-biggest cryptocurrency by market value, was 14% off of its peak at $4,202.45. Market participants cited profit-taking after bitcoin hit those highs, its…

It is not only seasoned investors but also youngsters from small towns and cities who are inquisitive about cryptocurrencies. The extraordinary returns have made virtual tokens increasingly popular as a new investment avenue. Consider this: Bitcoin, the oldest and largest virtual token, has given a return of 91 per cent since the start of this year. It is currently trading at $56,116.77. Similarly, Dogecoin, a new-age meme coin, has given as high as 3785 per cent return since the start of 2021. Lured by such high returns many people tend to fall for wrong schemes and coins in the chase…

Two Bansky artworks were sold for 3,093 ethereum (ETH) – or over $12m (£9m, €10.6m) – on Thursday night at Sotheby’s auction house in New York City, owned by Sotheby’s Holdings (BID), in yet another sign that using cryptocurrencies for payment is becoming more mainstream. The auction was the first event ever where bidders were making their offers in cryptocurrencies. Two paintings by pseudonymous England-based street artist Banksy, Trolley Hunters and Love is In The Air (2006), were on offer. Sotheby’s has been accepting crypto payments since May 2021, but this was the first time Ether had been used as payment at the British-American auction house. https://twitter.com/Sothebys/status/1461492388078268420?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1461492388078268420%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcapital.com%2Fbansky-art-sold-for-eth-3093–in-sotheby-s-auction While contemporary artists like…