Author: Staff Writer
Inevitably, a book about NFTs, blockchain technology and cryptocurrency could not be completely of-the-moment upon completion. Record-breaking sales for NFTs and the value of cryptocurrency are ever changing. Marc Beckman spells all that out in his new book “The Comprehensive Guide to NFTs, Digital Artwork and Blockchain Technology.” As founder of DMA United and co-chair of New York University’s Stern School of Business Luxury and Fashion Council, the author has written a primer, which also speaks to how fashion, art, sports and social justice can take advantage. Illustrated with NFTs and photos of digital-savvy personalities like Takashi Murakami and Steve Aoki, the page-turner highlights…
One of South Korea’s biggest conglomerates with roots firmly in traditional industries is taking a leap into the unknown with its next target for growth: the metaverse. SK Square Co., the investment arm of the massive SK Group spun off into its own stock last month, wants every portfolio company to have a metaverse presence, Managing Director Huh Seok-joon, 48, said in an interview. Their customers should be able to use cryptocurrencies for shopping, streaming media and other transactions with the metaverse community, he said. Corporations the world over are laying bets on the metaverse, an envisioned virtual environment where people…
Abu Dhabi state fund Mubadala has invested in the ecosystem around cryptocurrencies, such as block-chain technology, given the increase in the digital currency’s market value, its CEO Khaldoon al-Mubarak told CNBC in an interview. “I think, you know, this is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a half trillion dollars today and growing,” Mubarak said. “So I think while many people are sceptics, I don’t fall in that category.” Mubadala has $243 billion in assets. Mubarak did not give any indication of how much the fund would spend,…
Once people, institutions, and governments start realizing how scarce Bitcoin is, a whole new level of FOMO will ensue. Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable. The Bitcoin network, the only form of digital cash that manages to solve the double-spending problem in a properly distributed and trustless manner, enforces a supply cap of 21 million coins through…
The Securities and Exchange Commission has a lot to tackle. Pressure is growing for companies to reduce the environmental impact of their businesses, and to be more transparent about what they’re doing. But what rules should be put in place, and how should they be enforced? Meanwhile, cryptocurrencies have surged in popularity—but what should be done to protect investors? To answer those questions, SEC Chairman Gary Gensler spoke with Darren Everson, a Wall Street Journal deputy chief news editor, at the Journal’s CEO Council Summit. Here are edited excerpts of the conversation. Climate risks MR. EVERSON: Let’s start with climate-risk disclosure.…
Deputy minister in the Prime Minister’s Department Eddin Syazlee Shith said new laws to control cryptocurrency trade were also difficult because there was no decentralised body. “The nature of cryptocurrency or Bitcoin is that it is difficult for us to control due to its decentralised nature,” he told Dewan Rakyat. Eddin Syazlee replied that the Securities Commission (SC) had classified cryptocurrency as a form of security and offered guidance to investors to understand the risks and nature of investment. Last year, the government had reportedly said that cryptocurrencies would not be banned. “It is not the intention of the authorities…
Bitcoin rose on Sunday to reclaim levels above $50,000.The world’s biggest and best-known cryptocurrency gained 2.11% to $50,445.34 at 1803 GMT on Sunday, adding $1,044.80 to its previous close. Bitcoin is up 81.9% from the year’s low of $27,734 on Jan. 4. Ether , the coin linked to the ethereum blockchain network, rose 0.26% to $4,100 on Sunday, adding $10.78 to its previous close.
When the euro began circulating in 1999, the new currency was weak. Or it was at least weak in terms of the dollar. Soon enough a dollar was exchangeable for 1.2 euros. So rapid was its decline that Goldman Sachs GS -1.4% introduced an investment vehicle whereby its high-net-worth clients could expose themselves to a euro rebound. Eventually the euro did rebound. In the 2000s the dollar began an ugly decline. Soon enough the euro was buying 1.2, 1.3, and more dollars. This and more is useful to consider in light of the rollout of cryptocurrencies called “stablecoins.” Here’s how a “stablecoin” is…
In a recent interview with The Verge, The Matrix Resurrections stars Keanu Reeves and Carrie-Anne Moss were asked their opinion about the NFTs created for the upcoming film, which proved so popular that they temporarily crashed the website on which they were sold. Reeves, however, couldn’t contain himself – his response was to burst out laughing at the mere mention of NFTs, the very notion of digital scarcity. And it wasn’t just a polite chuckle – the restrained star let out an uncharacteristically loud cackle, after responding: “They’re easily reproduced.” For those who have remained blissfully unaware of the existence of NFTs, the…
Bitcoin is an investment in a better future, but there are plenty of opportunities to use your Bitcoin to make positive impacts today. Donating Bitcoin to charitable organizations can be an excellent strategy for making a difference while reducing your overall tax burden. I’ve personally donated Bitcoin to charity before, and I intend to do so again. However, there are some points to consider before your gift is signed, sealed, and delivered. Here’s a short primer to using your Bitcoin for philanthropic purposes. Stop and Think Before You Sell Once you decide to donate, your first instinct might be to…