Non-fungible tokens (NFT) could soon be worth trillions. NFT market will grow at a compound annual growth through 2022. While this news is certainly exciting, it’s important to remember that the financial markets are still a key driving force behind blockchain innovation. The NFT market is one of the most exciting, and undervalued, markets in … Read more
Bitcoin dropped below $22,000 on Tuesday morning as investors pulled out of the cryptocurrency in anticipation of an interest rate hike from the Federal Reserve tomorrow. Bitcoin dropped to lows of $20,950, according to data from CoinMarketCap,This isn’t the first time bitcoin has taken a tumble. In fact, it’s endured a number of plunges in … Read more
Gemini, Coinbase, and Crypto.com have all announced workforce cuts, while crypto lending platform BlockFi yesterday said it would be forced to “significantly” reduce its staff due to the current market conditions. It’s been a tough few weeks for the cryptocurrency market. Bitcoin and other major cryptos have seen their prices decline significantly. In what has … Read more
First, the company’s CEO, Michael Saylor, is a big believer in Bitcoin and its potential as a store of value. Microstrategy is one of the largest publicly traded business intelligence companies. In 2020, the company made a large investment in Bitcoin, buying 21,454 BTC for $250 million. This was not a one-time purchase, but rather … Read more
