Try being Janet Yellen. Yes J-Yell, the new U.S. Secretary of the Treasury, certainly has her hands full. She is attempting to convince investors that printing gobs of money is non-inflationary and also convince global nations joining the U.S. in raising taxes is really good for them.
A little over a month ago a blockchain company, called Injective Protocol, bought a valuable piece of Banksy artwork from a New York gallery..............AND BURNED IT.
FTX, a digital assets derivatives exchange, just became the first cryptocurrency exchange to sponsor a professional sports arena in the United States.
A lot of people are beginning to use a Bitcoin ATM and those devices are popping up at more and more locations at very rapid pace.
While crypto art has been around in various forms since 2015, the medium made a huge splash last week at Christie’s in New York as “Everydays: The First 5,000 Days” by Beeple sold for $60.25 million at auction, which cost the buyer $69 million when Christie’s buyer’s premium is included. That makes “Everydays” as the most valuable piece of digital art to be sold at auction thus far.
Just last week the rock band Kings of Leon released their latest album in the form of a NFT, becoming the first band to ever do so.
JP Morgan Chase has tested blockchain payments between orbiting satellites (yes, in space) to demonstrate how digital devices might use technology behind virtual currencies for transactions. In other words, telling your creditors you were abducted by Martians and couldn't pay your bills ain't gonna fly.
After a busy 2020, TAMPs are making a splash again in 2021.
The development and maturation of fintech continues to accelerate, but it was a particularly eventful week in the universe of fintech-related ETFs and funds.
If Robinhood’s “Payment for Order Flow Revenue Model” is responsible for anything, it is for driving innovation and helping bring industry-wide brokerage commissions down to zero so that retail investors can trade commission free.