Prestigious auction house Sothebys has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sothebys claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on a physical work of art.…
A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry. The primate band called KINGSHIP will put out music, perform in the metaverse and release plenty of NFT collectibles. It takes inspiration from Gorillaz, Damon Albarns cartoon band. Major music…
Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discords founder and CEO Jason Citron tweeted probably nothing accompanied by a screenshot of the apps user settings page that displayed an ETH logo…
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement released on November 10, the central bank starts…
The price of OMG Network (OMG) has plunged 33% from a daily high of $19.35 down to around $13 immediately after completion of the snapshot for an airdrop from the Boba Network. The snapshot of all wallets holding OMG tokens on the Ethereum network and the layer-two Boba Network took place at 12am UTC on Friday. OMG holders at the…
While many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency and wouldnt be able to if it did. Gokal made the comments in response to a Nov.10 Twitter post from the co-founder of venture capital…
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by Moneyweb, Africrypt creditors are set…
You have heard of Bitcoin mining. You were told that it is expensive, complex, likely to kill you and best left to the experts. I assumed the same, that the process required hours of electrical analysis, complicated cash flow models with variable exchange rates and, of course, massive access to capital, space and technical prowess. Mining would never be feasible…
Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as cryptos top dog. Citadel manages over $40 billion of capital a quarter of the trading volume in the US stock market. During this Wednesdays Nov. 10 DealBook summit hosted by The New York Times, Griffith said that he…
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. Were going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents, Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in August, which helps fund municipal…
