The blockchain is proving to be a revolutionary concept in the global market. Financial services, fintech, agriculture, and healthcare have all seen its influence. By making cryptocurrency a safe and secure place, it has driven the idea of cryptocurrencies.
Author: BlockchainJournal
In the recent market updates and developments, Decentralized Finance (DeFi) tokens have performed exceptionally well. Yearn.finance and Eos have topped the list, as their prices soared in the spot market on Tuesday. On the contrary, Bitcoin and Ethereum, being the big guns, rose a bit higher than others.
The e-commerce giant, Ebay Inc. announced on Tuesday, 11 May 2021 that it has allowed the sale of Non-fungible tokens (NFTs) on its platform. These digital collectibles include cards, images or video clips. By taking this step, in line with the evolving ecommerce business, EBay becomes the first e-commerce company to allow trade in NFTs.
There has been a lot of fuss about Dogecoin, which was started as a meme back in 2013. However, its recent success and constant support from the likes of Elon Musk has attracted many worldwide traders and investors.
Tesla and SpaceX owner and Billionaire, Elon Musk has recently announced the launching of a space mission next year. The mission will be held under the banner of SpaceX and will be completed paid for in Dogecoin.
The ever innovative, expanding and emerging giant, NewsCrypto, has forged a partnership with CipherBlade, the world’s number one blockchain investigation agency. This sends out a clear message of its intention to become a big player in the crypto space.
There are a huge number of crypto-assets in the market. The rise of a multitude of cryptocurrencies is a bellwether of a genuinely interested masses. But not all of them can be perceived legitimate.
Sotheby’s the popular auction house, announced on 4 May, 2021 that it will accept bitcoin and ETH for the upcoming auction of Banksy’s “Love is in The Air.” Sotheby’s CEO Charles Stewart told CNBC this breaking news, raising expectations that the company aims to go big in the crypto space.
Ever since Bitcoin has sparked outrage in the global economic structure, many cryptocurrencies have been fancied by investors. Every now and then, any crypto propels its way out of the lot and experiences a major upsurge in worth. However, the likes of Bitcoin and Ethereum have stabilized their position as the top two cryptocurrencies in the world.
In the recent pump, Ethereum has broken past the big dogs of the crypto market. Evading the $3,000 mark, Ethereum is strongly posed as the second biggest cryptocurrency in the world. The rise of Ether came as a major shock to the investing sector.