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In March 2021, a 1961 oil painting by VS Gaitonde was sold for over $5 million, making it the highest price ever sold for Indian art. That same month, auction house Christie's sold its first digital artwork for $69 million. This not only set a record, but also made blockchain applications called NFTs instantly popular. NFTs, or non-fungible tokens, are unique digital items stored on blockchain, the same network that runs cryptocurrencies. Anything digital can be converted into NFTs and monetized, including images, videos, music, and even the online version of this article. NFTs are certificates of authenticity rather than…
Aseem Gujjar & Partha Sinha | TNN In March 2021, a 1961 oil painting by VS Gaitonde sold for more than $5 million, becoming the most expensive Indian art ever sold. That same month, auction house Christie's sold its first digital artwork for $69 million, not only setting a record but also instantly popularizing blockchain applications known as NFTs. NFTs (Non-Fungible Tokens) are unique digital items stored on the blockchain, the same network that runs cryptocurrencies. Anything digital can be turned into an NFT and monetized: images, videos, music, and even the online version of this article. NFTs are not…
Encryption has come under heavy criticism from the founders of messaging app Signal. Swiss bank UBS mentioned the flaws in a client note, a sign that investors are taking notice. Technical experts said cryptocurrencies are in fact highly centralized, with their users focused on money rather than infrastructure. Thank you for subscribing! Access your favorite topics on the go with your personalized feed. Download the app By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking “unsubscribe” at the bottom of our emails.…
If you had invested Rs 100,000 in Bitcoin a year ago, its value would have been close to Rs 1,700,000 today, even though it has fallen nearly 30% from its all-time high. By comparison, the same investment in sensex would have increased to around Rs 1.2 million. Despite the extreme volatility and lack of regulation, more Indians are investing in cryptocurrencies. However, this trend is not only due to the potential for high returns. Some dabbled in cryptocurrencies to bet on blockchain technology, while others were attracted by well-designed trading apps. TOI spoke to young crypto investors to understand their…
MUMBAI: If you had invested Rs 100,000 crore in Bitcoin a year ago, its value would have now been worth almost Rs 1.70 crore, even though it has fallen nearly 30% from its all-time high. By comparison, the same investment in sensex would have increased to around Rs 1.2 million. ExpandingDespite the extreme volatility and lack of regulation, more Indians are investing in cryptocurrencies. However, this trend is not only due to the potential for high returns. Some dabbled in cryptocurrencies to bet on blockchain technology, while others were attracted by well-designed trading apps. TOI spoke to young crypto investors…
If you had invested Rs 100,000 in Bitcoin a year ago, its value would have been close to Rs 1,700,000 today, even though it has fallen nearly 30% from its all-time high. By comparison, the same investment in sensex would have increased to around Rs 1.2 million. More Indians are investing in cryptocurrencies despite extreme volatility and lack of funds regulationHowever, this trend is not only due to the promise of high profits. some people cryptocurrency bet on blockchain technologya well-designed trading app has attracted others. TOI spoke to a young cryptocurrency investor To understand their goals, strategies, and fears…
Crypto markets were in mixed trading early Thursday morning, with Bitcoin and Ethereum little changed but some alternative coins recording gains of more than 10%.Leading the rally among the top altcoins with market caps over $1 billion was NEAR, the token of a rival to the fast blockchain Ethereum, which surged 33% in 24 hours to hit an all-time high of $13.52.As CoinDesk reported on Wednesday, the move comes after decentralized payments network Terra announced it would issue the UST stablecoin on the Near network, pegged 1:1 to the U.S. dollar.”NEAR is [impressive] “This is a scaling solution that outperforms…
Goldman Sachs said blockchain technology must be at the center of the metaverse. It also heralded cryptography as one of the most “disruptive” trends since the early Internet. Goldman said blockchain allows users to securely own and transfer assets between virtual worlds. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app Goldman Sachs said cryptography will be central to the Metaverse, as it will allow people to securely own digital items across different virtual worlds.In a note released Tuesday, Wall Street bank analysts led by Rod Hall heralded blockchain technology as…
At the start of 2021, Elon Musk had the cryptocurrency market under his control.A single tweet about Dogecoin from the Tesla and SpaceX founder caused its price to spike by 50%. For a time, it seemed as though Bitcoin's price movement depended on the opinion of the world's richest man.Musk isn't the only figure to have moved the crypto market for no apparent reason other than an endorsement: From meme coins to NFTs, large swaths of the industry have proven highly responsive to celebrity endorsement.Inspired by Jeff Wilser’s profile of Musk for CoinDesk’s “Most Influential People of 2021” series, we…
Bitcoin fell again on Monday after a weekend crypto sell-off wiped more than $400 billion from the digital asset market. The world's largest cryptocurrency was trading below $50,000 on Monday after surpassing $57,000 four days ago. Analysts said the cryptocurrency is likely to remain volatile as policymakers navigate the next phase of the pandemic. Thank you for your registration! Access your favorite topics on the go with your personalized feed. Download the app By clicking “Sign Up”, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at any time by visiting your settings page or clicking…