Your grandpa probably didn’t like rock. Your dad probably didn’t like hip-hop. Dismissing NFT artworks out of hand reads roughly the same.
Coinbase’s S-1 proves that this really is an institution-led bitcoin rally. Plus: DeFi has big ideas for NFTs.
Bitcoin tumbled below $50,000, before bouncing back some. But not before some $25 million in DeFi loans were liquidated.
Bitcoin, now worth more than most U.S. corporations, first reached “dollar parity” 10 years ago.
Bitcoin and ether continue to rise, but that could create problems for overheated derivatives markets.
Investors may be realizing the same deflationary market mechanisms that apply to bitcoin’s scarcity creates similar opportunities in NFTs.
Also: Did the CFTC “pop” the 2017 bitcoin bubble?
The combined forces of passionate communities with potent tools, and the deepening involvement of institutions, make successful bans less likely.
Recently deceased porn mogul Larry Flynt once said, “Hypocrisy is a detriment to progress.” His story may have something to offer crypto.
Bitcoin’s price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen’s warning that cryptocurrencies are prone to illicit uses.