Digital Currencies incl NFT etc. 02; (Apr 21 - Feb 23)

[winston]

People Are Taking Out Loans Against Their NFTs—And Defaulting

The endless search for profit is spawning increasingly ridiculous schemes centered on the financialization of NFTs.

By Edward Ongweso Jr

Source: Vice

https://www.vice.com/en/article/v7e58j/ ... defaulting

[behappyalways]

The New Bitcoin ETF Just Did Something No Other ETF Has Ever Done
https://www.zerohedge.com/crypto/retail ... rt-trading

[winston]

Crypto values hit record US$2.7tn

That's a climb of about US$200 billion from the last high in May for a sector that now spans almost 10,000 coins.

Ether - the largest token after bitcoin - rose as much as 3.3 percent yesterday, to within striking distance of its highest value of almost US$4,400 achieved in May.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... d-US$2.7tn

[behappyalways]

EverGrow Coin: Another Potential 100x Coin Like Shiba Inu and Dogecoin Set to Dominate The Crypto Industry, Reaches 30K Holders
https://markets.businessinsider.com/new ... 1030895565

[behappyalways]

The Single Best Investment Of All Time? From $8000 To $5.7 Billion In 14 Months
https://www.zerohedge.com/crypto/single ... -14-months

[winston]

'I Lost Everything': How Squid Game Token Collapsed

By Connor Sephton

Source: Alexandria

https://coinmarketcap.com/alexandria/ar ... -collapsed

[behappyalways]

Coin worth US$0.00004893 highlights crypto's wild decimal frontier
https://www.theedgesingapore.com/news/c ... l-frontier

[winston]

India seeks to block most cryptocurrencies in new Bill

The central bank has voiced "serious concerns" about private cryptocurrencies and is set to launch its own digital currency by December.

Industry estimates suggest there are 15 million to 20 million crypto investors in India, with total crypto holdings of around US$5.39 billion.

The government has changed its stance slightly and is now looking to discourage trading in cryptocurrencies by imposing hefty capital gains and other taxes.

Source: Reuters

https://www.businesstimes.com.sg/bankin ... n-new-bill

[behappyalways]

Colombian entrepreneur creates cryptocurrency to cut export costs for selling bugs to Japan
https://m.youtube.com/watch?v=o5gaHv3V1K0

[behappyalways]

Bitcoin offers no refuge from Covid market rout
https://www.theedgesingapore.com/news/c ... arket-rout