NFTs are in Vogue Readers of the high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover of Vogue’s September issue will feature QR codes allowing readers to sign up for an auction of two one-of-a-kind “virtual-only covers.” While Vogue has revealed that the auction will take place in September, the publication has yet to reveal the exact date of the auction. "Triumphant Awakening," the first of the animated covers up for auction, depicts a gold statuette in front of a blue planet encircled by a rising …

Bitcoin (BTC) may be the last thing one might consider when thinking about ways to ensure a clean-energy future. This has especially become the case following a tweet sent by tech entrepreneur Elon Musk back in May, in which he stated that Tesla would stop accepting BTC payments due to the increasing usage of fossil fuels for mining. Yet raising awareness around the high energy costs typically associated with Bitcoin mining didn’t negatively impact the crypto ecosystem — in fact, it did just the opposite. Following Musk’s tweet, a number of cryptocurrency mining companies came out of the woodwork to …

Momentum in the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin (BTC) price to $46,700 and Ether (ETH) price to $3,150 on Aug. 9. The growing optimism has also translated into a bounce in dog-themed memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by more than 55% over the past three weeks. Dog-themed meme coins caught fire earlier in the year after Dogecoin became the altcoin of choice for influencers like Elon Musk and Mark Cuban. Ethereum co-founder Vitalik Buterin further rocked the boat on May …

NFTs boom might be over, but the unique digital assets are not going anywhere. According to a recent Fortune report, non-fungible token platforms, along with DeFi, are now venture capitalists’ favorites. VC tycoon Andreessen Horowitz, for instance, recognizes that “that crypto is more of an architecture and operating system, and that all kinds of products and services can be built on top of" it. The company also invested in the leading NFT marketplace OpenSea, which is a very vivid sign for the NFT community. But even if you’re not an artist or a musician, you can still make a living …

A combination of multiple indicators tracking Bitcoin (BTC) on the blockchain could continue the benchmark cryptocurrency’s price rally further into 2021, popular on-chain analyst Willy Woo anticipates. In his recent newsletter, the market researcher wrote that he expects Bitcoin prices to reach the $50,000–$65,000 range in the coming sessions. His comments appeared as BTC/USD reclaimed its three-month high above $42,600 only days after crashing below $30,000, the pair’s psychological support level. “My expectation is similar to BTC at $20k all-time-high in January, where the price is pinned close to the $40k-$42k ceiling over a period of days (2 weeks maximum) …

Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss, however, based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly one billion dollars more from Bitcoin than it spent. Along with CEO Michael Saylor’s fervent belief in Bitcoin, that may be why it’s resolved to add more Bitcoin to its reserves going forward. The report stated: “We continue …

Electric vehicle and clean energy firm Tesla has reported $1.14 billion in net income for the second quarter. The firm’s Monday earnings report showed that total revenue grew by 98% year-on-year for Q2, increasing from $6 billion in 2020 to $11.9 billion this year. Tesla attributed the bulk of its growth to a surge in demand for its electric vehicles, stating: “In the second quarter of 2021, we broke new and notable records. We produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0%, and exceeded $1B of GAAP net income for the first time in our history.” …

Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets. Sentiment-driven analysis from The TIE and eToro USA reveals the extent to which Musk and Saylor impacted Bitcoin (BTC) values in the second quarter. The results were presented in eToro USA’s quarterly report, titled “The True Value of Influence.” Elon Musk On average, Musk’s Bitcoin tweets were followed by a 1.6% decline in BTC’s price over the proceeding 24 hours, the report showed. However, Musk’s Bitcoin-focused tweets …

The price of Bitcoin (BTC) has surged more than 10% over just a few hours earlier today, with prices quickly surging from roughly $35,000 to tag just shy of $40,000 on Monday. Price action shows a violent short squeeze that occurred as prices broke above $35,000, with bullish momentum suddenly accelerating as prices quickly rallied 15% from roughly $34,000 to $39,800 over the course of less than three hours. And folks, we have our squeeze. https://t.co/Lflcp7MZuw — Willy Woo (@woonomic) July 26, 2021 By contrast, BTC had taken the past five days to gain from roughly $30,000 to $34,000. As …

For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often. With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible. Through these blockchain-enabled digital assets, the artist cannot only maintain ownership of a piece of the art they produce …

This Friday’s weekly Bitcoin (BTC) options expiry currently holds $330 million in open interest. Considering the recent struggle to regain the $32,000 support level, this event is an important test of bulls’ willingness to display reversion signs. On Wednesday, Alameda Research announced that it had made Bitcoin purchases below $30,000, and Sam Trabucco, the firm’s quantitative trader, mentioned that the narrative for BTC could turn bullish because of the ongoing fear, uncertainty and doubt (FUD) caused by the China BTC mining ban, Grayscale GBTC unlock and recovery in stock markets. The chart above shows that the current downtrend channel, initiated …

Bitcoin (BTC) circled $32,000 on Thursday after excitement over fresh comments by Elon Musk resulted in the strengthening of support. BTC bulls regroup at $32,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday hours after Musk joined others in praising Bitcoin during a conference panel. As Cointelegraph reported, Musk’s words came over broadly positive and less critical than many had assumed they would be — this, in turn, led to a brief price surge that topped out above $32,800. Thereafter, familiar resistance kicked in, and $32,400 once more became the level …