BEEPLE HAS ONCE AGAIN SOLD HIS LATEST METAVERSE NFT FOR $24 MILLION

December 14, 2021

TL:DR

Happy Tuesday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

MARKETS

▲ Bitcoin

$47,066.84

+59.88%

▲ Ethereum

$3,789.91

+417.52%

▲ Cardano

$1.23

+595.94%

▲ Solana

$154.54

+8246.68%

▲ Binance

$526.97

+1284.51%

*Cryptocurrency data as of Monday at 7:32 PM PST. YTD% Average

Weekly Review

Last week’s market performance

The bear market continues. Through almost the entire week, bitcoin floated around $48,000 to $50,000. Experts suggest the bear market may continue for a while, whereas others say this is a temporary correction. Whatever the case, maybe, it’s undoubtedly the HODL-season! The same trend can be observed with alt-coins, most of which are struggling to survive.

Technology

You can now pay with Shiba Inu at Travala.com

Last week saw another win for the ‘Shiba Army’ as Travala.com, one of the world’s most popular travel website that offers more than 3 million products, has announced to list Shiba Inu among its list of 77 other cryptocurrencies through which its customers can pay for hotel bookings, flights, and travel products.

TRIVIA

The logo of this blockchain consists of 6 circular dots arranged hexagonally with a number of smaller dots branching away from them.*

A. Cardano B. Polkadot
C. Solana D. Fantom

Answer Below.

Finance

CEO of Goldman Sachs says ‘Blockchain’ is more important than Bitcoin

It looks like the people who are unfamiliar with bitcoin keep on coming. Last week David Solomon, the current CEO of one of the world’s most leading financial institutes, Goldman Sachs, bet big on blockchain, the technology that makes bitcoin possible. He believes it is instead the blockchain technology rather than bitcoin for bitcoin’s success. He also believes blockchain will change the future of the internet.

Politics

CIA has several crypto projects going on, says Director

Well, something many did not expect happened last night. While talking at the Wall Street Journal CEO Council Summit, the current director of CIA claimed the agency has several crypto-related projects underway. If the CIA does not catch up now, there is a good chance it will be left quite far behind from the technology. However, the director did not announce the number of crypto projects nor if some of them were released or not.

World Policy

Australia is going all for cryptocurrencies, say’s the Australian Treasurer

Many didn’t see this coming, but as it turns out, Australia is quite crypto-progressive, and the government wants to adopt cryptocurrencies. Josh Frydenberg, the Australian Treasurer, said we want to firmly place Australia amongst the handful of crypto-leading countries. Thus, the government will soon announce several crypto projects and launch its own Central Bank Digital Currency (CBDC).

Coin Market Calendar

Date	Project	Website
12/09	XY Finance	$XY
12/13	Geopoly	$GEO
12/13	The Spartans	$TSP
12/14	Colony	$CLNY
12/14	Nitro League	$NITRO
12/14	Totem	$CITIZEN
12/16	Safle	$SAFLE
12/16	UNQ Club	$UNQ

Connect to our shareable calendar here.

Finance

Looking at the growing demand, Payment giant Visa launched its crypto advisory service

As the world of cryptocurrencies is ever-growing, Visa, the famous payments service giant, wants to cash in and help the sector grow. Visa has announced the launch of its ‘global crypto advisory services’ that comprises employees with ample knowledge & experience in cryptocurrencies. The service will be offered to governments, angel investors, and financial institutes that are looking to expand their portfolios.

Metaverse News

OpenSea, one of the largest NFT marketplace, halted its plans to go Public

A little drama was unveiled in the world of cryptocurrencies last week, as the world’s largest NFT marketplace, OpenSea, hinted towards going public and offering its IPO. Netizens, especially on Twitter, went entirely against it as their concern was that OpenSea should not put the marketplace in the hands of some giant institutes, and instead asked for ‘community governance’. OpenSea responded saying it doesn’t have any plans to offer an IPO in the near future, and if any decision is made, the community will be taken into consideration.

NFT News

Beeple once again made it to the headlines as he sold HIS latest Metaverse NFT for $24 million

Beeple, the Picasso of NFTs, once again sold an expensive digital artwork for a price tag of $24 million. Earlier on 11 March 2021, Beeple sold the world’s most costly NFT for $69.3 million, which is also amongst the world’s most expensive artwork to ever be sold. The new artwork is named ‘Human One’, which will live in a Metaverse world and will mature as technology changes.

TRIVIA ANSWER

A. Cardano

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.