Bitcoin News and Finance: What You Need to Know

The critically acclaimed rap phenomenon Marshall Mathers, professionally known as Eminem has revealed he is jumping into the non-fungible token (NFT) collectibles game. Eminem is auctioning three types of NFTs via Nifty Gateway and each design was created by the hip-hop legend. Slim Shady Enters the NFT Fray Week after week, the NFT universe continues to grow larger and a great number of celebrities are joining in on the NFT bandwagon. The space has continued to swell with a myriad of different NFT projects, concepts, and marketplaces. Bitcoin.com has reported on a number of popular projects and luminaries minting non-fungible token collectibles like actress Lindsay Lohan , Kansas City Chiefs quarterback Patrick Mahomes, the Tampa Bay Buccaneers Rob “Gronk” Gronkowski’s NFTs, Tom Brady’s Autograph project , Topps Garbage Pail Kids and Baseball cards, Annoying Orange NFTs, and NFT collectibles by Kenyan filmmaker Rich Allela. Now the multi-platinum recording artist and ofte...

Today, April 26th, 2021, the virtual gallery of OVR.ai was inaugurated to showcase artists working with non-fungible tokens (NFT) and beyond. Considering the hype around the NFT phenomenon this year and also given that the Coronavirus pandemic prevents most artists from exhibiting works in museums and participating in exhibitions, as well as also people from being able to visit art galleries, the company OVR decided to introduce a museum in its blockchain-based virtual world, allowing the top artists in the field to exhibit their NFTs. Starting today, it is possible to download the OVR app (available on both Android and iOS) and visit this section of the virtual world dedicated to art. The NFT Artists of OVR Among the artists exhibiting their Non Fungible Tokens today for the opening of OVR’s gallery is Italian artist Giovanni Motta , born in 1971, who has just opened his solo exhibition in Shanghai, selling out before the opening. Motta will have a dedicated gallery on OVR, as...

Bill Miller, the founder and chief investment officer of Miller Value Partners, does not think bitcoin is a bubble. Instead, he said it is at the beginning of mainstream adoption. Remaining bullish on the cryptocurrency, the famed value investor explained that bitcoin’s price will rise as the demand for the crypto is growing faster than its supply. Bill Miller Bullish on Bitcoin Longtime value investor Bill Miller is the founder of Miller Value Partners and currently serves as the chairman and chief investment officer. He is also the co-portfolio manager for Opportunity Equity and Income Strategy funds. Prior to Miller Value Partners, he co-founded Legg Mason Capital Management. He was asked in an interview with CNBC last week whether there is a lot more upside to the price of bitcoin. Miller replied: “There are many many different ways to look at bitcoin. The simplest way is just the supply and demand.” Emphasizing rising institutional interest in the cryptocurrency as it enters ...

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, is still worried about governments outlawing bitcoin and other cryptocurrencies. “If cryptocurrencies become successful, most governments will outlaw them, because they don’t want to lose their monopoly,” he said. Jim Rogers Still Worried About Government Banning Bitcoin Renowned investor and George Soros’ former business partner who co-founded of the Quantum Fund and Soros Fund Management, Jim Rogers, still believes that the government can ban bitcoin and other cryptocurrencies. Noting that he “never bought or sold any cryptocurrencies,” Rogers told Kitco News’ Michelle Makori last week: If cryptocurrencies become successful, most governments will outlaw them, because they don’t want to lose their monopoly. “Every government in the world is working on computer money now, including the U.S. The Chinese are there already. I cannot imagine that governments are going to say ‘ok, th...

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish Crypto Exchange Being Investigated Following the alleged exit scam pulled by cryptocurrency exchange Thodex, another crypto trading platform is being investigated by Turkish authorities, the state-run Anadolu news agency said Friday. Vebitcoin, a Turkey-based crypto trading platform, became the second crypto exchange to face troubles within about a week after the country’s central bank banned crypto use for payments. Vebitcoin posted a notice on its website on Friday stating: “Due to the recent developments in the crypto money industry, there was a much higher density in our operations than expected. We would like to state with ...

Bitcoin prices have dropped below the $50k region during this week’s trading sessions sinking to a low of $47,555 on Friday. The popular creator of the stock-to-flow (S2F) bitcoin price model, Plan B has discussed the recent price dip and stressed that “nothing goes up in a straight line.” Plan B believes this price drop might be a “mid-way dip,” similar to the crypto bull runs in prior years. ‘Looks Like the Mid-way Dip,’ Says Plan B During the first week of March, Bitcoin.com News reported on Plan B’s popular but also controversial stock-to-flow (S2F) price model . In that report, Plan B was very confident and BTC ’s price surpassed the model by 26%. People believe that the S2F price model predicts bitcoin’s price reaching six-digit price ranges in the future. Since that report in March, however, BTC ’s price has dropped -26.72% after the crypto asset’s all-time high of $64,895 per unit. Plan B doesn’t seem phased by the drop and after prices fell, the S2F creator consoled hi...

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while only “using a tiny fraction of the energy.” Ripple Cofounder Believes Crypto Networks Leveraging Proof-of-Work Should Consider Alternatives While the global economy struggles after a year of Covid-19 lockdowns and business shutdowns, a great number of people are very interested in tackling climate change. Ripple Labs cofounder Chris Larsen has written a blog post about the environment and why the crypto industry should reconsider leveraging PoW. Larsen believes that if the Bitcoin ( BTC ) network’s verification model doesn’t get addressed, then at some point, it will lose out to a crypto asset network that does. “With more ind...

On May 3, tokens stemming from the Chia network, a smart transaction blockchain created by the Bittorrent creator Bram Cohen, will start trading and transactions will be fully enabled. Rather than leveraging the proof-of-work consensus algorithm, Chia will utilize a model called proof-of-space which relies on storage. With Chia’s transactional launch pending, the project has sparked shortages over the demand for hard drives and solid-state drives (SSDs). Chia Network Fuels High-End Hard Drive and SSD Shortages Bram Cohen , the inventor of the popular torrenting application Bittorent has created a cryptocurrency that’s set to launch next month. Because Cohen is behind the Chia project , the pre-stages of the digital currency network have seen significant exposure since Chia was announced. Chia’s team believes that the project can allow anyone the ability to verify transactions without being dependent on “single-use hardware or a big electricity bill.” Chia released the project’s Bus...

A Kenya-based digital media company, Picha Images, is reportedly set to hold one of the first non-fungible token (NFT) auctions in Africa. The auction event, which is set to be held between April 26 through May 3, 2021, will initially feature the works of Rich Allela, the award-winning photographer and filmmaker from Kenya. Perpetual Royalties According to a report , in return for purchasing the NFTs, the buyers will get a “hacker-resistant proof of ownership of a digital piece of art.” Inversely, the NFTs give artists, who have been getting “a raw deal,” a chance to earn more. Meanwhile, in its own statement, Picha Images claims the creation of NFTs shows that the company is “placing the wellbeing of their creative artists first by exposing them to a way to secure their work, maintain the copyrights to their creations and earn royalties in perpetuity.” NFTs Empower Artists On the other hand, Allela is quoted commending Picha Images, which harnesses artificial intelligence...