What Happened: After several conflicting reports over the course of the past few months, India may now move to officially classify cryptocurrency as an asset class.
With so many new cryptocurrency projects hitting the market, it’s important for investors to know what they are holding. A recent example could be the fall of a coin backed by a popular social media influencer.
Dogecoin (CRYPTO: DOGE) co-creator Billy Markus has warned that taking out loans to buy volatile speculative assets such as cryptocurrencies and so-called stonks is “absolutely bonkers.”
Landon Cassill will be the first NASCAR driver to receive his entire paycheck in cryptocurrency, including Bitcoin (CRYPTO: BTC) and Litecoin (CRYPTO: LTC), in a new sponsorship deal with cryptocurrency brokerage platform Voyager Digital Ltd.
What Happened: Fred Ehrsam, co-founder of cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) believes that the era of non-fungible tokens (NFTs) will be short-lived.
The latest public company to tackle the non-fungible token market is Mattel with a planned launch centered on its Hot Wheels brand.
What Happened: Three NFTs from the Hot Wheels NFT Garage Series will go up for auction starting on June 22.
There’s a bloodbath going on in the cryptocurrency markets. In the past two months, the price of Bitcoin (CRYPTO: BTC) has fallen from $63,000 to around $38,000. And over the last month, the price of Ethereum (CRYPTO: ETH) has dropped from $4,200 to current levels around $2,400.