(Bloomberg) — An exceptional year for wealthy Americans, at least in terms of their financial health, just got better. Most Read from Bloomberg Moderna’s Third Dose Boosts Antibodies Against Omicron S&P 500 Has Biggest Three-Day Drop Since September: Markets Wrap Billy Joel NYC Show Going Ahead; Quebec Closures: Virus Update Manchin Outlines Tax, Policy Changes…
The biggest winners and losers of the crypto industry in 2021
The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional interest, and the rise of some faster smart-contract networks — all of which…
Cash grab or innovation? The video game world is divided over NFTs
Gamers are a notoriously skeptical crowd.In 2017, for example, Electronic Arts faced huge backlash over a decision to let players pay to unlock certain characters in its “Star Wars Battlefront II” game.Traditionally, players are required to toil for several hours to access such content.The outcry was so intense that EA eventually walked back its plans…
Meet a 39-year-old ‘crypto guy’ who’s lived in an RV for the past 10 months instead of buying a house and who says it’s one of the only ways to be middle class in America
Nick Vivion (not pictured) has opted to RV full-time instead of buying a house.Elisa Parhad Nick Vivion, 39, bought an RV in February when he couldn’t afford an overpriced house, he said.He said that becoming a nomad living in an RV was one of the only ways to be middle class in the US.What does…
Why SEC Chair Gary Gensler is getting a lot tougher on Wall Street : NPR
Enlarge this image U.S.Securities and Exchange Commission Chairman Gary Gensler testifies before the Senate Banking Committee on Sept.14 in Washington, D.C.Gensler discussed his approach to the job in a recent interview with NPR.Bill Clark/Pool/Getty Images hide caption toggle caption Bill Clark/Pool/Getty Images U.S.Securities and Exchange Commission Chairman Gary Gensler testifies before the Senate Banking Committee…
A millennial NFT investor made nearly $100,000 in 6 months with a virtual car repair shop and a bank in a gaming metaverse that isn’t even live yet | Currency News | Financial and Business News | Markets Insider
A snapshot from The Sandbox virtual metaverseThe Sandbox 37-year-old Robert Doyle made just under $97,345 in six months from virtual assets based in Polka City.Polka City investors earn money with non-fungible tokens that represent land, businesses, and other assets.The metaverse world has boomed since Facebook’s name change to Meta.Sign up here for our daily newsletter,…
A millennial NFT investor made nearly $100,000 in 6 months with a virtual car repair shop and a bank in a gaming metaverse that isn’t even live yet
A snapshot from The Sandbox virtual metaverseThe Sandbox 37-year-old Robert Doyle made just under $97,345 in six months from virtual assets based in Polka City.Polka City investors earn money with non-fungible tokens that represent land, businesses, and other assets.The metaverse world has boomed since Facebook’s name change to Meta.Sign up here for our daily newsletter,…
What the U.S. government does with its secret bitcoin stockpile
For years, the U.S.government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies.Historically, Uncle Sam has done a pretty lousy job of timing the market.The 500 bitcoin it sold to Riot Blockchain in 2018 for around $5 million? That’s now worth north of $23 million.Or the 30,000 bitcoin that went to billionaire venture…
Ubisoft Quartz’s Ghost Recon NFTs Appear To Have Made Just $400 Total
Well, everyone sure did not seem to be on board with Ubisoft Quartz and its blockchain-based NFTs for Ghost Recon Breakpoint, a series of limited edition cosmetics that could be claimed in the game.But at least for now, it appears that it isn’t just gamers who don’t really care about them, it’s NFT collectors as…
We All Need to Stop Only Seeing the Dark Side of Crypto
In 2021, Bitcoin went mainstream.Wall Street set its eyes on the world of crypto, with hotshot investors like hedge funder Paul Tudor Jones leading the pack; The Economist went from calling the cryptocurrency “useless” in 2018 to arguing that it belongs in most portfolios; tech CEOs Jack Dorsey and Elon Musk gamely crossed swords about…