Week in review: Feb. 26, 2021 - Crypto Art Trending

Crypto Art on Sale at Christie's Hits $1 Million Within 10 Minutes

Decrypt: February 25, 2021

Bidding on a collection of NFT artwork by popular digital artist Beeple hit $1 million within just 10 minutes of going on sale. The artworks are being sold at auction house Christie's in its first-ever sale of purely digital artwork.

Crypto collectibles are selling for thousands — and celebrities like Mark Cuban are cashing in

CNBC: February 26, 2021

The cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia.

MicroStrategy Bets Another $1B on Bitcoin

CoinDesk: February 24, 2021

MicroStrategy announced the purchase of another $1.026 billion in bitcoin Wednesday, turning mountains of zero-interest debt into one of the single largest (dollar-denominated) bitcoin investments ever executed by a publicly traded company.

Bitcoin bounces back, surging above $50,000 after more buying from Square

CNBC: February 24, 2021

Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency.

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip

CoinTelegraph: February 23, 2021

The transaction — 2,700 BTC, worth $156.6 million at $58,000 per token — resulted in a sale that piled pressure on the market, thus snowballing into the largest one-hour candle in Bitcoin’s history.

One of Switzerland’s leading banks now offers crypto trading

CoinTelegraph: February 26, 2021

Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.