πŸš€ All it took was 3 months! πŸŒ•

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    πŸš€ All it took was 3 months! πŸŒ•

    We've done it again, Geckos!

     

    Today, the cryptocurrency market cap reaches $2 trillion

     

    It has just been three months since the crypto market cap hit $1 trillion. Bear in mind that $1 trillion took a decade to reach! 

     

    This is probably one of the defining moments for crypto since the 2017 crash – thanks to a combination of the Bitcoin (BTC) bull run, NFT hype, widespread  institutional investment and growing global adoption as transactory assets. 

     

    In today's news, Sacramento Kings becomes the first sports team to offer salaries in bitcoin, Singapore's Prime Minister gets cloned on BitClout,  and Mark Cuban joins Sound Ventures in their quest for the next big NFT business. 


    Read on!

    24h Hot Searches Worldwide πŸ‘€

    • Akash Network   (+40.9%)

    • XRP                       (+40.8%)

    • Sora                     (+7.1%)

    • WINk                    (+15.9%)  

    • Binance Coin      (+10.3%)  

    • BitTorrent            (-17.6%) 

    • Marlin                  (+17.8%)


    CoinGecko is turning 7 next month and we want to celebrate with you! 


    Join our Virtual Meetup #11 where we'll be taking a look at 'The Crypto Creators' Economy' with Roneil Rumburg (Co-founder & CEO at Audius), Alexei Falin (Co-founder & CEO at Rarible), and Gareth Emery (British trance producer and DJ). Join our discussion on how the crypto space is providing a new landscape of opportunities for creators!


    It's free for all but don't forget to sign up!


    We also want to showcase your best work. Get creative and join our NFT design competition to show your love for CoinGecko! The winning NFT will be announced at our Virtual Meetup and distributed to all attendees. Did we mention it will also be featured on our NFT of the day page? ;) Join here! 


    Test your luck for our cool Lucky Draw prizes and come chill out at our Afterparty with DJ's Vandal, Netunoblu, and Nullzero in collaboration with DAO Records!

    Bitcoin Sports Kings


    NBA franchise, Sacramento Kings, is set to become the first major sports team to offer bitcoin payment options to all players and staff. 

     

    The chairman of the club, Vivek Ranadive, first disclosed the news on a Clubhouse talk hosted by Tim Draper, where the official announcement will only be released in the next few days. 

     

    The move would strengthen Kings' reputation as one of the most crypto-forward teams, which aligns with the NBA's crypto-friendly approach from selling tickets to hot dogs for bitcoin in 2014 and issuing fan tokens in 2019. 

     

    CoinDesk

    Singapore's PM Calls Out Scammers

     

    The identity of Singapore's Prime Minister Lee Hsien Loong was cloned by an anonymous user on the BitClout social token platform, where tokens worth nearly $10,000 were sold under the PM's name. 

     

    As a result, the Monetary Authority of Singapore (MAS) has issued a warning to crypto investors – bringing attention to the inherent risks that exist in the cryptocurrency space. 

     

    Furthermore, the MAS asserted that they would continue to monitor cryptocurrency developments and will attempt to maintain their regulatory pace as technological progress continues. 

     

    Cointelegraph

    Sounds Like a Sound Venture

     

    Sound Ventures, a startup investment firm founded by Ashton Kutcher and Guy Oseary, is set to sponsor a $1 million NFT pitch competition.

     

    Mark Cuban, billionaire investor and the face of Shark Tank, will be taking part in this competition where his role is to evaluate potential NFT businesses. 

     

    Besides Cuban, Kutcher and Oseary, the panel of judges also includes Snoop Dogg and 3LAU, as well as pseudonymous NFT art collectors like Whale Shark and Metakovan.

     

    Decrypt


    Don't stop reading! It's important. This is your moment. This is when you finally decide you're going to do something with your money β€” make it work for you, instead of you working for it. You're ready to level up your game and take charge of your finances. Click the link below and start investing. You know about crypto. You believe in its potential. Time to make your knowledge count.

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    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

    Token Generation Event (TGE)


    Initially, the term "ICO", which refers to "initial coin offering", was used to refer to the initial release of cryptocurrency tokens to the public as a fundraising mechanism. However, due to regulatory concerns of ICO being modeled after IPO (Initial Public Offering) and its implication as an investment vehicle, some projects begun coining different naming conventions. Token Generation Event (TGE) is one such convention.

     

    Learn about other Crypto terms here

    Read more on CoinGecko

    Track us everywhere.

    Stay connected with us.

    Follow us on social media & share our newsletter

    and be rewarded with some CoinGecko goodies!



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