The Ethereum cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion. But it’s quickly catching up to the crypto giant.
This places the cryptocurrency as more valuable than Elon Musk’s meme, Dogecoin.
Ether value has surged since the beginning of the year, largely due to the rising popularity of decentralized finance (DeFi) applications.
Crypto disrupts old money
Even the traditional players are beginning to recognise the importance of embracing crypto, including luxury auction house Sotheby.
Sotheby also will be jumping on the crypto bandwagon, saying they’ll accept payments in Bitcoin and Ethereum at an upcoming Banksy auction.
The 277-year-old auction house says that it’s the first of its kind to accept cryptocurrency as payment for a physical piece of art.
“Fittingly, the pairing brings together the biggest disruptor in finance with one of the most notable disruptors in the art world – Banksy,” Sotheby said.
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Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.
Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending
Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.
On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.
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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.
Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.
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