Bitcoin's (BTC) upside is encountering resistance at the $34,300 resistance zone. Over the past two days, the cryptocurrency has been consolidating below the resistance zone due to a potential breakout.
Due to quantum leaps in e-commerce and ever-changing consumer preferences, there is an increasing adoption and use of decentralized ledger technology (DLT) and blockchain in the online auctions industry.
The American government turned against its own word and offered to auction to the public stolen bitcoins it retrieved and held in custody. Although the US is among the fast developing countries in the world and a leader of technology, the US has been slow in legalizing bitcoin usage in the economy. For this reason many innovators fell on the wrong side of the law and got their assets frozen by the government.
The official announcement of the world’s first cryptocurrency art auction held by blockchain company Maecenas was released yesterday, June 7. The event will take place at fintech-welcoming UK gallery Dadiani Syndicate on June 20, where an Andy Warhol painting will be sold using blockchain technology.
The mysterious skeleton of an unknown kind of dinosaur is alleged to be up for auction in Paris this June. Auctioneers have an opportunity to bid in both euros and bitcoins. The financial market experts say the fossil seems to gain a large amount of money.