Sunday Crypto News Round-up : • Bitcoin’s Moves : Bitco | Bitcoin & Crypto Trading

Sunday Crypto News Round-up :

• Bitcoin’s Moves : Bitcoin recovered to $69,483.33 on Sunday after a short dip on Saturday.
• Rise in Crypto Crime : The FBI reported that crypto investment scams in the U.S. resulted in nearly $4 billion in losses in 2023, a 53% increase from 2022.
• Optimism Foundation’s Private Sale : The Optimism Foundation sold approximately 19.5 million OP tokens, worth around $90 million, to an unidentified buyer in a private sale. The tokens will be locked for two years but can be used for governance decisions.
• NFTs and Art : Robert Alice, a pioneering artist in the NFT space, has been working on a survey of NFT art history for TASCHEN. Despite the financial downturn in NFTs, Alice sees them as part of a broader crypto-anarchic movement and a tool for shaking up the traditional art industry.
• Crypto’s Impact on Art : Alice discusses how blockchain and NFTs are changing the art market, the importance of transparency, and the potential for new experiences in digital art.
• Bill Ackman’s Bitcoin Consideration : Billionaire hedge fund manager Bill Ackman mulls over Bitcoin, suggesting a scenario where the price of Bitcoin could soar due to a cycle of increased mining, energy use, inflation, and demand for Bitcoin. However, he acknowledges that the scenario could also work in reverse. Ackman has mostly steered clear of Bitcoin in the past but has invested in some crypto projects and funds as a hobbyist.

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