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By Staff Reporters
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One NFT: In March 2021, a crypto-currency entrepreneur bought an NFT of Twitter founder Jack Dorsey’s first tweet for $2.9 million. Last week he listed it for $48 million, promising to donate half of the proceeds to charity. But when the auction closed yesterday, the top bid was just … $277.
DEFINITION: NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.
Ten Year Bond Yield: 2.701%
Markets: The S&P and NASDAQ snapped their three-day losing streaks, and airline shares boomed after Delta said it would report a Q2 profit. And, Peloton’s shares are down nearly 30% this year and have lost virtually all of their pandemic gains.
JPMorgan’s profit dropped 42% last quarter and it wrote down almost $1.5 billion in assets it linked to the war in Ukraine and inflation.
CITE: https://www.r2library.com/Resource/Title/082610254
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Filed under: Alerts Sign-Up, Glossary Terms, Information Technology, Investing | Tagged: Bitcoin, Delta, DJIA, Jack Dorsey, JBMorgan, NASDAQ, NFT, Non Fungible Tokens, Peloton, S&P, twitter |
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