CoinMarketCap published this video item, entitled “The Elon Musk NFT Situation & MicroStrategy Suffers $170.1M Loss [Crypto Espresso 05.4.22]” – below is their description.
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• Elon Musk Has Dig at NFTs, ‘Steals’ Bored Ape Picture and Says Some Users May Pay for Twitter
The world’s richest man has changed his avatar to a collage of Bored Ape NFTs — and the image’s creator wants Musk to remove it or give him a credit.
• The WSJ Says NFT Sales Are ‘Flatlining’ — But is This the Full Story?
The market has cooled substantially in recent months — but statistics from DappRadar indicate that demand for NFTs might not have fallen by as much as the newspaper suggests.
• MicroStrategy Suffers $170.1M Impairment Loss on Bitcoin in First Quarter of 2022
Rather awkwardly, this impairment charge actually eclipses MicroStrategy’s total revenues between January and March 2022, which stood at $119.3 million.
• Crypto Mortgages: Investors Must Be ‘Skeptical’ as They’re Risky, Analyst Warns
Looking at the current financial climate, an analyst from Weiss Ratings warns that the value of property — and major cryptocurrencies — has the potential to fall in the short-term.
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