An art auction is set to take place in June of 2021 called "Natively Digital: A Curated NFT Sale." This sale will be hosted by Sotheby's, and it'll take place entirely online. Sotheby's started their description of this sale with the following: "NFTs will be considered one of the groundbreaking artistic breakthroughs of the century."
Coinbase, the cryptocurrency exchange that allows users to easily buy, sell, trade, and hold various cryptocurrencies, has added dogecoin to its roster. The 'joke' cryptocurrency has picked up speed in a way unanticipated years ago when it first launched, making a small number of people very wealthy while driving others to purchase the coins in hopes of reaching or exceeding a $1/coin valuation.
A battle between four bidders ended with a $12.9 million hammer price for the Banksy artwork 'Love is in the Air'. This is the first piece of art sold in a Sotheby's auction where cryptocurrency was accepted as a payment option for a physical artwork. It's likely this practice will continue with other major sales in the near future.
As cryptocurrency enters the mainstream and demand for the digital assets increases, society is increasingly forced to reckon with its dark side: the fossil fuels used to mine Bitcoin and others like it. That issue is behind Elon Musk's announcement that Tesla has dropped support for Bitcoin as a payment option.
![Robinhood crypto trading outage strikes as Dogecoin spikes [Update]](https://www.slashgear.com/wp-content/uploads/2021/05/robinhood_logo_main-1280x720.jpg){kind=logo}
Robinhood is experiencing issues this morning, with the company acknowledging that users are having problems with crypto trading. It's another frustrating outage for the popular trading platform, and comes as meme-stock turned Elon Musk favorite Dogecoin (aka DOGE) sees a surge in price.
Popular cryptocurrency app Coinbase has added support for funding your account using PayPal in addition to its existing options. This new support makes it much easier for users to add currency to their account, which can then be used to purchase Bitcoin, Ethereum, or one of the other many digital coin assets offered by the platform.
Microsoft released a note this week about how they've been working on defending against cryptojacking for your computer. Cryptojacking is a term describing a malicious attacker, a hacker, using your computer to mine cryptocurrency. Your computer's processing power - and potentially your internet data, if you're not on an "unlimited" plan - for their own profit, without your knowledge. This is bad, and Microsoft working to defend Windows against cryptojacking is good.
Venmo is the latest financial app to get into the cryptocurrency market. The PayPal-owned platform has launched a new crypto market feature that enables its users to buy, sell, and hold various cryptocurrencies directly in their account, simplifying the process for users who may otherwise be confused about how to set up and use a dedicated wallet app.
Some things in life you can count on, and it seems like Robinhood crashing just when the finance market is getting interesting is one of them. The popular finance service - which has seen particular success with first-time and novice investors - has been suffering several periods of downtime during volatility in crypto trading, particularly Elon Musk's favored Dogecoin.
Encrypted privacy-centric messaging app Signal has announced a beta test called Signal Payments. As the name suggests, this new beta involves testing a beta feature that lets users send and receive money through the app -- though, in this case, the transactions involve a private cryptocurrency called MobileCoin.
The Nintendo Game Boy was one of the more popular early portable game consoles on the market. Typically, the Game Boy was used to play black-and-white games on the go. One Game Boy owner has performed an interesting mod to his portable console allowing it to mine Bitcoin.
Tesla has begun accepting bitcoin for new car purchases, allowing buyers of its electric vehicles to use the cryptocurrency as an alternative to the usual cash, lease, and finance options. The move comes after the automaker waded into bitcoin holdings itself earlier this year, purchasing $1.5 billion worth of the cryptocurrency in February.