The craze behind nonfungible tokens, or NFTs, has seemingly reached peak parody after NBC's famed Saturday Night Live sketch comedy show addressed NFTs in a skit featuring Kate McKinnon as United States Secretary of the Treasury Janet Yellen. In Saturday’s show hosted by former cast member Maya Rudolph, Yellen is speaking at a university economics class when a student asks her to address exactly what non-fungible tokens are through the medium of rap. “What the hell’s an NFT? Apparently cryptocurrency. Everyone’s making so much money — can you please explain what’s an NFT?” The sketch features an absurd list of …

New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard. Why are they here to begin with? Crypto media companies have been taking advantage of the vast, outspoken audience that's been developed by a few organizations on the frontline, educating millions of early adopters on the trillion-dollar crypto market. Joon Ian Wong, co-president of the Association of Cryptocurrency Journalists and Researchers — a nonprofit organization that advocates for quality journalism and research on cryptocurrencies and blockchains — told Cointelegraph that bull …

A new job posting from Time magazine shows the 98-year-old publication is looking for a chief financial officer familiar with blockchain and cryptocurrencies. According to the job details listed on LinkedIn, Time is seeking a chief financial officer with more than seven years of experience in executive leadership positions and who has "comfort with Bitcoin and cryptocurrencies." The position will be based in the magazine’s corporate offices in New York City. "The media industry is undergoing a rapid evolution," says the listing. "TIME is seeking a Chief Financial Officer who can help guide its transformation." The responsibilities of the chief …

According to a report yesterday from the Miami Herald, cryptocurrency exchange FTX is preparing to finalize a deal to sponsor the home of National Basketball Association team the Miami Heat — a move that will grant the exchange exclusive naming rights for the 19,600 arena. “Miami-Dade County is getting closer to signing a cryptocurrency company to replace American Airlines as the naming-rights sponsor of the Miami Heat’s downtown arena, according to several sources — a deal that would deliver the NBA its first venue tied to bitcoin and other electronic currencies,” reads the report. The Herald also noted that “Internet …

Cointelegraph, the world’s foremost blockchain-focused media platform, is pleased to announce that tech veteran Elissa Beth Shevinsky has joined the company as chief technology officer. Shevinsky began her Bitcoin (BTC) journey in 2013, selling shirts for BTC as part of a fundraising campaign for her encrypted messaging startup, Glimpse, but her career in software began earlier — as employee number 33 at Everyday Health, which went public in 2014. More recently, she served as head of product at Brave and CEO of Soho Token Labs, where she led a security audit of the 0x project, a decentralized exchange, among other …

Since its inception in 2009, cryptocurrency has become both a cultural and financial phenomenon. As news headlines tout its ever-increasing exchange values and disruptive potential, investors and banking experts have gone into a frenzy. And yet, while digital money is on a lot of people’s minds, there is still a lack of understanding about what it is and what it can do among mainstream consumers. This is because cryptocurrency is a discontinuous or disruptive innovation, and its adoption demands significant consumer behavior changes and the infrastructure of supporting businesses. In order to succeed and get closer to the point of …

India has more than 65% of its population below the age of 35, with the average age nationwide being 29 years old. Additionally, out of India’s 1.3 billion people, only half currently use mobile phones, and less than half of this number are smartphones. Even though India is one of the world’s most populated countries, internet usage remains at 41%, with 700 million Indians currently connected to the internet. This leaves incredible room for growth in India, which lags behind other emerging economies when it comes to both internet access and smartphone ownership. This large, underserved population has long been …

One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit among more than 100,000 active pages. The Bitcoin (BTC) subreddit hit the two million subscriber milestone on Friday, more than 18 months after reaching one million. Though much of the growth in the subreddit following the 2017 bull run was gradual, interest in r/Bitcoin exploded …

Alex Gladstein, chief strategy officer at the Human Rights Foundation, is warning Americans about the narrative coming from media outlets reporting on crypto and other privacy tools. In an article for Time Magazine published today, Gladstein said that many news outlets covering stories about privacy-focused messaging app Signal or Bitcoin (BTC) tended to associate them with terrorists or criminal organizations. The Human Rights Foundation exec pushed back on narratives which paint privacy and self-sovereignty in a negative light, saying the next fight would be moving into money — in this case, cryptocurrencies. “Authorities will blame extremism not just on Signal …

A major Bitcoin (BTC) ad scam involving unauthorised images of Australian celebrities who seemingly promoted fake investment schemes is allegedly coming from Russia, according to a new report. Fraudulent Bitcoin ads capitalizing on Australian celebrities like Dick Smith and Andrew Forrest are part of an organized global business that uses at least five addresses in Moscow, an investigation by The Guardian asserts. On Dec. 13, The Guardian published a report providing more details about a major Bitcoin ad scam that has run on news websites since at least 2018. As previously reported, the scam involved fake articles using unauthorised images …

A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an episode called “This is Chicago.” “It’s my crypto,” character Dash says, elaborating, “My Bitcoin. It’s down 30 and I was using it to leverage my Tether and my Ethereum.” Another character responded: “I have no idea what you just said.” Dash continued: “Oil futures gutted my portfolio last spring. So if there’s another two-point drop on …

An unusual interview with Bitcoin SV (BSV) proponent Jimmy Nguyen on Fox Business earlier today appears to have been cut short after Nguyen kept criticizing Bitcoin. Nguyen appeared on the Dec. 3 episode of Fox Business’ Varney and Co. to discuss the increasing interest around Bitcoin, but the interview came to an abrupt end after a total of about two minutes. Introduced as the “Bitcoin Association” founding president, Nguyen repeatedly took shots at Bitcoin in response to questions from host Stuart Varney suggesting that Bitcoin was increasingly being used for payments. There was no mention of Bitcoin SV in either …