Daily NFT sales volume on open-sea has started consolidating, and there is a good chance that the market had probably found a bottom, said Hitesh Malviya, Founder, itsblockchain.com.
— Meanwhile, Rover, the pet care site sometimes referred to along with its competitor Wag as the Uber of dog walking, has retained Mercury Public Affairs as its first outside lobbying firm. Mercury’s Mike McSherry, an alum of the RNC, Republican Governors’ Association and Labor Department, will lobby for Rover on tax and labor classification issues — a development that comes as the Biden administration has pledged to recognize workers dispatched by apps as employees rather than contractors. Gig companies are also facing new tax reporting requirements beginning next year, thanks to the coronavirus stimulus bill signed into law by President Joe Biden in March.

In Bhambhwani et al. (2019), we challenge the perception that cryptocurrency markets are simply plagued with bubbles and speculative trading by identifying two key blockchain measures that affect cryptocurrency prices. Specifically, theory suggests that the trustworthiness and the transaction benefits of a blockchain are important determinants of cryptocurrency values. Pagnotta and Buraschi (2018) link trustworthiness to the computing power devoted to the blockchain. Biais et al. (2018) link transaction benefits of a cryptocurrency to the size of its network.
While it shares characteristics of both currency and investments, there’s still debate among experts about whether cryptocurrency is clearly one or the other.