This Week’s Top Bitcoin and Crypto News: NFT of Jack Dorsey’s Tweet Flops at Auction – CNET

His past work has appeared at print and online publications, including New Mexico Magazine, TV Guide, Mental Floss and NextAdvisor with TIME.

Former Twitter CEO Jack Dorsey turned his first tweet into an NFT last year and sold it at auction for $2.9 million, which Dorsey then converted into bitcoin and donated to charity.

Sellers on OpenSea don’t have to agree to the winning bid in a timed auction if the bid is under one ether.

The specs of NFTs linked to tweets are tricky.

On Tuesday, The Wikimedia community, a group that moderates Wikipedia, voted to end all cryptocurrency donations to the platform, citing ethical concerns of accepting the donations and the environmental damage caused by cryptocurrency mining.

For reference, Digiconomist’s Bitcoin Energy Consumption Index estimates that the carbon footprint of the bitcoin network is comparable to that of the entire Czech Republic.

On Wednesday the Dallas Cowboys announced a sponsorship deal with Blockchain.com, making the cryptocurrency firm an “exclusive digital asset partner” to the NFL team.

In June 2021, cryptocurrency exchange FTX paid an undisclosed amount to become “the official crypto exchange brand of MLB.” In November 2021, Crypto.com bought the naming rights for the stadium of the Lakers, which was renamed from the Staples Center to the Crypto.com Arena.

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