In today’s episode of Kryptonomics, we explore the top five news stories impacting the cryptocurrency space. First, Legacy Records becomes the first record label to pay performers in cryptocurrency, with CEO Keisha McLeod emphasizing the necessity of adapting to the digital age. Next, transaction fees on Bitcoin and Ethereum have decreased significantly—by 81% and 71%, respectively—as these cryptocurrencies experience price declines.
Additionally, Fox Entertainment is venturing into the NFT space, launching blockchain creative labs to create NFTs based on their shows, with “Crypopolis” as the first animated series curated on blockchain.
In other news, Kim.com, founder of Mega Upload, believes Bitcoin Cash (BCH) aligns with Elon Musk’s vision for an eco-friendly and efficient digital currency. Lastly, billionaire Mark Cuban revealed he owns over 3,000 Dogecoins, purchased with his son, but remains skeptical about its potential as a widely accepted payment method.
Kryptonomics invites viewers to follow for ongoing updates as the crypto landscape continues to evolve.