Connect with us

Bitcoin

Phillips Auction: Basquiat Painting for $70M, Accepting Bitcoin and Ethereum Payments

On May 18, the auction house Phillips will be hosting an evening sale featuring the work of the American artist Jean-Michel Basquiat. Phillips’ Evening Sale of 20th Century & Contemporary Art will auction Basquiat’s “Untitled, 1982” piece worth an estimated $70 million. Phillips announced that the auction will accept bitcoin or ethereum for the artwork.

Phillips to Take Bitcoin and Ethereum to Jean-Michel Basquiat’s Art Auction

The renowned art collector Yusaku Maezawa and the 225-year-old auction house Phillips will be hosting an art auction on May 18, featuring the work of Jean-Michel Basquiat. This American artist has become a popular figure in the neoexpressionist movement. He is often compared to Pablo Picasso, the Spanish painter who founded the Cubist art movement.

The art featured at the Evening Sale of 20th Century & Contemporary Art will be Basquiat’s sixteen-foot wide “Untitled, 1982” painting. The “Untitled, 1982” standing at eight feet tall and over 16 feet wide, has an estimated value of around $70 million, according to the auction house Phillips.

Jean-Michel Basquiat’s “Untitled, 1982” painting.

” This striking horizontal layout is likely to be a nod towards Pablo Picasso’s masterpiece ‘Guernica’,” the Phillips announcement notes. Yusaku Maezawa, the consignor of Untitled, said that he hoped that Untitled would continue its amazing journey and bring smiles to many people around the globe.

The announcement also reveals that the auction house will allow buyers to buy Basquiat artwork using cryptocurrencies. The firm announced that Phillips was pleased to announce that the auction house would accept cryptocurrency in ethereum and bitcoin.

Phillips Plays with Crypto Acceptance at Banksy Auction. Hosts Valentine’s Day FFT Sale

Phillips isn’t the first person to experiment with crypto solutions or non-fungible token technology (NFT). Last year, Phillips revealed it was auctioning a world-famous piece of artwork called the “Laugh Now Panel” created by the anonymous street artist Banksy.

This auction of Banksy’s “Laugh Now Panel”, which was the first to sell artwork for cryptocurrency payments, was held in a physical art auction. The Phillips Banksy auction announcement was made the same week that Sotheby’s announced it would use Coinbase to sell Banksy’s image “Love is in the Air”.

Phillips recently hosted a Valentine’s Day 2022 “My Kawaii Valentine Online Auction,” which introduced the first auction data-generative NFT created by a virtual human. “Among the NFTs in the sale is Drowning in Love, the world’s first NFT created by the virtual artist, Monoc, using real-time auction data,” Phillips explained on February 8.

Phillips announced that the Basquiat art would be on an international tour, including to London, Los Angeles and Taipei, in preparation for the Basquiat auction. Following the exhibits, the artwork will be auctioned at Phillips’ New York headquarters at 432 Park Avenue.

What do you think about Phillips accepting bitcoin and ethereum for the $70 million Basquiat artwork being sold at the auction in May? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More

Bitcoin

5 Best Cryptos To Buy As Bitcoin Price Heads Towards $90K

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.


The price action of Bitcoin has witnessed a strong rebound. So analysts are now on the lookout for the best crypto to buy. This recent upsurge in Bitcoin is believed to mark the beginning of the long awaited bull run. As a result, many investors are considering altcoins like INJ, NEAR, TIA, SUI, and Remittix for huge gains. .

However, Remittix continues to shine brightly in the PayFi sector.  Read on to learn more.

Injective Teases Bullish Reversal Setup

Injective Teasers Based on Bullish Reversal If the rising channel support stays true, crypto expert Clifton Fx said, Injective might be preparing to review the upper border of the channel, a zone corresponding with past highs and denoting the next main resistance level.

On the other hand, a clear collapse below the present support would destroy the optimistic framework and maybe cause further downside and a test of less support zones. Since volatility still shapes price behavior all throughout the market, risk management is still very important.

Supported by oversold indicators and a historically meaningful support level, injective is displaying traditional signals of a bullish reversal. Coupled with rising market mood and Bitcoin’s strength, INJ might soon be on the rise, making it the best crypto to buy for those paying close attention.

NEAR Price Closes Below Support

NEAR has dropped since March 2024, according to the weekly time frame price study; it accelerated its fall from a lower high in December. Since then, the price has dropped nearly entirely without retracing, breaking from the $2.65 horizontal support range last week to a low of $1.82. The next nearest support is at the cycle lows of $1.25, which is about 40% below the present price.

Technical signals are clearly negative. Whereas the Moving Average Convergence/Divergence (MACD) is negative, the Relative Strength Index (RSI) is less than 50.

Both are declining, thereby verifying the negative NEAR trend. In 2025 the NEAR trend has been bearish, breaking off a long-term horizontal support level. Although the long run is bearish, there may be a notable short-term rebound. A breakthrough from its declining wedge may bring the NEAR price to $3.50. This makes NEAR the best crypto to buy.

Celestia (TIA) Price Outlook

Celestia is trading now between $2.31 and $4.17. Resistance lies close to $5.28; a second push is likely around $7.14; support is projected around $1.55. Bears have sway for now; the price is failing to rise higher and there is no significant directional trend. Careful trading within these ranges could test resistance and identify fresh support at the present critical level.

With a little weekly dip of 2.34%, Celestia (TIA) Price Outlook showed a 26.12% reduction over the previous month and a 59.19% fall over the last six months. With volatility characterizing their recent performance, price fluctuations have been significant and have resulted in notable changes in opinion. Indicators show a distinct downward trend throughout these periods and waning impetus as the market adapts.

SUI Price Action and Prediction

Following back-to-back Change of Character (CHoCH) and Break of Structure (BOS) pattern formations, the SUI price dropped significantly to $2.1395.

The crypto answered the CHoCH pattern fast. It happened close to $2.60, immediately reversing prices and starting a major drop.

As purchasers attempted desperately to absorb selling pressure, candle bodies hung over the $2.00 region without shattering it. Should prices continue to trade above the $2.00 support zone, a positive reversal of SUI might be seen. Should SUI close above the BOS level just below $2.40, a reversal would be confirmed and perhaps lead to more testing of the $2.60 supply zone.

If the price dropped below EQL, then a drop below $2.00 closing price would be inevitable, therefore verifying the continuation of the downtrend. Price decline might go into the intermediate zone of $1.80, where past accumulation was seen. Until the price structure dropped below the point of the $2.20 BOS support level, the market scenario generally remained cautious as short-term fluctuations continued at the $2.00 support level.

Why Remittix Is The Best Crypto To Buy Now

After selling over 528 million tokens and raising more than $14. 4 million in its presale stage, Remittix (RTX) is reinventing global payments by aggregating FIAT transactions using blockchain technology.

Remittix offers quick and competitively priced cross-border solutions. It is the better alternative to conventional payment providers like Stripe and Wise.Notable also is the open flat-fee strategy of the platform, which provides savings and openness over ridiculous rates of exchange of traditional banks.

Remittix is groundbreaking in the payments sector as it ensures that the whole amount sent reaches the receiver, therefore addressing unethical behavior all too frequently. The RTX currency shows strong investing possibilities at $0.0734 at the presale stage. Forecasts show an intriguing surge; demand for creative cross-border payment solutions is creating a 25x multiplier in the presale period and over 1,500% rises post launch.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

/div>

Read More

Continue Reading

Bitcoin

Bitcoin Tops $90K as Markets Rebound Despite Tariff Friction

The top digital asset roared past $90K on Tuesday morning as both traditional and crypto markets saw positive momentum despite Trump fumbling a trade deal with Japan. BTC Rally Defies Trade War Fears, Hits $90K Milestone Markets have been going haywire lately due to unresolved tariff concerns…
Read More

Continue Reading

Bitcoin

Is iDEGEN (IDGN) worth a look as presale hits $22m?

As investors take note of the opportunities available in the market, one project attracting massive attention is iDEGEN. On February 27, 2025, the AI agent project’s token IDGN will go live. Ahead of this highly anticipated listing, the iDEGEN presale is on fire. Why is iDEGEN trending? Fresh momentum amid huge developments in the artificial…


The birth of iDEGEN: a new era of community-powered AI

As investors take note of the opportunities available in the market, one project attracting massive attention is iDEGEN.

On February 27, 2025, the AI agent project’s token IDGN will go live. Ahead of this highly anticipated listing, the iDEGEN presale is on fire.

Why is iDEGEN trending?

Fresh momentum amid huge developments in the artificial intelligence space have seen the project top $22.6 million. With just 10 days to go, the scramble to be part of the AI agent revolution is set to get even more frenzied.

This is because of the potential for iDEGEN to take over the AI meme coin space. iDEGEN is the first degen raised AI agent. Its unique approach had the agent starting off as a blank slate. However, it has learned everything from the community and posts once every hour.

An unfiltered approach and a growing market combine to put this project on top of the trending list. Over the past several weeks, iDEGEN has taken the center stage in driving the conversation on Crypto Twitter. Notably, the iDEGEN TikTok account is also recording a sharp spike in followers.

While its uncensored approach has landed the iDEGEN AI agent into X trouble, the bans have only helped fuel interest among investors.

Per details on the project’s presale page, the number of social impressions has jumped to over 2.5 million. The ICO has seen over 1.7 billion tokens sold, with potential hodlers currently above 24,700.

iDEGEN’s strong ICO run ahead of its debut in the market has investors excited for what’s possible. Speculation that top crypto exchanges could be eyeing IDGN for listing has only sparked further interest.

Is iDEGEN worth a look today?

The AI agent market is relatively small despite the recent breakout success for projects like Virtuals Protocol and ai16z. CoinGecko data shows the sector’s market cap today at $7 billion. In comparison, the meme coins market is at $81 billion and AI memes at just over $3 billion.

Given, the broader AI market, where OpenAI, Nvidia, Google and Microsoft among others are heavily investing in, is projected to rise further. These initiatives, including Project Stargate, suggest it might be early days for iDEGEN and other projects.

Presale opportunity is thus likely to be a major coup for early birds. Interestingly, there’s just 10 days to go before IDGN its exchanges on February 27, 2025. Buying at the current presale price of $0.0285 provides a bargain offer, with iDEGEN’s final presale price set at $0.038.

iDEGEN also offers staking opportunity, which has already attracted close to 100 million in staked tokens.

To learn more about iDEGEN, visit the official website.


Share this article

Categories

Tags

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.