'TIME' Magazine Will Start Investing in Bitcoin

It’ll also start accepting cryptocurrency as payment for subscriptions.

By
Tech 
3,393 Hypes 1 Comments

TIME Magazine is now extending its reach into the world of blockchain by partnering with cryptocurrency investment expert Grayscale.

The announcement was made by Grayscale CEO Michael Sonnenshein, who revealed that the esteemed publication will begin holding Bitcoin on its balance sheet. In addition, the two companies will also work together to release a series of educational videos this summer, hoping to teach more people about the relatively new technology.

TIME’s move into Bitcoin comes following other recent efforts from the company to embed itself within the world of blockchain and crypto. Last month, the publication auctioned off three NFTs of its magazine covers inspired by an original from 1966, partnering with NFT platform SuperRare for the project. One of the covers was sold for a whopping $200,000 USD to TRON CEO Justin Sun.

Elsewhere in the world of crypto, Coinbase is estimating a first-quarter revenue increase of 900 percent ahead of its IPO.

Read Full Article

What to Read Next

Bitcoin Price Hits $31,000 USD for First Time Ever
Tech 

Bitcoin Price Hits $31,000 USD for First Time Ever

The leading cryptocurrency’s remarkable rise continues.

Crypto Expert Predicts That Bitcoin Will Eventually Hit $1 Million USD per Coin
Tech 

Crypto Expert Predicts That Bitcoin Will Eventually Hit $1 Million USD per Coin

The prediction has to do with a Bitcoin event called halving.

Bitcoin Mining Consumes More Energy Than Most Countries in the World
Tech

Bitcoin Mining Consumes More Energy Than Most Countries in the World

Expected to exceed the consumption of 181 countries by 2024.


Bitcoin Experienced Its Largest Daily Drop in History
Tech

Bitcoin Experienced Its Largest Daily Drop in History

Losing $10,000 USD in value over 19 hours.

'Ghostbusters' and General Mills Collide on New Marshmallow-Packed Cereal
Food & Beverage

'Ghostbusters' and General Mills Collide on New Marshmallow-Packed Cereal

Start your day with ectoplasmic marshmallows and fruit-flavored corn puffs.

Maison Margiela Has Spilt Paint All Over Its Tabi Boots
Footwear

Maison Margiela Has Spilt Paint All Over Its Tabi Boots

A $980 USD statement.

Brazil's Newest Statue of Christ Will Surpass Rio de Janeiro's Iconic 'Christ the Redeemer'
Design

Brazil's Newest Statue of Christ Will Surpass Rio de Janeiro's Iconic 'Christ the Redeemer'

The world’s third tallest statue of Jesus.


Steph Curry Is Now the All-Time Scoring Leader of the Golden State Warriors With 17,818 Points
Sports

Steph Curry Is Now the All-Time Scoring Leader of the Golden State Warriors With 17,818 Points

Surpassing Wilt Chamberlain’s previous scoring record.

Uber Could Launch Cannabis Delivery Service When Federal Laws Change
Tech

Uber Could Launch Cannabis Delivery Service When Federal Laws Change

As revealed by CEO Dara Khosrowshahi.

This Mercedes-Benz CLK 63 AMG Black Series Isn't for the Faint-Hearted
Automotive

This Mercedes-Benz CLK 63 AMG Black Series Isn't for the Faint-Hearted

And it could be yours thanks to RM Sotheby’s.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.