Bids soar to $2.8 million for World Wide Web code NFT… Digital currency craze might be like bad fashion fad

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Bids soar to $2.8 million for World Wide Web code NFT…

LONDON, June 28 (Reuters) – Bids for a non-fungible token of the original source code for the World Wide Web written by inventor Tim Berners-Lee have soared to $2.8 million from an opening price of $1,000 with two days to go until the Sotheby’s auction ends.

Digital currency craze might be like bad fashion fad

The current craze over all things digital, including calls for official crypto currencies, may have similarities with an unfortunate fashion fad, a top Federal Reserve official said Monday.

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While “America’s centuries-long enthusiasm for novelty” has been mostly beneficial, Fed Vice Chair Randal Quarles warned that “when coupled with an equally American susceptibility to boosterism and the fear of missing out, it has also sometimes led to a mass suspension of our critical thinking and to occasionally impetuous, deluded crazes or fads.”

 

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