Crypto: Visa buys a CryptoPunk, Twitter and Square CEO Jack Dorsey is mining bitcoin

As bitcoin tops $50,000, hitting a more than 3-month high

Visa bought a CryptoPunk NFT for $150,000 in ether, believing NFTs mark a new chapter for digital commerce.

CryptoPunk 7610 is one of 3840Female punks. A collection of nine rare CryptoPunks that were among the first 1,000 minted fetched almost $17 million in an auction at Christie's in May this year.

CryptoPunks are an assortment of 24x24 pixelated avatars, each considered to be rare NFT collectibles with own unique features and accessories. There are a total of 10,000 in existence and no two are exactly alike.

The cryptocurrency market is starting the week off strong as Bitcoin tops $50,000, hitting a more than 3-month high.

Jack Dorsey, CEO of Twitter and Square, is inspired by bitcoin as ‘It reminds me of the early internet’ and is mining bitcoin with @compass_mining.

Square, his digital payments company, put “skin in the game” with $170 million more in bitcoin buy earlier this year.