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” Auctioneer willing to sell $70M artwork for BTC or ETH “ In further signs of crypto adoption among the art world, a leading United States auction house will accept crypto as payment for a series of paintings. A Jean-Michel Basquiat collection is up for auction by Phillips, with Bitcoin (BTC) and Ethereum (ETH) listed…
” Stablecoins will have to reflect and evolve to live up to their name “ In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the…
” Non-crypto natives launch social tokens to engage with community and fans “ The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian government recently reached out to the crypto community…
” US Virginia Senate allows state banks to offer crypto custody services “ The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill (House Bill No. 263)…
” The best is yet to come: What’s next for blockchain and the creator economy “ After two years and many COVID-19 restrictions finally subsiding, the world is welcoming the return of in-person theater, movies, comedy, music and sports. This has left some wondering what will happen to the legions of digital creatives who occupied…
” City-building startup Praxis secures $15M in Series A Funding “ Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College,…
” Russian crypto volume across major exchanges plunges by 50% “ Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions. When Bitcoin rallied over 15% last week, some industry experts attributed the surge to…
” Swiss city of Lugano to pay taxes in crypto via Tether partnership “ The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of the Tether (USDT) stablecoin. Tether Operations Limited, the blockchain-based platform that powers USDT, the…
“# Japanese wealth manager Nomura to explore crypto and NFTs with new unit ” In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class. The wealth management company said that it was…
“# Web3 gaming in the third world: Axie facilitating billions ” The research department of blockchain analytics platform Nansen have published a comprehensive guide to popular play-to-earn game Axie Infinity, calculating quantitative insights such as that 2.8 million unique addresses are currently holding 11.1 million Axies, alongside that 97% of those users hold a minimum…