This week, several central banks at once released announcements regarding national digital money. Financial regulators of Canada, India, and Nigeria made moves toward launching their own central bank digital currencies (CBDCs). The Central Bank of Nigeria (CBN) has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear…

Breaking crypto news from the last week (17 – 23 July 2021): 17 July: Damien Hirst, one of the world’s most estimated artists, says NFTs are changing the world. In an interview with Cointelegraph, the British contemporary artist compared NFTs to “the invention of paper.” 18 July: The U.S. Department of State, at the first…

Decentralized derivatives exchange SynFutures launched the DeFi futures, letting miners hedging against Bitcoin mining difficulty and all the factors affecting their mining returns. SynFutures announced a new product called Bitcoin Hash Rate Futures that uses the mining difficulty of Bitcoin as a basis to open long or short positions. The new offering is described as…

Texas-based influencer Estefannie and British synth-pop musician Look Mum No Computer collaborate to produce music based on fluctuations of the crypto market data. Estefannie and Sam Battle, also known as Look Mum No Computer, made a device that converts the price volatility of various cryptocurrency markets into music-like sounds. Battle constructed a mechanism to generate…

Cryptocurrency exchange Coinbase Global announced on Wednesday it has started to accept meme cryptocurrency Dogecoin for commerce payments. Dogecoin (DOGE) became the 7th cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal, according to an announcement on Twitter. The platform currently also supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), as well…

Major blockchain hosting and digital asset mining company Core Scientific is going public through a merger with Power & Digital Infrastructure Acquisition Corp., valued at around $4.3 billion combined. On Wednesday, Core Scientific Holding Co., one of the largest mining companies in North America, announced its plan to go public on Nasdaq via a special…

We continue to study platforms used for creating different blockchain projects: stablecoins, DeFi, synthetic assets. Today on the agenda is Terra [LUNA]. On July 16, the Terra [LUNA] crypto project team announced that it had received $ 150 million in investments to develop its ecosystem. The investments came from a pool of 23 large funds…

Will Central Bank Digital Currencies (CBDC) make Bitcoin obsolete or not? – professor Sean Stein Smith reflects in the Forbes column. Recent comments by the chairman of the Federal Reserve, Jerome Powell, highlight the need for more productive conversations around crypto competition. During testimony to both the House and Senate the topic of a central…

Square CEO, Twitter founder, and long-time Bitcoin advocate Jack Dorsey has high hopes cryptocurrency will help bring about world peace. “My hope is that it creates world peace or helps create world peace,” he said during a “The B Word” conference on Wednesday. Tesla CEO Elon Musk and ARK Invest founder Cathie Wood were also…

The U.S. Department of State is first offering to pay a bounty in crypto worth up to $10 million (315 BTC) in exchange for relevant intelligence regarding cyberattacks organized by foreign governments. The Rewards for Justice program operated by the Diplomatic Security Service was announced in a July 15 statement. The payment would be provided…