Is government-issued digital currency a threat to cryptocurrency? Although it is unlikely, stablecoin usage may be less. It seems that electronic currency issued by the government is a good idea.
Grayscale’s Future of Finance ETF was first launched in the U.S. in Febuary. It is now available on major European stock exchanges.
Recently, the Tezos Foundation announced that it had committed $1.23 Million to a fund to collect non-fungible tokens. Misan Harriman, a photographer, has been chosen to curate the foundation’s permanent collection of art.
After the collapse of terrausd and terra (UST), the British Treasury Department has reaffirmed its commitment to regulate stablecoins. A spokesperson for HM Treasury stated that this would create conditions for service providers and issuers to grow and operate in the U.K. while maintaining financial stability and high regulatory standards.
The demise of Terra continues to highlight the fragility of the decentralized finance (defi), ecosystem. After Terra’s demise, things have changed dramatically. The total value locked (TVL), in defi, plummeted to $112.29 billion. This is a 51.38% decrease in just 42 days.
CZ pointed out potential problems with forking Terra and said, “Minting and forking don’t create value.”
Portoroz is a tourist destination on the Adriatic Coast of Slovenia. The organization has decided to promote it using non-fungible tokens. This project is the digital component to this year’s campaign for visitors to the region.
Reports indicate that Do Kwon, founder of Terraform Labs, was visited his apartment by an unknown person following the Terra blockchain tokens LUNA/UST’s significant loss in value. Do Kwon’s spouse requested protection from Seoul’s Seongdong Police after an unknown person entered the apartment and called the doorbell, asking for Kwon.
While investigations continue, Coinzilla, an advertising agency and marketing agency, may have been compromised.
Another working paper by the ECB on digital euro is dropped, causing further outrage among Europeans opposed to a central bank digital currency.
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