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Digital
Some rudimentary pixel art just sold for 605 ETH, or $761,889 at purchase. FlamingoDAO, a decentralized autonomous organization (DAO) for investing in digital collectibles, is behind Saturday’s eye-popping CryptoPunk sale. Only nine such “Aliens” exist in the CryptoPunk universe, which pioneered non-fungible tokens (NFTs) in 2017 and are the “Holy Grail” for an emerging class...
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Valkyrie Digital Assets filed an application on Friday for a bitcoin exchange-traded fund (ETF), the second such filing in the last 30 days. The Valkyrie Bitcoin Fund would be listed on the New York Stock Exchange and Coinbase Custody Trust Company, LLC would serve as the custodian for the proposed ETF, according to Dallas-registered Valkyrie...
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Silvergate Bank accepted a whopping $2.9 billion in new deposits from new and existing digital currency customers in the fourth quarter 2020, according to an earnings report released on Wednesday. The majority of these new deposits came from crypto exchanges which deposited $1.7 billion more in cash to their accounts quarter-on-quarter. Institutional investor deposits grew...
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The European Commission and the European Central Bank (ECB) are teaming up to consider potential issues that could arise from the digital euro before a decision is made to kick off the digital currency’s development this summer. The two EU institutions now plan to cooperate on “exploring the possibility of issuing a digital euro, as...
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Fans of K-Pop girl group Mamamoo will soon be able to buy digital products related to the band using blockchain technology. RBW (Rainbowbridge World), a South Korean entertainment company representing Mamaoo and other popular K-Pop artists such as Vromance and Oneus, is jumping into the cryptocurrency world by issuing non-fungible tokens (NFT) on Hong Kong-based...
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As the pandemic forced many Americans to hunker down at home, the video game industry experienced record spending and profits in 2020. Interacting with other people through gaming became, for some players, essential for social connection. As an education researcher and professor of digital literacy, I study the educational benefits and perils of digital gaming....
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Turkey will begin piloting a previously undisclosed digital currency in the second half of 2021, the country’s chief central banker Naci Ağbal told members of parliament Friday. “There is an R&D project initiated on digital money. Currently the conceptual phase of this project has been completed. We aim to start pilot tests in the second...
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A former governor of China’s central bank believes the digital yuan won’t upset the order of the global monetary system. According to a report by the South China Morning Post on Sunday, Zhou Xiaochuan told attendees at the Shanghai Financial Forum that China’s digital currency electronic payment (DCEP) initiative shouldn’t be perceived as “great power...
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A digital euro may still be far off but Bank of America is warning it could be bad news for the region’s banking industry if there is mass public acceptance.  In a Tuesday report, BofA analysts said digital euro accounts to individuals, if they are seen as a popular alternative, would cut into commercial bank...
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The U.S. Department of the Treasury wants state and federal regulators to keep a vigilant watch on digital asset innovation. According to a report released on Thursday by the Financial Stability Oversight Council, digital assets are a “particularly good example” of both benefits and potential risks associated with innovation. The report highlighted the ambitions by...
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Another Pro-Crypto Appointment in the Biden Administration?
January 24, 2021By
What the Biden presidency may mean for Africa
January 24, 2021By
Biden’s unravelling Trump’s ‘America First’ may offer Africa a reprieve
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