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February 24, 2023
CBDCs could revolutionize the financial system by increasing efficiency, transparency and financial inclusion while reducing the use of cash. Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system. Digitalization of payments CBDCs...
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Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now. Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three...
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Bitcoin fails to catch a break after “hot” PCE numbers punish U.S. stocks and brings DXY back from the brink of breakdown. Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE sparks fresh doubts on inflation...
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Russian military forces invaded areas of Ukraine in February 2022, and workers at businesses including Everstake have faced life in shelters and the constant threat of shelling. Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia. Exactly...
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Bitcoin takes the prize as the No. 1 leading player in the crypto and blockchain space on Cointelegraph’s 2023 Top 100 list. Who takes the cake as the prime mover of the crypto and blockchain sector for 2023? The answer is more of a “what” than a “who.” Good Ol‘ Bitcoin, the industry’s pioneer cryptocurrency,...
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As crypto adoption rises, more universities are offering crypto courses. In a world where cryptocurrencies and blockchain technology make direct peer-to-peer transactions possible and transcend traditional financial norms, more people want to learn about them to keep up with the times. Universities worldwide are beginning to offer cryptocurrency-related courses to cater to this new paradigm....
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A community member believes that the space will look back to this moment once it succeeds in making the world decentralized. The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter.  The IMF’s executive board recently...
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So many brands jumped into the NFT craze in 2022. Now, some are finding themselves stuck in an unsustainable “engagement ponzi” with users. The rise of Non-Fungible Tokens (NFTs) has created a new frontier for brands looking to engage with consumers in a more meaningful way. However, as more and more brands enter the space,...
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This week NFT Steez spoke to award-winning artist Victor Solomon about basketball, the metaverse, Web3 and his unique NFT collection. NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey in bridging his in-real-life artwork with NFTs and how he cultivates the community and culture that surrounds his art. ...
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2022 saw an overall decline in venture capital funding going into the blockchain and cryptocurrency space. 2022 will go down as a tough year for crypto, and the bleak market conditions were mirrored by a decline in venture capital (VC) funding flowing into the blockchain and crypto sectors. A report from Blockdata highlights consecutive quarterly...
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