A pioneer in digital luxury fashion weighs in on the future of wear-to-earn and online photorealism. Kaspar is a speaker at CoinDesk’s Consensus festival starting June 9. Source
Megan Kaspar: Meta-a-Porter Fashion
Day: May 31, 2022
Fed paper looks at potential effects of CBDC on monetary policy
On Tuesday, the United States Federal Reserve released a study on the possible effects of a retail central bank digital currency (CBDC) on U.S. monetary policy implementation. The study, dated April, was a staff working paper titled “Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis.” The paper considered four scenarios that illustrate the potential effects of a retail CBDC on monetary policy from the perspective of three stakeholder groups: the Fed, commercial banks and U.S. households. The first scenario involved exchanging cash for CBDC, which affected…
Binance Cleared to Operate in Italy After 2021 Ban
Cryptocurrency continues to gain traction worldwide, and Europe is not left out. This was evident in an announcement made by Binance on Friday after its legal team in Italy completed registration with the country’s regulator. Binance, the world’s largest cryptocurrency exchange by daily trading volume, has registered Binance Italy as a digital asset service provider with Organismo Agenti e Mediatori (OAM), an Italian regulatory agency responsible for overseeing the listings of financial institutions. This announcement comes after a similar statement a few weeks back where the cryptocurrency powerhouse received clearance…
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South Korea to Invest $177 Million Directly in Metaverse Platforms – Metaverse Bitcoin News
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries to put funds into this field. South Korea Gets Into the Metaverse While more VC firms and companies are actively investing in the future of the metaverse, some nations are also preparing to invest in…
Gary Vaynerchuk Files Trademark for ‘Vayner3’ NFT Consulting Arm
The firm could add to Vaynerchuk’s already influential presence in the NFT space. Source
Daily Pump & Dump | May 31, 2022 Crypto Market Report
The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins. Today’s summary: Bitcoin reclaims $30,000 over memorial day weekend How Ethereum could lose its head against BTC What’s going on with Cardano? Bitcoin Makes Memorial Day Weekend Memorable Over the US Memorial Day holiday, bulls took advantage of thin order books and low volume, pushing the price per BTC to more than $31,500 at close. Of note, the daily candle closed…
Bitcoin Stuck Below $30K as Buyers Remain on Sidelines
Meanwhile, most alternative cryptos (altcoins) underperformed bitcoin on Tuesday, which suggests traders are still not comfortable with taking on additional risk. Bitcoin’s market cap relative to the total crypto market cap ticked higher over the past three days after breaking above a yearlong downtrend on May 13. Typically, alts underperform BTC during down markets because of their higher risk profile. Original
Binance to launch Africa crypto awareness tour as adoption ramps up
With a 1,200% increase in received crypto volume between 2020 and 2021, the accelerated adoption of digital assets in Africa has captured the attention of multiple companies and organizations looking to take part in this growing market. Set to take place in June, the Blockchain and Cryptocurrency Awareness Tour (BCAT) is a Binance-powered ongoing awareness campaign that has been spreading knowledge and trying to cultivate a strong crypto community in Africa. By reaching out to university students, mostly in southeast Nigeria, the campaign hopes to increase crypto adoption among Nigerian youth, the…
CoinDesk Confidential: Kristin Smith
The Proust Questionnaire – an old-style magazine format popular in the French novelist’s day – asks a series of personal, philosophical and prosaic questions that, in theory, present a side of a person not often seen. Here, Kristin Smith, the heart, soul and often face of industry lobbying group The Blockchain Association, reveals something of her “true nature” and the crypto industry. Smith is a speaker at CoinDesk’s Consensus festival, June 9-12, in Austin, TX. Source