Scenarios that could influence a decision to issue a digital shekel include a decision by the U.S. or the European Union to issue CBDCs. A decline in cash usage, significant use of stablecoins, competition in the domestic payment system, and significant technological developments in payments systems could also sway the central bank’s decision to issue one. Source
The virtual sneaker, called Our Force 1 (OF1), is a play on the brand’s iconic Air Force 1 design. Beginning on April 18, Nike will begin airdropping “posters” to select .Swoosh users, granting them early access to the sale on May 8. On May 10, the entire .Swoosh community will be able to purchase the digital goods through its marketplace. Source
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela is still ongoing. Argentina Registers 104.3% Inflation In March, the Highest in Latam The National Institute of Statistics and Census in Argentina released inflation numbers for March 2023, registering a 7.7% increase month-over-month. This number is higher than the 6.6% registered during February, produced…
Digital art auction house Sotheby’s has altered its latest art sale significantly after receiving community feedback regarding a lack of diversity, meanwhile a novice player in Illivium: Beyond has made a staggering profit of 140,525% by finding the most elusive character in the game yet. Sotheby’s reboot Glitch Digital Art Sale after addressing diversity concerns Digital art house Sotheby’s have announced that bidding for its upcoming digital art sale “Glitch: Beyond Binary” will open on April 19. Glitch: Beyond Binary is a reboot of last month’s “Natively Digital: Glitch-ism” auction…
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and money laundering.” Referring to CBDCs as ‘Woke’ Money, Krugman Attacks ‘Monetary Conspiracy Theory Types’ Economist Paul Krugman, who follows the Keynesian school of economics, wrote an opinion article criticizing Florida governor Ron DeSantis’s opposition to…
General earn creditors, with claims below $5,000, will see 70% recovery of their claims in liquidity cryptos, the presentation said. Up to 100% of the rest of the assets, minus what is needed to run the new company, will be dispersed to earn creditors with claims over $5,000, who will also receive tokenized securities of the new company. Source
The tokenized gold market reached over $1 billion in value last month, the report said. Source
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Notably, the community of artists that engage in glitch art “do not just identify as male or female but consist of people from every gender identity and expression, sexual orientation, race, ethnicity, language, neuro-type, size, ability, class, religion, culture, subculture, political opinion, age, skill level, occupation and background,” Sotheby’s adds. Artists participating in the upcoming auction include XCOPY, neurocolor, Jake Osmun and more. Source
As we approach two decades since Satoshi’s landmark white paper, we still know very little about this enigmatic author’s politics or identity (although that has not stopped some from guessing). But we understand that this person (or persons) created an innovation – a technology derivative of another technology, encryption. As we’ve seen repeatedly, technology can be used for good or bad. It can create jobs or destroy them. It can harm the environment or bolster efforts to protect it. The art of sound policymaking is weighing the good and bad,…