๐Ÿš€ Are you ready for the Miami BTC Party? ๐Ÿ˜Ž

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    ๐Ÿš€ Are you ready for the Miami BTC Party? ๐Ÿ˜Ž

    Feeling the Miami heat, Geckos?


    Set to run on June 3, the Bitcoin 2021 conference in Miami is marked as one of the largest Bitcoin (BTC) events in crypto history.


    Organizers expect a huge turnout of more than 50,000 attendees.

     

    The event will be hosting crypto luminaries including MicroStrategy CEO Michael Saylor, Square co-founder Jack Dorsey, cryptographer Nick Szabo, and other industry executives.

     

    A 'whale pass' is offered with starting bids of 3 BTC โ€“ not only for conference access but also five exclusive tickets to the Mayweather vs Logan Paul boxing match, three vintage bottles of 1996 Dom Perignon, and a meet-and-greet with skateboarder Tony Hawk.

     

    Miami Mayor Francis Suarez will also be among the Bitcoin 2021 speakers, who gained popularity for his pro-Bitcoin stance when he announced that Miami city employees can choose to be paid in BTC instead of USD.


    In today's news, Singapore's DBS launches digital bonds, India's central bank confirms its crypto ban is no longer valid and something is brewing in Ethereum 2.0. 


    Read on!

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    Singapore's DBS Launches its First Security Token


    DBS, Southeast Asia's largest bank, has issued its first security token offering (STO) $11.3 million in blockchain bonds on its recently announced DBS Digital Exchange (Ddex).

     

    STOs sell cryptocurrencies that represent off-chain securities (like stocks) with the purpose to raise capital (like an ICO), in which these digital bonds have a six-month tenure and a coupon rate of 0.60% per annum. 

     

    According to DBS's head of capital markets, Eng-Kwok Seat Moey, the STO represents the bank's bet on blockchain, as they 'expect asset tokenization to increasingly become more mainstream.'


    Decrypt

    India's Central Bank Clears the Air 


    The Reserve Bank of India (RBI) has confirmed that its often-quoted crypto ban in the old 2018 RBI crypto ban circular is 'no longer valid.'

     

    RBI has asked banks not to advise their customers against crypto dealings as the circular had already been overturned by the Supreme Court of India last year. 

     

    However, crypto's fate in India remains uncertain as the government will discuss a bill regarding crypto regulations in the upcoming Parliament session.


    TheBlockCrypto

    The Brew of ETH 2.0


    Ethereum 2.0 staking contract now has more than 5 million ETH, signifying that its total value locked amounts to approximately $14 billion. 


    Ethereum 2.0, a network upgrade from Ethereum, is undergoing a shift from a proof-of-work consensus mechanism to a proof-of-stake one. 

     

    This means that the blockchain will move away from being reliant on miners to process transactions, to allowing anyone who is willing to stake 32 ETH to do the job instead. 


    TheBlockCrypto

    We are back with the second installation of our NFT Spotlight which is a collaborative effort between CoinGecko and artists to democratize art appreciation! This time, we're working with MZK Visuals to bring you two awesome pieces. Kaloian Toshev, also known as MZK Visuals, is an artist, illustrator, and designer who is passionate about female beauty and bringing it to new forms to the world.

    On the 3rd of June at 10PM EST, the first legendary artwork will be up for auction on Foundation for 24 hours and proceeds will be donated to Mint.af and TheGivingBlock. Meanwhile, the second artwork will be available on the CoinGecko rewards store on the 7th of June at 10PM EST. Only 1,000 of this NFT will be minted so be quick!

    Find out more here

    Decentralized


    Describes a system where there are no centralized points of failure (eg. a pillar that holds an entire structure up), or an organization that has no central authority figure. Bitcoin is an example of a decentralized system.

     

    Learn about other Crypto terms here

    NFT of the Day ๐Ÿ–ผ๏ธ


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    Artist: Foundation (FND)

    Gallery: OpenSeato gallerySee it on OpenSea


    Check out other NFTs on CoinGecko

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