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🚀 Both the SEC and the World Bank plays hard ball ⛹️
| Happy Thursday, Geckos! Unsurprisingly, the World Bank has refused to support El Salvador's Bitcoin (BTC) transition process to legal tender.
According to the global financial institution, the reason for refusal was because of BTC's "environmental and transparency shortcomings."
However, El Salvador would receive other kinds of help, including facilitating "currency transparency and regulatory processes."
In today's news, the SEC delays their ETF approval again, Iron Finance faces a massive bank run, and a decentralized guild secures $4M to invest in more gaming assets.
Read on! | | | | |
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The Polygon ecosystem is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Its growing popularity makes it clear that there is a need for cheap and ultra-fast transactions. Join us as we take a deep dive into the Polygon ecosystem with Arjun Kalsy (VP Growth at Polygon), Marc Zeller (Integration Lead at Aave), and Sameep Singhania (Founding member of QuickSwap).
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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk. | | The SEC Keeps Playing Hard Ball with Crypto ETFs Once again, the SEC has extended its deadline for approving VanEck Bitcoin Trust's application for a BTC exchange-traded fund (ETF).
SEC decisions are made within 45-day periods and can take up to 240 days to make a decision.
This is already the 2nd time it has been extended and the reason was to solicit public feedback on the susceptibility of the proposed ETF to market manipulation. CoinDesk | | Oh the Irony In just a span of over a day, Iron Finance's share token, IRON Titanium Token (TITAN), went from hero ($65) to $0.
Many believe that the crash was a result of a bank run where everyone abandoned the protocol at the same time, leading to Iron (IRON)'s de-peg from $1
Iron Finance is a partially collateralized algorithmic stablecoin protocol that has even seen DeFi celebrities like Mark Cuban.
CoinDesk | | Play-to-Earn is Taking Off
Yield Guide Games (YGG), a 'gaming guild,' recently secured $4M in a Series A round to expand its business model further.
YGG is a decentralized guild that invests in NFT gaming assets and loans them out to other players for a portion of the in-game currency they earn.
Some of the more popular games include Axie Infinity and The Sandbox (Metaverse), Guild of Guardians, and Illuvium (ILV).
Decrypt |
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| | Ethereum Virtual Machine (EVM) Ethereum Virtual Machine (EVM) is the environment in which all smart contracts are executed. In the Ethereum network, every node that runs an EVM instance allows them to execute the same instructions. EVM is vital to the Ethereum network, as it allows anyone to execute codes in a trustless environment while guaranteeing the outcome (e.g. execution of smart contracts). Learn about other Crypto terms here | | |
While few algorithmic stablecoins such as Frax Finance (FXS) have undoubtedly proven it is here to stay, another sleeping giant has not garnered the same attention in the community. We are, of course, talking about TerraUSD (UST). Let our analyst, Ben take you on an interstellar journey into UST and the Terra ecosystem. | | | | | | BODYArtist: Kidmograph Gallery: MakersPlace
Body is the second piece of the triad
The concept of this series surrounds the endless transformations between humans and their primitive representations. The simplest sacred geometry. BODY (Cube)
Check out other NFTs on CoinGecko | |
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