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🚀 Is China warming up to NFTs?
🚀 Is China warming up to NFTs?
| Still hung up on a great weekend, Geckos?
Bank of America, the second-largest bank in the United States, has allowed the trading of Bitcoin (BTC) futures for selected customers, according to people with knowledge of the matter who wish to remain anonymous.
Although the bank has been cautious with crypto, it is now allowing some clients to access the crypto market due to a large amount of margin required to trade the futures.
According to the source, clients are in the process of being set up, with some already active.
Several investment banks are already offering crypto products, including Goldman Sachs which reactivated its cryptocurrency trading desk in May.
In today's news, Taobao to list NFTs, El Salvador to release its own stablecoin, and an Ethereum (ETH) co-founder is leaving the cryptocurrency sector.
Read on! | | | | |
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| 24h Hot Searches Worldwide 👀 | |
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| | Axie Infinity's trading volume 131x Year-to-Date, signaling the explosive growth in its popularity.We are halfway through 2021 and our Q2 2021 Quarterly Cryptocurrency Report is now out!
In our report, we observed that even though Axie Infinity (AXS) has been on the market for more than three years, its popularity held off until Q2 2021.
In May, players could migrate their Axies and trade freely on Axie Infinity's Ronin-based marketplace. Combined with a surge in the media's attention on its play-to-earn elements, Axie Infinity saw a 131x increase in just six months!
Learn more about the state of the crypto market through our Q2 2021 Report.
| | China: NFTs Here to Stay?
During this year's Taobao Maker Festival, NEAR Protocol (NEAR) is collaborating with Web3Games, a blockchain gaming company, and Chinese artist Heshan Huang to market the artist's NFT-based "real estate."
According to Near, this is the first time the Alibaba-sponsored Maker Festival includes NFTs. Buyers will be able to purchase the NFTs assets on Taobao with the Chinese Yuan (CNY).
This suggests that NFTs have managed to thrive in China despite the massive crackdown on Bitcoin mining.
Coindesk
| | Colón-Dollar is Coming
El Faro, a local investigative news organization, said Friday that El Salvador's government may be planning to release a US dollar stablecoin.
According to the source, El Salvador's central bank would issue the currency, which would be pegged to the value of the US dollar and backed by US dollar reserves.
The cryptocurrency would be named the "Colón-Dollar," after the country's previous national currency, which was replaced by the US dollar in 2001.
Decrypt | | Anthony Leaves Cryptoverse
Anthony Di Iorio, the co-founder of Ethereum, has stated his desire to leave the cryptocurrency sector, citing fears about his safety.
According to a Bloomberg report, Di Iorio is intending to sell his digital asset firm Decentral and cut links with all other crypto ventures he is currently associated with.
Di Iorio is expected to sell Decentraland (MANA) for "hundreds of millions," emphasizing that he will only accept cash or company equity as settlement while rejecting cryptocurrency bids.
Cointelegraph
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Unlike traditional contracts that rely on their participant's good faith to act on or enforced by a witness or notary, Smart contracts will execute their predetermined function as soon as its contract conditions are met.
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