Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more
The latest Web3 offering from GameStop sees the official launch of its NFT market, and the Hong Kong government is testing a proof-of-concept NFT at a convention.
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Luiz Inácio Lula da Silva wins Brazil’s presidential race — what does this mean for crypto?
The future president reportedly said that cryptocurrencies “deserved the attention of authorities,” calling for Brazil’s central bank to create a framework for digital assets.
Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
As part of the agreement, El Salvador will establish a physical government presence in an effort to “foster cooperation with educational and research institutions.”
South African crypto landscape primed for TradFi growth after FSCA ruling
Industry insiders believe South Africa's move to classify cryptocurrencies as financial products could drive the adoption and legitimacy of the sector.
From neglecting security to bad tokenomics, DeFi has played a hand in its own decline
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market's decline.
Mass adoption will be terrible for crypto
From reversible transactions to increased regulation and a rising tide of censorship, mass adoption is going to make crypto look more like the systems we’re trying to escape.
Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC.
More than 30% of Canadians plan to purchase crypto by 2024, says OSC head
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada.
South Carolina treasurer goes on Bitcoin ‘fact-finding trip’ to El Salvador
The state official reportedly used his own funds to pay for the trip, which included discussing Bitcoin with government officials and exploring financial literacy programs.
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
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