Synapse Network Opens Opportunity for Cross-Chain Investments
宏观新闻 General News
Bank of Jamaica Plans CBDC Pilot For August
The Bank is looking to begin piloting the CBDC in August. The pilot will be rolled out across financial institutions. The first step will be commencing the pilot with the National Commercial Bank (NCB). Through which customers will be introduced to the new currency.
BOJ Governor Richard Byles commented on the CBDC pilot, saying,
“We’re currently looking at all the technical sides of the system, and we have a sandbox in the bank that we have the whole infrastructure in. As we work through the technical minting of the currency, we have to test it rigorously as a pilot and that we’ll do in August. In September to December we’ll be recruiting more of the banks to come on board and then we’ll gradually expand the pilot out into a full-fledged launch of the CBDC.”
专业发展 Enterprise Development
Musée To Launch World’s First NFT-Owned Marketplace Platform on July 20th, 2021
The Musée platform, a project by Inverted Studios, is set to launch on July 20 and simulate the experiences of navigating through an art gallery.
The platform will be a combination of Ethereum’s blockchain technology and digital art to become the world’s first NFT-owned marketplace. Starting from its launch, 10,000 plots will be available for purchase by creators, collectors, and investors to explore crypto art on a single large grid integrated within a web browser.
Musée innovates a creative social environment for engagement with not just creators and collectors, but also their followers.
Revolutionary Ecosystem Developed by Synapse Network Opens up Cross-Chain Investment Opportunities
Synapse Network is developing the first cross-chain investment ecosystem, offering five products for the cryptocurrency sector including a DEX and DeFi marketplace.
Using blockchain technology, Synapse Network will save investors a lot of time and effort by consolidating transactions and allocating funds in different blockchains: a simple one-stop-shop solution. By doing so, this will revolutionize the currently fractured landscape of the crypto industry that has been relying on multichain solutions.
The ecosystem also includes a chain agnostic launchpad to connect projects and private investors, fostering an environment for partnership and innovation.
专业分析 Specialist Analysis
Crypto Traders Should Brace for Extended Correction, Warns Analyst — Here’s How Long Market Downturn Could Last
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes says traders should brace for an extended market correction.
Pseudonymous crypto trader Dave the Wave tells his 68,600 Twitter followers that previous pullbacks on Bitcoin’s logarithmic growth curve (LGC) indicate that the current correction could extend another five months — until the end of 2021.
“On comparison of this correction to the previous, current price is halfway there… having only dropped so far to the first level. Time-wise, again on the comparison, the correction would extend out to the end of the year, another 5 months.”
法律监管 Policy & Regulations
Kazakhstan Introduces Additional Taxes for Crypto Miners
President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed amendments to the country’s tax and budget payments code introducing a new tax for cryptocurrency mining operators.
Specifically, the amendments impose a fee to the tune of 1 Kazakhstan tenge ($0.0023) per kilowatt-hour (kWh) utilized by cryptocurrency miners and will take effect from January 1, 2022.
With the Bitcoin hashrate plummeting, many miners have relocated to countries including Kazakhstan, in search of cheaper electricity and a more friendly jurisdiction.
