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Dear friends, I usually hear crypto news on Fridays and I want to share it with you. I hope you enjoy the news.
China and Russia are preparing a digital currency
Russia's central bank has announced a list of 12 banks that will participate in digital ruble testing. Of course, the list includes all the giants themselves, such as Sberbank, VTB, Alfa Bank, Gazprombank…
For now, the technical details are not known, on which network the digital ruble will be based, but the prototype was announced for December this year, with the first public testing scheduled for 2022.The Chinese, on the other hand, have already entered the test phase of the digital yuan. The Beijing Metro, in cooperation with the ICBC (Industrial and Commercial Bank of China), and through a telephone application, enabled the use of the digital yuan as a means of paying for tickets. The digital yuan has been in circulation for several months, and in Beijing, the initial amounts were divided by lottery. This is a sign of the gradual entry of the state digital currency into mass use.
Crypto miners in China are crying, and gamers are rejoicing
Some reports say that cryptocurrencies in China are selling equipment in scrap metal. Many miners have relocated their companies to foreign countries. But there are big operations in the middle that could afford something like that. Small and medium-sized miners, on the other hand, who are unable to leave China are forced to sell used equipment. Of course, because the mining units flooded the market, prices fell sharply, despite the manufacturer's decision to show solidarity with the miners and suspend the sale of the new line of mining kits.At the same time, graphics cards of more luxurious price ranges appeared on the market. By the way, if you haven't followed the situation, miners have been buying the best graphics for years, so there has been a shortage for a long time. Let's face it, the race of miners and gamers around graphics cards has taken on such proportions that nVidia had to promise a contingent for players. Not only did they divide production into "mining cards" and others, but they also installed hashrate limiters on cards intended for players.
Elem, gamers are not currently advised to buy used graphics that have sprouted in the Taiwanese market, but it seems to me that they will be a little relieved…
While experts, economists, consultants, concerned capitalists and other pastors threaten that this will not end well with the decision of the state of El Salvador to introduce bitcoin (BTC) as the official currency, the authorities have announced their intention to issue cryptocurrencies worth 30 US dollars to every citizen.
Of course, the distribution will be done through the official Chivo application, which will function as a digital wallet. However, as the Minister of Finance announces, it is envisaged that this modest amount will be used for payments, and not for converting into dollars.
For citizens who do not have a smartphone, it is planned to open 200 points where Chivo will be able to be used in a kiosk like an ATM. The application will have two versions, one for business (B2B) and the other for citizens (B2C).
This is such shocking news that all media dealing with cryptocurrencies have transmitted it, although nothing is known in detail.
Namely, Soros Fund Management has authorized its agents to trade bitcoins. It is said that this news was confirmed, and that the approval came from Don Fitzpatrick, the financial witch and the head of investments of this company.
To us, Soros is synonymous with the Open Society Fund, but Soros Fund Managemet is one of the most influential firms and an authority in the field of investment. Their investments cover the transport industry, energy, retail, financial and some other industries. Given that they are always meddling in new ventures - they are one of the organizations behind the success of Ilona Mask - this move, so that their traders can trade in bitcoins, really carries significant weight.
NFT is usually associated with artists, visuals or musicians, but this time the star of the auction was Mr. Tim Berners-Lee, a scientist and inventor of the most popular Internet system WWW.
Namely, the inventor offered for auction the source code for the WWW service, of course tokenized as NFT. Sotheby’s auction house organized the bidding, and 51 bids were received. An unknown collector bought NFT for 5.4 million dollars, but his name was not disclosed. There is also a rumor that the code was bought in cryptocurrency, but Sotheby’s has not confirmed this.
The proceeds will be used for various charitable initiatives launched by the Berners-Lee family.