The assurance of a single money rate is crucial to ensure the smooth transactions of both public and private money. Even the slightest discrepancies between public and private money rates can cause widespread disruption. To further explore this concept, a Bank of International Settlements (BIS) working paper examined the singleness of private tokenized money as an alternative to central bank digital currency.
A ballot is being cast by Incubator DAO, a subsidiary of Rook that has a well-supplied treasury of $25 million, to decide how to use its funds. If the vote passes, the entire treasury will be dispersed among ROOK token holders. A vote is being conducted until Thursday to consider a plan to distribute the $25 million treasury of Incubator DAO amongst the holders of the ROOK governance token. This plan is being put forward by activist investors who have been discussing the potential future of Rook (an Ethereum-based MEV project) on the Discord platform for a while.
Core Scientific (CORZ), a crypto hosting and mining company, has announced the appointment of Adam Sullivan as their new president, according to a court filing. Sullivan is a highly experienced figure in the crypto industry. For the past six years, Sullivan worked at the financial services firm XMS Capital Partners in various capacities, culminating in his most recent role as managing director and head of the digital asset and infrastructure group.
On Tuesday, Bitfinex announced that El Salvador had awarded it the nation’s first license for digital asset service providers. In January, the Legislative Assembly of El Salvador passed a law to regulate digital securities and create a framework for the Central American nation to issue “Volcano Bonds,” referred to as bitcoin-backed bonds. Following the passage of this law, a new license was issued.
According to “State of Crypto 2023,” a report from venture capital firm Andreessen Horowitz (a16z), the share of global crypto developers based in the United States decreased by 26% from 2018 to 2022. This finding was backed up by data from Electric Capital and SimilarWeb. The report revealed that from 2018 to 2022, the percentage of crypto developers located in the United States compared to the rest of the world declined by 26%.
Crypto-related stocks have been experiencing a consecutive two-day surge, triggered by bitcoin breaching $30,000 on Monday night, a level not seen since June 2022. Currently, bitcoin is continuing to remain above this mark, trading at $30,100. Riot Platforms (RIOT) and Marathon Digital (MARA) are showing strong growth, with increases of 15% and 11%, respectively. Even smaller players such as Stronghold Digital (SDIG) and Iris Energy (IREN) are doing exceptionally well, with gains of nearly 20%.