gm to everyone crushing it in the crypto space. Especially the UK.
LFG!!
Markets
Here are today’s market moves:
Here's what you need to know:
The UK government plans to make UK the crypto hub
First, they aim to bring stablecoins under regulation, so it can be used as a form of payment! This is massive for the entire crypto space!
Imagine if you can spend USDC and possibly GBP stables straight from your wallet on e-commerce websites, travels, and even instore shopping?
Then, they talk about DeFi which is super interesting.
The UK government will explore ways to enhance the UK tax system to encourage further development of the cryptoasset market in the UK. It will review how DeFi loans – where holders of cryptoassets lend them out for a return – are treated for tax purposes.
The move seems positive and I cannot wait for more progress on this. Read the official article here.
The UK government also plans to mint their own NFT. The Finance Minister, Rishi Sunak, has asked the Royal Mint to create and issue the NFT “by the summer,”
The initiative is part of a broader effort by the government to “lead the way” in crypto. 🔥
Snopp’s new music video was shot entirely in the metaverse
“House I Built” off of the album “BODR” was filmed entirely in the Sandbox - an Ethereum based gaming metaverse.
Bitcoin has “no utility”
Grey-haired dudes looking death in the eyes as the floor is being pulled straight underneath their boomer asses.
The future is here gramps, time to upgrade that Windows XP!
Check this out
Most Crypto ATMs are scams.
Do your research before buying and use Coin ATM Radar to find a good ATM near you to buy crypto.
Did you hear?
OpenSea is allowing users to purchase NFTs with a credit card, debit card, or Apple Pay through a partnership with MoonPay.
Attack on Inverse Finance drains out $15 million.
Crypto lingo of the day
Private Key / Private seed:
The encrypted code that allows direct access to your cryptocurrency. This is the key to your magic internet money.
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