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The IMF says that state-issued digital currencies can re place cash, which is costly to distribute in island economies. While the adoption of central bank digital currencies (CBDCs) is nowhere close, they can eventually re place cash, which is “costly to distribute in island economies,” Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said. At the Singapore Fintech Festival on Nov. 15, Georgieva addressed the potential of digital currencies to “offer resilience” in more advanced economies, saying that CBDCs can “improve financial inclusion where few hold bank accounts.” You might also like: US congressman pushes bill to shield privacy in CBDCs The IMF chief also mentioned Meta’s Libra project, saying it was a “wake-up call that turned out to be a false alarm.” Yet, despite Meta’s failure, other “more compliant” players will “come knocking,” Georgieva added...

Author: defioasis In the past month, as the Crypto market overall has shown signs of recovery, the mainstream NFT market place s have welcomed their first four consecutive weeks of positive growth in trading volume for the second half of this year, (a feat last seen from the end of January to mid-February) with trading volumes nearly doubling. This growth is significantly higher than the rise in the value of ETH, indicating an increase in the volume of transactions in ETH. On the other hand, the prices of blue-chip NFTs have also seen a rebound, with BAYC returning above the 30 ETH mark, and Azuki seeing an increase of over 17% in the past month. (Note: Unless otherwise specified, the volumes mentioned below do not include wash trades.) (Source: https://x.com/punk9059/status/1720431770804371564?s=20 ) Under the current market conditions where ETH’s gains are not outpacing those of BTC, ETH holders are reluctant to switch their holdings to BTC. Without taking on explicit leverage, inves...

Source: Rarible.com Popular NFT marketplace and protocol Rarible launched its NFT marketplace builder for Polygon-based NFT collections on January 18. Any Polygon-based NFT collection will be able to use the new self-serve tool to build their own customized marketplaces for free to connect with their communities. "Community market place s will become a gateway for new users to enter NFTs. They change the NFT buying and selling experience by making it much simpler which in turn makes it easier for new users to come onboard," Alexei Falin, Co-founder and CEO of Rarible, told Cryptonews.com. Rarible already offers a similar service on Ethereum, which has been used by projects such as Smircs , Rally , and Not Your Bro , to name a few. The first partner for the Polygon community market place builder is Polygon Punks , according to the company. “We see community market place s as the future of NFT buying and selling and we believe every project should have its...