Web3 Diaries-Mercado BTC To Support Brazil’s CBDC
Mercado Bitcoin – the largest cryptocurrency exchange in Brazil – will reportedly participate in the country’s pilot project to launch a digital real. The central bank intends to issue such a financial product in 2024.
As reported by a local media outlet, Banco Central do Brasil has authorized Mercado Bitcoin to take part in the CBDC development. Speaking on the matter was Fabricio Tota – director of new business at the exchange:
Other project participants include well-known companies such as the payment processing giant Mastercard, the financial software fintech Sinqia, brokerage firm Genial, and others.
FC Barcelona Scores World of Women for Upcoming NFT Release
European football franchise FC Barcelona is teaming up with non-fungible token (NFT) collection World of Women to release the second digital collectible in its ten-piece “Masterpiece” collection.
According to a press release, the NFT, titled “Empowerment” is a one-of-one token created by World of Women artist Rhi Madeline. It will be available to purchase via auction on marketplace OpenSea from June 26 to June 28.
The artwork is inspired by Spanish soccer player Alexia Putellas, who helped Barcelona win the semi-final match of the Women’s Champion League game against German team Wolfsburg in April 2022. With almost 92,000 viewers watching the game, the NFT pays tribute to the historic victory for the Spanish football team.
Regulatory Pressure Costs Coinbase Dearly; Loses Market Share in Ether Staking
Crypto exchange Coinbase has lost market share in the booming ether (ETH) staking business as mounting pressure from U.S. regulators weighs on its staking service.
The exchange’s share in ETH staking slipped to 9.7%, the lowest level since May 2021, according to a Dune analytics chart by digital asset investment product-issuer 21Shares. This is a significant drop from the 13.6% recorded on April 12, when Ethereum’s Shanghai upgrade allowed withdrawals for the first time.
The downturn has happened as the demand for ETH staking – locking up tokens to participate in securing the blockchain while earning a passive income on holdings – was soaring. The Shanghai upgrade unleashed a wave of deposits to staking, with inflows outpacing withdrawals by some 3.5 million ETH, worth $7.3 billion at current prices.
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