Different News from or for the Cryptocurrency World

Different News from or for the Cryptocurrency World

Crypto News News
March 31, 2021 by Elias Powell
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When it comes to the cryptocurrency world, there are so many things going on in the world that are bound to affect the industry directly or indirectly. Therefore, it is our responsibility to bring you some of the latest highlights that are currently taking place inside and outside of the cryptocurrency world. The first topic
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When it comes to the cryptocurrency world, there are so many things going on in the world that are bound to affect the industry directly or indirectly. Therefore, it is our responsibility to bring you some of the latest highlights that are currently taking place inside and outside of the cryptocurrency world.

The first topic would be the “Central Bank Digital Currency – CBDC” adoption that is spreading all over the globe. Just recently, it was the president of the European Central Bank who has shocked the entire cryptocurrency world by making a statement.

According to Christine Lagarde, the finance chiefs from the European Union are currently looking into the possibility of launching digital-euro. If they call in favor of the digital euro, then the world would see the digital euro being released in the coming summer.

However, it would not mean that the digital euro will be able to use by the European public. They may have to wait for more than a year in order to be able to get their hands on the digital euro. In an interview, Lagarde has stated that if the approval is given, then the central bank will ensure that the process of the digital euro goes as smoothly as possible.

There are no margins of errors so the entire process needs to be up to the mark and without any flaws. The rest of the process will then be up to the consumers from Europe who will be using the digital euro.

Then there is Biden’s administration that has proposed a new policy around the corporate taxation process. In the proposal, Biden has proposed to increase the corporate tax rate from 21% to the way up to 28%. The proposal suggests that if this process is approved, then the country would see a profit of $2 trillion in the next 15 years.

Then there is investment news directly from the cryptocurrency world. As per the reports, Enjin has reportedly sold out private sales for Efinity, which was for a whopping $18.9 million. Enjin (ENJ), is popularly known as the creator of ERC-155 NFT.

On the other hand, Efinity is a non-fungible token blockchain that has been made for creators, enterprises, apps, and games. The Efinity NFT platform has reportedly been built on the Polkadot (DOT) protocol.

The sources have confirmed that the leaders of the funding round were three main firms. The names of these three main firms were Hashed, DFG Group, and Crypto.com Capital.

In addition to the three major leaders of the funding round, there were others who also contributed to the funding round. The names of other participants include DeFi Alliance, Arrington XRP Capital, HashKey, Iconium, Fenbushi, Blockchain.com Ventures, BlockTower, and Hypersphere.