Home Business Yellen on Bitcoin, NFTs Score Another Million + More News

Yellen on Bitcoin, NFTs Score Another Million + More News

Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Regulation news

NFTs news

  • An anonymous buyer has spent around USD 1m worth of ethereum (ETH) on 34 non-fungible tokens (NFTs). The buyer snapped up a set of digital CryptoPunks collectibles, per data from the Larva Labs marketplace, for just under ETH 560. The collectibles are part of a set of 10,000, and have been traded for a collective value of some USD 95 million. Larva Labs describes them as the “first NFTs” and the “inspiration for the Ethereum ERC-721 standard that powers most digital art and collectibles.”

CBDCs news

  • Ant-backed MYbank’s service will soon be introduced to the People’s Bank of China’s digital yuan app, while Tencent-backed WeBank will also participate because the e-wallets from the two firms will have exactly the same functions as those from the six state-owned lenders in the trial, Bloomberg reported, citing undisclosed people familiar with the matter.

Mining news

  • Listed crypto mining company Argo Blockchain said it has signed a commercial agreement with ePIC Blockchain Technologies (ePIC), a supplier of ASIC mining machines, which will allow Argo priority access to these mining rigs. Argo will initially purchase USD 8m of ePIC’s mining rigs and have priority on all future production runs globally for 2021 and 2022, they added.
  • South Korean PC gaming rooms – known as “PC bang” are finding new uses in the age of the coronavirus pandemic: Their owners are using them to mine crypto. Per Chosun, enterprising PC bang operators are keen to use their banks of high-spec PCs, many equipped with state-of-the-art graphics cards, to mine tokens, with no indications so far on when PC bangs will be able to reopen their doors to the public. One PC bang owner was quoted as stating that they earned USD 2,700 worth of crypto by mining tokens in just two weeks during the iciest months of the nation’s recent cold snap.