Deutsche Bank believes that Instagram will help NFTs go mainstream.

Plus, lawmakers continue to push digital dollar

Inside.com Part of   Network March 28, 2022

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Deutsche Bank believes that Instagram will help NFTs go mainstream. In its report, the bank predicts that Instagram will simplify the process of buying and selling NFTs, thus lowering the barrier to entry. More: The bank believes that Instagram's large audience and strong brand presence will legitimize the industry. Deutsche Bank expects the launch of an NFT marketplace on Instagram to have a high likelihood of success. Based on typical marketplace fees and assumptions on penetration and transaction fees, Deutsche Bank calculated the NFT integration could bring in an additional $8B in net annual revenue. Mark Zuckerberg confirmed at SXSW that NFTs are coming to Instagram.

U.S. lawmakers have introduced a new "ECASH" bill with the hopes of establishing a digital dollar. The digital dollar would be created by the Treasury Department — not the Fed. More: The Electronic Currency and Secure Hardware Act would direct the Treasury Secretary to develop and issue the electronic version of the U.S. dollar, which would be legal tender for all debts, public and private. The digital dollar would be a means of transaction that people would hold on their phone or a card. It would be a token-based system, not account-based, meaning if you were to lose the phone or card, you would lose the funds as if you lost a wallet filled with cash. The e-cash would support peer-to-peer transactions. Lawmakers believe it would preserve privacy and anonymous transactions.

A message from LOHIKA Lohika partners with growth-stage technology companies to help them engineer the next Big Thing. We collaborate closely with our clients’ engineering organizations to transform them from bottlenecks to growth drivers.  Some of the best-known names in tech place their trust in us: PagerDuty, Twilio, Zendesk, Asana, Palo Alto Networks and more. Need to scale your engineering organization? We’re here for you. Talk to us

Bitcoin, Ethereum, and the broader crypto market have watched their USD-denominated prices surge into Monday morning. Why? Bitcoin's on-chain metrics show long-term holders have been accumulating for months. Two-year treasuries are trading 200 bips above the benchmark rate. This could mean one of two things, both good for the price: Rate hikes are fully priced in; They are more than priced in. Growing ETH network demand is coupled with ETH 2.0 merger hype. Russia is considering selling its oil and gas for bitcoin.

The Ukrainian government will start selling NFTs from its new "war museum" on Tuesday to raise funds for the war against Russia. The museum currently has 54 NFTs that share the effects of the war on civilians. The government has created a digital museum full of NFTs to share the effects of the war on civilians.  The first is timestamped at 5:45 on Feb. 24, when Russia announced plans to attack the Donbas region.  Ukraine leveraged Fair.xyz for the NFT launch. The tokens will be on Ethereum and Polygon. The Ukrainian government has already raised over $100M in cryptocurrency donations.

Web3 Tweet: Mfers, a community success story.

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Trevor Grant is an entrepreneur, investor, and writer based out of Chicago, Illinois. His primary area of interest is web3 venture capital, social tokens, and infrastructure. Other pursuits include screenwriting, yoga, and traveling. He holds a BS in biomedical engineering.   Connect with him on Twitter @trevorisonline Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

Lohika helps high-growth companies engineer the next Big Thing.

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A Deep Dive Into the Future of Finance - Consensus 2022

Join us at Consensus 2022's Money Reimagined Summit to explore ESG, CDBCs and the future of investing.

The financial landscape is quickly evolving. How will ongoing innovations in currency and finance impact the future of investing? With the recent news that the world's largest hedge fund is making plans to back its first crypto fund, it's clear the financial landscape is quickly evolving. We invite you to examine how key developments, like this and others, may affect the future of investing at the Money Reimagined Summit taking place on Thursday, June 9, 2022, at Consensus.   This full-day Summit is designed for investors, financial advisors and impact entrepreneurs who are interested in digital money, new financial infrastructure and the future of investing. Money Reimagined Summit Key Topics   Finance: Investment Strategies for a Decentralizing Economy, NFTs as an Asset Class, and How Smart Contract Derivatives Are Changing Wall Street Future of Money: The Coming Digital Currency Wars, How Should Stablecoins Be Regulated? and Open Money: Redesigning the System With Humans in Mind Here's a snapshot of a few organizations that have already registered to attend Consensus 2022:   ARK Invest | Binance | BlockFi | CoinShares | Ernst & Young | Euler Finance | FTX | Galaxy Digital | J.P. Morgan | Messari | MUFG Union Bank | Multicoin Capital | Onramp Invest | Silicon Valley Bank | Transparent Financial Systems | Visa Inc.   Copyright © 2022 CoinDesk, All rights reserved.    250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email.