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Vit had hit upon a nerve which may or may not have been promoted by Brexit.Many industry experts have addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency.Bitcoin (BTC) fell below the important support level of $52,000 yesterday, dropping to a low of $50,360.American musician Justin Blau, also known as 3LAU, established the blockchain music investment company Royal, supported by a $16 million seed round.The French Central Bank, Banque de France has recently successfully trialed a central bank digital currency (CBDC) – the digital euro, operating on a blockchain.
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Potential participants have been invited to submit their applications to experiment with the use of a digital euro.Fabio Panetta, a member of the Executive Council of the European Central Bank (ECB), suggested that acceptance of the digital euro in brick-and-mortar stores, as well as online entities, would help promote the use of the fiat digital euro.Pixel Vault, a web3-centric NFT platform, today announced a $100 million investment from venture capital firms Velvet Sea Ventures and 01A.Social media giant Snap announced 20% layoffs this week, leading the Web3 team to become a casualty of that move.Square Crypto, the cryptocurrency arm of the online payment service provider Square Inc is set to fund the development of crypto wallets with enhanced UX.Bitcoin slid below $60,000 as euphoria over the first U.S.
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