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Cryptocurrency News Digest: July

What does Apple co-founder Steve Wozniak think about Bitcoin? Which city will permit its residents to pay taxes with crypto? And what does Dolce & Gabbana have to do with NFTs? These are the key themes covered in our July News Digest. We can’t wait to share the latest news of the cryptocurrency world with you, so let’s dive into the month’s hot topics together!  

Cryptocurrency News

The team at Exeno, the e-commerce pioneer in cryptocurrency payment adoption, are big crypto enthusiasts and always keep tabs on the industry. In this post, we’re going to cover the topics that made the global headlines in July. 

Steve Wozniak called Bitcoin ‘an amazing mathematical miracle’ 

Apple co-founder Steve Wozniak asserted his support of Bitcoin at the Talent Land Jalisco 2021 technology conference. He described the currency as ‘an amazing mathematical miracle’. Wozniak even declared Bitcoin was better than gold, since the latter is limited and requires resource-consuming pursuit. 

The prominent entrepreneur has been a Bitcoin proponent for a long time: in his 2018 interview with CNBC, Wozniak shared his hopes for Bitcoin to become the ‘single global currency.’ He expressed his fascination with the technology underlying the coin, especially the fact it requires no central human running and is able to grow ‘naturally’. 

His confidence in crypto led to the foundation of Efforce, a blockchain-based company with a mission to help businesses cut down energy expenses by reducing energy consumption, without harming efficiency. Efforce even launched its own cryptocurrency named WOZX, in honour of its founder. 

The US city of Jackson, Tennessee plans to adopt Bitcoin as a property tax payment method 

On 16 July 2021, the mayor of Jackson, Scott Conger, announced a study on the mechanism needed to accept property tax payments in Bitcoin. A special task force was formed to investigate convenient methods of adopting Bitcoin not only to accept tax payments but also to pay the city employees’ salaries. 

Conger sees embracing property tax payments in Bitcoin as a solution to issues resulting from inflation and devaluation of the US dollar. He also mentioned that the city is considering accepting other cryptocurrencies, like Ether (ETH) and Litecoin (LTC), as payment.  

The mayor is not alone in his enthusiasm regarding cryptocurrency adoption. The move follows the lead of his fellow cryptocurrency devotee, Miami’s Francis Suarez, who’s promoting the idea of tax and salary payments in Bitcoin in his city. 

Just like us, the two mayors believe that paying with crypto may be highly profitable and convenient, as it’s less prone to inflation. The significant benefits of crypto payments are made evident by the Exeno store, a place where you can purchase goods directly with cryptocurrency without FIAT conversion, and with low a 1.8 per cent fixed commission.  

Dolce & Gabbana announced the launch of its first exclusive collection of NFTs  

Dolce & Gabbana partnered with UNXD, a digital marketplace specialising in luxury NFT deals, to release its first exclusive collection of NFTs, called Collezione Genesi, or Genesis Collection. It will be presented in August at the Alta Moda, Alta Sartoria, and Alta Goilleria shows in Venice, the city that inspired the project. The news was published on the company’s official Twitter account on 14 July 2021. 

The first piece of the Genesis Collection is a so-called Dress from a Dream (L’abito dei Sogni) that references a dream of the prominent designers: Domenico Dolce and Stefano Gabbana. Other NFTs will be revealed shortly before the upcoming shows in Venice. Potential buyers can already reserve their spot at the digital auction via a special mailing list form. 

The main takeaway from the July News Digest is that cryptocurrency and blockchain technology are valuable in various contexts, from taxes to high fashion. It’s just a matter of time before these technologies become an integral part of our financial life. Exeno and its innovative approach to online shopping put advancement within your reach. 

Sources: 

https://u.today/apple-co-founder-steve-wozniak-calls-bitcoin-a-miracle-says-its-better-than-gold

https://cointelegraph.com/news/tennessee-city-wants-to-accept-property-tax-payments-in-bitcoin

https://decrypt.co/76229/jackson-tennessee-mayor-scott-conger-is-sold-on-bitcoin

https://cointelegraph.com/news/dolce-and-gabbana-to-launch-of-an-exclusive-nft-collection

https://www.indiatoday.in/technology/news/story/apple-co-founder-steve-wozniak-calls-bitcoin-an-amazing-mathematical-miracle-and-better-than-gold-1827941-2021-07-14

https://www.ledgerinsights.com/luxury-brand-dolce-gabbana-to-launch-nft-collection-blockchain/

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