👻 Aave to launch a new stablecoin

💍 Tiffany's announces it will turn CryptoPunk NFTs into pendants 👻 Aave to launch a new stablecoin 🇭🇳 Honduras launches “Bitcoin Valley” initiative

GM. vEmpions! Our motto of the day is: "We're all in this together." This is a time of change and uncertainty. And we're all in this together. And of course, the latest developments, in case you've missed it:

💍 Tiffany's announces it will turn CryptoPunk NFTs into pendants👻 Aave to launch a new stablecoin🇭🇳 Honduras launches “Bitcoin Valley” initiative

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Tiffany's announces it will turn CryptoPunk NFTs into pendants

Tiffany & Co is getting in on the crypto craze with its very own NFT collection. The collection, called "NFTiff," will be available exclusively to CryptoPunk owners. Each Punk will come with a one-of-a-kind pendant, making it a truly unique piece of jewelry.

The pendants will be priced at 30 Ethereum or $51,000 USD, so this is definitely not a cheap investment.

The Tiffany Punk Collection is said to be made with no less than 30 gemstones or diamonds, including but not limited to Sapphires, Amethyst, and Spinel. All pendants will be made with an 18k rose or yellow gold base that will be engraved with the unique Punk serial number and Tiffany logo on the backside. Collectors will receive an accompanying NFT render of their jewelry.

The fact that CryptoPunks and its parent company Larva Labs are not involved in the release of the new NFTs has caught the attention of the community. Some have even called it a "diss" to the original creators.

But what many don't realize is that by giving up their involvement, the Punk owners are actually exercising their intellectual property rights. In other words, they are free to do whatever they want with their Punks, and no one can stop them.

So, in a way, you could say that the new NFTs are actually a sign of respect for the original creators. By allowing others to use their Punks in new and creative ways, the owners are showing that they still believe in the power of decentralization.

This is just the latest in a long line of high-end brands getting involved with NFTs. While some may see this as a gimmick, there's no denying that NFTs are here to stay and are quickly becoming one of the most popular investments in the world.

Aave to launch a new stablecoin

Aave, the popular decentralized finance (DeFi) lending protocol, will soon be adding a new crypto-collateralized stablecoin to its ecosystem. The new stablecoin, GHO, is pegged to the US dollar and will be injected into the Aave ecosystem following the conclusion of a unanimous vote via the Aave DAO on Sunday.

The proposal to add GHO was put forth by Aave Companies, a group of development teams working in support of the protocol. The Aave DAO voted with roughly 501,000 AAVE, or 99.9% in favor, according to results.

So, how is GHO going to work? Well, unlike algorithmic stablecoins like Terra, crypto-backed stablecoins are assets collateralized by other digital assets. GHO will only be created when the user supplies required collateral. So, you know, there's that. Plus, when a user repays a borrow position, the GHO protocol governing the stablecoin will burn that user’s GHO. So there's that, too.

All in all, GHO sounds like a pretty sweet deal. But you should never put all your eggs in one basket, so make sure to diversify your stablecoin portfolio.

Honduras launches “Bitcoin Valley” initiative

The town of Santa Lucia in Honduras has begun accepting Bitcoin (BTC) payments as part of the Bitcoin Valley initiative. This initiative is designed to increase tourism revenue across 60 local businesses.

A new program in Santa Lucia, Honduras is allowing residents to pay for goods and services with Bitcoin. The program, called Bitcoin Valley, was developed by the municipal government in conjunction with the Coincaex crypto exchange, Blockchain Honduras and the Technological University of Honduras. With tourism spending down more than 66% since 2019, local business owners are hoping that the Bitcoin Valley will help restore some much-needed economic activity.

So what is the Bitcoin Valley? It's basically a strip of land along the country's coast that is being marketed as a hub for cryptocurrency and blockchain-related businesses. And while it remains to be seen whether or not the Bitcoin Valley will actually help boost the Honduran economy, one thing is for sure: it's definitely not going to do any harm.