Interbank market news scan: People are still learning about decentralized finance and non-fungible tokens …

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Bitcoin and Ethereum rates as of 2:00 pm EST:

ETH/USD: 1,727.26 BTC/USD: 50,781.20

ETH/EUR: 1,453.99 BTC/EUR: 42,747.00

ETH/GBP: 1,248.90 BTC/GBP: 36,717.40

ETH/AUD: 2,250.84 BTC/AUD: 66,174.40

ETH/CHF: 1,612.47 BTC/CHF: 47,406.40

ETH/JPY: 187,629.00 BTC/JPY: 5,516,260.00

ETH/CNY: 11,255.90 BTC/CNY: 330,921.00

Source: OANDA

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Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late. New opportunities are plentiful, with decentralized finance getting a lot of attention. However, that new movement is not without its risks and flaws, either. Decentralized finance may be the future, but education is still lacking (cointelegraph.com)

Akash Network, a project out of Overclock Labs, confirmed the successful launch of Akash MAINNET 2, the first open-source cloud and the only viable decentralized cloud alternative to centralized cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure. Decentralized finance may be the future, but education is still lacking (cointelegraph.com)

In May 2021, Brinc Finance is launching the Brinc Token (BRC) – the world’s first defi cryptocurrency backed by on-chain reserves that delivers intrinsic value by distributing fees and governance tokens directly to holders. The BRC Token is powered by an algorithmic bonding curve which governs the minting, burning, price, and supply via smart contract. Brinc Finance introduces the BRC Token – a defi token with intrinsic value, increasing returns, and on-chain reserves | Markets Insider (businessinsider.com)

NFT, or non-fungible token, has become 2021’s ‘blockchain’, a word you’ve never heard of before that is suddenly everywhere. Be it Twitter CEO Jack Dorsey auctioning his first tweet, or the Kings of Leon selling their latest album, as one, NFTs are everywhere. But what is an NFT? What is an NFT? Non-fungible tokens explained and why you shouldn’t dismiss this fad | TechRadar

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