Express Crypto News: 60-Second Recap, August 3rd 2023

Last week in crypto, bitcoin price bounced around the $29k mark, crypto mining retailer Phoneix eyed up an IPO, and BlackRock vowed to democratize crypto through their spot Bitcoin ETF.

Worldcoin is a cryptocurrency project aiming to distribute cryptocurrency to every person on the planet. To achieve this, it plans to use biometric identification technology for a fair and equal distribution. The project aims to provide universal basic income and promote financial inclusion globally. 

Neobank platform Hi has secured $30M in funding and shared their vision for an NFT debit card offering. Their founder is predicting cards could bridge the gap between physical and digital assets, allowing users to own unique NFT-based debit cards representing their identity and assets. This innovation could revolutionize the financial landscape in the realm of blockchain and NFTs.

Elon Musk is proposing to build his own stablecoin, Musk, but proposed legislation regulating stablecoins in the US may impact this.

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