Razzlekhan, the Bitfinex-backed rapper, released a new music video this week. The artist, whose real name is Marguerite deCourcelle, is known for her contributions to the crypto community, having designed the first-ever NFT back in 2014.
The video, titled “Proof of Beauty,” features vibrant visuals and lyrics that touch on blockchain themes. The video premiered on YouTube, showing a strong reception from the community.
The release follows Razzlekhan’s recent collaboration with Lil Yachty on a track called “Bitcoin Anthem,” further cementing her position in the intersection of music and cryptocurrency.
Bitcoin’s price slump
Bitcoin experienced a significant price drop this week, hitting its lowest point since October 2021. The digital asset fell to around $33,000, marking a 8% decrease within 24 hours.
The drop comes amid a broader stock market slump, with analysts attributing the decline to a combination of factors, including regulatory concerns and rising interest rates.
While the price slump has caused concern among some investors, others view it as a buying opportunity. According to data from CoinMarketCap, trading volumes have increased, suggesting that many are taking advantage of the lower prices to buy more Bitcoin.
Bhutan’s Crypto Reserve
The city of Thimphu, Bhutan, has adopted a crypto reserve strategy, which includes Bitcoin, Ethereum, and BNB. This makes Thimphu the first city in Bhutan to embrace cryptocurrency.
The move is part of a broader plan to attract digital asset businesses and promote technological innovation in the city. Bhutan’s central bank, the Royal Monetary Authority, has also expressed interest in testing a central bank digital currency (CBDC).
The city’s crypto reserve strategy is expected to be rolled out in phases, with the first phase focused on regulatory infrastructure and cryptocurrency education.
These are the major headlines from the past week, reflecting the continuous evolution of the cryptocurrency landscape. From legal battles to new music videos, the crypto world continues to intersect with various facets of our lives. The coming week promises to be equally exciting, and we will be here to deliver the latest updates from the world of cryptocurrency.
