AXS is leading the crypto market with a growth of more than 110% in the last week, which led it to reach a new historical high. Meanwhile, Twitter sees its future in Bitcoin to offer new services; Amazon wants to enter the world of cryptocurrencies and Facebook bets on being a metaverse in the coming years. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Axie Infinity's AXS token hits a new all-time high. The value of AXS hit a new all-time high this week reaching $49 per unit showing a growth of 140% in the last 7 days. The popularity of Axie Infinity among gamers, who see Axie as a tool to create real value, has skyrocketed the value of its token governance by more than 1.000% in the last month.
📍Bitcoin and cryptocurrencies close the week with green prices. El market The cryptocurrency market closed weekly with most of the Top 10 cryptocurrencies in the green. BTC, ETH, DOGE, UNI, DOT, all show growth of more than 10% at the time of this writing, while SAND, FLOW, LUNA, THETA, and MANA reached growth between 20% and 80% in the last week. As mentioned, AXS, the governance token of Axie Infinity, is leading the markets with an appreciation of more than 140%.
BTC is trading at a value very close to $34.000 while ETH exceeded $2.150 per unit.
Bitcoin and Blockchain Adoption
📍Amazon looks to cryptocurrencies, seeks product leader with blockchain experience. The recent publication Amazon shows interest in cryptocurrencies and technology blockchainThe e-commerce giant is looking for a product leader with experience in the crypto industry and blockchain networks to develop new strategies alongside its Payments Acceptance & Experience team. It seems that the American company is considering the possibility of integrating cryptocurrencies into its payment methods.
Also, Amazon’s post talks about creating a roadmap for Amazon Digital Currency and integrating blockchain to improve its customer experience on Amazon Web Services (AWS). Amazon has been observing the crypto industry for a few years and assured that its recent post is motivated by the innovation and revolution it sees within the crypto market currently.
📍Jack Dorsey says Bitcoin will be part of Twitter's future. During the conference On a call regarding Twitter's results for the second quarter of 2021, Twitter CEO Jack Dorsey said that the cryptocurrency market leader will be an important part of the social platform's development strategies. Specifically, Dorsey noted that Bitcoin will help transform the products and services Twitter offers its customers.
Artificial Intelligence and decentralization will also be part of Twitter's innovation and development.
📍Research firm Gallup reveals that 13% of American adults own bitcoins. According to poll When the firm surveyed American investors, adults between 18 and 49 years old with more than $10.000 invested in financial products, investment in bitcoin this year grew 4% compared to the 2018 figure. Gallup points out that bitcoin has gained great traction among young American adults in the last 3 years.
Cryptocurrency is gaining attention among investors in the country, the firm notes. Now 34% of American adults say they are interested in bitcoin as an investment asset, up from 26% in 2018. Gallup also indicates that awareness and risk perception about BTC has increased and that more and more American citizens are becoming familiar with cryptocurrencies and digital assets every day.
NFT and DeFi Markets
📍Benyamin Ahmed, the 12-year-old boy who earned more than $160.000 with his NFT collection. Ahmed, of English origin, created a collection of NFT call Weird Whales, consisting of 3.350 whale-inspired tokens, sold in less than 1 day for more than $160.000 on the OpenSea marketplace. The NFTs feature different and strange pixelated whale drawings similar to the famous CryptoPunks.
Benyamin Ahmed is the son of a web developer, so his entry into the world of technology occurred at a very early age.
Development and Technology
📍Facebook founder Mark Zuckerberg wants to turn the social platform into a metaverse company. Zuckerberg counted The CEO told The Verge about his ambitious plans to transform Facebook into a virtual world without limits. The CEO said he is working to take Facebook, the world's largest social network, to the next level, in order to become an interconnected digital ecosystem that allows its users to live unique experiences like a metaverse.
“We will indeed move from people seeing us primarily as a social media company to being a metaverse company.”, Zuckerberg said.
CBDC and Central Banks
📍The Central Bank of Nigeria will begin testing its CBDC in October. According to declaration From a person present at a private meeting of the central bank, the first test pilot for its digital currency CBDC The source said that the Central Bank of Nigeria's chief information officer, Rakiya Mohammed, said the bank is ready to begin testing and developing the digital currency to cope with the growth of cryptocurrencies in the country.
In June, Mohammed said that the central bank would begin developing its CBDC before the end of the year.
Cybersecurity
📍THORChain hacker warned developers about several critical protocol issues. The protocol attacker DeFi THORChain sent a message to developers warning that there are several critical issues in the code, which allowed the $8 million exploit that the hacker executed on Friday. According to the attacker, the exploit was able to result in a larger sum due to the bugs present.
So far this month, THORChain has lost $13 million in two hacks executed within days of each other. Developers have assured users who suffered losses will be compensated by the platform while the network has been halted to prevent another attack while the investigation is underway. RUNE, the protocol's native token, has fallen 33% in the past month and is trading at around $XNUMX million. $3,7 at the time of this edition.
📍Kaseya, the global software provider, has obtained the universal key to decrypt the systems affected by the hack that occurred earlier this month. The company specialized in Information Technology (IT) published which has obtained a decryptor to reverse the REvil group’s ransomware attack, which affected nearly 40 local customers and approximately 1 million associated systems. “We are working to remediate customers affected by the incident,” the company said in its statement, mentioning that it obtained the key from a third party, without giving further details.
The REvil hackers were demanding a $70 million ransom from Kaseya to decrypt systems and files affected by the ransomware.
Continue reading: JPMorgan reports that all its clients can now invest in cryptocurrencies
