Bitcoin and Ethereum are on the rise, with their value increasing by 3% and 5% in the last few hours, respectively. A historic German bank founded in 1798 accepts Bitcoin and will begin to safeguard it. 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
📍The price of Bitcoin (BTC) surpassed the barrier of $52.500 USD per unit on March 8, with an increase of 3% in the last hours and with a market capitalization of almost 980 one billion dollars. It seems that the news of the new US stimulus package is driving an uptrend for BTC, after a week full of ups and downs. The current value of the cryptocurrency is the highest value seen so far this month.
📍Following in the footsteps of Bitcoin, Ethereum (ETH) It is also growing in value, and on March 8th it reached $1.830 USD per unit, its highest value to date. The increase in the value of ETH is also driven by the imminent arrival of its Berlin upgrade, which will activate several proposals for improvements to the network to guarantee its performance and security.
Bitcoin and Blockchain Adoption
📍The German bank Donner & Reuschel, one of the oldest banks in the country founded in 1798, will offer financial and custody services for Bitcoin and cryptocurrencies. According to a Spanish President Pedro Sánchez’s announcement Shared with a local media outlet, Donner & Reuschel clients will soon be able to conduct business transactions and hold their digital assets at the bank.
Marcus Vitt, CEO of Donner & Reuschel, said he was convinced of the potential of the technology blockchain and cryptocurrencies, as the evolution of classic securities transactions.
📍Morgan Stanley y Soros Fund Management invest in cryptocurrency company NYDIG, subsidiary of Stone Rigde Holdings Group. An release As shared by NYDIG, the firm confirmed a $200 million investment round, with the participation of Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments as investors and strategic partners. As explained Robert Gutmann, co-founder and CEO of NYDIG, the resources will be used to create innovative, cutting-edge tools and products capable of incentivizing “strategic initiatives related to Bitcoin,” spanning investment management, insurance, banking, clean energy and more.
“These partnerships leave no doubt that institutional adoption of Bitcoin has arrived, and furthermore, that NYDIG is the partner of choice for serious financial services firms with the highest fiduciary and due diligence standards. In the months and quarters ahead, expect an explosion of innovation in Bitcoin products and services delivered by NYDIG, in partnership with our new investors.”
NFT and DeFi Markets
📍The famous fast food restaurant chain, Taco Bell, fell in love with the potential that non-fungible tokens (NFT) are showing in the markets, so he is launching his own collection of NFT crypto-collectibles on the Ethereum blockchain.
Taco Bell Crypto Collectibles Are Now Available on the Market Rare, where there are already offers for up to $1.700 USD, about 0,7 wETH. The restaurant chain's collection of NFT tokens contains 25 GIF images, videos and other artistic representations.
📍The NFT of Banksy's Morons artwork, which was burned last week, is auctioning for over $400.000 USD on the NFT marketplace OpenSea. Valued at 228 ETH, roughly $407.900 USD, the blockchain-tokenized Morons is now worth 6 figures, and more than 4 times the value of the physical artwork certified by Pest Control.
📍In the last 30 days, the NFT market has gained value for more than 500 million, according to the data it shows DappRadar. The platform for collectible video moments and plays, NBA Top Shot, has been the biggest catalyst for the market, with nearly $300 million in trading volume. It is followed by the NFT market OpenSea and the Ethereum collectibles project Cryptopunks, with trading volumes of $110,5 million and $90,3 million, respectively.
Development and Technology
📍Akash network, a project developed by Overclock Labs, has just announced the launch de Akash Mainnet 2, one of the world’s first open-source decentralized clouds, designed to accelerate user growth and scalability within blockchain ecosystems. This decentralized cloud offers a viable alternative and option to centralized cloud providers such as Amazon Web Services, Google Cloud, and Microsoft Azure.
Continue reading: Gateway, the new network that Compound is preparing to offer interoperable loans on blockchains
