Former US Congressman Ron Paul says Bitcoin should be recognized and legalized as money in the United States, so that it can compete freely with the dollar. 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.
Bitcoin and Blockchain Adoption
📍Former US Congressman Ron Paul calls for Bitcoin to be recognized and legalized as money in the United States and not taxed by the state. For Paul, Bitcoin is a cryptocurrency that competes strongly with the US dollar, which is losing its value due to the country's massive and uncontrolled money printing over the last year.
Paul I speak with Kitco, a financial news agency, to emphasize that the United States should legalize Bitcoin as money and let it compete with the dollar, so that people can have the freedom to choose which currency they want and prefer to use.
📍Comscore notes that investments in cryptocurrencies and digital assets in Latin America grew by more than 100% between November 2020 and February 2021. The Internet marketing research company conducted a recent study to find out the interest that exists for digital assets in the region today. The results show that there was a growth of more than 100% in crypto investments and that Argentina and Colombia are leading this growth.
📍Zhang Nangeng, CEO of bitcoin miner manufacturer Canaan, believes that China cannot ban cryptocurrency mining that is done with energy-efficient equipment and powered by clean energy. Let us remember that the Asian power is implementing strong measures to restrict Bitcoin mining, citing environmental problems due to the high energy consumption of the network.
However, during a conference call, Nangeng expressed that China's regulatory measures cannot be applied to bitcoin mining that is done with clean and sustainable energy, opposing the government's indiscriminate repression against this activity. Firstly, Nangeng highlighted that most bitcoin miners are located in regions where there is a large surplus of energy, which is not properly used; in addition, he recalled that mining farms “They help create jobs in impoverished regions and contribute to the tax coffers”.
📍New job openings at JPMorgan reveal the bank is gearing up for new digital services. JPMorgan has at least 34 vacancies related to the world of technology blockchain and cryptocurrencies, , which shows that the bank is strengthening its work team and preparing for new financial services with digital assets, which as many have said, are the future.
JPMorgan's vacancies include: Merchant Services-VP for new payment methods, Risk Manager of Cryptocurrencies, Senior Blockchain Engineer, among several others.
NFT and DeFi Markets
📍Arcx protocol has launched a new DeFi passport called Sapphire v3, allowing users to easily access decentralized financial products. The idea behind the new DeFi passport is to create and verify an on-chain reputation for each user, but in a pseudonymous way. In this way, users will be able to build their own identity and reputation on the blockchain as a “credit score”, using it to access decentralized financial products with greater ease and confidence.
Miners
📍NortonLifeLock has released a new security and antivirus software that allows mining ethers. According to statements Norton Crypto is the new companion tool to Norton 360 that will allow users to mine ethers in a simple and secure way. The new crypto mining tool will be activated in the coming days, NortonLifeLock said.
Development and Technology
📍Matter Labs has released the alpha version of zkSync 2.0, which will enable rollups on Ethereum with the capacity to process thousands of transactions per second. The developers shared a publication explaining how the alpha version of zkSync 2.0 works. They also announced a block explorer that will allow viewing rollups that are already running on testnet. For the moment, zkSync 2.0 has been activated on Rinkeby, one of Ethereum's testnets.
Rules and Regulations
📍Ripple Labs CEO Brad Garlinghouse files motion asking US SEC to investigate documents from 15 cryptocurrency exchanges. Ripple Labs' battle against the SEC, which filed a lawsuit against the company citing violations of US securities laws, is far from over. However, Ripple's victories with the regulator have boosted the value of its token. XRP, which had lost much of its value after the lawsuit was filed.
With the research that request Garlinghouse to the SEC about the exchanges, Ripple's CEO seeks to make the regulator understand that, in his opinion, the United States securities laws were not violated, in particular, Section 5 of the Securities Act of 1933.
📍The UK Financial Conduct Authority (FCA) has decided to extend the registration deadline for cryptocurrency companies until March 31, 2022. In a release, the FCA notes that a significantly high number of firms are not meeting the standards required by the Money Laundering Regulations, making it essential to extend the registration deadline and allow time for cryptocurrency companies to continue operating while the FCA continues its robust assessments.
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