Jim Cramer is amazed by Bitcoin's incredible performance, while Brave prepares to enter the world of DeFi. 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
📍Jim Cramer, host of Mad Money on CNBC, thanked Anthony Pompliano for motivating him to invest in Bitcoin, and assured that the cryptocurrency made him a lot of money. In a Espaitec's, Cramer was grateful that Pompliano encouraged him to invest $500.000 in BTC, which is now worth close to $2,5 million. Cramer criticized the gold investment, noting that he has been investing in the metal for 30 years and had not seen returns like he saw in Bitcoin. The CNBC host says he now only has 5% of his portfolio in the precious metal, and another 5% in BTC.
📍Former Commissioner of Japan's Financial Services Agency (FSA), Toshihide Endo, joins the firm DeCurret as a special advisor. According to the release At the cryptocurrency company, Endo will be responsible for advising on management policies and strategy for the company's businesses related to cryptocurrencies and digital assets.
Miners
📍Blockcap, a company mining is. US-based cryptocurrency exchange, announced the purchase of another 12.000 ASIC mining equipment for Bitcoin, with which it intends to increase its mining power. hash rate on the network. The company aims to deploy 40.000 Bitmain Antminer S19s ASICs by the end of 2021, and command a hash rate of 3,5 exahashes per second (EH/s), about 2% of the mining power currently available in Bitcoin. Blockcap CEO, Darin Feinsten, said that the company's new acquisitions are part of a strategic plan to position the United States as a global leader in this growing industry.
NFT and DeFi Markets
📍Crypto.com joins the trend of the NFT announcing the launch of a digital platform for NFTs on March 26. According to the company's announcement, the platform will have exclusive content from music artists Snoop Dogg, Axel Mansoor, Lionel Ritchie and Boy George as well as street artists such as Mr. Brainwash. In its publication blog, Crypto.com also stated that it will launch what will be “the world’s largest and most user-friendly NFT platform”.
Development and Technology
📍The privacy-focused browser, Brave, is preparing to integrate its native token BAT into the BSC blockchain. According to the Spanish President Pedro Sánchez’s announcement, BAT will integrate with BSC to accelerate ecosystem adoption and innovation DeFiThe token will be launched on this blockchain as a wrapped token, which will connect the Ethereum and BSC networks. By the end of this year, Brave plans to set up a BSC-supporting wallet by default.
The integration will allow BAT users to participate in DeFi protocols built on the BSC, such as PancakeSwap, BakerySwap, Beefy Finance, Venus, DODO, OpenOcean, and Autofarm.
📍Mina Protocol announces the launch of its “Lightweight” mainnet, based on proof of stake (PoS) and the ZK-snarks, copying the model of Zcash to preserve the privacy of users. The new network developed by O(1) Labs aims to promote and ensure Internet privacy and data security. The company's CEO, Evan Shaprio, said that it is a lightweight network with an unorthodox design.
Regulations
📍Chile pide amend current legislation to allow commercial banks to work with FinTech products, and be on par with other countries in the region, such as Brazil, Mexico, Peru and Colombia. Several companies in the financial industry are beginning to point out that the country is falling behind in new technological innovations, so it is essential to modify current banking regulations to favor the means that allow financial institutions and institutional investors to participate and invest in the growing FinTech industry.
📍The Tenerife Island Council ordered the sale of a small amount of bitcoins found in the ITER, considering the cryptocurrency as a dark and volatile asset that cannot be declared to the national tax authorities. The president of the Island Council, Pedro Martín, pointed out that it is a small amount, which at the moment will be valued at around 1 million euros, although ITER invested some 15.000 or 20.000 dollars at the time of its acquisition.
Meanwhile, Martin's actions are causing various reactions in the community. For example, entrepreneur Isidro Quintana, he pointed that a public investment of 20 thousand euros that turns into more than 1 million euros “is a blessing”, which Martin could have used intelligently, “for example to improve the 70% youth unemployment” instead of attacking citizens due to ignorance.
📍Amidst possible cryptocurrency regulations and bans in India, Nandan Nilekani, co-founder of the technology company Infosys, defended the freedom and autonomy that comes with using cryptocurrencies in the country and the world. Nilekani believes that India should allow its citizens to hold cryptocurrencies as a store of value asset going forward, as they are a market with huge capital that will continue to grow.
📍One of the exchanges South Korea's most widely used cryptocurrency exchange will close its doors in the country when new anti-money laundering regulations come into effect on April 7. An OKEx Korea executive ensures that the regulations are too “difficult” and full of obstacles to continue providing services in this country. The exchange warns users of the service of its closure so that they can withdraw all funds stored within its platform.
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