The PortAventura theme resort will accept bitcoin as payment next season, while the British Museum is preparing to auction NFTs for the first time. These and more news in this handy daily digest so you're always up to date with the latest events happening in the crypto world.
Cryptocurrencies and altcoins
📍‌DeFi tokens continue to lead the crypto market recovery as DEXs emerge. The recent bans imposed by China on the cryptocurrency market are driving the use of decentralized exchanges, known as DEX. At the time of this writing, the tokens of DeFi COTI, LUNA, UNI, DYDX and REN all show an increase of more than 30% in the last week.
The DeFi ecosystem has seen a surge in activity; in the past week, trading volume on DEXs has grown by 4%, while the total value locked within the ecosystem at large has increased by 5,7 %. Uniswap, which is the most used and in-demand DEX, is moving close to $12.000 billion in trading volume per week, as shown by the data from Dune Analytics.
Bitcoin and Blockchain Adoption
📍‌Spanish entertainment complex PortAventura will accept bitcoin payments. Via Twitter, the PortAventura theme park and theme hotel resort announced that it will accept Bitcoin (BTC) as a means of payment for its services. In the announcement, PortAventura points out that users will be able to book at its facilities with this cryptocurrency from next season.
NFT and DeFi Markets
📍‌The British Museum will auction off a collection of NFTs by artist Katsushika Hokusai. Works by Japanese artist Katsushika Hokusai, created between 1820 and 1840, are to be displayed for the first time as non-fungible tokens (NFTs) at the British Museum. The London-based museum is partnering with French startup LaCollection to make its first foray into the world of blockchain and NFTs. According to reported The GuardianThe collection will consist of more than 200 works by the artist, of which 103 works have never been seen.
Craig Bendle, licensing manager at the British Museum, said they are very excited about their partnership with The Collection to explore innovative new ways of looking at art within the growing NFT token market. “It is so important that as a museum we continually adapt to new markets and find new ways to reach people we may not reach through traditional channels,” Bendle said, acknowledging the disruptive potential of new technologies.
Miners
📍‌Bitcoin miners want to partner with nuclear power plants to sustain their activity in an environmentally friendly way. Un reportage The Wall Street Journal reveals that bitcoin and other cryptocurrency miners are forming alliances with nuclear power plant operators to take advantage of their energy surplus and minimize risks to the environment. The controversy regarding the energy consumption of cryptocurrency networks Proof of WorkPoW) has increased as cryptocurrencies have become more well-known and popular, especially Bitcoin; although numerous studies They show that, in reality, this cryptocurrency consumes less than 0,1% of global energy.
📍‌Spark Pool, the second largest Ethereum mining pool, will close its services due to Chinese regulations. The Ethereum mining company, which controls 22% of the hash rate of this network, reported the suspension of its crypto mining services due to the new restrictions implemented by China on cryptocurrencies. In the releaseSpark Pool reports that its services were suspended last Friday for new users who are Chinese citizens, while for existing users residing in China or abroad, services will be suspended on September 30.
The Ethereum mining company reported that it will close all its mining businesses to comply with the new regulatory requirements imposed by the Asian nation. Recently, authorities in the province of Inner Mongolia reported about an operation in which 10.100 crypto mining equipment were seized.
Rules and Regulations
📍‌The U.S. House of Representatives will vote on the Infrastructure Bill next Thursday. House Speaker Nancy Pelosi has set Thursday, September 30, as the date for the chamber to vote on the controversial infrastructure bill, which seeks to raise billions of dollars from various industries, including cryptocurrencies, over the next 10 years.
Although lawmakers have divided opinions regarding this bill, Pelosi manifested The US Senate has given the House confidence that the legislation will be passed this week. The US infrastructure bill was passed by the Senate in early August, causing great controversy in the crypto community. The US Senate approved the bill in its original form, so both cryptocurrency companies and service providers, as well as miners, validators and software developers could be subject to strict reporting and tax requirements in the country. The bill was approved by the Senate and sent to the House without considering the amendments proposed by several congressmen, such as Cynthia Lummis, who want to protect the innovation and development of cryptocurrencies to ensure the leadership of the United States within this growing industry.
📍‌Indonesia regulates cryptocurrencies, but does not ban them. According to statements According to Muhammad Luthfi, Indonesia’s Minister of Trade, cryptocurrencies are being regulated in the country, but not banned altogether. Luthfi clarified that the use of cryptocurrencies as a means of payment is what is being banned in the country, but citizens can invest and trade in these digital assets freely.
The measures imposed by the Indonesian government aim to minimize the risks of crime and losses due to volatility; however, it gives the green light to the trading and negotiation of cryptoassets. In the last year, local cryptocurrency platforms have seen a significant increase in their activity and transaction volume.
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