American carmaker Tesla has revealed the sale of $272 million worth of Bitcoin, while the Caribbean island of Bequia announced that it will accept BTC in all its businesses and shops as its main currency. 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 increase in the hash rate of the network Bitcoin (BTC) has a positive effect on the price of the cryptocurrency, which is trading at around $54.000 per unit at the time of writing. Bitcoin experienced several drops last week, with its price reaching the $47.000 level, triggering several sell-offs in the market.
Bitcoin mining power is above 153 EH/s, while transaction fee rates are between 4 and 7 dollars currently.
📍Tether (USDT), the stablecoin most used on the market, surpassed the 50.000 million in market capitalization. USDT is the fifth largest coin in digital markets, surpassed by XRP (Ripple), whose capitalization grew to more than 63.000 billion dollars with the recent bullish momentum experienced by its token.
Bitcoin and Blockchain Adoption
📍Tesla Bitcoin is causing controversy on social media for its recent announcements about the sale of a percentage of the bitcoins it held as an investment. The car manufacturing company announced in February the investment of 1.500 billion dollars in the cryptocurrency. However, in its latest report it revealed the sale of 272 million dollars in BTC.
Company owner Elon Musk said on Twitter that this is only 10% of Tesla's investment in Bitcoin, while others claim it is 15% to 20% of the company's Bitcoin holdings.
📍Bequia, the second largest island in the Caribbean archipelago of the Grenadines in the Caribbean, announced this Monday that all its businesses are authorized to accept Bitcoin as a means of payment, becoming the first region in the world to fully adopt Bitcoin as its main currency.
📍The Spanish health clinic, Biziondo, is preparing to start accepting Bitcoin as a means of payment from next July. In a note According to Forbes Business, the healthcare company reported that it will begin to adopt bitcoin as the new digital gold, which has already begun to revolutionize the world with its technology and its alternative financial system.
The clinic manager, David Izquierdo, said that Biziondo is “the first medical group at the provincial and state level to bet on this digital technology.”
📍In Nigeria, the luxury hotel George Residence becomes the first in the country to accept payments in bitcoins and to maintain cryptocurrencies as a reserve of value. noticia It was revealed by a local media outlet, which revealed George Residence's decision to adopt Bitcoin as his primary store of value, as well as a new form of payment.
📍21Shares opens an ETP for Cardano and another for Stellar on the largest Swiss stock exchange. This Monday, the investment products company added two new ETPs to its product offering. The new ETPs, the Cardano APA (ADA) y Stellar XLM (XLM), are now listed on the Six Swiss ExchangesThese cryptocurrency exchange-traded products (ETPs) provide more options for investors who want to participate and expand their investments into the digital ecosystem.
CBDC and Central Banks
📍JD.com, China's largest online shopping platform, is starting to pay some employees' salaries with the DCEP, the digital currency CBDC from China. According to a report According to the company, payments with the digital yuan have been made since the beginning of the year.
In addition to using DCEP to pay the salaries of some of its employees, JD also made payments to companies such as Unis Electronic Business and Chongqing Xin Ririshun Electric Sales, and helped conduct settlements between Unis Electronic Business's Bank of Communications and Bank of China using the digital currency.
Development and Technology
📍Microsoft e Intel join forces to promote the development of more secure systems that are protected against cryptojacking. According to Spanish President Pedro Sánchez’s announcement As recently shared by Intel, both technology firms will expand the use of Intel’s Threat Detection Technology (TDT) to enhance their machine learning (ML)-based cryptomining detection capabilities. According to the release, this move further accelerates endpoint detection and response for millions of customers without compromising user experience.
Rules and Regulations
📍After losing a legal battle against Ripple Labs executives when the court denied the SEC access to the personal finances of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, the regulator is back on the offensive, seeking information about the company’s finances internationally.
The United States Securities and Exchange Commission (SEC) is trying to gather information on the company's financial transactions in several countries, requesting authorization from New York District Judge Sarah Netburn to collect this information.
📍Venezuela publishes new regulations for the cryptocurrency space in its Official Gazette. According to the Gazette No. 42.110 dated April 21, 2021, the exchanges Cryptocurrency providers, service providers, cryptocurrency wallets and ATMs must comply with the new regulations imposed for the control, administration and supervision of risks related to money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction, which may occur through suppliers, persons and entities that provide services with cryptoassets in the Comprehensive Cryptoasset System.
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