Investor and presenter Kevin O'Leary has diversified his cryptocurrency investment portfolio, adding new assets and focusing his strategies on the Metaverse and Web3. This and more news is in this handy daily digest so you're always up to date with the latest events happening within the crypto world.
Cryptocurrencies and stablecoins
📍Shark Tank's Kevin O'Leary holds 5% of his assets in Bitcoin and is interested in the Metaverse and Web3. Shark Tank star and financial guru Kevin O'Leary reaffirmed that 5% of his wealth, estimated at over $400 million by the end of 2021, is held in Bitcoin (BTC), a digital asset whose value “it will never go to zero”, according to their predictions.
The Canadian presenter also revealed that he is diversifying his crypto portfolio towards other digital assets, such as Ethereum and Solana, which he considers to be software rather than simple tokens. O'Leary also said that he is focusing his investment on the Metaverse and Web3, to bet on projects with real economic value that offer solutions to existing problems.
O'Leary's recent words contrast with the opinion that the investor held about the cryptocurrencies, in 2019, when he referred to Bitcoin as “garbage.”
Bitcoin and Blockchain Adoption
📍Bitcoin and cryptocurrency adoption in Nigeria continues to grow. The last report KuCoin’s Cryptoverse reveals that over 33 million people in Nigeria have traded cryptocurrencies in the past 6 months. This figure represents nearly 35% of the adult population in the country.
📍Apple is seeking a senior legal advisor with knowledge and experience in blockchain and cryptocurrencies. Apple has posted a job opening for a senior legal counsel, who has extensive experience in the world of cryptocurrencies and blockchain technology. In the publicationThe tech giant added that the candidate for the position must be an entrepreneur, who likes technology, with solid knowledge and experience as an advisor in digital identity solutions, mobile wallets and other related technologies.
Since 2019, the American company, with more than $2,7 trillion in market capitalization, has been talking about cryptocurrencies. As Forbes reports, several Apple executives have been confirming the company's interest in the potential of crypto assets for years. Last month, Apple announced that it would be interested in cryptocurrencies. full your Apple Pay payment app to the cryptocurrency wallet Dappradar, to bring iPhone users closer to this new financial system and digital economy.
Innovation, Development and Technology
📍USDC developer Circle will close a $400 million funding round with major investors including BlackRock and Fidelity Management. The company that created the stablecoin USDC wants promote its strategic growth as demand for stablecoins grows globally. Circle’s $400 million funding round is expected to close this second quarter. The stablecoin company’s investors include BlackRock, Fidelity Management, Marshall Wace, and Fin Capital.
📍IOST Foundation Launches $100M Fund for EVM Developers The IOST Foundation, which develops the next-generation smart contract platform for IOST DApps, has thrown out a $100 million incentive fund for developers of EVM (Ethereum Virtual Machine). Through this fund, the organization wants to encourage the creation of multi-chain solutions and tools on Ethereum, which make the network more compatible, interoperable and accessible.
All EVM developers, working on both IOST and other supported blockchains, can apply for grants to fund their projects and ideas through the IOST Foundation. The Foundation will also allocate funds to the development of tools and protocols based on DeFi, NFT, GameFi, Web3, and Metaverse.
Rules and Regulations
📍The U.S. Federal Deposit Insurance Corporation (FDIC) orders banks to disclose their activities and plans in the crypto industry. A letter The FDIC's recent order requires banks in the country to report on their activities related to cryptocurrencies or, where appropriate, to disclose their future plans to participate or offer services related to these digital assets.
The government agency stated that it is essential to know the plans or activities that its supervised banking and financial institutions are carrying out within the crypto industry, in order to manage the associated security and stability risks.
Continue reading: Tesla, Block Inc and Blockstream team up to mine Bitcoin with solar energy
