Reddit user “Optimal-Dentistador” has hidden 0,003 bitcoins in a 100-year-old time capsule located in a public library in Europe. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍The private keys to 0,003 bitcoins were hidden in a 100-year time capsule. In a public library in Europe, Reddit user “Optimal-Dentistador” has hidden a letter along with the address and the private keys of 0,003 bitcoins for 100 years. Optimal-Dentist wrote on Reddit that he had hidden the bitcoins as part of a fun and creative experiment, which will last for 100 years. Time capsules are airtight containers where people can store messages or objects from the present to be found by generations in the future. To ensure that the bitcoins cannot be spent until the estimated date, user “Algorade” has recommended that “Optimal-Dentistador” set a time lock on the BTC for 100 years.
Optimal-Dentistador only indicated that the private keys of the BTC The time capsules were stored in a public library in Europe, though the name of the library or its exact location were not revealed. In his post, the user wondered what would become of Bitcoin in the next few decades, what the chances would be that the Bitcoin network would still be running in the year 2122, as well as what block reward would exist by then. Currently, the value of the bitcoins stored in the time capsule is about $130, What will these bitcoins be worth in 100 years?
NFT and DeFi Markets
📍Video game giant Zynga confirms its entry into the world of NFTs. Zynga, the California-based social game developer and creator of franchises such as FarmVille, has confirmed that it will enter the world of non-fungible tokens with its own NFT video games.
Matt Wolf, Zynga's vice president of blockchain gaming, revealed Wolf told Axios that the company has big plans to develop new blockchain and NFT-based games this year. Zynga will expand its development team from 15 to 100 people to focus on creating new Web3 experiences for its millions of players around the world. Additionally, Wolf noted that Zynga will be making major acquisitions and partnerships to expand into the crypto and blockchain world.
Miners and Validators
📍Bitcoin hash rate hits new all-time high. According to the data from Blockchain.com, the hash rate Bitcoin's hash rate, or its computational power, has surpassed 191 EH/s second for the first time since its birth in 2009. Data from the platform shows that in the past year, the hash rate of the Bitcoin network, the most capitalized in the world, has grown by 101%. Other platforms, such as YCharts, show a computational power for Bitcoin of up to 248 PE/s currently.
Source: Blockchain.com
The recovery in Bitcoin's computing power is related to the installation of new equipment and the expansion and growth of several mining farms around the world. In the United States, the country with the highest Bitcoin hash rate today, mining companies such as Sphere 3D are increasing their operations on the blockchain network significantly. Last week, this miner signed a purchase agreement for 60.000 BTC mining rigs for almost $1.700 billion.
Development and Technology
📍The story of the Bitfinex hack will be a documentary on Netflix. The popular entertainment and streaming platform will release a documentary about the well-known hack that occurred on the Bitfinex cryptocurrency platform in 2016, in which it lost 119.756 bitcoins, currently valued at more than $5.000 billion. documentary will focus on telling the story of the New York couple arrested recently by the United States government, for allegedly being directly involved in attempts to launder money from bitcoins stolen from the platform.
Rules and Regulations
📍The US Securities and Exchange Commission (SEC) could fine BlockFi $100 million. The US regulator has accused financial company BlockFi of trading unregulated securities in the country, for which it is currently facing an investigation. According to reported Bloomberg, SEC could reach a settlement with BlockFi for $100 million.
According to the report, the SEC is investigating whether the business model promoted by BlockFi, which offers traditional financial products such as loans and savings accounts with high interest rates using cryptocurrencies, are similar to securities that must be registered with financial regulators. If announced next week, this would be one of the harshest sanctions imposed by the SEC on a company in the crypto industry.
Continue reading: The value of AXS and SLP, from Axie Infinity, skyrockets after the arrival of Season 20 of the blockchain game
