Zoltan Pozsar of Credit Suisse indicated that the current war between Russia and Ukraine will undermine the current financial system, which could boost Bitcoin as an alternative. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Zoltan Pozsar of Credit Suisse believes that the Russia-Ukraine war could favor Bitcoin. Global head of short-term interest rate strategy at financial services firm Credit Suisse, Zoltan Pozsar, believes the Russia-Ukraine war will create a new monetary order that could highlight the potential of Bitcoin and cryptocurrencies as a financial system alternative. As he explains in a recent report, a new crisis is developing that will undermine the current financial system.
“When this war is over, “money” will never be the same… and Bitcoin (if it still exists then) will probably benefit from all of this”He said.
📍VanEck Seeks SEC Clearance to Launch Gold Mining and Digital Asset ETF. VanEck Gold and Digital Assets Mining ETF is the new exchange-traded investment fund launched by global investment manager VanEck. The company presented a application authorization for its new ETF before the United States Securities and Exchange Commission (SEC).
NFT and DeFi Markets
📍Yield Guild Games (YGG) has allocated over 20.000 scholarships to Axie Infinity players. The Play to Earn gaming guild marked a new milestone by surpassing 20.000 Play to Earn scholarships for Axie Infinity. In total, YGG notes that it has integrated more than 27.000 interns into the Axie Infinity gaming ecosystem.
YGG's Play to Earn scholarship program helps interested people enter gaming economies, such as Axie Infinity, that require an initial investment that they often cannot cover.
📍Tokens.com Corp is staking its CryptoPunks NFTs on DeFi. The company dedicated to investment in the crypto industry and Web3, reported which is exploring new applications in the decentralized finance sector (DeFi). Tokens.com is using the cryptopunks it owns to stake decentralized protocols, as a way to generate new income for the company. Tokens.com used an NFT-DeFi platform that allows users to provide liquidity, request loans, and trade non-fungible tokens.
Development and Technology
📍Ledger launches limited edition of its Nano S hardware wallet focused on NFTs. The manufacturer of hardware wallet Ledger reported that its new Ledger Nano S Plus “Genesis” edition device will allow users to securely store and manage their NFT tokens and explore the Web 3. The Ledger Nano S Plus Genesis edition is limited, with only 10.000 devices to exist.
📍Digital fashion firm UNXD raises $4 million to power the Metaverse. Animoca Brands and Polygon Studios led UNXD's recent $4 million funding round. The company dedicated to virtual fashion reported that it will use the resources to scale its business and boost the culture and utility of the Metaverse. UNXD, the brand that helped Dolce & Gabbana launch its first virtual fashion collection on NFT and which organizes the Metaverse Fashion Week later this month, help other brands in the fashion industry unlock and access the opportunities that the virtual world offers.
Cybersecurity
📍Pionex is exploited and its users suffered losses of more than $2,3 million. Crypto blogger Colin Wu reported that the Pionex trading bot was recently exploited, causing losses of more than $2,37 million in cryptocurrency. During the attack, around 50 Pionex users were affected, losing 44,6 BTC (approximately $1,76 million) and 230 ETH (approximately $604.200). However, Wu reported that the funds have already been returned to the affected users, while the creators of the bot request the collaboration of the exchanges to block the stolen funds.
📍Zachxbt detects suspicious code that could affect 31 NFT projects. On his Twitter account, blockchain researcher Zachxbt said that suspicious code found in Thestarlab's smart contract could put 31 other NFT projects at risk. As he explains, the 31 NFT projects mentioned used the services of contract developer Fiverr to implement the contract with the suspicious code.
Rules and Regulations
📍Chinese authorities stop a Bitcoin mining farm in Guangdong province. A cryptocurrency miner who was operating 190 machines in Guangdong province has been detained by authorities in China. The 190 miners who operated the farm were confiscated by the provincial Development and Reform Commission, reported a local medium. The crypto mining farm was operating illegally in the country, which last year issued a blanket ban on cryptocurrency mining and trading within its territory.
Continue reading: Steve Wozniak: Bitcoin is “mathematically pure gold”
