In Houston, the US professional football team, the Houston Texans, are embracing Bitcoin payments for their gaming suites. This and more news in this handy daily roundup so you're always up to date with the latest events happening within the crypto world.
Houston Texans Allow Fans to Buy Game Suites with Bitcoin
📍Professional American football team, the Houston Texans, are embracing Bitcoin payments. In a press release, the US professional football team announced that its fans can now use Bitcoin, the market-leading cryptocurrency, to pay for their individual gaming suites.
The Houston Texans have partnered with local cryptocurrency company, Houston-based BitWallet, to accept Bitcoin as a means of payment through their digital wallet platform.
In the statement, the Houston Texans said that Bitcoin is an exciting option to offer their fans as it has become a primary means of payment around the world.
Public companies have invested nearly $6.000 billion in Crypto and Blockchain projects since September
📍A BlockData report reveals that big tech companies have invested more than $6.000 billion in blockchain companies in the last 10 months. Large corporations in the technology industry, such as Samsung, Alphabet, Microsoft, LG and Tencent, which are listed on the stock exchange, have entered the cryptocurrency and blockchain technology industry with force. According to the data published by BlockDataThese technology companies have invested around $3.315 billion in various companies and projects related to the blockchain.
In addition to Big Tech, financial giants such as BlackRock, Morgan Stanley, Goldman Sachs, BNY Mellon, Citigroup, Wells Fargo and American Express have also had a significant involvement in the cryptocurrency industry over the past 10 months.
In total, the investment made by these companies since September of last year amounts to about 6.000 billion dollars, BlockData said.
SHIB and DOGE rise more than 20% this week
📍The price of Shiba Inu (SHIB) and Dogecoin (DOGE) has grown by 22% and 31%, respectively, in the past week. The two cryptocurrencies inspired by the Shiba Inu dog breed that are the most popular in the crypto industry, Shiba Inu (SHIB) and Dogecoin (DOGE), are both up 20% on the week. According to data from CoinMarketCap, these cryptocurrencies are the third and fourth gainers this week, with a price increase of 22% and 31%, respectively, in the last 7 days.
Cryptocurrency revenue from illicit activity drops 65%
📍A new report from Chainalysis reveals that illicit funds from scams in the crypto industry have fallen by more than 60% in the last year. Blockchain analytics firm Chainalysis has released a new report, titled “Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions.” In it, it states that illicit activity in the cryptocurrency industry has slowed in 2022, accompanying the decline of the crypto market.
The analytics firm noted that the total revenue generated by scams in the cryptocurrency industry is 65% lower than the revenue recorded last year. Apparently, the decrease in revenue generated by illicit activity is linked to the decline in cryptocurrency prices.
Russia plans to launch digital ruble in 2024
📍According to the Central Bank of Russia, a digital currency for the ruble could become a reality within the next two years. Russia has been working on developing a digital ruble to increase the availability of its financial services and build a new, more accessible payment infrastructure for its citizens. According to the central bank, the digital ruble will be used in a similar way to cash and will function as the third form of payment in the country.
The digital currency for the ruble is expected to be ready in 2024, although the bank noted that its introduction into the Russian economy will occur gradually. Starting next year, the Central Bank of Russia will begin to conduct different test pilots to use the digital currency in commercial environments, together with several of the banking institutions that are participating in its development. The bank noted that the limited participants who will be in these tests will have the possibility of executing smart contracts with the future currency.
By 2024, the Central Bank of Russia will begin connecting credit institutions to the digital ruble platform. It will also begin developing tests with cross-border transactions, currency exchange, and more. In the coming years, the bank also plans to develop a platform that will allow the use of its digital currency in offline environments, in order to ensure accessibility to financial services in remote and hard-to-reach areas.
Continue reading: Skybridge Capital's Anthony Scaramucci: 'Institutional demand will drive the Bitcoin market'
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