KiwiSaver pension fund invests 5% of its assets in Bitcoin, while Microsoft announces the activation of its decentralized digital identity project ION. 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.
Bitcoin and Blockchain Adoption
📍The retirement fund KiwiSaver, based in New Zealand and operated by NZ Funds Management, revealed which has 5%, or about $17,5 million, of its $350 million assets deposited in Bitcoin. James Grigor, chief investment officer at New Zealand Funds Management, said Bitcoin's qualities as an investment asset, and its similarity to gold, is what led KiwiSaver to invest part of its assets under management in the cryptocurrency.
Grigor also noted that the current demand for cryptocurrencies is leading many investors to buy this asset class. "as a reserve of value in times of economic crisis".
📍In Spain, the jewelry company TwoJeys began accepting Bitcoin as a means of payment. In a Spanish President Pedro Sánchez’s announcement Shared by Fashion Network, a media specialized in fashion, luxury and beauty, TwoJeys informed the community that it is opening the doors to cryptocurrencies, accepting them as a means of payment through the payment gateway of a exchange of cryptocurrencies.
TwoJeys reported that it is a young company that is adapting and innovating with new technologies, which is why it has begun to accept purchases in its online store with bitcoin and ethereum.
📍Search interest for cryptocurrencies skyrockets in Colombia, according to show Google Trends data shows that the terms “bitcoin dollar” and “cryptocurrencies today” reached new highs in terms of interest.
Cryptocurrencies and altcoins
📍THETA Theta Mainnet 28 fell by nearly 3.0% on Thursday, after the network developers announced the postponement of Theta Mainnet 25 to June. On March 10,7, the value of the token fell to $14 per unit, after trading at around $XNUMX. However, at the time of this edition, the value of THETA has recovered considerably, reaching a price of $13,1 at the time of writing this article.
THETA has been one of the top-performing tokens this year, growing by over 18.800%. As of today, THETA ranks as the 13.000th largest token in the crypto industry, and maintains a market cap of over $XNUMX billion.
NFT and DeFi Markets
📍Algorand and SIAE, the Italian society for copyright, will launch 4 million tokens NFT to protect the authorship of 95.000 members of the organization. In a release shared by Algorand, Gaetano Blandini, general director of SIAE, noted that the organization's mission for 139 years has been to guarantee and protect the copyright of its members, and now with the qualities offered by NFTs they can do so in a safe and highly reliable manner.
“Blockchain technology is definitely an interesting aspect to continue exploring due to its transparency and efficiency characteristics”, Blandini said.
📍An article that talks about NFTs in the New York Times is now an NFT. The article was tokenized by journalist Kevin Roose, the author of the article, who auctioned it on the Foundation platform. The NFT raised more than $560.000, which will be donated to charity, Roose explained on his Twitter account.
📍Video game fans MotoGP Now you can acquire your favorite collectibles in the form of NFTs. This Friday, the platform opens the sale of its first packs of cards or collectibles in NFT of different levels. The sale will be open until April 2.
MotoGP Ignition is a competitive management and collectibles game, officially licensed by MotoGP and built on the MotoGP blockchain. Flow, one of the most popular for creating next-generation games and NFT tokens.
Development and Technology
📍Microsoft announces the activation of its project ION, dedicated to developing and promoting decentralized identity, as an emerging element of technology capable of empowering people to create new business capabilities. The project developers announced its “launch” this Thursday, noting that they have been working hard and developing for 4 years to offer a completely decentralized identity.
As Microsoft explains, DIDs (decentralized identifiers) are identifiers that can be used, among many things, to secure access to resources, sign and verify credentials, and facilitate the exchange of application data.
📍Tropic Square, a firm owned by Satoshi Labs, received 4 million euros for finance the development of a new open source security chip for Bitcoin. The company intends to develop the world's first open source, transparent and auditable security chip for Bitcoin.
The project is called TASSIC (Transparent Authenticated Secure Storage Integrated Circuit). The 4 million euros to finance this project were provided by Auzera, an investment company based in Switzerland. Tropic Square will use the hardware wallets Trezor, manufactured by Satoshi Labs, to implement its new chip.
📍The DeFi project, Network Effect, focused on building a “decentralized future of work,” announces his departure from the blockchain from EOS citing a lack of commitment from its developers. Effect Network will now be built on top of BSC, which its creators say has seen tremendous growth and innovation, and seems more committed to the goals of the crypto industry.
Continue reading: Tether exceeded 40 billion in capitalization and former executive asks for monthly audits
