Tesla is considering adding Bitcoin payments again, while Colombia becomes the second nation in Latin America with the largest number of cryptocurrency ATMs. 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
📍Tesla is considering accepting Bitcoin as a means of payment again. In her report In its quarterly filing with the U.S. Securities and Exchange Commission (SEC), electric car company Tesla flagged the possibility of adding support for payments in Bitcoin (BTC) again. The report indicates that the cryptocurrencies, and digital assets have great potential as long-term investment assets and as an alternative to fiat money, so in the future the company could resume payments with BTC.
In May, Tesla dealt a blow to Bitcoin when it announced the suspension of payments in this cryptocurrency, due to its high energy consumption. However, Elon Musk, CEO of Tesla, confirmed that the company would not sell its BTC holdings and in June said which would resume cryptocurrency payments when at least 50% of miners used green energy sources to sustain their network operations.
📍Colombia is now the second country with the largest number of cryptocurrency ATMs in Latin America. Cryptocurrency adoption continues to accelerate in Latin America. Colombia, whose interest and demand for cryptocurrencies has grown exponentially in the last year, has become the converted in the second country in the region with the highest number of cryptocurrency ATMs, which are mainly concentrated in its capital Bogotá. The South American country has 50 cryptocurrency ATMs, surpassed only by El Salvador, which currently has about 200 ATMs.
NFT and DeFi Markets
📍English weekly publication, The Economist, launches “Down the rabbit hole” cover as NFT. The Economist's cover, “Down the rabbit hole” from the September 18 issue dedicated to decentralized finance (DeFi), is auctioned as an NFT on the NFTs Foundation platform. bid for the publication's cover is worth over 7,26 ethers at the time of this writing, worth over $30.000. This is the first time the English publication has tokenized one of its covers as an NFT on the blockchain.
📍Total Value Locked (TVL) on Solana hits a new all-time high. According to data from DeFi Llama, the current TVL on the Solana blockchain is 13.720 million; showing a 40% growth in the last month. The scalability-focused blockchain has a total of 26 DeFi projects, although it plans to add more after the end of its “Ignition” hackathon, next Thursday, October 28. The TVL of Ethereum, Avalanche, Arbitrum and Harmony are also at all-time highs.
The price of SOL, Solana's native token, hit a new all-time high yesterday, surpassing 219 dollars per unit. In the last year, SOL has appreciated by more than 11.000%.
📍Tyler Hobbs raises $7 million with his anonymous NFTs. Artist Tyler Hobbs raised $7 million with his collection of 100 tokens NFT generative words that will be coined , in the heart of SOHO, as indicates on the Incomplete Control website. The collection's tokens will be minted from December 9 to 13. However, the artist has already sold half of them for 1.800 ethers; valued at more than $7,5 million at the time of this writing. Collectors and investors participated in an auction where 50 of the NFT tokens from Hobbs' collection were offered. The initial price of the NFTs was set at 500 ethers, decreasing to a minimum of 5 ethers. The average purchase price of these tokens was between 30 and 80 ethers.
CBDC and Central Banks
📍Nigeria launched its CBDC digital currency, the eNaira. This Monday, the Central Bank of Nigeria launched its digital currency CBDC developed by the firm Bitt. The announcement was made by the country's president, Muhammadu Buhari, highlighting that the digital version of the Nigerian naira will not replace fiat money, but rather complement it. The eNaira, as the country's CBDC is known, is a digital currency for payments and retail commerce. The digital wallet app for the eNaira is already available in the Google and Apple app stores.
Rules and Regulations
📍The Bank of Spain enables the registration process for cryptocurrency banks and companies in the country. The Bank of Spain, the country's central bank, published the requirements for cryptocurrency companies and platforms, and even banks that operate with these digital assets, to be able to register with the entity. Companies and service providers with crypto assets that want to operate in Spain must comply with the requirements demanded by the Bank to register and carry out their operations legally. Last week, the Bank of Spain reported on the registration process as a measure to ensure compliance with existing regulations and continue the fight against money laundering.
📍US and German government agencies auction seized cryptocurrencies. The US General Services Administration and the German Ministry of Justice in North Rhine-Westphalia will auction off confiscated bitcoins this week. The US authority will auction off 4,94 BTC, worth around $310.000, while the German authority is already auctioning off a larger amount, 215 BTC, currently worth $13,7. The German Ministry of Justice is auctioning Bitcoins will be available on the state's Justiz-Auktion platform until Wednesday 27th.
Continue reading: Altair, the next update for Ethereum 2.0, is about to go live on the network
