Tesla owner Elon Musk said on Twitter that the company will accept Bitcoin as payment again when it is proven that at least 50% of miners are running on clean energy. Dogecoin creator sells NFT for $4 million at auction. 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.
Cryptocurrencies and altcoins
📍The price of Bitcoin (BTC) is approaching 40K again and analysts indicate that the cryptocurrency may be changing direction. Decentrader analysts published a update signaling that BTC’s rally may be in its final stages and that the market is giving signals that could push its price up to $80.000 or more. Despite regulatory fears plaguing Bitcoin, the cryptocurrency is regaining the trust of its users and investors.
On the other hand, the well-known crypto researcher and analyst PLANBE He noted that a value of $288.000 for Bitcoin this year has not been ruled out yet.
Bitcoin and Blockchain Adoption
📍Tesla owner Elon Musk has indicated that his electric car company will once again accept bitcoin as a means of payment., but to wait until it is confirmed that at least 50% of the network's miners are using clean energy to sustain their mining operations on the network.
Musk was responding to a question about the allegations of Magda Wierzycka, CEO of Sygnia, who accuses him of manipulating the Bitcoin market for personal gain.
📍DJ David Guetta is selling his luxury Miami apartment in Bitcoin and Ethereum. On Twitter, one user pointed out that the well-known DJ is selling his luxurious property for $14 million, which can be paid for using bitcoins or ethers.
📍Osprey Funds CEO Greg King believes that the arrival of a Bitcoin ETF in the United States is more likely next year. Despite the new SEC chairmanship, occupied by MIT Bitcoin and Blockchain professor Gary Gensler, King notes that the arrival of a Bitcoin ETF in the country is something that may not happen this year. During a interview On CNBC, King noted that the study of an ETF for the popular cryptocurrency is already happening, but it is not something that will happen overnight.
“Personally, I think if anything happens, it’s more likely in 2022. It’s really getting going. These things take time.”
NFT and DeFi Markets
📍Dogecoin co-founder Billy Markus sells one of his NFTs for $4 million. The photograph that inspired the popular Internet meme Doge, and later the cryptocurrency Dogecoin, has been sold for an extraordinary $4 million as an NFT on the Very Auction platform. In total, the buyer of the non-fungible token paid 1.696 ETH.
La description The NFT’s logo states that it is the original image “that started it all.” The photo, taken by preschool teacher Atsuko Sato on February 13, 2010, shows a Shiba Inu dog named “Kabosu.”
CBDC and Central Banks
📍The Central Bank of Nigeria confirms that it will launch a sovereign digital currency, to allow the sending and receiving of remittances to its citizens. Economic pressures in Nigeria are pushing the country's central bank to develop a digital currency to facilitate remittances from abroad to Nigeria. The bank's governor, Godwin Emefiele, claimed days ago that a digital currency would soon arrive in the nation despite the restrictions on the matter. Now, the news was confirmed by Rakiya Mohammed, an information technology (IT) specialist at the bank, who said that the entity will launch its own digital currency this year.
Nigeria is one of the countries with the highest adoption Bitcoin in the world, according to Statista. Its citizens use the cryptocurrency on a daily basis to escape the heavy restrictions imposed by the government.
Development and Technology
📍Nvidia CEO Jensen Huang believes the technology to make the metaverse a reality is already within our reach. Huang I speak with enthusiasm, at the virtual conference prepared by Computex, about current technological developments and about his project omniverse, the company’s “metaverse for engineers.” Omniverse will help engineers and companies simulate the products and worlds of the future, building entirely within a virtual environment that feels real. Omniverse will be ready by the end of the year.
Metaverses are the digital worlds imagined by Neal stephenson in his science fiction novel Snow crash, where humanity can exist without any of the limitations we know from the real world.
Rules and Regulations
📍«The Netherlands should ban bitcoin» says Pieter Hasekamp, official at the Ministry of Economic Affairs and Climate Policy. According to their statements, the Netherlands urgently needs to ban the use of Bitcoin as it is a currency that is not used in “regular payment transactions” but rather serves criminals. Hasekamp’s harsh opinions seek to have the Netherlands slow down the adoption and development of cryptocurrencies because, in his opinion, they do not fulfill the functions of money.
📍Meanwhile, the second-oldest bank in the United States, State Street, is opening a new division dedicated to digital finance. According to release Shared by the bank, the new division seeks to investigate and address the changes that cryptocurrencies and digital assets are causing in the economy and finance.
The new division will be in charge of Nadine Chakar, an industry veteran, who will focus on developing and expanding State Street's current digital capabilities to include cryptocurrencies, central bank digital currencies (CBDC), technology blockchain and tokenization.
📍New York State Assembly rejects bill to ban cryptocurrency mining for 3 years. Although the Bill No. 6486 The bill seeking to halt and ban bitcoin and other cryptocurrency mining in New York for up to three years was approved by the New York Senate in recent days, but the State Assembly recently rejected the proposal.
Continue reading: Bit2Me launches new Bitcoin campaign in Lisbon and its surroundings
