The US government approved a new 1,9B stimulus package, boosting the prices of Bitcoin, Ethereum, Uniswap, and Theta in the market. 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
📍Bitcoin (BTC) may be ready to start another bullish cycle, bringing with it several altcoins y Tokens of the market, as Ethereum (ETH), uniswap (UNI) y Theta (THETA). The US government announced the approval of a new stimulus package, in which $1,9 trillion will be created this month. The news directly impacted the price of Bitcoin, which saw a recovery of almost 6% of its value, trading at $51.300 USD at the time of this edition.
Meanwhile, Bitcoin's good run over the weekend is encouraging the prices of other cryptocurrencies and assets in the market, such as ETH, UNI and THETA. At the time of writing this article, ETH maintains a value of $1.740 USD, approaching the 2K mark again. Meanwhile, UNI and THETA marked new all-time highs. UNI reached $34,7 USD this March 7, with a growth of 54% in the last week. THETA reached $4,69 USD, with a 40% increase in its value in the same time.
📍Dogecoin (DOGE) joins the list of cryptocurrencies, that the NBA's Dallas Mavericks team can accept payments. DOGE joins Bitcoin (BTC), the market-leading cryptocurrency and other digital assets such as Ethereum (ETH), dash (DASH), Bitcoin Cash (BCH), USD Coin (USDC) and others, which are accepted as a means of payment by the team. Payments will be processed through a cryptocurrency services company, which will facilitate the entire procedure.
Bitcoin and Blockchain Adoption
📍The Spanish company Padel Shooter, specialized in the manufacture of professional padel rackets, is accepting Cryptocurrencies such as Bitcoin, Ethereum, Ripple and Bitcoin Cash are now among the payment options for its customers. Shooter Padel points out that it has always been known for offering the best product and staying at the forefront of the markets. Thus, the company is adding cryptocurrencies as a new payment option for its products.
📍Major Cineplex Group, Thailand's largest cinema chain now accepts Bitcoin payments at its Bangkok headquarters. According to informs According to a local media outlet, one of the chain's executives confirmed that users can now pay with cryptocurrency to watch their favorite movies. Major Cineplex Group's initiative seeks to attract cryptocurrency investors as potential clients of the company.
NFT and DeFi Markets
📍Twitter and Square CEO, Jack Dorsey, has launched its first NFT on the market, and it is nothing less than a digital certificate, verified and signed by Dorsey, of the first tweet published by him on the social network. This message now tokenized on the blockchain is up for auction, and already has bids for more than 2 million dollars. The ownership of this NFT is debated between sina stavi, CEO of Bridge Oracle and CryptoLand, who started with a $600.000 USD offer for the token and Justin Sun, founder and CEO of Tron, who initially offered $500.000 USD. These two executives have increased their offer considerably. At the time of this writing, Estavi has the highest offer, with 2,5 million dollars. While Sun's is at 2 million dollars.
Dorsey's first tweet on the popular mini-blogging social network Twitter, published on March 21, 2006, has become the first NFT launched by the Bitcoin, blockchain and cryptocurrency enthusiast and investor. Although the tweet's message has been up for sale since December, interest in it was sparked when Dorsey posted the auction on his Twitter account.
📍A green Homer NFT from the Rare Pepes series, called “Homer Simpson Pepe” sold for 205 ETH, valued at $320.000 USD at the time of purchase. The NFT was developed on Bitcoin’s Counterparty layer 2 protocol in 2016.
📍Meanwhile, the billionaire who refuses to invest in Bitcoin, Mark Cuban, if he is focusing his resources on projects related to blockchain technology and the digital industry. Cuban is investing in the creation of a digital market for non-fungible tokens (NFTs), which are becoming quite popular and coveted today.
The creators of the Mintable project posted on Twitter that Cuban is officially an investor in the NFT marketplace, where users will be able to mint, buy and sell art, music and other goods with this type of token.
📍Year Finance y Cover Finance announced the end of their integration. Apparently, the protocol developers have some disagreements because the Cover protocol is working on a new tool, called Ruler, to secure and offer coverage to its users' deposits. DeFi, as is Yearn, so it is better for each protocol to continue its development independently.
Year Finance reported on their Twitter account that users’ funds in the Yearn vault on Cover will not be affected. The alliance of these protocols was announced at the end of December 2020.
Development and Technology
📍Over the weekend, Ethereum developers and the crypto community approved the implementation of EIP-1559 and other proposed improvements to the network, which will be activated in the next hard fork, called London, which will take place in July of this year. EIP-1559 will help the network to deal with its gas problems, reducing the volatility in the costs of transactions carried out on this blockchain.
Continue reading: Competition against Ethereum intensifies and strengthens, by Cardano and Polkadot
