Bitcoin market cap is looking to catch up with internet giant Google, while NFT sales this week hit several million dollars. 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) is quoted at a value of $56.800 USD per unit, and maintains a market capitalization of more than 1,05 trillions of dollarsWith these values, the cryptocurrency Market leader is once again positioned as the No. 6 among the 10 largest companies and corporations in the world.
On the other hand, the market capitalization of the entire cryptocurrency industry is 1,72 trillions of dollars. In total, cryptocurrencies surpass the capitalization of giants like Google and Amazon. Bitcoin and Ethereum They dominate more than 70% of the entire market.
📍IoTex announced an integration with the services of Amazon Web Services from China and its IOTX token skyrocketed on the markets. The protocol also partnered with Unifi Protocol and is offering services DeFi. IOTX is trading at a value of $0,03 USD, showing a growth of more than 80% in the last 2 weeks, since the IoTex announcement.
Bitcoin and Blockchain Adoption
📍Peter Schiff is angry at the crypto community, claiming that his son was brainwashed. Apparently, Spencer Schiff, son of American tycoon, economic commentator, author and stockbroker Peter Schiff, invested his entire portfolio in Bitcoin. According to Schiff on his Twitter, Spencer now has 100% of his assets invested in Bitcoin. “My own son has been brainwashed… He is HODLING to infinity”, said Schiff, the father.
Several influential figures in the crypto industry, such as Anthony Pompliano, have pointed out that Spencer will become richer than his father. Peter Schiff has threatened to disinherit him so that he does not “squander” his fortune on buying more bitcoins.
📍New York regulator, the state Department of Financial Services, submitted otra BitLicense, this time to the cryptocurrency company Bakkt MarketPlace. This company can now legally provide crypto services in New York. Recall that the New York Attorney General's Office recently banned the use of Tether (USDT) in the territory for failing to comply with its laws and regulations.
Miners
📍The cryptocurrency mining company Foundry, owned by Digital Currency Group (DCG), is opening a Bitcoin mining pool for institutional clients, seeking to meet the demands and needs of institutional mining companies in North America. Foundry is one of the largest Bitcoin mining companies in the region, currently handling close to 4 EH/s (exahashes per second of power on the Bitcoin network).
NFT and DeFi Markets
📍The digital artist Beeple's He is now one of the most valuable living artists in the world. With his crypto art collection called “EVERYDAYS: THE FIRST 5000 DAYS” Beeple raised nearly $70 million, surpassing music artist 3LAU, who sold his collection of NFT of Ultraviolet vinyl records for over $11 million. Beeple’s auction is the largest NFT auction in the entire history of the crypto industry so far.
📍The most valued individual NFT in the industry so far is the CryptoPunk 7804, which recently sold for over $7,5 million. This NFT collectible surpassed Beeple’s work called “Crossroad,” which sold for $6,6 million a few days ago.
CryptoPunks are limited collectibles, 10.000 units, that were released as a gift for Ethereum users and are now worth several hundred thousand dollars. According to the NFT portal DappRadar, most CryptoPunks are trading for values between $200 and $1,5 million.
Development and Technology
📍The Murcia city government is researching blockchain technology to understand it and establish, in the future, a regulatory framework in line with this innovation. According to the city government, Murcia is participating in the European project called “Digital TuRn in EUrope: Strengthening relational reliance through Technology”, TRUST for its acronym in English, which seeks to “understand the role of trust in the implementation of digital technologies and suggest real means of development.”
The project focuses on Blockchain, as a technology that provides security and confidentiality, and seeks to understand it in order to define an appropriate legal framework that helps shape and increase trust in the Bitcoin (BTC) era.
Cybersecurity
📍CipherTrace Traveler is CipherTrace's new tool to help exchanges and cryptocurrency service platforms to comply with the FATF's anti-money laundering (AML) regulations. The firm's new tool implements the so-called Travel Rule, which requires users' personal information for transactions exceeding a certain monetary limit.
📍The mining company NiceHash is now accumulating the data of its customers and users and sharing it with its partners Facebook and Google. Several users have already complained about the changes in the policies Bitcoin mining platform privacy policy, which is inviting its users to accept new terms and conditions and grant the necessary permissions to share private data with platforms such as Facebook and Google.
Regulations
📍MoneyGram and several of its executives are facing a class action lawsuit in the state of California for hiding essential information from its investors about its links with the company Ripple Labs, responsible for the issuance of XRPAccording to the plaintiffs, the company misled investors by concealing inside information about its partnership with Ripple and is also accused of fraudulently introducing XRP into its transactions.
Continue reading: FED monetary policy will push Bitcoin above $100.000 USD
