Bitcoin is once again the star of the crypto markets, as its value touches the 40K level, while Ethereum remains in the spotlight, with a price above $1.600 USD. 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
📍It seems that Bitcoin (BTC) is starting a new uptrend, with the value rising above $40.000 USD again. cryptocurrency market leader is listed on $40.790 USD at the time of writing, gaining 7,9% in the past few hours. Global Digital Asset CEO, Michael Gord, believes that despite the cryptocurrency's volatility in the markets, BTC is presenting itself as a more attractive investment asset than gold for retail investors. The bullish momentum may also be related to the recent Bitcoin conference held by MicroStrategy with the presence of more than 1.400 companies.
📍Ethereum (ETH) is also celebrating new highs with its price above $1.700 USD at the time of writing. The cryptocurrency reached a high of $1.752 USD This February 5th, analysts believe that ETH's bullish rally is driven by ether futures hitting a record $6.500 billion in open interest, and by the growing interest in the ecosystem DeFi.
📍This weekend, several token usage y altcoins reached new high values. For example, the AAVE token of the DeFi protocol Aave marked a new all-time high value in $536,6 USDMakerDAO's MKR also hit a high in the $3.011,8 USD and Binance Coin (BNB) surpassed the $75,3 USD.
Bitcoin and Blockchain Adoption
📍The recent conference held by MicroStrategy with entrepreneurs from more than 1.400 companies is driving the adoption of Bitcoin by major market players. The Association of Corporate Treasurers (ACT) and IKEA revealed, during a interview with CoinDesk, who may be considering adding Bitcoin to their ledgers.
📍The Spanish company Infoport is implementing the technology blockchain to improve traceability and security in the goods handled in the logistics and port sector. The Infoport blockchain project, called "B2T2: Blockchain Based Tracing and Tracking", will allow the company to verify information in real time, ensuring traceability, security and control of the goods. B2T2 also has the support of the Valenciaport Foundation, SIS SRL, Telecom Italia Mobile and the European Institute of Innovation and Technology.
📍 The Deutsche Bank Germany's bank says Bitcoin will gain greater popularity as a payment method among society, replacing physical money with cryptocurrency. The bank conducted a study 3.700 people from Germany, Spain, the United Kingdom, France, Italy and the United States, who consider Bitcoin as a payment method that is much more effective and secure than fiat money and plastic cards.
Miners
📍Jack Dorsey, CEO of Square and Twitter, activated a full node on the Bitcoin network. The billionaire shared on his Twitter account that he joined as a full node to Bitcoin, to contribute and protect the correct functioning of the network.
📍The Chinese company The9 Limited announced the purchase of 5.000 WhatsMiner Bitcoin mining rigs from the manufacturer MicroBT, over a period of one year. The purchase will be made through an agreement signed with MicroBT and its subsidiary NBTC Ltd., which has already consolidated the first acquisition of 440 WhatsMiner M32 model mining rigs.
NFT and DeFi Markets
📍The crypto art and NFT collectibles project, The Hashmasksis united to indexed asset platform NFTX, to enable Hashmasks token holders to become liquidity providers (LPs) in DeFi. The crypto art collection, comprised of 16.384 NFT works, sold for 10.240 ETH, valued at $17,4 million at press time.
📍The total value locked (TVL) in DeFi Surpasses $40 Billion, for the first time this February 6th according to data DappRadar. The most dominant protocol in decentralized markets is MakerDAO, with over $6 billion in TVL, followed by Aave, with $5,4 billion, and Uniswap, with $4,2 billion. The latter, Uniswap, remains the most dominant protocol in decentralized markets. DEX that greater daily money volume moves in DeFi, controlling more than 51% of the volume that moves through these exchanges.
Cryptosecurity
📍Alexander Schlindwein, a well-known white-collar hacker, identified a critical bug in a smart contract (Smart contract) of the DeFi Coverage Aggregator Protocol, ArmorFiThe bug affected successful claim payouts but was immediately fixed and did not affect any assets staked on the protocol. Schlindwein received a reward of no less than $600.000 USD in ARMOR tokens.
Regulations
📍The Central Bank of Nigeria is implementing new regulations, and ordered the country's commercial banks to identify and close the accounts of individual clients and companies that have a relationship with cryptocurrencies and digital assets. According to the release of the entity, the new measures are related to avoiding possible financial risks associated with cryptoassets.
📍In Estonia, the Ministry of Finance is studying the possibility of imposing new regulatory laws for the crypto industry. According to informs a local media outlet in the country, will be the Estonian Financial Supervision Authority who will oversee regulation for cryptocurrency companies in the country, while Parliament debates the approval of a new law, which will impose stricter measures for the regulation of digital assets in Estonia, without being anti-crypto.
📍In the United States, the Office of the Comptroller of the Currency (OCC) issued a license in favor of take care, which is now the second cryptocurrency company to receive a national banking license from the OCC for the incorporation of Protego Trust Bank in the country.
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