Bitcoin price rose to $51.500 per BTC on Tuesday. IMF executive notes that 110 countries around the world are already working on developing a CBDC. 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 is back above $50.000. Bitcoin (BTC), cryptocurrency The world's largest cryptocurrency exchange, returned to the $50.000 level on Tuesday, driven by the global fall of Facebook and its social media services. The price of Bitcoin has grown by more than 19% in the last week and is currently trading at around $XNUMX per unit. $51.500.
Source: CoinGecko
Bitcoin has not touched the 50K level since early September. The market capitalization of the cryptocurrency has exceeded $965.000 billion.
Bitcoin and Blockchain Adoption
📍Axie Infinity developer raises $152 million in funding round. Sky Mavis, the game development company responsible for Axie Infinity, closed a Series B funding round for 152 millionThe round was participated in by several companies in the crypto industry, such as FTX, Paradigm, Fabric Ventures, Samsung Next and Standard Crypto, among others.
Sky Mavis has said that the funds raised in this round will go towards the growth and development of Axie Infinity and Ronin, the scalability solution that the game uses. blockchain to power its digital nations. The company wants to build new tools and applications to drive Axie’s Play to Earn game mechanics revolution, as well as continue to attract the world’s best talent to continue creating innovative and inclusive products for all.
Sky Mavis also reported that Axie Infinity now has over 2 million daily active users and its NFT sales volume exceeds $2.200 billion. The total value stored (TVL) within Ronin on Ethereum exceeds $4.500 billion.
Development and Technology
📍Arab Bank Switzerland to use Tezos blockchain to boost institutional investment in crypto. The bank is partnering with Tezos to boost investment in cryptocurrencies and digital assets. Rani Jabban, the bank's director, he pointed that cryptocurrencies are the cornerstone of its new business strategy, which seeks to connect traditional institutional investors with the world of cryptocurrencies. “Our mission is to build a bridge between tradition and cutting-edge innovation”, the bank’s head said, as Cointelegraph’s Tom Farren reported. At the same time, Jabban highlighted the potential of the Tezos blockchain, such as scalability, staking and governance, to drive his vision.
Arab Bank, founded in 1962, defines itself as a bridge between the Arab world and the Western world. The bank has more than 19.000 investors and shareholders, almost all from the Middle East. In 2019, the Swiss branch of the bank He launched custody and brokerage services for Bitcoin and Ethereum.
NFT and DeFi Markets
📍Shaquille O'Neall, former NBA player and one of the most outstanding in the history of this league, will launch an NFT collection. Non-fungible tokens or NFT are becoming increasingly popular in the sports world. This time, former NBA star Shaquille O'Neall reported that he will join this trend through Ethernity Chain, a second-layer solution of Ethereum.
The NFT collection, called Shaquille O'Neal: The Eras of Dominance Collection will showcase 5 exclusive NFTs of his most notable moments as an NBA player for the Los Angeles Lakers, Orlando Magic and Miami Heat. NFT holders will be able to access other exclusive benefits, such as a video call with O'Neall himself and even custom sneakers of the player O'Neall made his first foray into NFTs recently, when he acquired a token from the ape collection Bored Ape Yacht Club for 55 ethers. The player displayed his Bored Apes NFT as his avatar on Twitter.
📍Axie Infinity developers will launch their own DEX. Jeff Zirlin, co-founder and growth leader at Sky Mavis, said The Block during The Scoop podcast that Axie Infinity will have its own decentralized exchange or DEXZirlin explained that through a proprietary decentralized exchange platform, Axie users will be able to convert their funds directly into the currency of their choice through the DEX, rather than heading to an out-of-game platform to exchange their assets.
The new DEX being prepared by Axie Infinity developers will make it easier for users to buy, sell and exchange Axie's native tokens. The DEX will be based on Ronin, the scalability solution on the Ethereum network.
CBDC and Central Banks
📍IMF executive said more than 100 countries are developing a CBDC. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) said There are already 110 countries that are developing a central bank digital currency (CBDC).
According to Georgieva, central banks around the world are beginning to understand the potential of blockchain and CBDCs to enable fast and accessible value transfers. She noted that central banks in about 110 countries are at different stages of development to issue a CBDC. This figure corresponds to more than 70% of the total countries in the world according to the UN.
Rules and Regulations
📍The CNMV calls on influencers to be responsible for advertising cryptocurrencies. Rodrigo Buenaventura, president of Spain's National Securities Market Commission (CNMV), said that influencers should be responsible when promoting cryptocurrencies as the current investment phenomenon. According to the statements Buenaventura during a commemorative event for Financial Education Day, influencers and public figures must be careful with the advertising they do, especially in cryptocurrencies, to prevent citizens from falling for scams.
Although Buenaventura acknowledged the benefits of cryptocurrencies and digitalization to promote a financial system accessible to all, he also pointed out that within this growing industry there are still many risks, especially for the most novice investors. The CNMV is preparing a regulation on the advertising of crypto assets, which will be published very soon, he reported.
📍XRP holders will be able to participate in the SEC lawsuit against Ripple under Amicus Curiae status. Judge Analisa Torres said that token holders XRP, issued by Ripple Labs, will be able to contribute to the case under the status of “Amicus Curiae.” Under this status, token holders will be able to present their opinions and provide information voluntarily but externally to the case.
The judge denied a request by several XRP holders to appear in court as SEC defendants to support Ripple in its defense against the regulator, noting that such a move would force the SEC to initiate enforcement actions against the holders. It is worth recalling that the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple for violating securities laws, considering the XRP cryptocurrency an unregistered security.
Continue reading: Cryptocurrencies: $2 trillion in capitalization and more than 200 million users in the world
