After A small drop in the price of Bitcoin, the cryptocurrency market is beginning to recover green numbers, and traders' confidence continues to drive the bull market in most cryptocurrencies. 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.
Bitcoin and Blockchain Adoption
📍After a 12% drop in the price of Bitcoin, the world's leading cryptocurrency is slowly beginning to regain its lost bullish momentum. With a price of €45.975,76 per unit, Bitcoin begins this Wednesday with a slight recovery in price, accompanied by a great trading activity that pushes the blockchain to the limits of its scalability, now having more than 190 thousand transactions in the mempool, an average transaction cost of $17,7 which, additionally, has been accompanied by a drop of more than 31% in mining difficulty, due to a sharp drop in the hash rate due to the seasonality of mining in China.
📍‌The business bank and asset manager First Foundation Inc., is investing in NYDIG, the provider of financial technology and services and institutional investment in Bitcoin. According to the releaseThe company seeks to provide efficient and secure access to Bitcoin-related financial products and services to all its customers within the traditional banking network.
📍‌Although the centralization of the hash rate China's takeover of Bitcoin is something that worries several experts in the crypto industry, Andreas Antonopoulos, well-known Bitcoin evangelist, noted that this is not an issue that causes concern at the moment. During a interviewAntonopoulos noted that the centralization of mining in China is something that has decreased over time, and that today, the computing power located in the Asian nation is less than in the past.
“Today we have some companies creating and deploying ASICs in other parts of the world.”
NFT and DeFi Markets
📍‌The company NS18, based in Spain, is entering the world of technology blockchain and NFT. According to a release As shared by the company on its website, NS18 will be the first NFT platform in Europe, focused on uniting athletes, clubs, players and streamers with the best digital artists, for the creation of exclusive, unique and rare sports NFT tokens.
📍‌PancakeSwap BSC's outperformed Uniswap of Ethereum in total value locked (TVL). Although the difference at the time of this writing is quite tight, the decentralized exchange protocol (DEX) of DeFi in the BSC has a liquidity superior to Uniswap, which until now remained the most used DEX in decentralized ecosystems.
In terms of daily volume of money traded, Uniswap remains the leader in DeFi, with close to $ 1.500 million a day, while PancakeSwap shows a volume of 1.200 billion dollars a dayUniswap also set a record, becoming the first DeFi project to surpass a weekly trading volume of over $10.000 billion.
Development and Technology
📍‌Bit2Me, leader in cryptocurrency solutions in Spain, celebrates a collaboration with the company Gravity Wave to help eliminate 100 kilos of plastic per month from the Mediterranean Sea. The aim of both companies is to help reduce the plastic footprint in the oceans, make life easier for marine species and promote the use of recycled objects.
Recycled plastic will be transformed into everyday products, such as furniture, key chains and mobile phone cases. Bit2Me is asking on its Twitter account what other uses they can give to all this plastic.
Rules and Regulations
📍‌Former US Comptroller of the Currency, Brian brooks, joins the Binance US team as its new CEO. The platform announced the announcement on its Twitter account.
Brooks has extensive experience in the cryptocurrency world. As the Comptroller of the Currency, he was recognized as the most development-friendly regulator in the digital industry. Prior to this role, Brooks served as the Chief Legal Officer of Binance rival Coinbase.
Cryptocurrencies, altcoins and stablecoins
📍‌Euro Coin (cEUR)The new stablecoin linked to the value of the euro. According to the Spanish President Pedro Sánchez’s announcement from the cryptocurrency company, Zeal, this is the second mobile payments stablecoin available for use and transfer on the Celo blockchain, after the Celo Dollar (cUSD).
The new stablecoin will be available this second quarter of the year. The announcement comes at the same time as Deutsche Telekom, Europe's largest telecommunications company, joins the Celo ecosystem as its first mobile operator.
Continue reading: Bitcoin does not stop growing, the blockchain sets a new record in adjusted on-chain volume
