Bitcoin hits new all-time high, pushing total cryptocurrency market cap above $1,44 trillion. These and more news stories are in this handy daily summary so you're always up to date with the latest events happening in the crypto world.
Cryptocurrencies and altcoins
📍After the oldest bank in the United States, BNY Mellon, announced plans to integrate a digital and custody platform for cryptocurrencies, the price of Bitcoin (BTC) skyrocketed and found a new all-time high in the $48.690 USD.
📍Total cryptocurrency capitalization exceeds 100,000 1,44 billones for the first time in its history, placing it once again above the value of shares of several multi-billion dollar companies such as Google. Much of this market value is dominated by Bitcoin and Ethereum, which together add up to more than $1,08 trillion.
📍Join, a social media tokenization project based on Ethereum, was forced to stop its activities due to the high cost of gas fees on the network at present. On their Twitter account, the creators of the project informed the community about the decision to stop the development of the project due to the unfeasibility of the high gas costs experienced in the network. Ethereum these days.
Given this, the community is proposing that Unite developers look for other alternative blockchains to continue developing the project.
Bitcoin and Blockchain Adoption
📍The platform blockchain R3's enterprise cloud platform, Corda, is launching a highly secure and confidential enterprise computing platform called Conclave PlatformThis platform enables users and customers to store, share and protect data, as well as create secure data processing and analysis applications.
In its presentation, R3 said that this new platform paves the way for a new generation of trusted services that can detect fraud, reduce costs, build high-value multi-party analysis and much more, allowing data owners to control how it is processed and stored.
📍Uber, one of the most popular transportation and travel companies and applications on the market, considers it necessary to include cryptocurrencies as a payment method. Uber CEO, Dara Khosrowshahi, he pointed out in a interview with CNBC that cryptocurrencies, such as Bitcoin, can help their customers make payments for their trips quickly, safely and cheaply, so it is important to consider including them as a payment method in the app.
During the interview, Khosrowshahi also noted that he is not considering investing in Bitcoin with his treasuries, as is currently the case with many companies and enterprises.
📍In the face of criticism and warnings from the Bank of Spain and National Securities Market Commission (CNMV), on the risks and volatility of investing in bitcoins and other cryptocurrencies that are not backed by an entity or government, several users took the time to remind the entities about the case of Banco Popular in 2017, and compare it with the transparency and security offered by Bitcoin, which is far from the absurd control and manipulation of these entities.
📍Mary Barra, CEO of General Motors, expressed that the car company could use bitcoins and other cryptocurrencies as a means of payment at the request of its customers. When Tesla owner Elon Musk revealed his $1.500 billion investment in Bitcoin, and the possibility of integrating cryptocurrencies as a means of payment, General Motors said it was not considering integrating or investing in cryptocurrencies immediately, but that it could integrate digital assets only if customers so request.
NFT and DeFi Markets
📍Beer pong fans will now be able to play and compete against Post Malone, one of the most famous rap music singers and songwriters in the United States, and his manager, Dre London. The event is held in collaboration with the celebrity NFT social platform fyooz In the call “Celebrity World Pong League NFT”, which is part of a Facebook Watch series. In the Celebrity World Pong League NFT, users will have non-fungible tokens (NFTs) that will allow them to play live against the rapper.
Users who wish to participate in this competition must have a sufficient amount of NFT tokens from the Fyooz platform, the FYZ NFT, and stake them to receive new live NFT tokens with which they can participate in the event.
📍The AC Milan brings football fans the ACM Fan Tokens on the blockchain and NFT platform Chiliz and its Socios.com app, to allow fans to participate in voting on the club’s motto for the season. Also, in addition to having voting rights, ACM token holders will have additional benefits, such as VIP rewards, super fan recognition, club and sponsor promotions, digital collectibles, games and chat forums.
Laws and regulations
📍The state of Iowa, United States, presented a bill where he advocates the use of blockchain technology, distributed ledger technology (DLT) and smart contracts (smart contracts) within the legal realm. The bill, introduced by Mark Lofgren, seeks to equalize the use and validity of these technologies for contract drafting, information management and more, so that they have the same value and are on par with traditional contracts and record keeping.
The proposal includes within the definition of “contract” those secured by blockchain, DLT and smart contracts, as well as “electronic registration” and “electronic signature”, which will have the same legal weight as traditional contracts.
Continue reading: Will Twitter be the next to invest and pay salaries to its employees in Bitcoin?
