Borgo D'Anaunia in Italy has begun mining bitcoins from a former hydroelectric plant, which was reactivated by decree of the Municipal Council to support the operations of 40 ASIC miners. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Miners
📍The Italian commune Borgo D'Anaunia began mining bitcoins from an old plant. The Municipal Council of Borgo D'Anaunia issued a decree with the aim of reactivating an old hydroelectric plant to feed Bitcoin miners. According to the releaseThe commune of Borgo D'Anaunia, located in the province of Trentino in Italy, has already enabled the hydroelectric plant, which has started to mine bitcoins on the network. The commune has 40 operational ASIC miners for mining and extraction of bitcoins, which operate a total of 4 pentahashes per second within the network.
Cryptocurrencies and altcoins
📍Cryptocurrency liquidations surpassed $1.900 billion last weekend. The fall in value of bitcoin and other cryptocurrencies over the weekend caused the liquidation of more than $1.930 billion, according to the data from Coinglass. The price of Bitcoin (BTC) fell to $34.500 on Saturday, while Ethereum (ETH) and other altcoins More than 1,000 people collapsed 20% in the last week.
📍Vitalik Buterin has noted that Ethereum fees will return to below $0,05 per transaction in the coming years. During Espaitec's from UpOnly, Vitalik Buterin, co-founder and developer of Ethereum, said that rollups and sharding are the way forward for the blockchain network to increase its scalability and minimize commission fees, without compromising its security. According to his statements, transaction fees on Ethereum will return to above $0,05, or even less, in the coming years.
During the podcast, Buterin also explained the complex process of burning more than 450 trillion SHIB, valued at almost $7.000 billion, last May.
Bitcoin and Blockchain Adoption
📍Mercado Libre invests in cryptocurrency companies to strengthen its commitment to the crypto industry. The Latin American giant of e-commerce reported which has made significant investors in cryptocurrency companies in the region, with the aim of strengthening its commitment to cryptoassets and the industry in general. Mercado Libre has invested in shares of the 2TM Group, responsible for the development of a major exchange of cryptocurrencies, Latin American and in Paxos, one of the largest digital asset management service providers globally.
André Chaves, senior vice president of strategy and corporate development at Mercado Libre, said that “Digital assets and blockchain technology represent a unique, global and collective phenomenon that breaks barriers and creates an open and level playing field for all users to achieve economic empowerment, which is very much aligned with our mission as a company.”. Mercado Libre has been closely following the evolution of the cryptocurrency industry, Investing in Bitcoin and integrating the payments with crypto assets on its platform, to increase its participation within this powerful, dynamic and constantly growing financial ecosystem.
📍El Salvador acquired another 410 bitcoins in the cryptocurrency's recent drop of more than 20%. El Salvador currently holds about 1.800 BTC, with the new acquisition being announced by the country's president via his Twitter account. Nayib Bukele announced that he invested another $15 million from El Salvador's treasury to increase the country's Bitcoin holdings, in the long term. The BTC were purchased taking advantage of the bloodbath that the crypto market is experiencing, with a drop of more than 15% on average across all crypto assets so far this month.
NFT and DeFi Markets
📍1.000 artists will be able to collaborate with Adidas and Prada to create their new NFT. Adidas is collaborating with Italian fashion label Prada to launch a new and exclusive NFT, in whose design 1.000 independent artists will be able to participate. This Monday, the company will open the possibility of participating in the creation of its next non-fungible token through a waitlist that will last 24 hours.
Adidas announced that it will grant 3.000 places in total, of which 2.000 are reserved for holders of “Adidas Originals Into The Metaverse NFT”, who have acquired the tokens of the sports brand before January 20 and 1.000 for independent artists. The NFT will be designed by artist Zach Lierberman, as a kind of mosaic, using the 3.000 pieces that the holders of the Adidas collection and the winning independent artists create in the established time. In its official websiteAdidas explained that the new NFT project together with Prada seeks to close the gap that exists between the community of creators and artists and the innovation of the blockchain and Web3 industry.
Rules and Regulations
📍The United States Federal Reserve (FED) is betting on a hybrid ecosystem for its digital dollar. In his recent publication, the Fed opened the floor for comments to discuss the feasibility of issuing a digital dollar in collaboration with the private sector. As explained in its discussion paper, the agency could leave the issuance of digital wallets for the reception and management of a CBDC to the private sector. The paper also outlines the benefits and advantages of a digital currency, as well as the potential risks of its issuance for the country's political and financial stability.
📍Telegram co-founder Pavel Durov speaks out against the Bank of Russia's regulatory proposals against cryptocurrencies. According to him, the ban on trading, mining and investment in cryptocurrencies from Russia will hinder the nation's technological development. Durov noted that instead of minimizing potential financial crimes and illegal activities, as the Bank points out in its document, the prohibitory measures will close the doors and "bury" legal Russian projects developing within this industry.
Continue reading: Solana network reaches new milestone with more than $1.000 billion in NFT sales
