Apple CEO Tim Cook has revealed that he has investments in Bitcoin and Ethereum and confesses that he has been attracted to new technologies for some time. Meanwhile, New York will begin mining its own citycoin today. 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
📍Apple CEO Tim Cook confirms his investments in Bitcoin and Ethereum. Apple's CEO, currently the second The world's largest company by market capitalization, reported on Tuesday that it has personal investments in Bitcoin and other cryptocurrencies on the market, such as Ethereum. Tim Cook made this revelation during an interview with the New York Times. The news has gone viral on cryptotwitter. Major industry leaders such as Anthony Pompiliano, Michael Saylor and Tyler Winklevoss have commented on the matter. Cook's net worth amounts to around $1.400 billion.
Although Cook noted that he has studied cryptocurrencies for a while and believes they have reasonable potential as future investment assets, he said that their arrival on Apple's balance sheet is not planned for the near future.
📍Eric Adams, New York's new pro-crypto mayor, will bring DeFi to the Big Apple. New York, one of the most iconic cities in the world and the largest in the United States, will open the doors to DeFi through its own cryptocurrency based on the Stacks protocol, NYCCoin. As Bit2Me News reported yesterday, New York will begin mining its own citycoin today, Wednesday, November 10. The city, which wants to become a benchmark for blockchain, will begin mining its own citycoin today, Wednesday, November XNUMX. cryptocurrencies, y blockchain, will begin generating its own revenue through mining its own cryptocurrency, while driving innovation and opening the doors to the DeFi ecosystem. NYCCoin is based on Stacks, a smart contract protocol built on Bitcoin.
Miami was the first American city to have its own citycoin. To date, the city governed by Francis Suarez has generated about $21 million through mining its own cryptocurrency, called Miamicoin (MIA), which was launched last August.
NFT and DeFi Markets
📍Decentralized exchanges (DEX) move more than $100.000 billion per month. On data Dune Analytics data shows that decentralized exchanges (DEXs) are moving around $110.000 billion in value per month, on average. The number of registered traders on the exchanges is DEX has grown exponentially in the last month. Uniswap, the largest and most widely used DEX in the ecosystem, has over 240.000 active traders, a figure that highlights the growing interest in these decentralized exchange platforms.
Chainalysis, one of the most recognized blockchain analysis firms in the industry, published a report recent, titled “Cryptocurrency Exchanges in 2021”, noting that DEXs have become the preferred venue for traders who want to maintain control of their assets and safeguard their financial privacy. According to Chainalysis, the average transaction size within DEXs reaches $12.000.
CBDC and Central Banks
📍The Central Bank of Russia will start a pilot for its CBDC in 2022. Elvira Nabiullina, President of the Central Bank of Russia, confirmed that the central entity will begin testing its future currency for the digital ruble, through a pilot that will be implemented in the country at the beginning of next year. CBDC Russian bonds will have current uses that will allow the bank to study their viability and feasibility in the market, in order to make a final decision on their issuance in the future.
Development and Technology
📍Brave integrates support for Solana. Open source browser Brave continues to expand its ecosystem and services and announces support for the Solana blockchain. With the integration of this network, Brave will be able to offer support for decentralized applications (DApps) and protocols that are built on this growing scalability network. Brave will offer support for Solana DEX, Phantom, NFT minted on Solana and more, in order to boost the adoption of DeFi and Web3.
To date, Brave has more than 42 million active users, showing a growth of more than 60% so far this year.
Rules and Regulations
📍Zimbabwe wants to legalize Bitcoin as its legal tender. The African country wants to follow in El Salvador's footsteps and make Bitcoin its legal tender. According to reported the local environment Bulawayo24, the Zimbabwean government is considering a regulatory proposal that seeks to legalize Bitcoin, in order to recognize the cryptocurrency as a legitimate asset in the country. The outlet noted that the government is consulting on the feasibility of legalizing Bitcoin as representatives of the private sector.
Despite considering the regulatory proposal, the Zimbabwean government appears to be still skeptical of cryptocurrencies and blockchain technology, primarily because of their cross-border potential, which may favor the outsourcing of funds, the outlet reported.
Continue reading: Cryptocurrency market reaches new all-time high of $3 trillion, fueled by altcoins
