El Salvador's President Nayib Bukele has released his predictions for Bitcoin in 2022, noting that the cryptocurrency will reach $100.000 this year and that two new countries will join the crypto adoption movement. 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.
Bitcoin and Blockchain Adoption
📍El Salvador's president targets $100.000 for Bitcoin as two new countries embrace crypto adoption. Nayib Bukele, president of the first country in the world to adopt Bitcoin (BTC) as legal tender, predicts that the price of the cryptocurrency will reach $100.000 per unit this 2022. According to Bukele, the growth in adoption will drive the value of BTC to a new 6-figure high. The president of El Salvador noted that two new countries will join the adoption of Bitcoin and that the cryptocurrency will be one of the central themes in the United States this year.
Bukele also highlighted that he will begin building the Bitcoin City in El Salvador this year and that he is preparing a huge surprise in the The Bitcoin Conference Miami, where it will be one of the Keynote Speakers of the event.
Cryptocurrencies and altcoins
📍OpenDAO's SOS token has dropped 51% since launch. SOS, the token created by the DAO OpenDAO for the benefit of Opensea NFT users and traders, has lost more than 51% of its value since its launch on December 24 in the form of an airdrop. To date, the token is trading at a value of $ 0,00000542 dollars. It had reached an all-time high of $25 on December 0,00001108, according to data from CoinGecko.
NFT and DeFi Markets
📍Shiba Inu is moving forward with the full decentralization of its DEX ShibaSwap. The project developers Shiba Inu, a meme crypto that has gained massive popularity in the market as the “Dogecoin Killer,” announced the integration of the DAO Doggy DAO to ensure the decentralization of its DEX, ShibaSwap, officially launched in July 2021. According to reported In his blog, the decision-making capacity and the ability to exercise authority in ShibaSwap should be in the hands of the project community itself and not in the hands of the developers.
The goal is to accelerate the growth of Shiba Inu as one of the most important projects today. Through the DAO, the community will be able to decide, initially, on the cryptocurrency pairs and exchange and liquidity tokens, as well as on the way in which rewards will be distributed within the DEX pools. In the future, the Shiba Inu crypto community will also be able to submit and vote on proposals for improvement for the project, among others.
📍Rapper Eminem buys a Bored Ape Yacht Club NFT for $450.000 USD. On his Twitter profile, the well-known American rapper and actor Marshall Bruce Mathers III, known as Eminem or Slim Shady, shows one of the apes from the collection NFT Bored Ape Yacht Club, one of the most traded crypto collections in the industry today. Eminem paid a total of 123,45 ethers for the NFT, valued at over $450.000 at the time of sale. With this acquisition, the American rapper has acquired 15 NFTs under the name Shady_Holdings.
Development and Technology
📍Final Fantasy developer Square Enix is showing interest in blockchain games and the Metaverse. Square Enix President Yosuke Matsuda revealed the gaming company's interest in the new generation of games based on blockchain technology, NFTs and Metaverse. In a letter In a New Year’s note published on January 1, Matsuda noted that decentralized gaming on blockchain will become a strategic theme for the company in 2022, considering that the presence of this new generation of games will spread even further globally in the coming months. Matsuda also spoke of social literacy and the acceptance of new technologies, which will drive the launch of its own tokens in the future.
Japanese game developer Square Enix is famous for its Final Fantasy and Dragon Quest game franchises. In 2020, the company partnered with Double Jump Tokyo to develop blockchain-based gaming content.
Rules and Regulations
📍Estonia prepares for new regulatory regime on cryptocurrencies. In February of this year, a law reform will come into effect in Estonia that will change the favorable course of the crypto industry in the country. The amendment to the Anti-Money Laundering and Terrorist Financing Act (AML Act), introduced by the Estonian Ministry of Finance last September, will impose new regulations on virtual asset financial service providers (VASPs).
Estonia plans to include P2P cryptocurrency exchange and trading service platforms, as well as protocols and projects developed within the DeFi and ICO ecosystem, as VASPs under the new AML law. In addition, it will prohibit VASPs and developers from offering wallet services. non-custodial citizens of the country. Failure to comply with the new regulations that will be imposed in the country in the next month will lead to fines of up to $400.000 dollars, reported the Sumsub company.
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