The arrival of Dogecoin payments to Tesla boosted the token's value by 25% on Friday. However, at the time of writing, the price of DOGE is trading at around $0,17 per unit. again. 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
📍Dogecoin payments have arrived at Tesla, boosting the value of the meme cryptocurrency momentarily. Elon Musk, owner of Tesla, announced on Twitter that the American company would begin accepting payments with Dogecoins (DOGE), just under a year after suspending Bitcoin payments citing concerns about environmental conflicts surrounding the cryptocurrency. On his Twitter account, Musk wrote that Tesla products can now be purchased with DOGE; news that was celebrated in a big way by the Dogecoin crypto community, increasing the value of the token by 25% last Friday. However, at the time of writing this article, DOGE is showing a drop of 4,2% and is trading at around $ 0,17 dollars per unit again.
NFT and DeFi Markets
📍Sultan Gustaf Al Ghozali, 22, of Indian origin, sells selfies as NFTs for over $1 million on Opensea. The computer science student known on Twitter as Ghozali_Ghozalu sold 933 photos of himself or selfies, taken in the last 4 years, as tokens NFT on Opensea. In total, Ghozali has amassed 329 ethers from selling his selfies, valued at $1,05 million today.
Despite the success of NFTs, Ghozali expressed his concern, asking those who bought his photos as NFTs “not to abuse” his images so as not to disappoint their parents. “I believe in you, so please take care of my photos,” he wrote.
Miners and Validators
📍Bitcoin hash rate exceeds 216 EH/s of power for the first time. According to data from Ycharts’s most emblematic landmarks, the hash rate Bitcoin hit a new all-time high recently, surpassing 216,8 exahashes per second (EH/s) for the first time since the network went live in 2009. Over the past year, Bitcoin’s computational power has grown by more than 20%.
Source: Ycharts
📍Ethereum hits new record for token burns, with over 19.000 ethers burned on the same day. The data from the web portal Watch The Burn Data shows that the number of ethers burned on January 10 was 19.424,8 ethers, worth $62 million at the time. This figure marks a new record for the network, being the day with the highest number of tokens burned since the asset This feature was added last August with the update London and Improvement Proposal EIP-1559. The second-highest day of Ether burnt to date was January 14, with a total of 17.200 Ether.
The total amount of ethers burned so far is 1.531.994 ETH, valued at over $5.000 billion USD. At the time of writing, ETH is worth around $XNUMX USD. $ 3.330 dollars per token.
Development and Technology
📍Lukka raised $110 million in a funding round led by Marshall Wace. Institutional-grade software and data solutions provider serving a large portion of the crypto industry, Lukka, held its Series E funding round raising $ 110 million dollars from investors including Marshall Wace, Miami International Holdings, Summer Capital, SiriusPoint and other previous investors. With this round of financing, Lukka raises its valuation to a total of $1.300 billion.
Lukka CEO Robert Materazzi noted that the growth and maturity of the cryptocurrency ecosystem has increased the importance and need for Lukka’s institutional-grade software and data solutions to the industry. Marshall Wace portfolio manager Steven Binetter noted that the infrastructure the company is building is an important part of the future of cryptocurrencies.
Events
📍On January 28 and 29, Venezuelans will celebrate the Caracas Bitcoin Experience 2022. Bitcoin and cryptocurrency adoption in Venezuela has seen exponential growth over the past year. Now, Venezuelans are preparing to celebrate the Caracas Bitcoin Experience, an event that will be held in person at the facilities of the Andrés Bello Catholic University, located in Caracas. Through this event, its organizers seek to educate people about the potential of cryptocurrencies and blockchain technology.
Other topics of interest will also be discussed during the event, such as the regulatory framework, Play to Earn games, NFTs, the potential of cryptocurrency mining and much more.
Rules and Regulations
📍Michael Su, Comptroller of the OCC in the United States, referred to stablecoins as “the oxygen of the cryptocurrency ecosystem.” The stability offered by stablecoins, whose value is linked to and backed by a fiat currency, commodity or good, has led financial regulators in the United States to evaluate their possible regulation in the country. According to expressed According to Comptroller of the Currency Michael Su, despite the risks of a run on stablecoins, these currencies could be included in the current OCC regulatory framework, to provide security to investors through control and supervision.
Su explained that stablecoins bridge the fiat and crypto worlds, serving as a native medium of exchange, facilitating and driving the adoption of decentralized finance (DeFi).
Continue reading: Visa and ConsenSys build new platform to drive the future of CBDCs
