Corrections continue in Bitcoin and Ethereum, while Enjin's token, ENJ, hits a new all-time high. 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.

Cryptocurrencies and altcoins

📍‌The price of Bitcoin (BTC) fell another 6% on Thursday, and is trading at a value of $47.200 USD at the time of this edition. Ethereum (ETH), the second cryptocurrency on the market, is also experiencing a correction, and is located below the $1.500 USD

However, the token ENJ Enjin, marked a new all-time high on February 25, with a new value of $0,66 USD, although at the time of publishing this article, its price is around $0,55 USD. What supports the increase in value in ENJ is its inclusion in the Crypto.com token list.  

📍‌Arcane Research, an analysis firm in blockchainNotes that There are 169.991 BTC tokenized on the blockchain of Ethereum, about $8.500 billion, according to the price of Bitcoin at the time of this writing. As the firm indicates in its report “Banking of Bitcoin: The State of Bitcoin as Collateral”, this is an increase of more than 3.000% since last year; as of mid-2020, the tokenized bitcoins on Ethereum barely reached 5.000 BTC. 

Bitcoin tokenization is an indicator that reflects the interest of users to use BTC as collateral to access different products in decentralized finance (DeFi). 

Bitcoin and Blockchain Adoption

📍‌The group of independent Ethereum contributors, Ethereum Cat Herders, are looking for editors for network improvement proposals, also known as EIPs. According to the offer Posted on the contributors' blog, the editors' primary responsibility will be to moderate the Ethereum improvement proposal repository. 

📍‌Mt.Gox is back in the headlines as his creditors prepare to decide on the deceased's compensation and repayment plan exchange. Following the extended period granted by the Tokyo District Court in late 2020, the trustee of Mt. Gox, Nobuaki Kobayashi, presented a refund proposal for users affected by the exchange hack, which occurred in 2014.

The proposed plan was initially approved by the Tokyo District Court and will be voted on by creditors from March 24 to October 8, who will decide whether or not to execute it, Kobayashi recently reported in a statement. release

📍‌Marcos Galperín, founder of Mercado Libre, has been a Bitcoiner since 2013, when he bought several units of the cryptocurrency. 

Miners

📍‌Argentina celebrates the installation of its first cryptocurrency mining farm, starting with Ethereum, in the Mar de Plata region. According to reported a local medium, the Mar del Plata Technology District The company has spent around $310.000 on setting up the farm, which will put its processing power into operation and make it available to other companies to help them enter the world of cryptocurrencies. 

NFT and DeFi Markets

📍‌The popularity of NFT tokens is unprecedented. These blockchain-based non-fungible assets have become the new monetization tool for artists, musicians, athletes, and more. 

Recently, the crypto artist Beeple's sold more than 2 million of dollars on the first day auction of his art collection “The First 5000 Days”, led by the auction house Christie's and the digital art and NFT market Makersplace. Also, the AC Milan Fan Tokens accumulated value for more than 6 million dollars in just hours of its launch; and Micah Johnson, former baseball player and now crypto artist, sold 1 million dollars worth of digital art on the NFT Nifty Gateway marketplace just 1 minute after the auction started. 

CBDC and Central Banks

📍‌China, the United Arab Emirates, Thailand and the Hong Kong government signed an international agreement to work together on the development of a digital currency and digital infrastructure that facilitates cross-border operations and trade between the countries. In a release shared by the Hong Kong Special Administrative Region, the government of the region confirmed the alliance, and assured that both the Hong Kong Monetary Authority (HKMA)and Bank of Thailand (BOT), Central Bank of the United Arab Emirates (CBUAE) and Digital Currency Institute of the People's Bank of China are working together to develop a central bank digital currency for cross-border payments. 

Continue reading: Brave, the web browser with blockchain integration, adds support for DeFi and DEXs