Dapper Labs, the developer of the Flow blockchain, announced the launch of its first stablecoin called FUSD, pegged 1:1 to the US dollar. This and more news can be found in this handy daily digest so you're always up to date with the latest developments in the crypto world.
Cryptocurrencies and altcoins
📍‌Dapper Labs announces the launch of the first 1:1 USD-backed stablecoin on the Flow blockchain. According to explained Roham Gharegozlou, CEO of Dapper Labs and the team of developers, the new stablecoin, called USD, will run on the popular gaming and NFT blockchain, Flow, and will be the first standard of this network similar to the ERC-20 tokens de Ethereum.
FUSD, the new stablecoin, is developed as a means to provide a more consistent pricing payment experience for developers. dapps and its users in Flow.
📍‌Bitcoin (BTC), the cryptocurrency The largest cryptocurrency in the industry, it reached a value of $38.850 on Thursday, although it fell again a few hours later. The rise in the value of BTC was related to the announcements of the Basel Committee on Banking Supervision, which is giving the green light to banks to operate with cryptocurrencies, although with a series of regulations.
At the time of this edition, Bitcoin shows a value of $36.700 per unit. The fall affection to the rest of the cryptocurrencies on the market that are also in the red.
Bitcoin and Blockchain Adoption
📍‌One River Digital noted that most of its clients prefer carbon-neutral Bitcoin investment products. The digital asset management firm manifested that an overwhelming majority of its institutional Bitcoin Fund clients have chosen to switch to One River's new carbon-neutral Bitcoin investment product.
Eric Peters, chief investment officer and founder of One River Asset Management, noted that the decision by the majority of his clients is an important step in the right direction, which will allow the full potential of Bitcoin and digital assets to be realized, while minimizing environmental concerns.
NFT and DeFi Markets
📍‌Sotheby's sells Cryptopunk 7523, known as the Alien Covid, for $11,8 million, marking a new milestone in the history of these non-fungible tokens. The auction house was offering the NFT as part of its Natively Digital collection.
📍‌Dogecoin (DOGE) has its first NFTs from its co-founder, Billy Markus. The developer posted on his Twitter account what are the first NFT inspired by the popular cryptomeme.
Markus noted that DOGE non-fungible tokens are up for auction on the Rarible marketplace and the Foundation platform. He further explained that there are 3 categories of NFTs being auctioned. The first, an open edition consisting of 420 NFT tokens; the second, a scarcer offering of 3 special NFT tokens; and the third, an exclusive offering with a single, original NFT token. Markus also detailed that at the time of his publication, DOGE NFTs in the second category were already sold out.
📍‌1inch launches Limit Orders protocol to expand its functionalities. As explained by the developers of the DeFi protocol in their web pageThe new protocol charges no fees and allows users to enjoy different functionalities such as conditional orders and dynamic pricing in a multi-chain environment, running on Ethereum, BSC and Polygon.
Events
📍‌Talent Network and Talent Republic launch a new talent contest that allows participants to choose the theme of “Blockchain”. According to reported the media dedicated to creativity, innovation, science and technology, the talent program called “El Talento es Hoy” by Talent Land allows its participants to demonstrate their skills in the themes of “Blockchain”, which includes conferences, meetings, workshops and other activities on Bitcoin, cryptocurrencies, NFTs, DeFi, Cypherpunks, and more, in addition to other categories such as “Developer”, “Iron” and “Future”.
Cybersecurity
📍‌The Wall Street Journal reveals that JBS USA Holdings Inc. paid $11 million to cybercriminals who attacked its servers. The meat producer and distributor, one of the largest in the world, was the victim of a hack that disrupted the operations of several of its production plants and subsidiaries last week, affecting the supply of meat in the United States. Although it was able to restore its services without the help of the hackers, the company says it was forced to pay the sum of $11 million to the hacking group to prevent them from attacking again.
André Nogueira, CEO of the US division of JBS USA, said that “It was very painful to pay the criminals, but we did the right thing for our clients”. By details WSJ reports that the payment was made using bitcoin. The company immediately informed US authorities of the attack and the FBI says it may have been carried out by the REvil group, although investigations by both the authorities and the company are still ongoing.
Rules and Regulations
📍‌In Iran, President Hassan Rouhani is asking his team to formulate new regulations on cryptocurrencies. According to expressed Rouhani, at the 231st meeting of the Economic Coordination Board of the Iranian Cabinet, said that the country needs to regulate the commercial operations carried out by its citizens with bitcoin and the rest of the cryptocurrencies on the market, to avoid risks to its monetary policies and its financial system.
Continue reading: Dapp users prefer transactions on Polygon over Ethereum, says DappRadar
