Visa has been working on accepting digital asset settlement payments like USDC to enable its clients and users to convert crypto to fiat on its platform, Visa’s head of cryptocurrency Cuy Sheffield reported. 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.
Visa seeks to become a leading digital payments network
📍Visa's Head of Cryptocurrency Cuy Sheffield has revealed Visa's new strategy for digital assets. During his presentation at the StarkWare Sessions 2023 conference, the Visa executive shared the multinational's plans to incorporate blockchain technology into its global network and boost payments with digital assets alongside the digital economy.
According to Sheffield, Visa's goal is to enable customers to convert digital assets into fiat currencies from within its platform. Sheffield said that in the same way Visa converts dollars into euros in a cross-border transaction, it wants to enable users to convert blockchain-based digital dollars, with USDC, into traditional dollars.
Bitcoin owners are holding for the long haul
📍More than 49% of Bitcoin's circulating supply has been sitting idle for at least two years. Blockchain data analytics firm Glassnode has highlighted that the percentage of bitcoins that have been held for at least the past two years hit a new all-time high this month.
According to the analytics firm's data, 49,04% of the circulating supply of bitcoin on the market has not moved in the past two years. These figures show that cryptocurrency investors are holding BTC as a long-term strategy.
On the other hand, the ethers staked on the new Proof of Stake (PoS) network have also just reached a new all-time high of 15.669.975 ETH, according to Glassnode.
Sales on the NFT market are increasing
📍Last month, NFT sales volume grew by more than 40%. Data from the CryptoSlam platform has highlighted the remarkable growth in sales volume that the NFT market experienced in the month of January. According to the data, last month, NFTs recorded sales totaling $ 997.530 million dollarsThis is 41% more than the sales volume recorded by the non-fungible token market in December 2022.
NFT collections based on the BNB Chain, Arbitrum One, Tezos, Ethereum, and Solana blockchains have seen the most growth in trading activity over the past month. However, the largest volume of NFT sales occurred on the Ethereum network, with sales of over $813,3 million.
FTX demands repayment of political donations
📍FTX asks US politicians to return donations received by the exchange. FTX is estimated to have donated around $93 million to various US politicians and political organizations while under former CEO Sam Bankman-Fried.
Now, according to a Press release According to the exchange's statement, recipients of political donations from the company have until the end of the month to voluntarily return the funds received from the company. Previous reports suggest that Bankman-Fried mismanaged user funds, with much of the aforementioned political donations being made with the money of the platform's customers and users.
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