A golden Bitcoin-themed float was the Swiss city of Lugano's choice to celebrate Carnival this 2023. This 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.
Lugano, Bitcoin, Plan ₿ and digital gold
📍Gold, Bitcoin's ₿ and BTC miners were some of the elements depicted on the float in the city of Lugano representing “digital gold.” On its Twitter account, Plan ₿ showed part of what was the city's float in the celebration of the 2023 carnivals.
It is worth noting that Bitcoin payments were legalized in the city of Lugano in March last year. In addition to this, the city was the first to announce a plan to boost the adoption of cryptocurrencies and stablecoins, called “Plan ₿” and the first to open a Bitcoin embassy of El Salvador to explore the opportunities for growth and economic development offered by the crypto industry and emerging technologies.
The market-leading cryptocurrency was also the central theme of the presentation in traditional El Salvador costume during Miss Universe 2022.
Withdrawals on FTX Japan are now back on track today
📍FTX's Japanese subsidiary announced that investors will be able to withdraw their funds from the platform starting today. FTX Japan shared a Press release recently to inform its investors and users that starting this Tuesday, February 21, the platform's withdrawal operations will restart.
According to the exchange's subsidiary, withdrawals will be processed through Liquid Japan, so to claim the funds, FTX Japan clients will have to confirm the asset balance in their accounts on the platform and then open and confirm a Liquid Japan account. The company also reported that it may experience some issues when processing all of its clients' withdrawal transactions, so it asks for patience during the process.
The platform had halted fund withdrawals after FTX filed for bankruptcy last November 2022.
Youtube, a giant aiming towards Web3?
📍Neal Mohan, new CEO of Youtube, “NFTs can allow creators to build deeper relationships with their fans.” YouTube chief product officer Neal Mohan, a believer in blockchain technology and NFTs, has been named as the new CEO of the Alphabet Inc. subsidiary, Google's parent company, succeeding Susan Wojcicki.
Mohan takes over the role following the resignation of Wojcicki, who served as CEO of Youtube for the past 9 years. In a letterWojcicki highlighted Mohan's commitment to driving the development of the platform, leading initiatives such as YouTube TV and YouTube Music.
The video-sharing platform’s new CEO has been greeted with enthusiasm by the cryptocurrency and Web3 community due to his optimism towards new digital technologies. Mohan had recently described NFT tokens as a tool that can help content creators connect more directly with their fans and followers. Speaking about blockchain and Web3, Mohan has also pointed out that these technologies hold incredible potential.
Bitcoin overtakes Visa in market capitalization
📍Bitcoin's market cap is 2,5% higher than Visa's. Bitcoin has reached a unit price of $25.000 per unit and, with it, a market capitalization of $ 481.050 million dollarsThis market value is 2,5% higher than that of Visa today. The multinational financial services and digital payments company currently has a market capitalization of $469.800 billion dollars, according to data consulted on the Companies Market Cap platform.
This is not the first time that Bitcoin's market cap has surpassed that of Visa and other major global companies.
Source: Companies Market Cap
Bitcoin is among the top 20 market caps in the world, ahead of other companies such as Tencent, Exxon, Meta Platforms, LVMH, JPMorgan, Walmart, Mastercard, Samsung, Bank of America, Alibaba, Coca-Cola, Pfizer, Walt Disney, among others.
San Francisco Fed shows interest in CBDCs
📍The Federal Reserve Bank of San Francisco has posted a job opening for a digital currency developer with experience in CBDCs. The agency's job offer was posted on the professional social network LinkedIn. According to the San Francisco Fed, the senior developer will be responsible for "designing, developing and implementing technologies to support CBDCs that the Board of Directors may require."
The San Francisco Fed believes that the creation of a digital dollar will help build a more functional economy and financial system for everyone.
Continue reading: Paraguay leads the growth of Bitcoin mining in Latin America
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