For the first time, the winners of the annual International Youth Audiovisual Media Festival, organized by the Japanese company Meihodo Inc., will receive prizes in Bitcoin and NFTs. 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.
Cryptocurrencies and altcoins
📍Bitcoin price falls again, touching $33.000 for the first time in 6 months. The volatility that the crypto market is currently experiencing pushed Bitcoin (BTC) up to the $33.060 per unit for the first time since July 2021, when regulatory measures imposed by China massively collapsed the value of crypto assets on the market.
Cryptocurrencies have had a rough start to 2022, with an overall drop of 30% since the beginning of the year, caused by economic concerns that the Federal Reserve, tension in Kazakhstan and, currently, in Ukraine, and regulatory proposals from the Bank of Russia are generating in the markets. Currently, the price of Bitcoin is above $36.000 while the capitalization of the crypto industry is around $XNUMX. 1,64 trillions of dollars.
📍Solana (SOL) is one of the cryptocurrencies most affected by the general decline of the crypto market. Over the past month, SOL has lost over 50% of its value, currently trading at around $86 per unit. With a market cap of $27.500 billion, SOL ranks as the 8th largest cryptocurrency currently. At the beginning of last November, Solana's market cap was close to $80.000 billion.
Bitcoin and Blockchain Adoption
📍Winners of the annual International Youth Audiovisual Media Festival will receive bitcoins and NFTs as prizes for the first time. The fourth installment of the annual festival organized by Meihodo Inc. will award its top 10 participants with bitcoins and NFTs for the first time ever. The awards will be presented by actor and producer Michael Douglas on February 22 in New York City.
James Zhang, Vice President of Meihodo International Youth Visual, he pointed that the company is focusing on driving technology and innovation in the next generation of film artists, welcoming new and innovative technologies.
📍Michael Saylor and Eric Adams stand firm against the possibility of a crypto winter. MicroStrategy Chairman Michael Saylor and New York Mayor Eric Adams remain positive about the fall of Bitcoin, which has lost nearly 50% of its value since its all-time high in November.
Saylor noted that no one has lost money with bitcoin in the past 4 years, so he is not worried about the possible arrival of a new crypto winter. Meanwhile, Adams, who recently received his first salary in BTC and ETH, said he did not regret his decision and that he is confident in the disruptive potential and future growth of these cryptocurrencies.
NFT and DeFi Markets
📍NFTs from the Bored Ape Yacht Club collection sold well below their current floor price on Opensea. A glitch on the industry’s largest NFT marketplace, Opensea, allowed a buyer to acquire several NFTs from the popular Bored Ape Yacht Club (BAYC) collection for well under the current minimum asking price of 86 ethers for these NFTs. The buyer, known as “Jpegdegenlove,” snapped up BAYC #8924 for just 23 ethers, while he was able to purchase BAYC #9991 for just 0,7 ethers — a 99% “discount” off the minimum asking price. Two NFTs from the Mutant Ape Yacht Club crypto collection were also purchased by “Jpegdegenlove” for less than their current minimum asking price.
User “Tballer”, owner of BAYC #9991, wrote in shock that he had lost one of his valuable NFTs.
In addition to this, the cybersecurity and analysis firm PeckShield revealed a second attack on Opensea, worth over $700.000. According to the firm's analysts, Opensea lost 332 ethers of its funds recently, due to a front-end issue.
📍SundaeSwap Surpasses 80 Million TVL But Network Congestion Issues Continue Cardano's first DEX and AMM, Sundae Swap, has congested the network, causing transactions to take longer than usual. Currently, this DEX has a liquidity or TVL (Total Value Locked) of 82 million dollars, just 4 days after its launch.
Rules and Regulations
📍Hayden Adams, founder of Uniswap, denounces the arbitrary closure of his bank accounts at JP Morgan, for no apparent reason. The founder of Uniswap, one of the largest DEXs in the crypto industry, has denounced the arbitrary closure of his bank accounts at JP Morgan, pointing out that it is a personal attack, as has happened with other people and companies. “simply by working in the cryptocurrency industry”. Via Twitter, Hayden said that his bank accounts were closed without warning or explanation.
Although JP Morgan has not explained the reasons behind the closure of the accounts, it is worth remembering that the United States Securities and Exchange Commission (SEC) has been investigating Uniswap Labs since last July, as reported At the time, the company responsible for developing Uniswap reported that it would limit access to more than 100 tokens from its web portal, citing regulatory concerns.
Continue reading: BIP-119: A new recurring payment standard may be coming to the Bitcoin blockchain this year
