Meta-developed digital wallet Novi integrates with WhatsApp to enable payments with Pax Dollar, while MicroStrategy announces a new investment in Bitcoin, worth $82,4 million. 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.
Bitcoin and Blockchain Adoption
📍Meta integrates Novi with WhatsApp to enable payments with the USDP stablecoin in the United States. Meta, formerly known as Facebook, is integrating WhatsApp has brought its digital wallet app Novi to WhatsApp, one of the most popular instant messaging apps in the world. WhatsApp users in the United States will now be able to send money through the app with Novi. Payments and transfers are made instantly and without fees using the stablecoin Pax Dollar (USDP), issued by Paxos. The payment feature enabled on WhatsApp is in a testing period, so, in principle, it will only be available to a select group of users.
📍MicroStrategy accumulates 122.478 bitcoins with its new investment of $82 million. MicroStrategy's holdings in Bitcoin exceed $5.940 billion at the time of this writing. The American business intelligence company has invested another $82,4 million in the cryptocurrency, adding 1.434 bitcoins to its balance sheet, worth $57.400 per BTC, on average. The announcement was made by the company’s CEO, Michael Saylor, via Twitter.
NFT and DeFi Markets
📍Joseph Delong leaves SushiSwap effective immediately. SushiSwap CTO abandonment the project DeFi on Thursday and said goodbye to the community, asking them to beware of self-proclaimed leaders that emerge within the core team. According to Delong, SushiSwap is going through different conflicts that put the project at risk.
📍Ross Ulbricht's NFT auction ended at $6,2 million. In the last ten years, being NFT The NFT, created by Ross Ulbricht, founder of Silk Road, one of the largest darknet marketplaces to date, was sold on Super Rare for 1.446 ethers, valued at around $6,2 million at the time of sale. The NFT, from Ulbricht’s “Genesis Collection,” is one of a series of works created from his childhood to his imprisonment. Ulbricht, who has already spent 9 years in prison, was convicted of several crimes, including computer hacking, money laundering and conspiracy to traffic narcotics.
The money raised from the sale of the NFT will be used to support his freedom and raise awareness.
Miners
📍Pressure on Iceland's electricity system is leading the country to cut power supplies to several companies, including Bitcoin miners. Iceland's National Energy Company, Landsvirkjun, announced that it will reduce energy supplies to several industries and companies in the country, including Bitcoin miners. According to reported Bloomberg, Iceland will not grant permits to new cryptocurrency miners as part of its strategy to reduce the pressure that high electricity demand is currently causing on its system.
Development and Technology
📍Polygon Network joins Mir Protocol to implement zero-knowledge technology. Polygon developers announced via Twitter that the protocol will join forces with Mir Protocol to build Polygon Zero; a new highly scalable Ethereum-compatible zk-rollup. Polygon will invest 250 million MATIC tokens for the implementation of Mir's zero-knowledge (ZK) technologies, which equates to about $550 million, according to the price MATIC’s current market capitalization. The protocol has a $1.000 billion fund to boost its new approach and create new ZK-based solutions.
Events
📍Venezuela celebrates its first art exhibition in NFT, created on the Tezos network. The Tokeny, the first collective exhibition of digital art in NFT that is being held in Venezuela this December 9 and 10, to showcase the artistic talent that exists in the country. The 23 NFT works of art on display in the exhibition were designed by artists such as Andrés Briceño, Playful Chunks, Flores Solano and many others.
Continue reading: Tezos energy efficiency increases 70% since its migration to Proof of Stake
