Bitcoin company NYDIG and global professional services firm Deloitte have entered into a strategic alliance to help banks and financial institutions implement Bitcoin into their business models. 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.
Cryptocurrencies and stablecoins
📍Waves, Shiba Inu, Zilliqa and Uniswap are among the four cryptocurrencies leading the market recovery. These four cryptocurrencies, related to the ecosystem of decentralized finance (DeFi), show a recovery between 7,8% and 38,9%, in their value in the last 24 hours.
Bitcoin and Blockchain Adoption
📍NYDIG and Deloitte team up to meet growing demand from banking clients for Bitcoin and cryptocurrencies. According to financial firms, it is becoming increasingly common for banks and financial institutions to decide to accept cryptocurrencies to meet the demand of their users and clients. Therefore, the companies intend to encourage institutional entry into the crypto industry through a strategic alliance.
In a Press releaseDeloitte said its partnership with NYDIG will help accelerate the availability of Bitcoin-based financial services.
📍Hublot launches limited edition watch that can be paid for with Bitcoin. The Swiss luxury watchmaker is integrating Bitcoin payments for its new product “Big Band Unico Essential Grey”; a limited edition watch, with only 200 units available, which can be purchased only from the brand’s eBoutique online store in the United States.
📍The Emporium Café innovates with Bitcoin and Blockchain technology. The Emporium Café has become the first restaurant near Lake Atitlán to accept Bitcoin payments.
Through Twitter, the Bitcoin Lake Guatemala organization reported The Guatemalan restaurant is launching its menu via a digital app. In addition, The Emporium Café has also added Bitcoin to its payment options.
Restaurant customers will be able to pay with cryptocurrency through the network Lightning Network, which allows BTC transactions to be made instantly and essentially free of charge.
NFT and DeFi Markets
📍Cryptocurrencies take over Noma's new production. The Japanese-based film studio will launch a new series of films that will be inspired by the world of cryptocurrencies. In total, Noma will create three film productions that will tell, through the big screen, everything about the crypto industry.
The first in this series of films, titled “The Rhetoric Star,” is set for release in 2024, Noma founder and producer Taichi Ito announced.
Metaverse and Play to Earn Games
📍TIMEPieces comes to The Sandbox to launch a cultural center. Ethereum's blockchain metaverse will host Time's new initiative to explore the blockchain world. It is TIME Square, a cultural center that the publication will open on the video game platform to serve as a meeting and event space for its NFT community.
TIME Square will be inspired by the New York City neighborhood.
The TIMEPieces initiative was launched in March 2021 to bring the publication and its readers closer to cryptocurrencies, NFTs, and Web3. Today, the TIMEPieces NFT community is made up of more than 40.000 artists, collectors and new technology enthusiasts, the publication notes on its website.
CBDC and Central Banks
📍According to the Bank for International Settlements (BIS), most central banks around the world are exploring a CBDC. Whether for retail or wholesale purposes, central banks around the world are exploring the adoption of blockchain technology to improve their payment and financial systems, through so-called CBDCs.
The Bank for International Settlements, an organization created by banks to promote cooperation between monetary authorities worldwide, has recently said that the 90% of central banks is exploring the creation of a CBDC.
Among the world's powers, China has the edge in developing this innovation. Its digital yuan currency, called e-CNY, has handled more than $9.000 billion in transactions and currently has more than 260 million users.
Other countries exploring the issuance of a digital currency by their central bank include the United States, Nigeria, South Korea, Australia, Thailand, Sweden, Japan, and many others. Even the European Central Bank (ECB) study the feasibility to issue a digital currency for the euro in the coming years.
Continue reading: Treasury requires reporting on the possession of cryptocurrencies
