A Paypal executive says the company wants to scale its payments with the integration of scalability-focused cryptocurrencies such as DOT, SOL, ALGO, and AVAX. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Cryptocurrencies and altcoins
📍Avalanche (AVAX) gains 40% in the last week, briefly surpassing Dogecoin capitalization. The price of AVAX, The cryptocurrency native of the Avalanche network, rose 12% in the last few hours and 40% in the last week, reaching a new all-time high of $144,9 per unit. With this new value, AVAX's market capitalization grew to $31.830 billion, surpassing Dogecoins (DOGE) as the tenth most important cryptocurrency on the market. However, at the time of writing, AVAX's price is close to $135 and ranks eleventh among the largest cryptocurrencies.
Other cryptocurrencies that have gained more than 20% in the last few hours are Zcash (ZEC), IoTeX (IOTX) and Flow (FLOW).
Development and Technology
📍Paypal looks at scalability blockchain cryptocurrencies to speed up and scale your crypto payments. The Senior Vice President of Paypal, Jose Fernandez Da Ponte, reported in a interview that Paypal is analyzing the possibility of integrating the industry's main scalable cryptocurrencies, such as Ethereum 2.0, Solana, Algorand and Polkadot, to offer faster and more accessible cryptocurrency payment and transfer services to its users. The Paypal executive pointed out that the great demand that exists for cryptocurrencies and the need to offer greater accessibility to these digital assets were the main drivers for the company to launch services with cryptoassets and for it to think about adding more accessible and scalable solutions to all.
Bitcoin and Blockchain Adoption
📍Sotheby's sells “Trolley Hunters"And"Love is in the air”, by Banksy, for $13 million in ethers. For the first time, auction house Sotheby's accepted ether during a live auction. The works of the anonymous street artist Banksy, “Trolley Hunters"And"Love is in the air”, were sold in ethers at the British auction house. As reported by Sotheby's on its Twitter account, the bidding for Banksy's works reached a maximum offer of 3.093 ETH, about $13 million at the time of sale.
The auction took place simultaneously in Sotheby's Metaverse, the virtual headquarters of the auction house in Decentraland, one of the most complete metaverses created on Ethereum.
📍El Salvador wants to create a new national educational plan focused on Bitcoin. El Salvador, the first country in the world to make Bitcoin its legal tender, wants to educate about the cryptocurrency at the national level. During a press conference on the Latin American Bitcoin conference, Labitconf 2021 that took place in the country, the Minister of Education, Carla Hananía de Varela, reported on El Salvador's new plans to update educational programs to incorporate topics related to Bitcoin and Blockchain.
El Salvador has vivid an intense week in Bitcoin Week, where various scenarios have been developed to continue promoting the adoption of Bitcoin in the country and the region. During Bitcoin Week, it was reported about the connection of the LaGeo crypto mining center in El Salvador to Blockstream via satellite; art auctions were held to raise funds for humanitarian causes; and the issuance of Bitcoin bonds on the Liquid Network for $1.000 billion was announced to build the Bitcoin Ctiy, among many other things.
DeFi, NFT and Metaverse
📍Macy's, one of the largest department stores in the United States, will launch an NFT collection. The department store chain will launch a collection of 10 NFT exclusive, inspired by Thanksgiving Day. Macy's will auction its NFT collection from November 19 to December 10. Funds raised from the auction will be donated to the Make-A-Wish Foundation, Macy's long-time charity partner.
Macy's NFT collection can be viewed through the official website of the chain of stores. Macy's reported that, in addition to the NFTs inspired by Thanksgiving, auction participants will have the opportunity to win a completely free generative NFT and participate in prizes of up to $10.000.
📍Yield Guild Games partners with 8 “Play to Earn” games to offer new opportunities to its players. The decentralized gaming community Yield Guild Games integrated 8 new games of the mechanic “Play-to-Earn", Or Play to win, in order to provide new value opportunities to its users.
The alliances made by the decentralized gaming community YGG include digital games Influence, Cyball, thetan arena, KOGs SLAM!, MOBOX, aavegotchi, DeHorizon y genopets, which join Axie Infinity, Splinterlands, Zed Run and others, available in its portfolio. With these new alliances, YGG offers access to a total of 18 digital games Play to Earn.
Cybersecurity
📍Elliptic report reveals losses of 12.000 billion in DeFi in the last 2 years. According to the latest report published by blockchain analysis firm, Elliptic, users of decentralized finance (DeFi) have lost value by about $12.000 billion in the last two years, as a result of scams, hacks and exploits.
Continue reading: B2M, Bit2Me's native token, will be available on the MEXC global centralized exchange
