Authorized Porsche dealer Porsche Towson has implemented cryptocurrency payments, allowing its customers to pay for their luxury cars with Bitcoin, Ethereum, Dogecoin and Shiba Inu. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and stablecoins
(I.e.Bitcoin, Shiba Inu and other cryptocurrencies are becoming the accepted payment methods for an authorized Porsche dealer. The Porsche Towson dealership in Baltimore, United States, will allow its users interested in purchasing one of its high-end sports cars to use cryptocurrencies such as Shiba Inu (shib) as a means of payment.
Porsche Towson announced a partnership with a local payment provider to support payments in Shiba Inu and some of the industry's top cryptocurrencies, including Bitcoin (BTCEthereum ()ETH) and Dogecoin (DOGE).
Bitcoin and Blockchain Adoption
📍Investment manager Franklin Templeton is moving closer to digital assets. Franklin Templeton has signed Sandy Kaul, former global head of business advisory services at Citi Prime Finance, as senior vice president of the Franklin Templeton Institute. In his new role, Kaul will provide advice and thought leadership to the global investment management organization, with a special focus on digital assets and models.
Kaul he pointed which will work to “respond to the transformative changes taking place in our industry, to position ourselves for the next decade and beyond.”
NFT and DeFi Markets
📍Cardano continues to gain ground in the decentralized finance ecosystem. Cardano’s decentralized protocol WingRiders is now the second-largest on the network by value locked. According to on-chain data, liquidity deposited on WingRiders has grown by over 38% over the past 7 days, reaching $57,6 million in TVL.
Cardano’s main DeFi protocol is Minswap, with total liquidity of $108 million, almost double what WingRiders holds.
Source: DeFi Llama
Cardano's DeFi ecosystem grew by more than 30.000% in the first quarter of 2022, going from a total liquidity of $800.000 at the beginning of January to more than $323 million at the end of last month.
Innovation, Development and Technology
📍Venture capital firm launches fund to boost gaming ecosystem in blockchain industry. Cryptocurrency-focused startup Framework Ventures has raised $400 million in its new fund “FVIII,” which will finance initiatives that boost blockchain gaming.
The venture capital firm has said that half of these resources, or $200 million, will support the burgeoning on-chain gaming ecosystem, which has seen a huge boost in recent months.
Through its new fund, Framework Ventures will support the integration of new technologies into the gaming industry, as well as initiatives that stimulate the incorporation of new users and improve the user experience.
Rules and Regulations
📍IMF publishes report on capital flow risks in cryptocurrencies. The International Monetary Fund has saying that the use of cryptocurrencies represents a risk to the financial stability of economies, since their use can cause capital flow movements, due to their ability to carry out anonymous cross-border transactions.
The organization recommends that global legislators implement regulations to mitigate risks and ensure macro-financial security and stability.
📍Secret Service Deputy Director of Investigations David Smith said the U.S. agency has seized more than $100 million in cryptocurrency over the past seven years. Smith said U.S. Secret Service agents have been involved in investigations to track illicit cryptocurrency funds, resulting in the seizure of some $102 million in crypto assets since 2015.
The Secret Service has a division tasked with investigating financial and cyber crimes, said Smith told CNBC. In total, the cryptocurrencies seized by the US security agency to date are the result of more than 250 investigative cases.
Continue reading: FBI warns that North Korea is launching cyberattacks on crypto targets
