Near Protocol's NEAR token surpassed $16 per unit to mark a new all-time high on Monday, following a weekly performance of 65%. 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
📍Near Protocol value soars to a new all-time high. Near Protocol (NEAR) reached $16,33 per unit this Monday. In the last week, the value of NEAR has grown by more than 65% on the market. The growth in value of this cryptocurrency is being motivated by the development of the Nightshade update, which will introduce sharding to the protocol and by the implementation of the stablecoin Terra's UST, which has been integrated with the scalability protocol based on proof of stake (PoS).
Bitcoin and Blockchain Adoption
📍Colombian real estate agency La Haus begins accepting Bitcoin payments. Colombians, who are among the most supportive of Bitcoin and cryptocurrency adoption, can now purchase real estate using BTC as a means of payment. La Haus, one of the most important real estate companies in Colombia, announced its partnership with a digital asset payment processor, to add Bitcoin to its payment options. The firm's clients will be able to purchase properties in the exclusive area Natura City, located in Santa Marta, using cryptocurrency. The real estate company Will offer Onchain payments with BTC or through the second layer scalability solution Lightning Network, according to the needs or demands of its clients.
📍Institutional adoption of cryptocurrencies will come in 2024. Gartner, the American information technology consultancy, prevent that the adoption of cryptocurrencies at an institutional level will be massively boosted in the next 2 years. According to a study carried out by the consultancy firm, large companies are considering adopting blockchain technology, digital currencies, CBDCs and DeFi to take advantage of the growth and investment opportunities offered by these new technologies.
NFT and DeFi Markets
📍11ELEVEN invests in an NFT from the Bored Ape Yacht Club crypto collection. The company behind E11EVEN, one of the most famous clubs in Miami (United States), has acquired an NFT from the famous Bored Ape Yacht Club digital collection. 11ELEVEN invested $396 for the purchase of BAYC #11. The Bored Apes have become one of the most traded NFT collections in the industry.
The company explained that it is interested in exploring the opportunities offered by NFTs, to bring value to its customers and users. In April of this year, 11ELEVEN began accepting cryptocurrency payments, processing over $4 million in crypto payments to date.
📍Battle for Life, the blockchain Play to Earn game that will succeed Axie Infinity in 2022. Rayan Cruz, CMO of Battle for Life, reported that the new blockchain game Play to Earn, where users can earn cryptocurrency rewards, will become the successor to Axie Infinity in 2022. According to Cruz, Battle for Life, developed on the BSC, will feature an attractive P2E game structure and NFT avatars, which will be available through the DEX PancakeSwap.
The new blockchain game will allow players to earn rewards for completing tasks and missions within the game. Additionally, to facilitate and encourage user participation, Battle for Life will feature a scholarship and account rental program.
📍Opensea users receive a gift of gratitude for contributing to the popularity of NFTs. The OpenDAO DAO launched the SOS token to thank Opensea users for their contribution to the popularity of the NFTs. In 2021, non-fungible tokens became a global trend, taking over large industries such as sports, video games, cinema, fashion, among others. The trading volume of NFTs on Opensea exceeded $10.000 billion this year, becoming the largest NFT market in the entire crypto industry.
Miners
📍Bitcoin miners have a new restriction on their operations in Iran. Iran's government has again banned Bitcoin mining in the country, this time citing increased gas consumption due to the onset of winter, which will limit gas supplies to power plants, affecting their production. Iran's Ministry of Energy has organized saving electricity and gas consumption as much as possible, to minimize power outages in the country; which is why BTC mining farms must cease operations again, just two months after restarting them, after passing the restriction imposed by the Iranian authorities during the summer.
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