Salvadorans can now use Bitcoin to pay for their services, El Salvador's water and sewer company ANDASV reported. This and more news is 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
📍Salvadorans can now use Bitcoin to pay for public services. The water and sewerage company of El Salvador, ANDASV, reported that Salvadorans can now use Bitcoin (BTC)), through the state's Chivo wallet, to pay their water bills at various locations across the country. The company's president, Rubén Alemán, said that payments are enabled at the ANDASV locations located in Las Cascadas, Metrosur, Galerías, Apopa and Soyapango and that more will be activated soon.
Despite the opposition of a significant portion of the population to the adoption of bitcoin as legal tender in El Salvador, payments with the cryptocurrency continue to spread in the country.
Bitcoin and Blockchain Adoption
📍Professional American football player Thomas Edward Patrick Brady, Jr. wants to receive payments in cryptocurrency. Thomas, better known as Tom Brady, said he was open to the possibility of receiving part of his salary in some cryptocurrency. Specifically, the professional player mentioned that he would be happy to receive bitcoins, ethers, or solana as a form of payment. During a podcast with Jim Gray on SiriusXM, Tom Brady noted that cryptocurrencies are an amazing thing that is positively impacting the entire world.
Tom Brady has already made his foray into the crypto world. In July this year, he invested in the FTX platform. On the other hand, at the end of last year, professional player Russell Okung became the first professional NFL player to receive part of his salary in bitcoins. Okung began receiving 50% of his salary in the market-leading cryptocurrency, declaring that Bitcoin, as a digital asset and as an alternative financial system, was born to return power and freedom to society.
📍German exchange Deutsche Börse launches three new cryptocurrency ETNs. The Deutsche Börse authorized the launch of three new exchange-traded products, also known as ETNs, for cryptocurrencies. ETNs were launched by the firm VanEck for cryptocurrencies polkadot (DOT), Left (LEFT) y Tron (TRON) and began trading on the German stock exchange yesterday.
VanEck continues to expand its offering of cryptocurrency ETNs, while Deutsche Börse continues to include new products to offer a wide range of options to investors. The German exchange already includes exchange-traded products for other cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) y Litecoin (LTC)These ETNs are traded through the Xetra platform and Börse Frankfurt.
📍Movie giant AMC also wants to accept Dogecoin payments. In addition to announcing the integration of payments in bitcoins, ethers, litecoins and bitcoin cash by the end of this year, AMC is also thinking about accepting payments with DOGE. Adam Aron, CEO of the cinema chain, posted a poll on his Twitter account to find out the community’s opinion regarding payments with DOGE. At the time of this publication, the “yes, definitely do it” option has more than 68% of the votes.
NFT and DeFi Markets
📍Big crypto investors support Orce, Solana's eighth DEX. The developers of the decentralized exchange (DEX) Orca, developed on the Solana network, announced the closing of a funding round for $18 million, which included the participation of major industry investors. Firms such as Three Arrows Capital, Polychain, Placeholder, Jump Capital, Sino Global Capital and DeFiance Capital are some of the crypto investors that participated in Orca's funding round.
The DEX noted that the funds raised will finance the expansion of the platform and its work team. The ecosystem DeFi Solana has grown more than 200% in the last month, according to data DeFi Llama.
Miners
📍Bitcoin Genesis Digital Assets closes $431 million funding round. The round was led by the firm Paradigm, and other well-known investors in the crypto industry participated, including NYDIG, Ribbit, Electric Capital and the private equity fund Kingsway Capital.
Bitcoin Genesis Digital, dedicated to cryptocurrency mining, reported The funds will be used to finance its expansion. By 2023, the crypto mining company expects to reach a total capacity of 1,4 gigawatts (GW) at its US-based data center; which would be an increase of more than 800% of its current capacity.
📍BIT Mining will expand its crypto mining services in Ohio, United States. The bitcoin mining company reported on its alliance with Viking Data Centers to install a new data center in Ohio, United States. According to the release According to BIT Mining, the new mining facilities will be ready by the first quarter of next year and will have a capacity of up to 85 megawatts (MW). The company is investing more than $12 million in this new crypto mining center.
Development and Technology
📍The Ministries of Culture and ICT in Colombia finance “B Coins”, a digital game to educate about investment. B Coins is a digital game that replicates the movements of the stock market and cryptocurrencies, so it is aimed at encouraging financial education in school-aged children. According to its developer, Henry Jean Velásquez, only 1% of children in Colombia receive education on this subject in their schools. But given the popularity of cryptocurrencies, it is important for children to learn how to invest within this market.
The Colombian Ministries of Culture and ICT held a competition called “Crea Digital” where B Coins was the winner in the video game category, taking home $30.000 in funding to boost its development, explained the newspaper Ambit.
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