Bitcoin price surpassed $40.000 per unit, posting the biggest daily gains in 6 weeks, before falling back to $37.000. Other cryptocurrencies and DeFi tokens also saw strong gains on Monday. 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 altcoins
📍Bitcoin (BTC) price surpassed $40.000 on Twitter, Tesla and Amazon news. This Monday, the price of Bitcoin (BTC) reached a value of $40.499, recording the biggest daily gains in 6 weeks.
Although global e-commerce giant Amazon recently said it has no plans to accept bitcoin as a means of payment in the near future, the possibility of this happening when it posted its job offer for a crypto and blockchain product leader sent bulls into the market, causing the cryptocurrency’s price to rally by more than 15% in the past few days.
Likewise, despite Amazon's refusal, a source close to the company, cited According to London business newspaper City AM, Amazon will accept transactions in bitcoins and other cryptocurrencies by the end of the year. This, together with statements by Jack Dorsey, CEO of Twitter, who said that bitcoin will be an essential part of the future of the social network, and the insinuations of Elon Musk, CEO of Tesla, who is evaluating The percentage of miners using renewable energy to power bitcoin payments at their electric car company sparked positive sentiment in the crypto market.
However, at press time, BTC is hovering around $37.000, showing that bears may still dominate the market in the short term.
📍The altcoins and DeFi tokens are seeing significant gains as Bitcoin prices rise. Several of the alternative cryptocurrencies on the market such as Ethereum (ETH), polkadot (DOT), Chainlink (LINK), Stellar (XLM) y VeChain (VET), show an increase in value of more than 20% in the last few hours. DeFi tokens such as uniswap (UNI), Hail (AAVE), Pancake Swap (CAKE), MakerDAO (MKR) y Compound (COMP), show growth of more than 15% according to data from CoinMarketCap.
Bitcoin and Blockchain Adoption
📍Tesla filed its quarterly financial report noting that it maintains its investment in bitcoin. During the second quarter of the year, Elon Musk's electric car company maintained its $1.300 billion stake in bitcoin, acquired at the beginning of the year. report The company's report did not show any sales or new acquisitions of cryptocurrencies and digital assets.
📍Cryptocurrency ATMs have grown by 70% so far this year. This 2021, the number of ATMs in cryptocurrencies, installed worldwide increased from 13.993 ATMs in 2020 to 24.030 ATMs installed today according to Coin ATM Radar. data The platform's experts point out that so far this year, companies have added 10.037 cryptocurrency ATMs, exceeding the number of new ATMs installed during the whole of 2020.
The United States is the country with the largest number of cryptocurrency ATMs, with a total of 20.478 units installed. In Europe, the number of these ATMs installed currently exceeds 1.190 units.
📍Singaporeans have a high level of awareness about Bitcoin and cryptocurrencies, Toluna said. Market research and analytics platform Toluna reveals that Singaporeans are more knowledgeable about cryptocurrencies than Australians, with a score of 63/100. results According to the survey conducted by the platform, 40% of the population of Singapore currently owns cryptocurrencies. The platform also points out that the regulatory framework present in the country has fostered knowledge and learning about cryptocurrencies and digital assets in the population.
NFT and DeFi Markets
📍Siam Commercial Bank (SCB), Thailand's oldest bank, has increased its global investment fund for Blockchain and DeFi. SCB increased its crypto industry investment fund from $50 million to $110 million recently, highlighting its vision of digital finance as the future of the financial system. The investment fund was established in February, when the bank announced that growing institutional interest in DeFi and emerging financial technologies warranted resources to boost the early development and growth of companies operating within this industry.
Innovation, automation, open access and inclusion offered by technology-based financial products and services Blockchain y DeFi These are key elements that banks must keep in mind to prepare for the impending transformation, said SCB 10X, the investment arm of Siam Commercial Bank.
📍Russia's Hermitage Museum will sell 5 of the world's most important works of art as NFT tokens. According to the museum, the works «Madonna Litta» by Leonardo da Vinci, «Judith» by Giorgione, «Lilac Bush» by Vincent Van Gogh, «Composition VI» Wassily Kandinsky and “Corner of the Garden at Montgeron” by Claude Monet will be sold as NFTs on the Binance NFT marketplace platform. The auction date for the NFTs of these important works has not yet been set.
In March, the Hermitage Museum became the first major museum in the world to embrace new technologies and NFTs.
Development and Technology
📍Juanjo Berenguer, mayor of the municipality of Campello (Spain), reported that the town is working on the development of a digital currency. A local medium quoted Mayor Berenguer's statements, who stated that the municipality will implement a pilot test for a local digital currency to measure the acceptance and adoption of cryptoassets by citizens and prepare the ground for the arrival of the digital euro, in approximately 3 years.
Rules and Regulations
📍Officials at the International Monetary Fund (IMF) are warning of the potentially dire consequences of adopting Bitcoin as legal tender. IMF Financial Counsellor and Marketing Director Tobias Adrian and General Counsel and Legal Director Rhoda Weeks-Brown, they said Countries that adopt bitcoin or another cryptocurrency as legal tender could see huge benefits to their financial systems, but also dire consequences. In fact, officials warn that the risks may outweigh the benefits due to price volatility and instability.
📍Blockchain Australia calls on Senate to develop appropriate regulatory framework for crypto industry. In a publication Recently, Blockchain Australia reported on its submission to the Senate Select Committee on Australia as a Global Financial and Technology Centre, for the establishment of regulation to enable the growth and development of the cryptocurrency industry. The aim is to direct the Committee on how to improve Australia’s position and leadership within this growing industry.
As the statement explains, the country must strengthen consumer protection, facilitate cooperation between cryptocurrency companies and the government, and promote a financial advisory approach that guarantees best practices within the crypto industry.
Continue reading: Jack Dorsey reveals that Bitcoin will be an essential part of Twitter's future
