Visa is partnering with more than 50 cryptocurrency exchanges and trading platforms to offer its services globally, in more than 70 million merchants. 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.
Bitcoin and Blockchain Adoption
📍Visa strengthens its commitment to cryptocurrencies and collaborates with 50 cryptocurrency exchanges and platforms to expand its service offering. The electronic payments giant reported that its users and clients will be able to use their cryptocurrencies, and digital assets almost anywhere in the world, through 70 million merchants, thanks to its alliances. The company is partnering with 50 of the crypto industry's participants to extend its Visa cryptocurrency cards and give its users more options for converting and using crypto assets from anywhere.
📍In Spain, Izertis, together with BSM and Pompeu Fabra University, will train professionals in blockchain. Starting next year, the consultancy firm and the university will be offering a course dedicated to blockchain technology, to train professionals in this sector of growing demand in the world. According to the releaseThe course will begin on January 21 and end on March 19. The curriculum includes topics such as the origin of blockchain technology and cryptography, DLT, among others.
📍Mike Novogratz, CEO of Galaxy Digital, says that the crypto community is growing at a faster rate in the United States than in other places in the world. The investment expert notes that North America, especially the United States, is leading the cryptocurrency market amid China's crackdown on these digital assets. Novogratz made these statements at a recent interview on the CNBC television network's Squawk Box program.
📍Woori Financial Group, which runs one of South Korea's largest banks, is showing great interest in cryptocurrencies. The banking and financial services company announced that it is partnering with a major exchange local cryptocurrency exchange to offer cryptocurrency custody services to its clients and investors. Since 2019, this company has been working on the development of blockchain-based financial products and services, together with Ground X, a Korean firm that offers blockchain-based solutions. blockchain.
The rise of cryptocurrencies and digital assets is taking over traditional banking, which is increasingly interested in adopting new technologies to stay at the forefront of financial innovation.
📍Sotheby's auctions The Key 10138 diamond for $12,3 million in cryptocurrency. The purchase was made anonymously, the auction house said, adding that it is one of the biggest milestones in the history of cryptocurrencies. At the time of announcing the auction, held in Hong Kong, Sotheby's reported that the diamond, one of the rarest in the world, was the most valuable physical collectible item auctioned using digital assets as a means of payment.
The anonymous buyer paid $12,3 million using bitcoins and/or ethers for the rare 101,38-carat diamond.
NFT and DeFi Markets
📍The SandBox will integrate the famous series “The Walking Dead” as a digital game. The metaverse, one of the best known and most used in the world, reported that it is collaborating with the entertainment company Skybound Entertainment to develop a game inspired by the television series.
The digital game will feature favorite characters from the series and allow players to create their own original adventures within the platform.
Development and Technology
📍In South Korea, a professor is urging his students to develop a cryptocurrency mining system from biological waste. The Ulsan National Institute of Science and Technology (UNIST) is pushing an initiative to mine cryptocurrencies using biological waste. Cho Jae-Weon, professor of urban and environmental engineering at the institute, said Reuters reported that reusing human excrement is a good way to generate energy for crypto mining. Jae-Weon is experimenting with his students using the biogas produced by recycling excrement to mine a cryptocurrency called Ggool, which he created himself.
Special toilets are installed at the institute, connected to a laboratory that recycles and processes biological waste. Each student who uses the toilets will earn 10 Ggool, the professor said, which they can use to pay for purchases on campus. One student said his feces are now “a treasure of great value,” so he talks about them all the time, thinking of things he can buy, from coffee to fruit to even a book.
📍Cambridge University reveals that Bitcoin network energy consumption has been reduced by more than 50%. The graphs that show the Cambridge Electricity Consumption Index Regarding Bitcoin, they point out that the cryptocurrency has dramatically reduced its energy consumption since its peak in May of this year. As of May 13, the Bitcoin network consumed approximately 142,8 terawatt-hours (TWh), while to date, consumption is 68,2 TWh. A reduction of almost 52% in just over 2 months.
Rules and Regulations
📍In the UK, the Advertising Standards Authority announces new measures against crypto advertising. According to reported According to the Financial Times, the UK's Advertising Standards Authority will crack down on marketing and advertising that misleadingly promotes cryptocurrencies.
According to the report, the regulator will focus on online and social media advertising, although physical billboards will also be under greater scrutiny. The Advertising Standards Authority’s intention is to protect investors from “irresponsible” advertising and prevent them from trading these assets through unregulated platforms that promise high returns. Overall, the regulator considers that cryptocurrencies have entered a “red alert” within financial advertising.
📍Tik Tok influencers are prohibited from promoting cryptocurrencies and digital assets. The social platform informed its content creators and influencers that they will not be able to promote, in any way, cryptocurrencies such as bitcoin or other digital assets. new policies The network notes that cryptocurrencies are prohibited along with all financial services and products, including, but not limited to, exchanges and currency exchange platforms, loans, monetary asset management, credit cards, currency trading, debt assistance programs, among others.
Continue reading: Jack Dorsey's Square is working on developing a Bitcoin hardware wallet
