✔Rio de Janeiro will invest 1% of its treasury in bitcoin and will develop its own cryptocurrency: RioCoin. This was announced by its mayor, Eduardo Paes, at the Innovation Week in Rio, according to the newspaper Globe. The city, which will follow in the footsteps of Miami and New York, will also develop the project hand in hand with City Coin and provides for tax exemption to boost crypto adoption. The mayor announced the news at a conference on the challenges of transforming cities into technology hubs, in which the mayor of Miami, Francis Suárez, also participated.
Rio de Janeiro y bitcoin
✔Tesla accepts payments with DOGE and the price shoots up 20%. The price of Dogecoin (DOGE) grew to $0.18 USD following the announcement by Tesla that it has integrated the token into its payment options. On his Twitter account, Elon Musk announced that some Tesla products are now available for purchase through DOGE. In recent weeks, DOGE fell out of the Top 10 cryptocurrencies.
NFTs reach the hospitality industry: a restaurant is financed with the advance sale of NFTs
✔12% of people who bought a home for the first time in the United States used cryptocurrencies. According to a survey by real estate company Redfin, in the last quarter of 2021, 11.6% of surveyed first-time homebuyers said that cryptocurrencies had helped them save for down payments. In the same period of 2020, the percentage was 8.8% and in 2019, 4.6%.
DAOs prepare for their big year 2022: they control $10 trillion in assets
✔Twitter founder Jack Dorsey announces legal defense fund for bitcoin and says that Block (Square) is building a BTC mining system. The fund will serve to defend developers from lawsuits related to their activities in the Bitcoin ecosystem. As well as providing assistance with “finding and hiring defense attorneys, developing a litigation strategy, and paying legal bills.” In the initiative, Dorsey is accompanied by Alex Morcos and Martin White. Likewise, Block, formerly Square, has said that it will build an open-air bitcoin mining system together with the community.
✔Endaoment, a blockchain NGO, raises $30 million in cryptocurrencies. Endaoment is the first income tax exempt community NGO built on blockchain. The NGO, which operates as a donor-driven fund (DAF), is dedicated to raising cryptocurrency value to help other charities. To date, the organization has raised $30 million in cryptocurrency.
US banks promote the adoption of their own stablecoin
✔The DAOs manage more than $10 billion in assets. 2022 could be a great year for DAOs (Decentralized Autonomous Organizations) built on blockchain. According to data from Coin98, there are currently more than 100 DAOs managing more than $10 trillion in assets.
✔DeFi Alliance raises $50 million USD and will change its business model to become DAO. DeFi Alliance, the leading decentralized finance accelerator, has raised $50 million from 300 investors and announced that it will transform into a DAO to accelerate Web 3 startups.
Associated Press announces the creation of a market for photo NFTs
✔San Diego State University (SDSU) promotes the use of cryptocurrencies. The Campanile Foundation at San Diego State University has begun accepting donations in Bitcoin and Ethereum to drive the use and adoption of cryptocurrencies. The educational center reported that it will use the donations to finance an internal cryptocurrency transaction system, as well as activities focused on the potential of crypto assets.
Ripple y Ethereum
✔Ripple will be able to access emails from the SEC about the decentralized nature of Ethereum. The ruling forces the SEC to disclose emails related to a 2018 speech by former official William Hinman. Hinman apparently said in it that ethereum, being decentralized, is not a security. The SEC sued Ripple for considering it to be an unregistered security.
Why web browsers will be the building blocks of the Web 3
✔Opensea and Uniswap continue to lead the ETH burn. According to data from Watch the Burn, a total of 19,424 ETH was burned on Monday, a record number for Ethereum. As a result of the London update, the Ethereum blockchain activated a new system of commissions and the burning of tokens in the network with the EIP-1559.
✔Polygon is positioned as one of the favorite networks to operate with NFTs in Opensea. The monthly sales volume of NFTs in Opensea, through Polygon, grew by more than 127,000%. Due to its almost imperceptible commission costs of 0.001 MATIC, Polygon is becoming the preferred network for trading NFTs on Opensea, the largest NFT marketplace.
Regulators and cryptocurrencies
✔Theter Limited freezes another 3 USDT addresses. Three other addresses holding more than $150 million in USDT were frozen this week by the stablecoin’s issuing company, Tether Limited. As a result of centralization, USDT addresses were added to the company’s blacklist. At the moment, Tether Limited has not informed about the reasons that led it to take these actions.
How is Blockchain and DAOs transforming the job market?
✔The US Office of the Comptroller of the Currency (OCC) advocates regulating stablecoin issuers like banks. Michael J. Hsu, acting head of the OCC regulator, said at the British-American Business Transatlantic Financial Forum that he called stablecoins “oxygen of the crypto ecosystem.” But he also alluded to the risks they pose. In this sense, he asked to address the issue from a coordinated regulatory approach by US institutions.
Top 10 Video Game Companies Working on Blockchain Games Play to Earn
✔Cryptocurrencies can have a destabilizing effect on financial markets, the IMF warns. The International Monetary Fund believes that the rapid rise and volatility of crypto assets will cause a domino and destabilizing effect on global markets. According to the agency, the falls and rises in the prices of cryptocurrencies can infect the price of shares, destabilizing financial markets.
Banks boost stablecoin
✔US banks create consortium to boost their own stablecoin. New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank created The USDF Consortium. An organization backed by the FDIC, to promote the use and adoption of its own stablecoin: USDF.
✔The German tokenization company Neufund announces its closure. Nufund blamed regulatory uncertainty for the end of its activity, despite having run its business profitably. Since its creation, it has operated close to 20 million euros and worked with more than 11,000 investors from 123 countries.
The metaverses as technology of the Fourth Industrial Revolution
✔The conflicts of Kazakhstan affect the hash rate de Bitcoin. The computing power of Bitcoin fell to 174 EH/s, 5% since last January 6, due to the political crisis in Kazakhstan. According to different media, the country’s government suspended Internet access throughout its territory, which affected the operation of Bitcoin miners in the country.
The silicon war
✔Bolivia informs its citizens about the ban on cryptocurrencies in the country. The Central Bank of Bolivia published a statement informing its citizens that commercial activity with cryptocurrencies is prohibited in its territory. According to the financial institution, cryptocurrencies are not protected by the country’s regulatory bodies.
IMF warns of destabilizing effect of cryptocurrencies on financial markets
✔Silent Silicon War Hits Crypto Mining, Pits US & Europe With China. The war for silicon dates back to 2014. In that year, one of the largest producers of silicon wafers was Intel. This company had in its possession the ability to create chips at 14 nanometers (1 nanometer is one millionth of a millimeter, almost the size of an atom). However, Intel’s technical achievement would be overshadowed by the arrival of TSMC, the world’s largest semiconductor foundry. TSMC surpassed the level of Intel and can now create chips using 5nm and 3nm nodes. The TSMC company is currently the world’s largest supplier of chips.
NFT and Metaverses
✔NFTs reach the hospitality industry: a restaurant is financed by the advance sale of NFTs. NFTs make their debut in the hospitality industry at the hands of a New York restaurant that is financing itself with the advance sale of non-fungible tokens. Flyfish Club, which is the name of the restaurant, will open its doors in 2023 and will only be accessible through the purchase of an NFT. Each of these NFTs will give access to the restaurant, as well as a private club, only for owners of the tokens. Currently, the prices of each NFT fluctuate between $13,000 and $27,000 in OpenSea. In just one day, the restaurant moved more than $15.8 million in sales from its memberships as NFTs.
Clothing chain Gap launches a collection of NFTs on Tezos
✔Associated Press to launch NFT marketplace for historical and contemporary photos. The US news agency Associated Press will have its own market platform to trade photos taken by its photographers. The first collection of photographs as NFTs will be released on January 31 and will include some Pulitzer Prize-winning images.
The Future of NFTs: It’s the Community, Stupid!
Catalonia has a metaverse
✔Catalunya, an autonomous community of Spain, launches the metaverse CatVers. Developed by the Blockchain Center of Catalonia (CBCat), CatVers is a metaverse built to promote the Catalan culture and language. CBCat has developed the project in collaboration with the Barcelona Chamber of Commerce and the Department of the Vice Presidency and Digital Policies and Territory.
✔Gap uses the Tezos blockchain to launch its first collection of NFTs. The Gap clothing chain launched an NFT collection in collaboration with Brandon Sines. Gap chose Tezos to launch their tokens due to the scalability and efficiency that this blockchain offers. Tezos allows you to operate with minimal energy consumption and a low carbon footprint.
This is “Heroes of Metaverse”, the new “play to win” game
✔H&M launches its first digital and sustainable fashion collection. Swedish fashion company H&M designs its first digital fashion collection together with actress Maisie Williams and virtual fashion house Dress-X. This first collection is made up of 3 digital garments. Additionally, the company announced a naming contest for its digital apparel. The most creative proposals will win one of the H&M digital looks.
Top 10 Video Game Companies Working on Blockchain Games Play to Earn
Play to Earn
✔Prota Games releases its first Play to Earn game “Heroes of Metaverse”. The Brazilian game developer and the most important in Latin America launches a new action and fantasy blockchain game. Players will be able to earn rewards in tokens and NFTs. Prota Games held a presale for “Heroes of Metaverse” NFT tokens through its platform on Friday.
At press time, the market capitalization of cryptocurrencies is $2,056,691,869,702 dollars ($2.05 billion).