Blockchain Industry update (Naka Token, Facebook, McD)

This week was bullish for Bitcoin and Cryptocurrencies. Corporate giants like Google and Dell have shown favor for Bitcoins and other digital currencies…check their interest in this article.  

::Cryptos::

  • Bank of America identifies 20 high-profile US companies with crypto exposure. These companies with crypto and digital assets exposure have stocks rated as “Buy” or “Neutral” by Bank of America.
  • US Justice Department announces launch of national crypto enforcement team.
  • Celsius reportedly borrowed $1B from Tether with Bitcoin as collateral. Tether disputes Bloomberg Businessweek report investigating the stablecoins dollar holdings.
  • Powercrypto Holdings to launch BTC & ETH mining in Hong Kong. The venture seeks to utilize sustainable energy practices throughout the operation process.
  • Insured Finance rolls out their MVP. Insured Finance invites 25 testers to trial their upcoming digital asset insurance marketplace.
  • Binance US has promoted its president Brian Shroder to CEO after the sudden exit of Brian Brooks two months ago.
  • Binance shuts down derivatives trading in South Africa
  • Sri Lanka appoints committee to implement crypto mining and blockchain. The committee plans to propose a suitable framework for Sri Lanka after studying the regulations followed by international markets.
  • Tether FUD emerges again as a Bloomberg report alleges that Tether could be a scam. CoinDesk’s Morris also warns that Tether’s continued failure at being transparent could be catastrophic.
  • Bitmain stops shipment of Antminer crypto mining rigs into China. Bitmain plans to identify green mining opportunities from power generation projects in Chinese provinces.

::NFTs::

  • McDonald’s China launches its first NFT. The NFT commemorates the brand’s 31st anniversary in mainland China. Known as ‘Big Mac Rubik’s Cube’, the NFT is designed after the brand’s new HQ building.
  • McDonald’s China to give away 188 NFTs on 31st anniversary. The “Big Mac Rubik’s Cube” NFTs will be distributed to Chinese employees and customers by McDonald’s China as a part of a giveaway.
  • ConsenSys plans funding round at $3 billion valuation. This latest funding effort comes at a time of considerable growth in the Ethereum space as the use of non-fungible tokens continues to pick up.

::Blockchain::

  • The NAKA Token was successfully audited. The NAKA token will be a key part of the Nakamoto Games ecosystem as it will be essential for access to games and will also play a role in the governance of the platform.
  • Ukrainian president returns virtual asset bill to parliament for revision. Volodymyr Zelensky did not object to the bill’s fundamental principles but opposed the idea of creating a new watchdog agency.
  • Velas increases blockchain grants program to $100M. Blockchain projects with a focus on DeFi, NFTs, gaming and others will be eligible to receive up to $100,000,000 in funding.
  • Compound unanimously passes proposal to repair bug. Proposal 064 seeks to repair the token distribution bug introduced during Proposal 062 once and for all.
  • Nakamoto Games is creating a gaming ecosystem with wide range of opportunities. $NAKA offers permission-less access, a broad selection of games, instant rewards, earning opportunities for developers and a gaming launchpad.
  • The first Nakamoto Games Beta Testers started to play Duck Hunter on the testnet. $NAKA is the fuel for all the games on the platform, players create sustainable demand for the native token. On top of that everybody can stake and farm $NAKA and govern the platform.
  • One currency to rule them all: Facebook’s Diem has global ambitions. There are two big questions on everyone’s lips now: What exactly is Facebook’s Diem, and what it will offer its potential 2 billion users?
  • Nakamoto Games on Cointelegraph. Nakamoto Games offers gamers worldwide the opportunity to participate in countless P2E games and generate a sustainable income. Join the Revolution now.

::Bitcoin::

  • Bitcoin’s market capitalization has once again eclipsed $1 trillion. At the time of publication, Bitcoin was trading at $54,708, putting the market cap at approximately $1.03 trillion.
  • SEC approves Volt Equity ETF providing exposure to Bitcoin-centric companies. Regulators have green-lighted a new exchange-traded fund that provides exposure to Bitcoin Industry Revolution Companies.
  • CME Bitcoin derivative traders had paper hands as BTC broke $55K. Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
  • Dell Founder Michael Dell is going to pass on Bitcoin. Michael Dell takes a hard pass on to Bitcoin but thinks that the whole blockchain idea has legs.
  • Google partners with Bitcoin and Crypto Marketplace Bakkt. Today Bakkt, a Bitcoin and crypto marketplace and custodian, announced a partnership with Google to extend the reach and usability of digital assets to meet rapidly evolving consumer demand.
  • BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022.
  • Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant. The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.

Read our previous blogs here.

Credit: Telegram VYSYN – Capital News

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Mansi Nashte
Articles: 61

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