DeFi
Adoption
Elon Musk says ‘You can now buy a Tesla with Bitcoin’
The Tesla CEO said individuals can buy the electric cars via Bitcoin in a tweet today.
CBDCs
China says ‘fully anonymous’ digital yuan is ‘not feasible’
The country has been the forerunner of state-backed digital currencies and is looking to launch the digital yuan before the 2022 Winter Olympics.
Adoption
Crypto exchange FTX bags Miami Heat stadium rights for $135 million
FTX will retain the naming rights until 2040 in the first-such move for any crypto business.
NFTs
Tron founder Justin Sun just paid $6 million for a Beeple NFT
The press-loving founder of Tron purchased an NFT titled ‘Ocean Front,’ the proceeds of which shall be donated towards climate change efforts.
Analysis
$1.6 billion liquidated after Bitcoin briefly falls under $54,000
The asset fell over $3,000 overnight as crypto markets saw a huge sell-off. And it’s down by -10% of its all-time high.
NFTs
NFT project mints 10,000 ‘digital pizzas’ in throwback to Bitcoin
Pizzas were the first real-world item (on record) to be bought with Bitcoin. And one NFT project wants to pay homage to that.
Analysis
One of China’s biggest miners expects Bitcoin bull run to end in 2022
The mining industry is a very influential—even understated—element of the Bitcoin space. And one miner has a prediction to make.
Trading
Markets wrap: Bitcoin, Ethereum see resistance while VeChain (VET) sets ATH
Large-cap cryptocurrencies saw a choppy weekend like some 2017 altcoins like VeChain recorded big gains for holders.
Investments
Coinbase delays its $68 billion public listing to April
The US exchange is one of the first crypto businesses to be offered to the public in the country. But plans are getting pushed back.
Wallets
Litecoin (LTC) ‘daily’ addresses have grown 6x since 2020
The ‘digital silver’ has seen a big uptick in active addresses alongside other large-cap cryptocurrencies.
Legal
US courts deny ‘XRP holders’ from intervening in Ripple v SEC case
The Ripple v SEC case has one group caught in limbo...the XRP holders themselves. But who cares about the public anyway?
CBDCs
U.S. Federal Reserve says digital currencies can ‘coexist’ with cash
The head of the central banking authority said CBDCs can be allowed to exist as long as they are regulated and function alongside fiat currencies.