TOP 15 Weekly Crypto News

All the most important crypto news of the week was presented on Techbullion.com and XEROF would like to share 15 short crypto news items with you. 

1. Twitter Blue Launches NFT Profile Pictures

Twitter Blue– the social media platform’s monthly subscription that provides users access to exclusive premium features and app customizations, has confirmed the launch of NFT profile pictures on iOS devices. The new feature will now allow users to connect their cryptocurrency wallets and display their NFTs as profile pictures. So, other app users will then be able to tap on the NFT profile picture to find out more about the project and view all relevant metadata.

2. Samsung Incorporates Blockchain to Address Climate Change

The tech giants started the initiative to encourage the planting of trees in Madagascar. The project will be tracked using distributed ledger technology. Samsung’s environmental-based action plan focuses on sustainability. Aiming to reduce the amount of carbon dioxide (CO2) from the atmosphere.

3. Blockbuster Plans a Crypto and NFT Revival

Blockbuster has filed a trademark application with the U.S. Patent and Trademark Office to issue a digital token. It become a part of the NFT marketplace and Metaverse world. As a result, the move could become a matter of concern for companies such as Netflix Inc.

4. Bitcoin Contributions Fund $1.4M Solar Installation in Zimbabwe

The Nhimbe Fresh project, located in Zimbabwe, has funds totally to an estimated $1.4 million worth of solar cells. Over 1,905 individuals across 98 countries contributed to purchasing these cells, with the majority of transactions being in bitcoin.

5. Bitcoin and Ether Drop to 6-Month Low Due to Market Crash

The prices of Bitcoin and Ether have dropped to their lowest points since July last year– having lost almost half their value since achieving record-breaking highs at the end of 2021.

The Federal Reserve is credited to have triggered the crypto sell-off when it specified that it might contest inflation. This happens because of moving quicker to eradicate pandemic-era stimulus as well as the rising interest rate. The market has been in a decline since it reached highs of over $3 trillion in November last year, and since then, more than $1 trillion has been lost in the weeks since.

6. Premier League Clubs Looking to Launch NFTs

All 20 clubs in the Premier League are discussing the possibility of launching NFTs, according to claims by the chief executive of a sports crypto consultancy. So, Tim Mangnall, the CEO of Capital Block, is currently providing advice to leading clubs on how they can move forward with the launch of NFTs for their fans.

7. South Africa Looks to Regulate Cryptocurrency

Formal guidelines are expected to be introduced by the end of 2022. said Marius Reitz, general manager of Luno for Africa, said, “Globally, we have seen moves to regulate crypto, and we anticipate the introduction of a clear South African regulatory regime likely by the end of 2022. Regulatory certainty will have a host of positive spin-offs for the crypto sector,”

8. Kim Kardashian and Floyd Mayweather Sued Over Alleged Crypto Scam

Moreover, Kim Kardashian and Floyd Mayweather are accused of artificially inflating the price of the EthereumMax digital token. Reports say that the celebrities made “false or misleading statements” about the token in paid social media posts. As a result, the currency had lost 97% of its value, with investors labeling it as a “pump and dump” scheme.

9. Elon Musk and McDonald’s Engage in Twitter Conversation Over Crypto Payments

Elon Musk tweeted, “I will eat a happy meal on tv if @McDonalds accepts Dogecoin.” The food chain responded, stating that it would only do so if Tesla also accepted “Grimacecoin”– a then-non-existent currency. However, since the tweet, multiple cryptocurrencies began trading under the name Grimacecoin– on various blockchains.

10. Powerledger Presents at the GBBC’s Central Davos

Co-Founder and Chairman Powerledger, Dr. Jemma Green, presented at the panel discussion on “The Future of Tech-Enabled Sustainability,” – focusing her talk on the ability of blockchain to provide effective solutions for the transition of clean energy. Dr. Green mentioned that feed-in tariffs as an incentive for renewable energy caused the enormous uptake of renewables.

11. The Sandbox Launches Metaverse Accelerator of $50M

Ethereum-based crypto game The Sandbox has committed to investing $50 million in up to 100 startups. This is to build towards an interoperable, open metaverse. In the next three years, the program will expand across the wider crypto ecosystem– working with around 30 to 40 startups per annum.

12. Facebook’s Cryptocurrency Venture to Impact Tech Assets

Meta Platforms Inc’s digital currency venture is reportedly currently in the process of selling its technology to Silvergate Capital Corp for an estimated $200 million. The move comes after Facebook’s financial technology executive David Marcus, left the company.

13. Tesla Bitcoin Holdings Unchanged in Fourth Quarter

The value of Tesla’s Bitcoin holdings remained unchanged from the end of the company’s previous quarter at $1.26 billion. Tesla had not purchased or sold any Bitcoin in the quarter. In Q3, the company reported a $51 million impairment–reflecting the decline in the price of the cryptocurrency.

14. Lamborghini’s NFT Scheme to Include Real-World Space Treasures

The supercar company is aiming to join the digital and physical world for its crypto offering- partnering with NFT PRO and R.M. Sotheby’s to auction off five pairs of linked digital and physical art on the automaker’s NFT site. These physical objects should hold value due to having gone into space– as part of the human space exploration theme.

15. Energy Web Token is Down over the Past Month

Along with Bitcoin and Ether, Energy Web Token has seen a decline in token value over the past month. Overall, the Bitcoin price has been trading in an unfavorable zone—below the USD 38,000 level. If BTC remains under USD 36,500 and USD 38,000, the chance of further losses is great.

Final Thoughts

With the world now focusing more on digital formats, it is safe to assume that cryptocurrency may be the financial future of the globe. With the likes of Elon Musk and the President of Russia having strong opinions on the digital currency– to Cenfura using blockchain to make a difference in the world—it seems as if crypto growth will continue.

Source: Techbullion.com