BITCOIN IS ALL SET TO BECOME LEGAL PAYMENT IN BRAZIL

October 8, 2021

TL:DR

Good Morning and Happy Friday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

Here is the top crypto-news from the past week.

MARKETS

▲ Bitcoin

$53,950.48

+83.67%

▲ Ethereum

$3,610.67

+393.88%

▲ Cardano

$2.29

+1209.29%

▲ Solana

$156.73

+8379.13%

▲ Binance

$441.59

+1067.16%

*Cryptocurrency data as of Thursday at 2:00 PM PST. YTD% Average

Weekly Review

Last week’s market performance

We’re up! Yes, literally! Bitcoin finally breaks the silence after quite a while and seems to be stable at $54,000. In the past seven days, Bitcoin has had a 30.6% rise in its value, followed by a 25.4% increase in Ethereum’s value. Guess who’s also making it to the headlines? It’s none other than Shiba Inu as its value has increased to a whopping 376.1% in JUST a week, thus making its current value to be 0.00003340 – that’s a lot of zeros to beat, but we’re coming in Hard!!

World Policy

Mexican Stock Exchange is considering to list crypto, says CEO

Mexico, a country famous for its tacos, tortilla, and tequila, eyes towards cryptocurrencies. Its stock exchange, known as Mexican Stock Exchange (BMV), is looking towards listing crypto futures on its derivatives exchange, as stated by the CEO Jose Oriol Bosch. In an interview, CEO Bosch said we are currently in negotiations with the country’s financial authorities. If everything goes according to the plan, BMV will list cryptocurrencies in the future.

TRIVIA

This WWE wrestler and actor called his NFT project a “catastrophic failure” after barely being able to sell 8% of the total collection.

A. The Rock B. Randy Orton
C. John Cena D. The Great Khali

Answer Below.

World Policy

DOJ is all set to launch a crypto-fighting team to curb money laundering

It looks like the US is about to keep a strong eye on cryptocurrencies as recently the Department of Justice (DOJ) has stated it is all set to launch a crypto-fighting unit, much similar to the ones that fight money laundering or drugs. The unit’s name will be National Cryptocurrency Enforcement Team or NCET and will ensure money laundering and crypto fraud-related issues are tackled.

Finance

AMC Theaters starts accepting cryptocurrency payments for E-Gift cards

The wait is finally over for the AMC fans!! As we reported in our previous newsletters about AMC’s upcoming initiative with BitPay, which will allow fans and customers to purchase offered services through cryptocurrencies, mainly Litecoin, Bitcoin, Ethereum, Bitcoin Cash, and Dogecoin – that day is here as users are now able to make purchases of up to $200 per day.

Technology

India’s biggest crypto exchange valued at $1.9 Billion in latest deal

CoinSwitch Kubar, India’s largest crypto exchange, has reached funding by Andreessen Horowitz and Coinbase Ventures. From a $260 million startup to now at a valuation of $1.9 billion. The startup based in Bangalore has more than 10 million users, with expected growth in the coming years as more and more Indians are interested in cryptocurrencies. CoinSwitch aims to use this capital to grow its user base at about 50 million, which of course, will make it amongst the top crypto exchanges in the world.

Coin Market Calendar

Date	Project	Website
10/08	DecentraWeb	$DWEB
10/11	Ore Network	$ORE
10/13	Strips Finance	$STRP
10/13	Derived	$DVD
10/13	Revault	$REVA
10/13	Gods Unchained	$GODS
10/14	Biconomy	$BICO
10/14	DeFi Land	$DFL
10/16	Nyan Heroes	$NYN
10/16	Acura Network	$ACURA
10/18	Demole.io	$DMLG
10/20	WonderHero	$WND
10/26	Chimeras	$CHIM

Connect to our shareable calendar here.

Finance

Bitcoin is all set to become legal payment in Brazil

Happen to live in Brazil and love Bitcoin? Well, this might be great news for you as the country’s Federal Deputy has revealed soon, Brazilians will be able to purchase homes, cars, and even McDonald’s with the help of Bitcoin, and the people within Brazil are excited. The news came after when bill 2.303/15 was approved unanimously to regulate virtual currencies in the country.

NFT News

Dolce & Gabbana set a $6 Million record sale for Fashion NFTs

Dolce & Gabbana, a world-renowned luxury fashion brand, is all eyes and gears for NFTs. Offering NFTs of different products, D&G also offered invitations to their NFT buyers for the future Alta Moda events in each sale. The highest price of NFT sold included D&G’s the doge crown, a headdress featuring 142 diamonds that alone went for $1.25 million. In the total sales, D&G has been able to sell $6 million worth of NFTs.

Featured Project

night life crypto – The Pioneer of Defi gamin

This week’s featured project is Night Life Crypto, a DeFi gaming designed for users to get paid for staking liquidity and play games. The goal is to produce AAA-type arcade games that allow users to get different achievements, thus winning NFT awards. The entire system ensures Night Life Crypto to become an autonomous platform.

In its Q3 expansion phase, the project has launched the following:

Trading card game’s testing
Desktop game launcher’s initial release
Fiat onramp release
A bridge to Ethereum and additional platforms

TRIVIA ANSWER

C. John Cena

When in doubt Pick C. Am I right? Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling Entertainment, or WWE, nonfungible tokens (NFTs) that he made available last month.

Speaking at Florida Supercon 2021 on Sept. 12, Cena said it was a mistake to market his WWE NFTs as part of a package with physical collectibles — a hat, shirt, wristbands, belt, towel, autographed picture, and the digital collectible. The organization offered 500 gold tier packages with the NFT for $1,000, but only a fraction of them sold.