The world moves and changes every day, and so does the crypto space. Let’s check out the latest news throughout the space with Altcoin Daily, a well-known Youtube Channel, has up-to-date news about cryptocurrency.
Tesla Accepting Dogecoin
The top story of the day is Tesla begins accepting Dogecoin on its online store, displaying pricing of several merchandise items directly in Doge. Items on Tesla’s website listed in the “lifestyle” section such as Giga Texas, Belt Buckle, Cyberquad for kids, and the Cyberwhistle are priced in Dogecoin.
Earlier last month, Tesla CEO, Elon Musk, said that the company will make some merch buyable with DOGE and see how it goes. Notably, vehicles continue to be priced in dollars along with other items on the Tesla website.
5 of the world’s most visited finance websites are crypto Blue Chips
Coinmarketcap at number two. Binance number six, CoinGecko at nine, Coinbase at 15, and a takes the 17th. 5 over 20 of the world’s most visited finance websites last month are the Blue Chip companies.
World’s most visited finance websites last month:
2nd – @coinmarketcap
6th – @binance
9th – @coingecko
15th – @coinbase
17th – @opensea pic.twitter.com/hguRsdvsf9— Blockworks (@Blockworks_) January 12, 2022
Countries & Central Banks will buy Bitcoin
Fidelity’s latest 2021 trend report announced almost 5 trillion in assets under management.
There is a very high stakes game theory at play here whereby if Bitcoin adoption increases. The countries that secure some Bitcoin today will be better off competitively than their “peers”.
Therefore, even if other countries do not believe in the investment thesis or adoption of Bitcoin, they will be forced to acquire some as a form of insurance. A small cost can be paid today as a hedge compared to potentially much larger cost years in the future.
We wouldn’t be surprised to see other sovereign nation-states acquire Bitcoin in 2022 and perhaps even see a Central Bank make an acquisition.
Bitcoin Miners Strong Accumulation!
Miners are not selling they’re accumulating. This is a huge bull signal. Bitcoin miners show strong accumulation as their inventories spike up. People are buying the Bitcoin dip. Cryptocurrency has entered another paradigm, Ethereum, Polygon holders pay attention to this big news.
Polygon’s EIP-1559 Upgrade Is Scheduled
Polygon’s much-awaited EIP 1559 upgrade is scheduled to launch on mainnet next week. Polygons native tokenmatic is scheduled to launch on the mainnet on the 18th of January 2022. The upcoming upgrade is expected to have a wide effect on the Polygon community which includes developers, huddlers, validators, and delegators.
This should be great for the price and great for the network and great for the people on the network.
80% of new investments are in crypto
Shark Tank, Mark Cuban, says that 80% of his new investments are in crypto. Cryptocurrency is hard to understand and it’s a hassle but 10 years from now.
These applications created its own economy and just like the internet days, it’ll be the younger generation that figures it out first and is innovative.
Near Protocol raises $150M to promote Web3 adoption
Near Protocol (NEAR) raises 150 million to promote web 3 adoptions. Ethereum competitor Near Protocol raised funds for web3 adoption with three-era capital and Adreson Horowitz is supporting the proof of stake blockchain.
FTX Launches $2B Venture Fund
FTX launches a $2 billion venture fund so that’s two billion dollars for building, adoption, media marketing, and so on for FTX.
NFTs & Crypto Gaming are gaining momentum
Crypto space NFT sales and blockchain games continue to grow despite the recent market slump. That has affected the entire cryptocurrency market. NFT sales and blockchain games will continue to grow.
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