A week with very important events in the crypto ecosystem. In the highlight of the week: “The relevance of Bitcoin, according to Mike Novogratz.”
Now, did you miss the news about this world? We present you the highlights in this crypto roundup. For example:
- The relevance of Bitcoin, according to Mike Novogratz.
- A solar Bitcoin mining facility will be built.
- Bitcoin has its Declaration of Independence.
- US regulator asks banks to report on any crypto activity.
- Robinhood plans to integrate Bitcoin’s Lightning Network.
- Epic Games and LEGO are preparing to create a Metaverse focused on children.
The relevance of Bitcoin, according to Mike Novogratz
So, the CEO of Galaxy Digital issued a series of opinions at the Bitcoin 2022 conference. Related to the way countries currently view Bitcoin.
By the way, he believes that the returns that these types of assets have shown continue to attract the attention of more users to the digital community. Novogratz estimates that more than 150 million individuals in the world already exchange their Bitcoin holdings with each other.
«It’s the best brand ever created, a billion dollar brand».
In addition, he spoke about the relevance of Bitcoin in terms of its expansion among the community. He mentioned that users are joining the wave of cryptocurrencies, while experts are sharing knowledge about how it works. Since, this informative structure presents the benefits that end up attracting more investors to the crypto market.
«Look at the trend today, double the size of last year».
A solar mining facility will be built
Blockstream and Block Inc. they will build a solar Bitcoin mining facility with Tesla technology. In particular, the site will use a combination of solar panels and energy conservation in batteries taken from excess daylight to boost Bitcoin mining.
As a curious fact, in addition to its physical construction, the Blockstream and Block teams will create a public access control panel to report on the economics of the project.
Bitcoin has its Declaration of Independence
Now, Bitcoin now has its “Declaration of Monetary Independence” and bitcoiners can sign it. Specifically, in a gigantic one that is in the Miami Beach Convention Center.
After all, this Statement is an initiative of Mark Maraia, Mike Hobart and Ulric Pattillo, contributors to Bitcoin Magazine. It consists of a Preamble, 27 statements about the current monetary situation and 29 distinctive properties of Bitcoin. «While many people believe that money has always been exclusively a creation of the government, this is not true. There have been many periods throughout history when governments were not the custodians of the money supply».
US regulator asks banks to report on any crypto activity
The U.S. Federal Deposit Insurance Corporation (FDIC) has requested that banks under its jurisdiction notify it of any crypto-related activity they engage in.
Indeed, the US regulator requested that the banks provide any information that would allow the agency to assess the security and soundness, consumer protection and financial stability implications of such activities. In addition, to provide details about the planned activity.
Robinhood plans to integrate Bitcoin’s Lightning Network
Precisely, during the Bitcoin 2022 conference, Aparna Chennapragada, Robinhood’s product director, revealed that the company has implemented cryptocurrency wallets. And it is making plans to add Bitcoin Lightning Network to its platform.
By the way, the crypto wallet will be available to 2 million eligible users who were within the Whitelist, allowing them to make transactions between digital assets. However, customers located in Nevada, New York and Hawaii will be left off the list.
Epic Games and LEGO are preparing to create a Metaverse focused on children
Epic Games made a publication on its official website, where they describe the new alliance they will have with LEGO “Create a Metaverse for children”. Both companies decided that they must ensure that their new virtual space is developed in 3 principles:
- Protecting children’s privacy by putting their best interests first.
- Protect children’s right to play. Making the safety and well-being of them the priority.
- Empowering children and adults with tools that offer them extensive control over their digital experience.
By way of closing, so that you don’t miss any details about what is happening in the world, check out these and other crypto news, through our main page.
I leave with this quote from Roger Ver: “Bitcoin is the most important invention in the history of the world since the Internet».
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