The Salvadoran government announced that Bitcoin Beach, a beach in El Zonte, will receive more than $200 million in investments to improve its infrastructure.The funds are part of the second phase of the Surf City project, an area also known as El Tunco, another tourist center similar to El Zonte, a project that aims to attract strategic developments to the area with the aim of encouraging the growth of tourism in the region. .The beach is an iconic space today, due to its adoption of Bitcoin to build a circular economy in the area.The growing adoption of digital assets in…
Author: Ferret Weasels
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Mario Abdo Benítez, president of Paraguay, backed down the crypto project promoted by which it had already been approved by the senators and deputies.The Paraguayan president declared that crypto mining was a risk given the large amount of energy that this industry requires.Paraguayan legislators considered crypto mining as “a fundamental aspect of the economy” and as “a source of work to reduce unemployment in the country.”The growing popularity of cryptocurrencies forced countries around the world to think about regulations. Some have already made decisions, while others are still working on it. Paraguay was on the right track, but the president,…
OpenSea, announced the integration of the decentralized Ethereum scaling platform, Polygon, through Seaport and now the NFT market will accept MATIC as a payment option.OpenSea announced that the platform will support Polygon through Seaport with the goal of “improving everyone’s experience at OpenSea”.Seaport contributes to a significant reduction in gas costs by approximately 35% and they estimate that they are saving more than US$460 million per year.August 30th OpenSea, the largest non-fungible token (NFT) market by volume, ad the integration of the decentralized Ethereum scaling platform, polygonal, through Seaport.In May 2022, OpenSea announced the launch of a new Web3 marketplace…
The mining difficulty of Bitcoin presented an increase of 9.3%, being the largest increase since January and, in fact, it is positioned among the highest levels in the history of Bitcoin.The rise in Bitcoin mining difficulty suggests that more miners are joining the network, even despite the relatively poor performance of BTC over the past few months.Galaxy Digital notes that the hash rate and difficulty is likely due to miners starting to power up their machines as the heat wave subsides.This Wednesday there was a 9.3% increase in the mining difficulty of Bitcoin (BTC), being the largest increase since January…
Despite the boom in Play-To-Earn games, Xbox execs are currently more interested in the metaverse.One possible idea is for Microsoft to create its own metaverse and thus connect gamers from all over the world. Like the world of cryptocurrencies, the world of video game consoles has many variants and alternatives, but if two have to be singled out, as is the case with Bitcoin or Ethereum, there are PlayStation and Xbox. The second spoke about the world of digital assets and left some conclusions.According to the medium Bitcoinist, Xbox execs are currently more interested in the metaverse than Play-to-Earn (P2E)…
According to data from CoinShares, the trading volume among institutional investors for crypto funds fell by one billion dollars the week of August 14-19.The trading volume presented a decrease of 55 percent of the average trading volume of this 2022.This figure is the second lowest reported in this 2022.The world of digital assets has, like many other industries, high and low points. Also, some digital currencies tend to perform better while others not so much.Recently Coin Shares reported that trading volume among institutional investors for crypto funds saw a $1 billion drop in the week 22 of the year, that…
Facebook and Instagram users will now be able to display their digital collections and NFTs minted on the Flow blockchain or from wallets that support the Ethereum or Polygon blockchain on their profiles.At the moment this option will only be available for applications used on smartphones.There will be no fees associated with posting or sharing a digital collectible on Instagram.Meta has just announced that now its Facebook and Instagram users will be able to display with digital collections and NTFs minted in the Flow blockchain or from wallets that support the Ethereum or Polygon block chains in their accounts.“It is…
With the premiere of its season 0 of Axie Infinity Origin and Axie Infinity users expect the price of AXS to be favored.The arrival of the Axie Infinity Origin season favored the game token which reached $19.75 dollars, but then the setback would come with a floor of $13.Despite the fact that its token is rock bottom and the user base is much lower than expected, Axie Infinity continues to be one of the leaders in the gaming sector.The gaming craze seems to have disappeared for the time being in the crypto ecosystem. The winter brought with it a pronounced…
Wall Street Journal reporters Jean Eaglesham and Vicky Ge Huang published a story over the weekend warning of the murky nature of Tether reserves, the crypto firm behind USDT.USDT is the third cryptocurrency with the largest market capitalization and a failure in its parity would irreversibly affect the entire crypto ecosystem.A 0.3% drop in the value of its reserve assets could lead to “Tether being technically insolvent”, however Tether is currently solvent because its assets are greater than its liabilities, which are made up precisely of the USDT distributed in the market. .2022 has been a particularly difficult year for…