In this article, you will explore some fascinating cryptocurrency news. Have a glance at what's happening around cryptoverse and keep yourself updated. So, without any further ado, let's jump-start the post.
Latest Crypto News in Brief
The world's largest music streaming service, Spotify, plans to add NFTs and blockchain technology to its business. As per two recent job postings, the company is looking to hire a senior backend engineer and a senior manager to work on projects related to Web3. Earlier, Meta CEO Mark Zuckerberg also said that his firm plans to add NFTs to Instagram.
Indian startup Mingout, which provides dating and matchmaking services, recently hosted the world's first Metaverse date on Moon. Mingout shared a video of the date, wherein the couple's avatars can be seen wearing spacesuits. In the last year, they conducted over 1,000-plus dates on their app, with this being the first in Metaverse.
Meta CEO Mark Zuckerberg's sister Randi Zuckerberg has released a parody video of Adele's famous song "Hello," featuring lyrics about cryptocurrencies and DeFi (decentralized finance). "Community should be fun, crypto should be welcoming, not intimidating," she tweeted. Randi is the Founder of Hug, a platform that supports Web3 creators, and a member of crypto exchange Okcoin's advisory council.
Indian artist Raja Ravi Varma's two famed paintings, 'The Coquette' and 'Reclining Nair Lady,' have gone up for auction as NFTs for the first time. While the physical paintings are considered National Treasures that cannot be exported out of India, the auction was open to everyone globally. RtistiQ held the auction, which ended on February 20.
Grammy Awards organizer Recording Academy has announced that Binance, the company behind the world's largest crypto exchange, has become the "first crypto partner" of the music awards. That comes days before the awards ceremony, which will take place on Sunday in Las Vegas. Binance will sponsor the ceremony this year. The recording academy said that it would bring Web3 technology solutions to the Academy.
After touring India last week, the CEO of one of the largest crypto exchanges, Coinbase, said, "India is a magical place...I believe crypto has a big future here." CEO Brian Armstrong will meet students, crypto founders, Indian entrepreneurs and crypto evangelists this week in India. Coinbase seeks to hire over 1,000 people in its India hub in 2022, Armstrong said.
The People's Bank of China said it had expanded its digital yuan pilot program to 11 more cities, including Hangzhou, which will host the Asian Games in September. With this announcement, China's CBDC has become accessible in 23 cities. Notably, it started trials in Shenzhen in October 2020 and topped $11.24 billion in transactions by the end of 2021.
The UK government has announced that it intends to legislate to regulate some stablecoins when they are used as a means of payment. That will pave the way for the use of stablecoin as a recognized form of payment, it added. The government will introduce a "financial market infrastructure sandbox" and establish an engagement group to work closely with the industry.
The world's third-largest cryptocurrency exchange FTX is in talks to invest in Indian gaming firm Mobile Premier League, TechCrunch reported. As per the report, MPL is looking to push into Web3 gaming and planning to raise investment as an extension to its Series E round, at a valuation of $2.5 billion. In February, FTX launched a gaming unit.
Convenience store and gas station giant On The Run (OTR) will soon accept cryptocurrencies at its 170 outlets across South Australia. Customers will have payment options to pay for gas and food, including a Subway sandwich, in over 30 cryptocurrencies. Reportedly, OTR's parent company, the Peregrine Corporation, will also accept crypto at its Subway, Oporto and Smokemart stores.
The 30-year-old CEO Sam Bankman-Fried owns the third-largest crypto exchange FTX. There are reports that he lives like a college student. That said, he sleeps on a bean bag! Furthermore, he drives a Toyota Corolla. Sometimes he visits his ten roommates in an apartment when he gets free time from the office. Notably, Sam has a net worth of more than $20 billion. At present, he lives in the Bahamas.
American coffee chain Starbucks' CEO Howard Schultz has said that the company will enter the NFT business before the end of this year. Schultz said none of the companies and brands that are trying to create a digital NFT platform have "the treasure trove of assets that Starbucks has, (ranging) from collectibles to the entire heritage of the company."
Norway is producing as much as 0.77% of the global Bitcoin hash rate using 100% renewable energy, as revealed by Arcane Research. By way of comparison, Norway's population of 5 million contributes just 0.07% of the global population. As per the report's author, Northern Norway will see "huge growth for mining" due to "extremely cheap" and "100% renewable electricity".
An 8-year-old Spanish artist and his family have announced that three of his artworks have been recreated as NFTs and released on Upbit NFT. Leonardo Pastrana's NFTs are fully orchestrated versions of his creations with animated movements and sound effects by an eminent Korean sound director. "I wanted to play with the Jellydog that I painted!" said Leonardo.
Metaverse yacht company Cyber Yachts has announced the world's most expensive NFT, a 120-meter mega yacht named 'Indah,' priced at $400 million. As per the announcement, the NFT buyer will also receive a real-world, fully-constructed yacht based on the same design. 'Indah,' which accommodates a total of 24 guests, can be purchased in Ethereum, Bitcoin and Bitcoin Latinum.
The UK's Chancellor of the Exchequer, Rishi Sunak, has commissioned the Royal Mint to create an NFT, which will be issued by summer. The government declared a slew of measures with the aim "to make the UK a global crypto-asset technology hub." The Royal Mint is a government-owned company that is responsible for minting coins for the UK.
As per Forbes, currently, there are record 19 billionaires who made their money from cryptocurrency and blockchain technology. This is seven more than the number of crypto billionaires in 2021. The richest crypto billionaire is Binance CEO and Founder Changpeng Zhao, whose net worth is $65 billion. Zhao is followed by Sam Bankman-Fried ($24 billion) and Brian Armstrong ($6.6 billion).
Virtual currency exchange Bitcoin of America confirmed that it had added support for cryptocurrency Shiba Inu on its Bitcoin ATM machines (BTMs). The exchange has over 1,800 BTMs across 31 American states. The BTMs already support Bitcoin, Ethereum, Litecoin, and Dogecoin. The machines let customers buy crypto right after dispensing cash with their debit card.
The Coca-Cola Company on Monday launched a limited-edition drink named 'Byte' that, as per the company, will taste like pixels. The firm said 'Byte' is "the first-ever Coca-Cola flavor born in the metaverse," and it "makes the intangible taste of the pixel tangible." The drink, which made its debut on the Fortnite video game, will be available in the US next month.
Crypto firm XBTO is set to fund its first bitcoin-backed mortgage in Miami, US, Blockworks reported. Borrowers would be able to tap financing worth up to 90% of their mortgage with a 10% Bitcoin downpayment on a 15 or 30-year mortgage, the report said. XBTO's initial offering will be limited to Florida, with mortgages valued at over $1 million.