China pilots nationwide blockchain development over real-world use cases
The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities.
Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance.
Whale accumulated 13.8 million DOGE
According to Dogechain, an investor bought 13.8 million DOGE. Specifically, 13,876,440 DOGE ($1,984,345 USD) was transferred from multiple wallets to an unknown wallet.
Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion
Visa recently released its stellar quarterly results. With that, it is also the first quarter after the financial services company amped up its crypto offerings.
In its recent earnings call, Visa noted that its customers made $2.5 billion in payments with crypto-linked cards in its fiscal first quarter of 2022, reported CNBC.
State Senator introduces bill to make Bitcoin legal tender in Arizona
Arizona Sixth Legislative District Representative Wendy Rogers has introduced a flurry of crypto-related bills in the past few weeks, including one that would add BTC to the state’s list of things defined as legal tender.
Rogers also introduced a bill that would allow the government in Arizona, to pay employees in virtual currency if they request it.
9 billion SHIB acquired by whales as price goes up
Etherscan shows that in the past few hours, three crypto wallets have seen an inflow of SHIB totaling more than 9 billion tokens, which could signify a massive purchase.
SHIB, the 15th-ranked crypto asset by market cap, is up 3.22% in the last 24h and is trading at $0.000022 with a trading volume of $556 million.
Whales accumulated 5.5 million USD MATIC
According to WhaleStats, several of the largest Ethereum whales with the one ranked 4 among them, have acquired 4 million MATIC, totaling $5,529,716 in fiat.
Ripple’s XRP sales ballooned to $717 million in Q4
Ripple’s XRP sales have recorded a 46% quarter-quarter increase, according to the company’s recently published Q4 report. Overall, Ripple sold a total of $717 million in Q4 compared to $491.74 million in Q3.
Warner Music Group launches ‘Concert Theme Park’ in Sandbox metaverse
Warner Music Group (WMG) is entering the metaverse with a music-focused theme park in The Sandbox.
The virtual theme park will feature “concerts and musical experiences” from the music company’s star-studded roster of artists, which includes the likes of Ed Sheeran, Bruno Mars, Dua Lipa and Cardi B, according to a press release.
Highlights of the week
Wyre announced an integration with $XLM
$AXS has officially launched the RON token
$LTC announced a new partnership with Hedge
First decentralized exchange on $ICP launches
$XTZ and XP.network announced a new partnership
$SHIB now accepted by New York-based jewelry collection
First decentralized exchange on Dfinity’s Internet Computer launches
The Dfinity Foundation has announced the launch of Sonic, the first decentralized exchange (DEX) to go live on the network.
On Jan. 23, the Foundation stated that Sonic v1 has launched on mainnet where users can swap tokens and earn liquidity provider rewards.