Daily news update: February 11th, 2022

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Crypto market update

Earlier this week, Bitcoin spiked to above $45,000 for the first time since early January however, the spike was short lived and Bitcoin retraced shortyl afterwards back below $43,000. As it typically happens when enhanced volatility reaches BTC, the altcoins experience even more substantial losses. Subsequently the cumulative market capitalization of all digital assets dropped by approximately $100 billion in a day.

Bitcoin (BTC) is now trading at 43,488 USD down by 3% in 24h

Ethereum (ETH) is now for 3,104 USD down by 5% in 24h

PlatonCoin (PLTC) is now for 0,498 USD down by 11% in 24h

Total marketcap is currently at 2.06 trillion USD down by 4% in 24h

(all data from Coingecko.com)

Daily news update

Bitcoin and Freedom convoys: Over 5,000 contributors have raised money for the Canadian truckers protesting COVID-19 restrictions via Bitcoin (BTC) following GoFundMe’s decision not to distribute the remaining $9 million to the Freedom Convoy 2022 campaign.

Amazon forrest and NFTs: A Brazilian company has bought tracts of land in the Amazon and is reselling the ownership of them as NFTs. This week, the tokens were placed on the OpenSea platform for a pre-sale round. They sold out in less than 1 hour.

McDonalds and NFT burgers: McDonald’s is headed to the metaverse. The company has filed 10 trademark applications indicating it plans to offer “a virtual restaurant featuring actual and virtual goods and operating a virtual restaurant featuring home delivery.

Manga and NFTs: Otaku Klub NFT, the world’s first-ever Japanese anime NFT project featuring a crypto-game and “mangaverse” intended for Otaku and all NFT collectors, is launching in the second quarter of 2022.

EU and digital euro: The European Union announced on Feb 9 that it will propose a digital euro bill in 2023. The European Commission said that the bill will be the legal foundation for the digital fiat currency that the European Central Bank has long been mulling over. The investigation phase of the digital euro was first announced in July 2021, which was then revealed to last up to 24 months.

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