Cryptocurrency news for the week #11

Cryptocurrency news for the week #11

In today's article, we will cover this week's news and highlights in cryptocurrencies and NFTS. A lot of news has come out this week showing lots of adoption is happening as we speak. Much of this week adoptions is from big brands and companies and even governments and big financial institutions. So make sure you read the full article to understand what's happening in the market and around the world. We will be covering multiple topics so I hope you enjoy it and make sure to share with others to help spread the word and news. Without furthermore let's get directly into the article.  

Crypto news happening in the U.S

California’s Stanford University has launched its first class taught fully with virtual reality. The ‘Virtual People’ course is among the first and largest courses to be taught almost entirely in virtual reality with several hundred students in the summer and fall courses. These students participate in the all-remote class via a VR headset. New Jersey community bank to let clients to buy, sell and hold Bitcoin now through the bank. City employees of the City of Jackson, Tennessee are the first in the Nation to have the option to receive their wages in Bitcoin.

International and global news

SEBA Bank is launching a digital token that allows investors to take ownership of physical gold stored in Swiss vaults all through the Ethereum blockchain. The Swiss bank’s new product exists as an ERC-20 token, meaning it’s custodied and traded on the world’s second largest blockchain. Guido Buehler, SEBA Bank’s chief executive, described the new gold token as a “landmark development” for the precious metals industry not because it’s the first such product on the market, but because of SEBA Bank’s track record for institutional-grade regulatory compliance. The Chinese metaverse expansion is taking over the country’s market despite recent warnings from the authorities. On Monday, China’s leading internet company, Baidu noted that it had registered its metaverse trademark in preparation for metaverse adoption despite all of the recent crypto bans in china. With the recent dip happening El Salvador took advantage of it and bought 21 more bitcoins.  

Companies adopting cryptos

The platform will serve as a primary marketplace for players to buy non-fungible tokens directly from game companies to use in-game, as well as a secondary marketplace for peer-to-peer trading. “People have always been able to make real money playing video games,” Kan told CoinDesk in an interview. “What we’re seeing with Web 3 gaming, it feels like a natural development towards ownership gamers have always wanted.” The company already has a number of gaming partnerships in place to be announced in the coming week, according to a press release. Kan has been an active investor in Web 3 gaming in recent months, leading an $8 million dollar funding round for Solana-based mafia game “Syn City” in November.  

It's been reportedly reported that Apple recently has developed a new headset know as the apple headset device, which is expected to offer both AR and VR functionality with applications for gaming, media, and communication. Its reported it could be in customers hands sooner then later, according to recent reports. While an exact date is unknown, the rough timeframe is becoming increasingly clear with Apple analyst Ming-Chi Kuo recently saying the headset is on track for launch in the 4th quarter of 2022. The device’s exact price point is yet unclear, but some reports indicate that it could cost customers around $3000 to purchase it. This is showing that more and more big tech companies are trying to stay ahead of the future and with apple being one of the biggest consumer electronics companies out there and with the metaverse coming fast this was only expected to come sometime soon as Samsung already has a VR product of there own.   

Instagram CEO Adam Moserri recently revealed on Instagram live that the platform is actively looking for ways to integrate NFT’s within the app. This is some of the biggest adoption news to come from any social media platform besides for Meta formally know as Facebook who also own Instagram. Adidas' first NFT effort appears to have been a huge success. The collaboration with Bored Ape Yacht Club, Gmoney and Adidas has raked in more than $23 million in Ethereum between a $15.5 million "Early Access" phase not release to the public and $7.5 million in a general sale for the public. All told, the drop minted nearly 30,000 NFTs despite a hiccup that led Adidas to pause early transactions.  Ubisoft CEO Yves Guillemot held a video Q&A this week to try and reassure developers about the company’s new push behind NFTs. The meeting came after the official reveal of Ubisoft’s new blockchain-based technology called Quartz was widely mocked online. Although Guillemot didn’t talk much about what new gameplay NFTs make possible, he did make one thing very clear: Ghost Recon’s NFTs are just the beginning. Ubisoft currently has many more plans, and much broader ones, for pushing blockchain technology into its other games in the future. Showing that mainstream gaming is now even becoming more crypto and NFT involved. 

Cryptocurrency/ NFT news and updates

Bored Apes beat CryptoPunks yesterday (Today being 12/23/21) to become the most valuable NFT profile picture collection. People in the space have given their thoughts as to why this has happened, ranging from some in the community believing that Bored Apes owners have IP rights was the game changer. As well as how strong and close the NFT community is compared to CryptoPunks. Payments processor Flexa network has added support for ADA, the Cardano blockchain’s native cryptocurrency, bringing it to the network’s ever-growing roster of available payment options. “At last, the native asset of Cardano is live on Flexa. Now you can spend your $ADA instantly at over 40,000 locations across the US!” Flexa had tweeted over the past weekend. Visa another financial and payment processor company has stated recently that they will keep on adding to it's cryptocurrency adoption and doesn't plan on stopping anytime soon.  

   

My Final Words     

If you enjoyed the blog leave a like and share it on social media. Leave me some feedback with your comments to let me know how I did. Let me know what you liked and what you didn't so I can improve the blog. All your likes and comments are deeply appreciated. They motivate me to write more and better blogs and help me expand and help spread the word. Make sure to follow the blog to stay up to date. You can also follow the blog's Instagram where I post daily content as well as letting people know when my new blog post drops and I also give out my crypto trades on there. Then there's also my website where you can put in a submission form to let me know what topics you want me to cover along with other things such as referral codes and affiliate links. Thanks for reading hope you enjoyed it. 

Follow The Blogs Instagram

Link To My Website