Results of the week: Tesla began accepting payments in bitcoin, and Jack Dorsey sold NFT-tweet for $ 2.91 million

Tesla added the option to buy electric cars with Bitcoin, Twitter founder sold his first tweet in the form of NFT, Microsoft introduced a solution for identifying the first cryptocurrency on the blockchain and other events of the week.

Bitcoin has shown volatility. Altcoins were among the leaders of the week.

At the beginning of the week, the quotes of the first cryptocurrency rose above the $ 58,000 level, but failed to gain a foothold there.

BTC / USD hourly chart on Bitstamp. Data: TradingView.

In the ensuing fall, the price tested the $ 50,000 mark, but stayed above it.

By the end of the working week, the rate has recovered, at the time of writing, bitcoin is trading in a “flat” around the level of $ 56,000.

Over the past 7 days, of the leading cryptocurrencies, the growth of more than 50% was demonstrated by the coins of the Filecoin and Theta Network projects. The first reached a new all-time high in quotes on Saturday, March 27, at around $ 140. The second set its price record on March 24 at $ 14.87 (according to CoinGecko). The asset climbed to the top 10 in terms of market capitalization, displacing Chainlink.

Data: CoinGecko.

The altcoins Solana and Kusama, included in the top 30 of the list, have risen in price by 30% and 23%, respectively.

Cryptocurrency market capitalization fell to around $ 1.78 trillion, bitcoin dominance index fell to 58.3%. 

Tesla adds Bitcoin option to buy electric cars

On Monday, March 24, Tesla CEO Elon Musk announced that the company began selling electric vehicles for Bitcoin .

So far, the opportunity is available only to residents of the United States, but by the end of the year it will also appear among buyers from other countries, Musk said.

The firm does not intend to convert the received cryptocurrency into fiat.

Aksakov proposed to amend the law on digital assets

Anatoly Aksakov, head of the RF State Duma Committee on the Financial Market, proposed amendments to the law “On digital financial assets”. He announced this at the FinNext 2021 forum.

Aksakov believes that it is necessary to clarify the concept of digital currencies prescribed in the law in connection with the possible issue of a digital ruble by the Bank of Russia:

“After all, the digital currency of the Central Bank is also a digital currency, and it is necessary to make sure that one definition refers to cryptocurrencies, and the other refers to digital currencies supported by fiat money,” he stressed.

Microsoft launched a decentralized identification system on the bitcoin blockchain

Microsoft has launched ION’s decentralized identity identification (DID) solution on the open source bitcoin blockchain.

The technology will allow users to identify themselves in order to gain access to certain information. ION-managed identifiers are decentralized; if the account is deleted, access to the services linked to the account will remain.

Pavel Durov announced the attraction of $ 1 billion by the Telegram messenger

The founder of Telegram, Pavel Durov, confirmed that the messenger raised over $ 1 billion through the sale of convertible bonds.

Half of the issue was bought by global investment funds, including Mubadala Investment Company and Abu Dhabi Catalyst Partners from the UAE. 

The remaining 50% of the messenger was placed with European and Russian funds and banks.

Jack Dorsey sells NFT tweet for $ 2.91 million

Twitter founder Jack Dorsey sold his first tweet in the form of a non-fungible token (NFT) for $ 2.91 million.

According to the auction data on the Valuables Ethereum platform, the lot was bought by the founder of Bridge Oracle, Sina Estavi.

Other notable developments in the booming sector include:

  • Beeple, which sold NFT for almost $ 70 million, called the segment a bubble and rushed to convert its revenue into fiat . The artist also sold another NFT painting for $ 6 million.
  • TIME magazine put up three of its own provocative NFT covers for sale. Lots were sold for 241 ETH ($ 385,000).
  • The work of Sophia’s robot in the form of NFT was bought for almost $ 700,000 .
  • New York Times journalist Kevin Roose put up a column for sale on non-fungible tokens (NFT) in the form of NFT. As a result, the lot was purchased for 350 ETH (more than $ 560,000).
  • Vitalik Buterin saw the potential of NFT to become a public good.
  • In Russia, comedian Mikhail Shats announced the sale of jokes in the form of NFTs , and the Hermitage announced an art exhibition of digital works.

Uniswap announced the launch date of the third version of the protocol

The launch of the third version of the leading non-custodial exchange Uniswap will take place on May 5 .

The developers have promised to implement a number of new features for liquidity providers and end users, as well as launch a second level Optimism solution to scale and reduce transaction costs associated with the limitations of the Ethereum network.

Billionaire Ray Dalio admitted the possibility of a ban on bitcoin in the United States

Bridgewater Associates founder Ray Dalio said there is a high likelihood that the first cryptocurrency will be banned in the United States. The billionaire drew an analogy with the government’s decision to confiscate gold from the population during the Great Depression.

Cardano founder Charles Hoskinson vehemently rejected this possibility .

“This ship sailed. Bitcoin is not banned, ”he said.

The profitability of shares of mining companies outpaced bitcoin five times

Over the past 12 months, the price of the first cryptocurrency has risen by 900%, and the shares of four public mining companies – by 5000% . These are Marathon Digital Holdings, Riot Blockchain, Hive Blockchain and Hut 8.

Fundstrat analysts also found that a 1% rise in bitcoin pushes the shares of these firms by 2.5%.

This year, it’s not just miners’ shares that have turned out to be more profitable than digital gold. For example, one of the rarest metals, iridium, has risen in price by 131% since the beginning of the year , ahead of cryptocurrency, which added 85% in price.

FATF Includes DeFi In Draft Guidelines For Crypto Industry

The Financial Action Task Force on Money Laundering (FATF) has proposed amendments to the guidelines for the cryptocurrency industry. According to the project, the DeFi sector and NFT have come to the attention of the regulator.

The department believes that DeFi projects fall into the category of virtual asset service providers (VASP) and must comply with anti-money laundering rules.

The amendments also include terminology for decentralized platforms (DEX) and non-fungible tokens (NFT).

Singer Emin: many Russian artists are into cryptocurrencies

Many representatives of Russian show business are engaged in cryptocurrencies, said Emin Agalarov , musician and first vice president of Crocus Group.

According to him, while not all artists accept digital assets as payment for performances, however, many “are engaged in cryptocurrency, because they understand how it can be potentially profitable.”

Agalarov himself accepts fees in bitcoin and is engaged in mining.

Hodlmonks also wrote this week:

  • raised $ 300 million with a valuation of $ 5.2 billion.
  • A Reddit user lost his wife due to a refusal to sell bitcoin for $ 60,000.
  • The Wolf of Wall Street Jordan Belfort: I was wrong about Bitcoin – the asset will reach $ 100,000.
  • Fed Chairman Jerome Powell: Bitcoin can replace gold , but not the US dollar.
  • Bloomberg strategist: Bitcoin price will skyrocket to $ 400,000 .
  • Hydra sellers have come up with a “treasure system” for anonymous bitcoin withdrawal.
  • Bitcoin enthusiasts have created a boiler for mining cryptocurrency
  • Chainalysis raised $ 100 million. The company was valued at $ 2 billion.

What else to read and see  

In the new material, ForkLog figured out  how to create, purchase and sell NFTs , along the way answering fundamental questions.

The magazine also found out  whether to pay taxes on the sale of NFT in the US, Russia and Ukraine.

In traditional digests, we have collected notable weekly events in areas related to cryptocurrencies – cybersecurity and artificial intelligence .

The overview of the most interesting initiatives in the field of blockchain technology spans a longer period.

During the online conference “Bitcoin at Maximum Speed”, speakers, including Ton Weiss, Gleb Naumenko, Andrey Sobol and others, discussed cryptocurrency, blockchain technology, mining and much more.

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