Crypto News, December 3: Exciting Things Are Happening!

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Adidas enters the metaverse, a Banksy painting is split into 10,000 NFTs, Bitcoin is deployed to hundreds of millions of Brazilians, and crypto donations have increased.

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Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts BIG metaverse plans for adidas 🌏After leaving endless clues in recent days, adidas has revealed new details about its foray into the metaverse. The sportswear brand has partnered with Bored Ape Yacht Club, PUNKS Comic and gmoney NFT. Its developers said, “When you believe the impossible is nothing, you find yourself in strange new places.” A flashy video on Twitter showed three characters flying towards Earth, including an annoyed monkey, each equipped with adidas gear. Here’s what we know so far. ETH ‘better store of value’ than BTC new study could have Bitcoiners choking on their coffee. Australian academics have argued that ETH may be a better store of value than BTC. Recent upgrades to the Ethereum blockchain have made it the second largest deflationary cryptocurrency in the world. Ultimately, the authors expect ETH’s issuance rate to settle at 0.98%, while the supply of BTC will increase by 2% over the same period. This “may help explain its recent outperformance over rival Bitcoin,” they added. JPMorgan is also bullish. Saylor: BTC is not ideal for buying coffee ☕️MicroStrategy boss Michael Saylor has said that Bitcoin is the world’s reserve asset – but admitted that it is not ideal for making daily purchases. Suggesting that the dollar still has a place in our society, he told CoinDesk: “You don’t want to pay for your coffee with your Bitcoin, you want to pay for your coffee with currency.” It comes as MicroStrategy continues to accumulate BTC in an amazing space. Earlier this week, it emerged that the software company had recovered 7,002 BTC. What he said. Banksy art will be divided into 10,000 NFT 🔥An actual Banksy painting is divided into 10,000 NFT. Love Is In The Air – created in 2005 – depicts a masked man throwing a bouquet of flowers instead of a bomb. Loic Gouzer has created a company called Particle which is powered by the Avalanche blockchain and aims to “change the way people own, collect, experience and enjoy fine art.” Each NFT is expected to be sold for $ 1,500 each – and the painting is divided into individual squares. It could bring in a big profit. “A battle for the future of the Internet” The co-founder of Axie Infinity warned that Facebook’s foray into the metaverse is a “battle for the future of the Internet.” Jeff Zirlin warned that the crypto industry would face “more powerful enemies” as digital assets and blockchain become mainstream. Speaking at the NFT BZL conference in Miami, he said: “They are going to try to crush this beautiful thing that we have built because it threatens them – it threatens their business model, their way of life and their philosophy. . ” To read more, click here Crypto Giving Tuesday, Donations Up 583% 🚀 A whopping $ 2.4 million was raised during this year’s Crypto Giving Tuesday, an increase of 583% from to last year. Generous investors dug deep for an average donation of $ 12,600 – and, reflecting the astonishing performance of the market over the past 12 months, this is a 20% increase from 2020. In total, 1 017 nonprofits participated in this year’s event – up 839%. For the very first time, ETH also reversed BTC to become the most popular coin for donating. Statistics. ‘Latin American Amazon’ embraces crypto 🤩MercadoLibre – dubbed by some ‘the Latin American Amazon’ – has revealed more details of its plans to make cryptocurrencies accessible to hundreds of millions of people across the country. Brazil. This month, consumers will have the option to buy, sell and hold Bitcoin and Ether – and through a partnership with Paxos, USDP stablecoin will also be offered. Outlining the importance of the move, Paxos drew comparisons to when PayPal embraced digital assets in 2020. Why this matters. Yellen: ‘Mind is not catching up’ on digital dollar 🇺🇸 Uncertainty remains over whether the US plans to proceed with a banking digital currency – with Treasury Secretary Janet Yellen confirming she is undecided. Speaking to Reuters, Yellen said more work was needed to infer the pros and cons of CBDCs and to assess the impact this could have on the U.S. banking system. The country’s freezing pace has infuriated some officials, especially as China now has its own fully developed CBDC. What is at stake.

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