Bitcoin in the midst of conquering South America – Colombia has many players who are in favor of Bitcoin (BTC) and cryptocurrencies . This fact is once again demonstrated with Bancolombia, a large multinational banking corporation, which will allow exchanges of BTC as well as 3 other crypto-assets.
Banks are starting to embrace Bitcoin and cryptos
If El Salvador has made Bitcoin a national currency , other Latin American countries are starting to integrate crypto-assets into their economy. This is the case in Colombia , via the Bancolombia bank , which is part of a large banking group also including banks in Panama (Banistmo) and Guatemala (BAM).
With its nearly 18 million customers , the Bancolombia group has just announced its partnership with the Gemini cryptocurrency exchange platform . In a press release issued on December 6, Gemini and Bancolombia announced in effect that they will provide a number of customers in the large bank of entry gateways and output in fiat currency to exchange Bitcoin (BTC) Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), via the Winklevoss brothers’ crypto-exchange.
This banking crypto-trading experience, which will begin on Tuesday, December 14, 2021, will first – initially – be offered to a small group of Bancolombia clients.
The Gemini crypto-exchange expands its offer and weaves its web
Based in New York , the exchange platform for twins Winklevoss has mainly developed its ecosystem in North America so far, but is now actively seeking to internationalize .
“This partnership is an important step in the strategic expansion of Gemini’s presence in Latin America. We look forward to working closely with the Colombian crypto ecosystem, and supporting crypto-assets that empower Colombians to take control of their financial lives. (…) Cryptocurrencies are borderless by nature, and we are committed to expanding access to crypto to as many people as possible around the world. (…) “
Cynthia Del Pozo, Strategy and Development Director for Gemini
The integration of Gemini’s offer into Bancolombia is supported by a pilot program of the Colombian government. The local financial regulator, the Superintendencia Financiera de Colombia (SFC), is thus responsible for facilitating access to cryptocurrencies for the citizens of Colombia.
In October, another South American country was profiting from the incursion of cryptos into its economy. Indeed, Peru has since benefited from a stablecoin of its national currency (the Peruvian sol) which is called PEN, and which is based on the Stellar network (XLM).
Crypto News: Ubisoft names Tezos for its NFT Gaming platform
It’s been a while since video game giant Ubisoft entered the cryptosphere. Among the projects favored by the French company is the Tezos network (XTZ), of which it became a validator in April 2021. Today, it is NFT of in-game equipment from its latest game that Ubisoft will offer thanks to at Tezos.
Tezos serves as the backbone for Ghost Recon game
By their unique nature , enabled by blockchain networks, non-fungible tokens (NFTs) are a perfect digital transposition for cards and collectibles .
Ubisoft understands the strong potential that NFTs represent for gaming , and has just announced the latest fruit of its association with the Tezos crypto project . From this Thursday, December 9, 2021, the video game company will launch the beta version of its NFT platform , called Ubisoft Quartz .
As the Ubisoft teams explain in a press release as well as on Twitter, their latest game “Tom Clancy’s Ghost Recon Breakpoint” will be the very first to benefit from 3 of these exclusive NFTs, called “Digits” on Ubisoft Quartz. And these will therefore be based on the Tezos blockchain.
NFTs: Ubisoft’s first crypto-foray before the metavers?
The technologies carried by cryptocurrencies create a whole new universe of concrete applications . Whether these are in their infancy or even yet to be imagined, they provide a glimpse of a strong potential for development in a field such as that of video games.
“The digitization of our world has dramatically accelerated changes in the way users and communities interact online. As blockchain technology matures (…) it begins to find more concrete uses in our daily lives. (…) Likewise, new economic models are appearing, play-to-earn being perhaps the most important, with the sale of virtual land. (…) “
Didier Genevois, Ubisoft blockchain technical director
Moreover, the teams of the video game giant are already setting out their future ambitions in the press release announcing Ubisoft Quartz: the construction of metaversees for gamers.
“Our long-term efforts have led us to understand how the decentralized approach of the blockchain could truly make players players in our games, (….) Ubisoft Quartz is the first brick of our ambitious vision to develop a real metaverse. (…) “
Nicolas Pouard, vice-president of Ubisoft’s Strategic Innovation Lab
In addition, the Tezos blockchain is based on Proof of Stake (PoS) consensus, which is much less energy intensive than Proof of Work (PoW). The recent revelation of the very low power consumption required to operate Tezos has annihilated any form of ecological criticism possible, especially given the usefulness and benefits provided by the decentralized trust networks that are blockchains.
BitMart hack: Shiba Inu and Huobi to the rescue
BitMart receives support from Huobi and the shiba inu community (SHIB) following its hack. One offers concrete help, while the other shows above all its solidarity with BitMart in a symbolic way.
BitMart hack: Huobi on the trail of stolen funds
On December 5, 2021, Huobi said in a tweet that the platform “will do its best to help” the BitMart exchange, which on the same day suffered a hack of more than $ 196 million in cryptocurrency. Huobi will report in particular the stolen assets that will pass through its platform .
For Huobi Global Strategy Director Jeff Mei, transparency and responsiveness are the right answers to these attacks:
“Exchanges should alert their users, other exchanges and law enforcement authorities as soon as possible and be transparent about what they are doing to deal with hacking and the loss of user funds. “
The emotional support of the SHIB community for BitMart
The SHIB community also showed its solidarity with BitMart , while recalling the efforts it is making to analyze possible flaws that could expose the decentralized exchange ShibaSwap to possible attacks:
“Even though the heart of our project is decentralization, we want to show our support and give some love to our friends at @BitMartExchange who are already working hard to resolve the security incident that happened yesterday. “
BitMart CEO Sheldon Xia tried to reassure users of the exchange who were victims of the hack, suggesting that the company is looking for several solutions to reimburse all the stolen cryptocurrencies :
“We are also talking to multiple project teams to confirm the most reasonable solutions, such as token exchanges. No user assets will be harmed ”
BitMart, however, had to temporarily stop all withdrawals and deposits following the hack, and expected a recovery no later than December 7, 2021, which is today.
BitMart increases the statistics in terms of hack in decentralized finance. While the cryptosphere registers less fraud, DeFi is an exception. The sector is today the preferred target of hackers . Not sure that inter-exchange solidarity or between crypto players in general is sufficiently dissuasive for hackers who can siphon millions of digital assets in a few clicks.
Crypto News: In green and against everyone – When Tezos (XTZ) plays it good green student
It’s Tezos (XTZ) ‘s turn to green its image, revealing the energy consumption and carbon dioxide emissions of its blockchain. The project is recording major positive changes in this area.
Tezos and ecology: more energy efficiency for the blockchain
Tezos publishes the report on the carbon footprint of its blockchain . The document was written by the French firm, member of the PwC network, PricewaterhouseCoopers Advisory SAS. It shows a 70% improvement in the energy efficiency of every transaction on Tezos. The blockchain has reduced its carbon emissions, emitting nearly 2.5g of CO2 per transaction . Its energy consumption needs have also fallen by 30% compared to those of 2020.
Tezos’ energy footprint would be the equivalent of that of 17 citizens , while the blockchain would record 50 million transactions. The annual energy consumption of the blockchain would amount to 0.001 terawatt hour (TWh) , against 130 TWh for Bitcoin (BTC) , and 26 TWh for Ethereum (ETH) .
Tezos unveils the figures on its CO2 emissions and energy consumption, a few weeks after Solana (SOL) did the same, while the project wants to implement before 2021, a plan to become carbon neutral .
For a greener blockchain: unemployed miners
Tezos’ consensus mechanism (the Liquid Proof of Stake , or LPoS) is convincing more and more crypto projects who see it as an ecological solution to the criticisms leveled against the proof of work, accused of being too energy intensive and polluting.
Ethereum 2.0 will also soon see the move away from proof of work on the blockchain in favor of proof of stake. Zcash is also preparing to make this change, enough to whet this whale’s appetite for ZECs , knowing that the supply in circulation of the latter should decrease with the new staking possibilities offered by the network.
The figures on the energy consumption of a blockchain seem today to have the same importance as the indicators allowing to appreciate the adoption of a crypto project. Tezos and Solana each publish their report to assess the carbon footprint of their blockchain. Filecoin (FIL) is also in the race, putting online an open-source table to track its energy consumption .
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