Quote of the Week: “Here’s my prediction: The markets pull back finally, and we get a 10%–20% correction in the stock market. All correlations are one, which is usually the way it works. Bitcoin comes out better off for it.” – Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. Source: https://cointelegraph.com/
Walmart Moving Toward Digital Assets: Walmart has made at least three filings with the USPTO, signaling the company’s plans to incorporate digital assets and virtual experiences in its strategy. The trademark filings detail the possibility of the launch of a Walmart virtual currency or token, downloadable software used for augmented reality, and NFT-based goods and services. Source:
NFT Marketplace Acquires Dharma Labs: In an announcement on January 18, it was confirmed that NFT marketplace OpenSea had acquired crypto wallet firm Dharma Labs. As part of the deal, Dharma co-founder Nadav Hollander will now serve as the chief technology officer at OpenSea. OpenSea co-founder, Alex Atallah, who previously was the CTO at the company will step into a new role overseeing NFT ecosystem development efforts. Source: https://www.coindesk.com/
Brazil and Bitcoin: The mayor of the Brazilian city Rio de Janeiro, Eduardo Paes, stated that he wants to allocate 1% of the city’s treasury into Bitcoin, and he announced plans for “Crypto Rio,” which is an initiative to turn the city into a cryptocurrency hub. At Rio Innovation Week, Mayor Paes talked with Mayor Suarez of Miami, Florida about Bitcoin. Source: https://cointelegraph.com/
Coinbase and Mastercard Partner: On January 18, Coinbase announced its strategic partnership with Mastercard. Mastercard will help simplify the experience of buying NFTs on Coinbase’s marketplace; one will not need cryptocurrency to buy an NFT on Coinbase and can use a credit card or debit card. However, buyers will still need a cryptocurrency wallet in order to store the NFT after its purchase. Source: https://finance.yahoo.com/
Google and Cryptocurrency: Google has hired a former PayPal executive to help expand Google Pay and explore cryptocurrency payment options. Google’s president of commerce Bill Ready told Bloomberg that “crypto is something we pay a lot of attention to […] As user demand and merchant demand evolves, we’ll evolve with it.” Source: https://cointelegraph.
And, that’s a wrap!