Altcoin Daily has shared the biggest bullish news for Bitcoin, Ethereum as well as updates from Decentraland, VeChain and lower cap coins like Injective protocol.
Visa settles first payment in USDC
Major adoption news for Ethereum as one of the biggest financial juggernauts in the world, Visa completed their first cryptocurrency transaction on the Ethereum blockchain. The credit card provider that processes billions of dollars each day accepted the first payment settlement in USDC, a stable cryptocurrency pegged to the U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the Ethereum blockchain. Visa is using Ethereum as a settlement layer (0:32).
Bitcoin is looking bullish
The Bitcoin price is consolidating now but the fundamental metrics are looking bullish. Bitcoin mining has hit a new harsh-rate all time high, meaning miners are accumulating Bitcoin and not selling. Bitcoin will overtake both Google and Amazon by market cap at $83,000. The network is already more valuable than Facebook (3:46).
Decentraland, VeChain and Injective Protocol news
Decentraland is growing. A pretty cool event is happening in the decentralized network virtual world as more builders and creators troop in (7:32). VeChain, a blockchain platform designed to enhance supply chain management and business processes has been referenced in an academic paper by blockchain developers built to monitor vaccine production in China (8:27). Injective Protocol announced the public release of Equinox staking (9:32).