13 February

“The City of Miami’s governing commission today passed a resolution that it will look into the possibility of investing government funds into Bitcoin, an idea spearheaded by Miami Mayor Francis Suarez, who wants to the city to be on the bleeding edge of fintech.

The resolution has two other important goals. One is to allow local government employees to receive some or all of their wages in cryptocurrency. The other is to allow citizens to pay property taxes or city fees using cryptocurrency.

I think we’re on the cusp of seeing a major titanic shift on this.”

See Also: Andrew Yang says he’ll transform NYC into a Bitcoin hub if elected mayor

Bitcoin (BTC) is looking increasingly like it is in a “supercycle,” not just a bull cycle, statistician Willy Woo suggests.

Retail has arrived. The last 4 weeks. Welcome to the middle phase of the bull market. This one is like no other.

With Bitcoin poised to tackle $50,000 resistance next, longer-term price indicators continue to point upwards even after the heavy upside of the past few months. Bitcoin so-called “thermocap” is one such metric suggesting that the gains are only getting started.”

See Also: Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report
See Also: Wall Street Embrace of Crypto Grows Closer as Employees Argue on Its Behalf: CNBC

The deposit contract for the Ethereum 2.0 Beacon Chain – the epicenter of Ethereum’s new architecture – now holds over 3,000,000 ETH, worth over $5.5 billion at current prices.

The amount deposited represents 2.67% of Ethereum’s total supply.”

“The addition of a synthetic TSLA asset was first officially proposed on Feb. 2. The vote was put in motion on Feb. 10.

With the addition of synthetic Tesla stocks, Synthetix users will now be able to trade on one of the biggest corporate stocks from a DeFi app rather than a retail trading app such as Robinhood. The synthetic TSLA stock will be listed with the ticker sTSLA.”

“The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data Analyst and Blockchain Data Engineer, explaining in job postings they will join a team ‘building an analytics platform with advanced metrics and insights for Bitcoin.’

Saylor has been vocal about perceived deficiencies in bitcoin’s data. He declared last October that “garbage” market data was holding bitcoin back.

[The product] could eventually become a commercialized intelligence offering for digital assets beyond just bitcoin. MicroStrategy wants analysts experienced with public, private and permission blockchains.”

BitPay’s U.S. cardholders can now add their prepaid Mastercard to their Apple Pay wallets. Apple Pay functionality will allow cardholders to use their mobile devices to make purchases in store and online using the crypto held in their BitPay wallet.

Support for Google Pay and Samsung Pay will be added later this quarter.”

The airdrop looks to entice active Uniswap traders to try 1inch.

The project distributed 6 million 1INCH tokens to particularly active Uniswap traders. To receive the airdrop, the traders must have interacted with Uniswap in at least 20 separate days, and have done at least three trades in 2021. In addition, the wallets must not have interacted with either 1inch or Mooniswap in the past.”

See Also: 0x takes initial steps towards decentralizing governance

India’s draft bill to put a complete ban on cryptocurrency transactions will likely be passed, according to a senior Finance Ministry Official speaking to Bloomberg on the condition of anonymity.

The official said that, when the bill gets passed, cryptocurrency holders and companies will have a transition period of between three to six months in order to wrap up their activity.”