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In case you missed it, earlier this week the world’s richest man and Tesla CEO Elon Musk tweeted that he was buying football giants Manchester United! The tweet, however, moved a fake crypto fan token up to 3000%, the Twitterati realized it was all a joke! Other than that, here’s what else has been happening in the cryptocurrency world over the past week.
Buenos Aires will deploy Ethereum validator nodes
Buenos Aires (capital of Argentina) is set to become one of the first public entities in the world to participate in the management of Ethereum’s network infrastructure. Diego Fernandez, the city’s Secretary of Innovation and Digital Transformation, said so at ETH Latam, an Ethereum-centric convention taking place in the city.
In 2023, the city will work with private companies to install validator nodes, which are machines running Ethereum client software.
Validators are responsible for storing data, processing transactions, and adding new blocks to the blockchain, which will be part of the Proof-of-Stake (PoS) network consensus system implemented in conjunction with the merger that is expected to take place in mid-September.
With this move, Buenos Aires would be one of the pioneer cities to host its own cryptocurrency nodes.
In April, the city also decided to let residents use cryptocurrencies to pay their taxes.
Alphabet and Samsung among the most active blockchain investors
Tech giants Alphabet and Samsung were placed as the most active investors in blockchain-related companies, participating in 13 funding rounds between September 2021 and June 2022.
BlackRock, Morgan Stanley and Goldman Sachs are the other investors on the list. The data comes from Blockdata, a market intelligence platform for blockchain.
According to Blockdata, Alphabet has participated in investment rounds for companies including Fireblocks, Dapper Labs, Voltage and Digital Currency Group, which raised $1.5 billion.
Blockdata also estimated that the top 40 companies invested around $6 billion in blockchain startups during this time.
Houston Texans become first NFL team to sell crypto gaming suite
The Houston Texans of the National Football League (NFL) become the first organization in the league to sell single-game suites in exchange for cryptocurrencies.
The Texans have partnered with the Houston-based cryptocurrency company to make BitWallet the team’s official digital currency wallet. BitWallet will also provide intermediary services by exchanging crypto for cash for Texans.
A game suite is a luxury private viewing box in the stadium that is often adorned with buffets, expensive liquor, bathrooms, televisions, attendants, and a prime location to view the game.
Many crypto-friendly players in the league have also opted to receive a portion of their salaries or contract bonuses in crypto assets.
Ripple and SBI Remit collaborate for real-time payments between Japan and Thailand
Expanding its footprint in Asia-Pacific, Ripple announced a new partnership with SBI Remit to enable money transfers between Japan and Thailand.
This allows people to instantly send money between countries without fees. The new partnership also adds Thailand’s Siam Commercial Bank (SCB) to its board.
Under the agreement, SBI Remit and SCB will process real-time remittance services using Ripple’s enterprise blockchain system, RippleNet.
It makes more sense for Ripple to expand into Asia as it is currently among the fastest growing regions in the world.
Australia’s leading petrol station chain will accept crypto for fuel
Australians can now pay for fuel via cryptocurrencies at gas stations and convenience stores under the leading On The Run (OTR) brand for the service powered by Crypto.com.
Crypto.com revealed that the service is available at 175 OTR stations in the states of Victoria, South Australia and Western Australia.
The partnership provides the world’s first scalable option to use the Crypto.com app to pay directly in-store for common items without first converting to fiat currency.
The POS terminal is provided by Sydney-based payment system Datamesh, while Crypto.com provides the Pay Merchant service as a payment settlement platform.
Apart from gas, users can also use cryptos like Bitcoin to pay for other daily commodities.
Anthony Hopkins will launch an NFT collection to celebrate his career
Veteran actor Anthony Hopkins, in association with Orange Comet, is about to release the first batch of his NFT series called “The Eternal Collection”.
Collectors will have access to more than 1,000 exclusive photos of the actor throughout this period, which will be based on the performer’s work.
Hopkins’ interest in creating an art collection immortalizing his film career grew after his film Zero Contact was released as an NFT on Vuele, a Web3.0 creative studio platform.
More than 1,000 original photographs will be auctioned throughout the three-day event, and 39 art books signed by Hopkins will be randomly distributed to bidders to give them a closer look at his poems and paintings.
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Disclaimer: This article was written by Giottos Crypto Exchange as part of a paid partnership with The News Minute. Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss arising from such transactions. Please do your own research before investing and seek independent legal/financial advice if you are unsure about investments.