Crypto News Weekly Digest 10.05.2024

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2024-05-10

 

Tesla added Dogecoin cryptocurrency to the list of means of payment.

Electric vehicle manufacturer Tesla has officially added the meme-based cryptocurrency Dogecoin (DOGE) to the list of available means of payment.

On May 4, the company updated its website and added information that Dogecoin is accepted as payment for some products in the Tesla store. As before, only merch can be purchased with DOGE for now. As an experiment, the organization began selling goods for Dogecoin in January 2022, and the testing was completed successfully.

The Dogecoin market practically did not react in any way to the news about the final integration of the cryptocurrency into the Tesla platform, because over the past 24 hours, the coin has fallen in price by less than 1%. The bullish trend that emerged on May 1, which saw DOGE rise in price by 42%, was driven by positive sentiment in the cryptocurrency market and whale activity.

 

Vodafone plans to integrate blockchain into smartphones.

The company wants to do this by integrating cryptocurrency wallets with subscriber identification module (SIM) cards.

The ambitious move comes amid the company's financial plan, which reportedly involves Vodafone Idea - a separate company operating in India in which Vodafone Group has a 45% stake - taking on nearly $3 billion in debt, including $1. 8 billion in loans over the next two years.

Vodafone's head of blockchain technology, David Palmer, in a recent interview spoke about the company's plans to integrate blockchain technology into smartphone SIM cards.

 

A working group on CBDC and asset tokenization will be created in Hong Kong.

The Hong Kong Monetary Authority (HKMA), the region's de facto central bank, has announced the creation of Project Ensemble Architecture Community.

In its press release, the regulator said it will join forces with the industry to formulate standards and provide proposals for the development of Hong Kong's tokenization market.

The main goal of the working group will be to ensure interoperability between wCBDC and tokenized assets. According to the document, wCBDC is a digital payment instrument that is used by financial counterparties and acts as a kind of reserve for the central bank. wCBDC has a number of features and advantages that expand the operational capabilities of its use.

 

Mastercard is joining forces with US banking giants to test tokenized payments.

Payment processing and settlement firm Mastercard has joined forces with major US banking institutions such as Citigroup, Visa and JPMorgan to test the use of distributed ledger technology for bank settlements using tokenization.

The partnership between banking giants and the payment system aims to test a shared ledger technology called the Regulated Settlement Network (RSN). RSN allows for collective settlement of tokenized assets such as Treasury bonds, investment grade debt instruments, and commercial bank money.

 

The daily growth of AI tokens was three times faster than the dynamics of the crypto market.

The capitalization of the segment of AI-related tokens reached $27.9 billion, an increase of 11% per day. The entire cryptocurrency market grew by only 2.9% to $2.45 trillion.

The sector leaders - Fetch.ai (FET) and Render (RNDR) - rose in price by 9.8% and 12.9%, respectively, in 24 hours.

The weekly growth of assets is more impressive. RNDR quotes have increased by more than 50%, the market supply of the asset is $4.48 billion. The FET indicator has reached $5.9 billion-plus 19% in seven days.

Only Bittensor (TAO) showed a slight pullback of 1.4% from the top 30 during the period.

 

Pantera Capital called the amount of investment in TON a “record”.

The American venture fund Pantera Capital announced that it had invested a record amount of money in the company in TON.

The exact investment amount is still not disclosed. However, several assumptions can be made:

- The fund financed (albeit jointly) many “heavyweights” in the industry like Bakkt, Bitso and Alchemy, who at one time raised from $250 million to $300 million;

- The fund planned to raise approximately the same amount to buy out Solana (SOL) from FTX;

- Pantera recently announced raising $1 billion into a new structure.

Pantera Capital CEO Dan Morehead said he recently had lunch with Pavel Durov and was “mesmerized by the purity of his beliefs.”

 

The hacker returned 51 ETH from the stolen $68 million to the user.

The attacker who stole $68 million through “address poisoning” contacted the victim. The hacker returned 51 ETH (~$153,800) to the user with a message to contact him on Telegram. This is evidenced by on-chain data on the Etherscan platform.

Communication was carried out through the Input Data field in the Ethereum transaction.

 

The message from the attacker came after the victim requested most of the funds on May 5. 51 ETH represents only 4.2% of the requested amount.