Bank of England warns crypto could threaten the established financial system

Happy Tuesday, everyone! The global crypto market cap is $2.14 trillion with a 24-hour volume of $105

CryptoSlate Newsletter @cryptoslate

Happy Tuesday, everyone! The global crypto market cap is $2.14 trillion with a 24-hour volume of $105.09 billion. The price of Bitcoin is $46,945.72 and the BTC dominance is at 41.4%. The best performing cryptoasset sector is Advertising, which gained 10%.

Bank of England warns crypto could threaten the established financial system Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price correction could have on the established financial system, BBC reported. cryptoslate.com

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Elon Musk announces Dogecoin payments for Tesla merch Elon Musk, CEO of Tesla Motors, tweeted in support of Dogecoin and declared that Tesla will now accept Dogecoin as payment for its merchandise. cryptoslate.com

Chinese citizens are showing more interest in Web 3.0 Over the past few years, the Chinese government declared a full-fledged war on the crypto industry, barring its citizens from carrying out either trading activities or mining digital assets. While this action has led to the demise of many crypto-related firms in the country, interest in the industry appears unaffected as a recent tweet from […] cryptoslate.com

Chainlink and IoTeX link up to advance real-world connectivity Chainlink and IoTeX have expanded their partnership to enable developers to build on the latter's blockchain platform more advanced smart contract applications with access to real-world data and off-chain computation.ll cryptoslate.com

Crypto trading cards: How Hal Finney thought about the concept of NFTs over 30 years ago On January 17, 1993, Hal Finney, the person known for receiving the first Bitcoin transaction from Satoshi Nakamoto, wrote an email with the subject "Crypto trading cards" on the online service CompuServe to the Cypherpunks members, where he mentioned a more interesting way of exchanging digital cash through cryptographic trading cards, as referenced below. cryptoslate.com

German banking group "Sparkasse" confirms rumours–wants to launch a crypto wallet Sparkasse's secret project was confirmed–the network of 370 savings banks across Germany is planning to give 50 million people exposure to crypto. cryptoslate.com

Pepsi to drop its first NFTs titled Mic Drop Collection Famous fizzy drink manufacturer Pepsico is the latest in a series of big brands to launch into the world of NFTs. cryptoslate.com

Ethereum splinternet, are scaling solutions breaking up the ecosystem? Transactions fees on Ethereum's mainnet has caused much frustration and stirred frequent criticism as of late, however transaction fees have been on a steady rise going back at least a year. cryptoslate.com

Bitcoin addresses sending coins to exchange plummets to new low It is clear that Bitcoin's price movement at this moment is presently far away from what investors want as the digital asset is $19k away from its ATH. cryptoslate.com

Get your metaverse experience with CryptoCity Metaverse's newest release Is the term "metaverse" familiar to you? Then you know that change is just around the corner, with 3D images and noises to accompany you on your digital journey, all in the comfort of your own home. cryptoslate.com

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