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Good morning. Welcome to Thursday Ideas, a part of our new collection: BitPinas Each day. We are going to have a look at the value of Bitcoin, Ethereum and the foremost cryptocurrencies. Crypto is world, however typically information that issues occurs whereas we sleep. So we deliver to you what’s taking place in our area right here and overseas.   

Market Worth as of March 11, 2021:

Bitcoin $56,020 +2.41%
Ethereum $1,802.31 -3.57%
BNB $278.40 -5.31%
DOT $37.78 -1.61%
ADA $1.14 4.2%
SLP $0.05 -20%

Bitcoin closed March 9, 2021, at $56,020 per BTC. We’re up 10% within the final 7 days and up 92% because the 12 months started. That is additionally 4% under the all-time excessive of $58,640, which was hit on Feb. 21, 2021.

Bitcoin’s market capitalization stands at the moment at $1,044,242,447,828 which is 59.91% of the complete cryptocurrency market. The complete crypto market, by the best way, now has a market cap of $1,745,316,345,898  (+2.9%).

On the desk above, there’s the cryptocurrency SLP. In case you marvel what that’s, take a look at this text: Playing Axie Infinity vs Minimum Basic Salary in the Philippines.

#CryptoPH

Moneybees Opens New Retailers

We begin the submit this time with an replace on what’s taking place on this planet of #CryptoPH:

With cryptocurrency transactions within the Philippines anticipated to extend this 12 months, locally-licensed digital asset service supplier Moneybees is opening extra shops because it eyes Php 2 billion transactions processed by means of its buying and selling platform. 

Take a look at the BitPinas article: Moneybees Opens New Outlets, Aims to Process Php 2 Billion Crypto Transactions This Year

Get Began on Crypto Artwork with the Narra Gallery

With information concerning the exploding recognition of NFTs and crypto artwork (we’ve got a Beeple information someplace on this article), the most important barrier to entry might be find out how to get began. One other one is the price to truly begin. For many who have damaged this barrier and minted their NFTs, they thought-about it a life altering alternative. 

Now it’s time for extra artists to get onboarded.

If you’re an artist in Southeast Asia and want to mint your first work of crypto artwork, attain out to the Narra Artwork Gallery. The fund, now at 5.48 ETH (value round $9,800), shall be used to assist ease the barrier of entry for artists who want to mint their first NFT.

You can learn more about the Narra Gallery here. Attain out to the Narra Gallery Twitter account for extra info.

$1000 to be Gained within the Voxel Metaverse

BlockhainSpace has tied up with The Sandbox to launch the primary Philippines themed VoxEdit contest:

PINASining | The Sandbox x BlockchainSpace PH

Philippine VoxEdit Contest

  • THEME : Philippines
  • CONTEST : March 8 – April 5
  • SUBMISSION : March 8 – 29
  • VOTING : March 30 – April 4
  • PRIZE POOL : $1000 in SAND

PRIZE:

  • #1 – $500 in SAND
  • #2 – $300 in SAND
  • #3 – $100 in SAND
  • #4 – $50 in SAND
  • #5 – $50 in SAND

Extra particulars on the Axie Academy Discord Group here.

Beeple

Bids for Beeple’s Artwork Assortment Surpass $13 million

Beeple’s “EVERYDAYS: The First 500 Days” is at the moment being auctioned on the legendary Christie;s. The very best  bid, on the time this text is written, is $13,250,000. 

That is the primary time a non-fungible token (NFT) artwork shall be bought at an public sale home, with bidders having the choice of paying in ETH. 

We wrote a fast information on NFTs right here: Non-Fungible Tokens – NFT 101 – Why People are Spending Millions of Dollars for Crypto Art and Digital Items

OpenSea

A16z is Investing in Open Sea?

The Block reported that sources accustomed to Andreessen Horowitz, a VC agency, stated the VS is taking part in a spherical for OpenSea, one of many first NFT marketplaces. The spherical is ready to come back in at $20 million. Apparently, when The Block seeked a remark from the agency, the agency simply replied with “good strive.”

A16z participated as nicely in earlier fundraise for Dapper Labs, the startup that made NBA Prime Shot and CryptoKitties. 

Wealth Managers

85% of Wealth Managers Who Maintain Crypto Plan to Purchase Extra

50 wealth managers and 50 institutional buyers with a collective $110 billion underneath administration were surveyed by Nickel Digital Asset Administration in January 2021. 

  • Majority stated they count on Bitcoin and different crypto to develop considerably
  • 21% of buyers stated Bitcoin would proceed to rise dramatically. 56% stated solely barely
  • 40% thought-about Bitcoin as a hedge towards widespread inflation and foreign money debasement

What else is occurring

  • Seetee CEO Reveals Norwegian Agency’s Bitcoin Funding Technique
  • Tweets Are For Sale in a Signal the Future Might be Tokenized
  • Anthony Scaramucci: I’m Only Targeted on Bitcoin, the ‘Large Canine’
  • Israeli Pension Large Put $100M Into Grayscale Bitcoin Belief: Report

This text is revealed on BitPinas: Moneybees, Narra Gallery, and VoxEdit Contest (March 11, 2021)

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