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What Happened in the Crypto Industry & NOBI During the Past Week?

Hi NOBI’s! We are finally at the end of 2022. Over the past week, a lot has happened in the crypto industry. One of them, came from Alex Gladstein, CSO Human Rights Foundation who believes that the truly global adoption of Bitcoin will be achieved in 2023. The next news, came from Elon Musk who step down as Twitter’s CEO because he was ‘fired’ by netizens, how come? We recap what’s been happening in the crypto industry during the past week!

1. Visa Uses Ethereum for Automatic Payments!

A leading multinational financial services company from the US, Visa, has reportedly just proposed using an Ethereum blockchain-based account. It is aimed at presenting an automatic payment system from crypto wallets. This is a step forward by financial services company Visa in an automated payment system using the Ethereum network. Visa makes use of smart contracts which are commonly used in cryptocurrency transactions.

Visa described the automatic payment method in its official blog post on December 19, 2022. This payment service company proposes using Ethereum features for implementing automatic payments on its platform. In order to take advantage of this breakthrough, each user account must be connected to the Ethereum network.

2. Formerly Anti-Crypto, Donald Trump’s NFT Collection Sold Out in One Day!

The first NFT collection from former US President, Donald Trump sold out less than a day after going on sale. In total, the sale was valued at nearly $4.5 million (Rp 70.2 billion). 45,000 NFTs had sold out by Friday morning, according to collectTrumpCards.com, a website that sells the digital asset. At $99 per NFT, sales totaled $4.46 million. The card is now traded on the OpenSea NFT marketplace, with prices starting at $1,200. The creator of the collectible, artist Clark Mitchell, will receive 10 percent of any subsequent sales.

3. G20 Countries to Build Crypto Policy Consensus

Group of Twenty (G20) countries recently unveiled plans to build policy consensus on crypto assets for better global regulation. This was stated by the Deputy Finance and Central Bank of the G20 countries in a meeting that took place last December 13-15, in Bengaluru, India.

India’s Secretary for Economic Affairs, Ajay Seth, stated in a press conference on Wednesday (14/12/2022), the aim of building a consensus on crypto asset policies is to achieve better global regulation. Taking into account the implications of crypto assets for the economy, monetary policy, and the banking sector must be studied for consensus building, he added.

4. ‘Fired’ by Netizens, Elon Musk to Step Down As Twitter’s CEO?

The current owner and CEO of Twitter, Elon Musk, is reportedly looking for a new executive candidate to lead the company with that blue bird logo. Elon, who acquired the social media company for US$44 billion (Rp 682 trillion) in October, had previously said that his position as CEO would only be temporary.

Meanwhile, the results of a poll recently conducted by Elon Musk regarding whether he should abdicate to leave the CEO position on Twitter, seemed predictable. As a result, 57.5 percent of social media netizens agreed that he should step down. Meanwhile, as many as 42.5 percent want the Tesla and SpaceX boss to still sit in the CEO chair. “Should I step down as head of Twitter? I will abide by the results of this poll,” Elon tweeted.

5. Alex Gladstein: Truly Global Adoption for Bitcoin Will Happen in 2023

Jeff Wilser from CoinDesk, a world-class crypto media site, recently chatted with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation. At that time, Alex had just returned from a bitcoin conference in Ghana. “I was blown away,” said Gladstein. “I am amazed at the number of bitcoin entrepreneurs and leaders from different countries.” He met people from rural Cameroon, from the Democratic Republic of the Congo, from Somalia, from conflict zones. “They all built bitcoin. It’s been absolutely incredible,” he said, which is why he believes that “global adoption is likely the number one important story for next year.”

That wraps up for Crypto This Week. We’ll see you at the next one!

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