The mayor of Rio de Janeiro, the financial heart of Brazil, has revealed he is planning on allocating 1% of the city’s treasury reserves to buy cryptocurrency, a move that would make Rio de Janeiro the first Brazilian city to buy BTC and potentially other cryptoassets.
Lightning Network-powered app Strike is reportedly only supporting Tether’s USDT stablecoin in Argentina, where users have complained the app does not allow them to buy, sell, or hold bitcoin as it does in other countries.
Walmart is seemingly venturing into the metaverse with its own cryptocurrency and collection of non-fungible tokens (NFTs). The firm filed several new trademarks that indicate it’s looking to sell virtual goods, including electronics, home decorations, toys, and others, along with a cryptocurrency and NFTs.
Bitcoin’s market share dropped from 71% to 39.8% last year, whilst Ethereum and other altcoins saw their market share grow exponentially.
Top stories in the Crypto Roundup today:
- Rio de Janeiro to Invest 1% of Treasury in Crypto
- Lightning Network-Powered App Strike Won’t Support Bitcoin in Argentina
- Walmart Quietly Prepares to Enter the Metaverse
- Chart of the Week: Bitcoin’s Declining Dominance
Source: https://www.cryptocompare.com/email-updates/daily/2022/jan/17/
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