BitcoinPlace: Bitcoin and Crypto news all in one place Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG

The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo

CoinDesk: Creating the On-Ramp for Web 3

Arguably the biggest challenge for the ongoing development of crypto, blockchain technology and Web 3 is finding ways to widen their appeal and facilitate their applications. As the end of a tumultuous year for crypto markets comes to an end, there is now a unique, once-in-a-lifetime global opportunity to shape the future by democratizing access to the tools that people need to create decentralized services for everyday life.

CoinDesk: Growth of Dollar Digital Currency Creates New Investment Opportunities for Businesses

Stablecoins like USDC are making business more efficient and providing new avenues for investment.In November 2021, the total value of dollar digital currencies surpassed $127 billion, according to a U.S. Treasury Department report. It has kept going up. A month later, it’s more like $158 billion by CoinMarketCap’s count, up staggeringly from $28 billion in January. Of that total, $42 billion can be ascribed to USD coin (USDC), a project from Circle that for months has been among the 10 largest market capitalizations of any cryptocurrency regardless of category. Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion

According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped