Blockchain Today Weekly Digest

04 Apr — 10 Apr

Meta reveal its plans to issue tokens. The mass adoption of crypto is developing, you can find out all the details in our digest.

1. Meta Plans to Launch Its Virtual Currency “Zuck Bucks”

Facebook and Instagram parent company Meta plans to launch virtual currencies in its app after the stablecoin project Diem shut down, not getting the approval of financial regulators. While competition between social media platforms increases, Meta is looking for alternative revenue sources and new features to attract new users, maintain, and boost activity.

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2. Tesla’s Tech Will Be Used for Block & Blockstream BTC Mining

Leading blockchain infrastructure builder Blockstream and financial services provider Block (previously Square) will build a facility in Texas for mining Bitcoin using Tesla’s solar and storage technology.

Adam Back, Blockstream’s co-founder, and CEO unveiled the news at Bitcoin 2022. Together with Jack Dorsey’s Block, the companies will use Tesla energy resources for a $12 M BTC mining facility powered by the photovoltaic system (PV system) and the battery storage, Tesla Megapack.

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3. MacroStrategy Acquires Additional 4,167 Bitcoins

Enterprise analytics and software company MicroStrategy’s subsidiary MacroStrategy added another 4,167 Bitcoins to its holdings for around $190.5 M paying in cash. The average BTC price for the deal was $45,714, including fees and expenses.

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This was some news for the crypto events of this week. Follow us for reading our weekly digests and always be updated!