There are Important Developments for BTC, ETH, JTO and These 2 Altcoins!

Following the election of President Javier Milei, Argentina approved Bitcoin as its official currency. Ethereum developers announced the possible date for the Dencun upgrade. Meanwhile, Jito (JTO) has been listed on leading crypto exchange Kraken. Keep reading us for more…

Hot developments for BTC, ETH, JTO, WLD, USDC

Argentina’s new government approves Bitcoin

Following the election of crypto-friendly President Javier Milei, Argentina has confirmed that Bitcoin can be used as currency in official contracts. Diana Modino, Argentina’s minister of foreign relations and international trade, made a statement on the issue. “We confirm and confirm that you can make contracts with Bitcoin in Argentina,” Modino wrote on his X account. Moreover, “And also any other type of crypto,” she added. In addition, she published an article of the existing law.

Modino refrained from giving details about any new measures the government may be planning regarding crypto. But the early nod to Bitcoin comes amid the local currency’s serious problems with hyperinflation and devaluation. This is in line with new President Milei’s views on monetary policy. “Milei sees Bitcoin as a crucial tool against the inefficiencies and corruption of centralized financial systems,” Grayscale Investments said in a report last month. If South America’s second-largest economy starts using Bitcoin more frequently, some say, it could catalyze crypto usage around the world.

Ethereum developers prepare for Dencun upgrade

Ethereum developers are intensifying their testing for the Dencun upgrade next year. This is a major milestone aimed at increasing data storage capacity through “proto-danksharding”. The developers discussed their goals in their bi-weekly meeting. So, on January 17, they announced that they planned to run Dencun on the Goerli test-net.

This upgrade will reduce the cost of the second tier Rollup. It will also increase data “blobs”. Thus, it will expand Blockchain. At least that’s what the team is aiming for. Developers are currently developing a test program for the Dencun upgrade. They plan to run it on the Sepolia test-net on January 31st and on the Holesky test-net on February 7th. The changes are expected to be rolled out to the main-net by the end of February. However, it should be noted that these dates may change depending on the outcome of the test-net fork.

Circle, an issuer of USDC and EURC, Registered in France

Circle, a leading financial technology company and stablecoin issuer, has made a significant move. Circle has received conditional registration as a Digital Asset Service Provider (DASP) in France from the Autorité des Marchés Financiers (AMF), the country’s financial regulator. Circle’s move comes as the company strengthens its commitment to France and the European Union.

AMF granted Circle a conditional registration as a DASP. This means that Circle must meet certain conditions in order to operate fully in France. These conditions include obtaining approval as a payment services provider (PSP) or registering as a PSP representative, which can be achieved by obtaining an Electronic Money Institution (EMI) licence. DASP allows it to offer digital asset services to professional investors in France.

Worldcoin’s ecological wallet reaches a new milestone

Tiago Sada, director of product, engineering and design at Worldcoin development company Tools for Humanity (TFH), announced that the number of World App users has exceeded 5 million. Sada also said that the current weekly activity is 1 million. In this context, Sada said, “The World application has exceeded 5 million users. Additionally, it is now used by 1 million people per week. Thank you very much to everyone who tried it. You made 2023 very special.” said.