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NFT Summer Fest'22

T-Systems MMS Accepts Polkadot and Acquires DOT Tokens

Polkadot, the Parity project’s “blockchain of blockchains” architecture, has cooperated with T-Systems MMS (MultiMedia Solutions), a unit of the German telecommunications behemoth Deutsche Telekom.

According to the statement, T-Systems MMS would “enable secure communication across blockchains.” T-Systems MMS will use its infrastructure to join the Polkadot public blockchain network as a validator. T-Systems MMS has also acquired DOT tokens and will promote interoperability with decentralized blockchain networks based on the Polkadot mainchain.

DOT, the Polkadot network’s native coin, is placed tenth in terms of market value, with a current worth of more than $32 billion. T-Systems MMS did not buy any DOT tokens, according to the release.

The Deutsche Telekom subsidiary will use the Open Telekom Cloud for infrastructure provision and operation. 

According to T-Systems MMS; the OTC satisfies the European legislative environment’s rigorous security and compliance standards, and “the independence of the Open Telekom Cloud supports the decentralization and thus the resilience of the blockchain network.”

2021 Was A Year of Bitcoin Accumulation, With Long-term Holdings Increased by 16%

According to Glassnode’s most recent weekly report; BTC’s short-term supply has decreased by 32% in 2021, while long-term holdings have increased by 16%.

The “short-term holder supply” (or STH supply) is the portion of the circulating Bitcoin supply younger than 155 days.

The BTC “age” is computed by inspecting each currency on the chain and determining when it was last engaged in a transfer.

Coins that haven’t moved in at least 155 days may be classified as “long-term holder supply” (LTH supply).

Top 5 Crypto News: T-Systems MMS Accepts Polkadot UNOIIMFLTJCNZPHLH5TLOZLC2Y | BuyUcoin

The supply of BTC LTH appears to have increased significantly recently, whereas the quantity of STH appears to have decreased.

The graphic also includes two more forms of supply. The first is the “sovereign supply,” the entire quantity of BTC that circulates outside of exchanges, and this measure has reached an all-time high of 16.34 million BTC.

The third signal is the “exchange reserve,” which shows us how much Bitcoin is kept in wallets across all exchanges.

The LTH supply is presently at 13.33 million BTC, up 1.846 million (or almost 16 per cent) in the last year. On the other hand, STH supply has decreased by 32%, or 1.428 million BTC, in the same period and currently stands at 3.01 million BTC.

As the circulating supply has been significantly redistributed from short-term holders to long-term holders, the year 2021 has been one of holding for BTC.

According to the paper, such a tendency is typically witnessed during bad market moments; when weak hands sell-off to strong ones. However, 2021 was different because the year witnessed many ATHs, yet Bitcoin accumulation occurred regardless.

Taiwanese Billionaire and Alibaba Co-Founder Joe Tsai Says, He Likes Crypto

Another significant addition to the ever-expanding army of cryptocurrency supporters: Joe Tsai, executive vice-chairman of the Chinese multinational Alibaba Group; has stated that he is interested in cryptocurrency.

Tsai also owns the Brooklyn Nets wholly. In 2019; he paid a reported $2.35 billion for the NBA club from Russian billionaire Mikhail Prokhorov, a league record at the moment. Tsai is also the owner of the WNBA’s New York Liberty and the National Lacrosse League’s San Diego Seals.

Tsai tweeted unexpectedly on Monday night, “I like crypto.”

Binance CEO Changpeng ‘CZ’ Zhao responded to the tweet immediately, saying, “I like Joe.”

Ethereum 2.0 Is On Its Way, Marking A Watershed Moment for the Market’s Second-largest Cryptocurrency

Ethereum is entering a new age as the Ethereum Foundation unveils its public “Kintsugi merging testnet” and begins its much-awaited upgrade. The switch from proof-of-work to proof-of-stake might cause havoc for the market’s second-largest cryptocurrency.

One of the most eagerly awaited improvements in the cryptocurrency sector is Ethereum 2.0. Ethereum now ranks second among virtual currencies (approximately 480 billion in market valuation); trailing only the crypto monarch, Bitcoin, but its use is not limited to money. Ethereum is also the most popular blockchain for NFTs and trading platforms. 

While Ethereum has several undeniable advantages; such as the ability to store smart contracts in the blockchain and program decentralized applications, it does have a few flaws that the transition to Ethereum 2.0 aims to address; low processing speed (only about 20 transactions can be performed per second; resulting in higher transaction fees for those who are impatient) and an auction system that is still rather basic.

The primary objectives for a merger would thus be to lower transaction costs; reduce transaction processing time, and eventually change this auction mechanism toward price automation.

A Remarkable Year for Luxury Brands Worldiwde, From Sabyasachi x H&M to Fashion NFTs

It was the best of times (Sabyasachi x H&M and Gucci X Balenciaga), and there’s no denying 2021 was one of the most significant years in fashion history. 

Iconic luxury houses celebrated milestone anniversaries, some released video games; and Indian designers practically wrecked the internet (the servers really couldn’t take this H&M collab); but one thing was sure: the hits didn’t stop…

Of course, the first-ever collaboration between an Indian designer – Sabyasachi – and the omnipresent Swedish fast-fashion titans was a big subject all year, and it eventually released buried in the chatter for selling out quicker Yeezys. 

Whatever side of the Sabyasachi X H&M debate you were on as a fashion spectator; there’s no doubt that this collaboration was enough of a game-changer to become a genuine part of the zeitgeist; both for breaking boundaries and for making one of the country’s most elite designers accessible.

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