Crypto News Roundup for December 3, 2023

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3 Dec 2023
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The crypto world is never boring, and today is no exception. Here are some of the most exciting and important news stories that happened in the crypto space on December 3, 2023.


Adidas Enters the Metaverse

Adidas, one of the world’s leading sports brands, has announced its entry into the metaverse, a virtual reality where people can interact with each other and digital assets. Adidas has partnered with several crypto projects, such as The Sandbox, Bored Ape Yacht Club, and Gmoney, to create its own digital experiences and products.

According to Adidas, its vision is to “empower creators, enable communities, and redefine the future of sport”. The brand has also launched its own NFT collection, called Adidas Originals, which features 30,000 unique digital sneakers that can be used in various metaverse platforms.

Adidas is not the only mainstream brand that is exploring the metaverse. Nike, Coca-Cola, and Marvel are some of the other examples of companies that are tapping into the potential of this new frontier.


Banksy Painting Turned into 10,000 NFTs

A painting by the famous anonymous street artist Banksy, titled “Love is in the Air”, has been split into 10,000 NFTs, each representing a pixel of the original artwork. The project, called Fractionalized Banksy, is an experiment that aims to democratize art ownership and challenge the traditional notions of value and authenticity.

The painting, which depicts a masked protester throwing a bouquet of flowers, was sold for $12.9 million at an auction in May 2021. The buyer, who remains anonymous, decided to fractionalize the painting and sell the NFTs for $1,500 each, giving anyone the opportunity to own a piece of Banksy’s art.

The project has raised some controversy, as some critics argue that it destroys the originality and integrity of the painting, while others question the legality and morality of the process. However, the project also has many supporters, who see it as a way to make art more accessible and inclusive.


Bitcoin Available to 200 Million Brazilians

Bitcoin, the largest and most popular cryptocurrency, has become available to more than 200 million Brazilians, thanks to a partnership between Bitso, a leading crypto exchange in Latin America, and Nubank, the largest digital bank in the region.

The partnership allows Nubank customers to buy, sell, and hold Bitcoin directly from their bank accounts, without the need for a separate crypto wallet or platform. The service is powered by Bitso Alpha, a professional-grade crypto trading platform that offers high liquidity and security.

This is a major milestone for the adoption of Bitcoin and crypto in Brazil, which is one of the largest and most dynamic economies in the world. According to Bitso, Brazil has more than 1.4 million active crypto users, and the demand for Bitcoin and other digital assets is growing rapidly.


Crypto Donations Surge in 2023

Crypto donations have surged in 2023, as more people and organizations choose to support causes and charities with digital currencies. According to The Giving Block, a platform that facilitates crypto donations, the total amount of crypto donated in 2023 has surpassed $100 million, which is more than 10 times the amount donated in 2020.

Some of the factors that have contributed to the rise of crypto donations are the increased awareness and adoption of crypto, the tax benefits of donating crypto, and the social impact of crypto projects. Some of the most popular causes that receive crypto donations are environmental, humanitarian, educational, and health-related.

Some of the examples of crypto donations that made headlines in 2023 are:

  • Vitalik Buterin, the co-founder of Ethereum, donated $1 billion worth of Shiba Inu (SHIB) tokens to the India Covid Relief Fund.
  • The Pineapple Fund, a mysterious crypto philanthropist, donated $55 million worth of Bitcoin to various charities, including the Internet Archive, the Electronic Frontier Foundation, and GiveDirectly.
  • NFT artist Beeple, who sold his digital artwork for $69 million, donated $6 million worth of Ethereum to the Open Earth Foundation, a non-profit organization that works on climate change solutions.



Conclusion

These are just some of the crypto news stories that happened on December 3, 2023, but there are many more that are worth following. The crypto space is constantly evolving and innovating, creating new opportunities and challenges for investors, developers, users, and enthusiasts.

If you want to stay updated on the latest crypto news, trends, and analysis, you can visit my profile in , bulbapp.io, where I provide you with the most relevant and reliable information on the crypto world.

I hope you enjoyed this crypto news roundup, and I look forward to seeing you again next time.
If you enjoyed this article, please like, comment, and share it with your friends and family. Also, don’t forget to subscribe to me for more crypto news and updates. Thank you for reading. Until then, happy crypto! 🙃




📌Sources


  1. 20 New Cryptocurrency to Buy in December 2023 - Latest Crypto News today. CryptoNews.
  2. News Roundup - CoinDesk.
  3. Crypto News, Dec. 3: Exciting Things Are Happening! CoinMarketCap.
  4. 16 New Crypto Launches to Invest in December 2023. CryptoNews.
  5. 10 Best Cryptocurrencies Of December 2023 - Outlook India.



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