This Week In Crypto | 10th June 2022

by Emmanuel Ademakin | Jun 10, 2022 | News | 0 comments

Hello everyone!

Welcome to another episode of crypto weekly, where you get updated on the major events shaking the cryptoverse over the past few days.

On today’s episode of crypto stories and happenings, we bring you the following:

Jack Dorsey and JAY-Z Launch Bitcoin Education Course in Brooklyn, New York.

Dogecoin Price Returns to 2017 Peak Levels.

Mastercard announces new crypto partners for its NFT payments service.

Let’s jump right in,

1. Jack Dorsey and JAY-Z Launch Bitcoin Education Course in Brooklyn, New York.

Block CEO Jack Dorsey has teamed up with Jay-Z, the famous hip-hop artist to fund Bitcoin education for Brooklyn, the artist’s hometown.

They intend to educate the residents of Brooklyn, New York on why they should have knowledge of cryptocurrency using a series of free classes on the subject.

The program is titled “The Bitcoin Academy” and will be led by Najah J. Roberts of Crypto Blockchain Plug, and “Black Bitcoin Billionaire” Lamar Wilson.

Also, the program will provide empowerment for communities through knowledge, breaking down the informational barrier to entry for the area’s residents according to the Academy’s website.

These classes will run from June 22nd to September 7th, and will be a combination of online and in-person, with dinner provided for the participants.

There will be offers such as free MiFi devices, one-year data plans, and smartphones to those who attend, and for the residents to keep after the program.

A “Crypto Kids Camp” program will be held over the weekends, for kids between 5 to 17 years. The intent of the program is to expand to other neighborhoods in the near future.

2. English Premier League Files Crypto and NFT Trademarks.

Two cryptocurrencies and NFT trademarks have been filed by the English Premier League (EPL) in the U.S.

These trademarks were filed with the United States Patent and Trademark Office (USPTO) last week and brought to light in a tweet by licensed trademark attorney Michael Kondoudis on the 6th of June 2022.

The scope of the trademark filings are expansive, and cover the creation and sale of digital assets, virtual clothing, cryptocurrencies, and media files verified by NFTs.

They also include the use of Premier League trademarks in “virtual, augmented, and mixed reality software.”

Application of digital currencies is increasing steadily in the world of sports, especially among football clubs.

Last month, Arsenal announced a partnership with Unagi as part of their free to play game where player cards could be purchased as NFTs.

Users will be allowed to keep player cards as collectables, sell them on an open market for in-game currency or trade the cards with other players.

This could be a sign of what’s to come in the future for the Premier League for it’s fans.

3. Qatar Airways “The metaverse will empower human beings”.

On Tuesday, Qatar Airways announced the launch of its first metaverse experience, QVerse.

This virtual reality platform will allow interested parties to virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (HIA).

However, according to the company’s statements to Cointelegraph, QVerse is merely the company’s first foray into the metaverse.

The company said that it intends to expand its virtual environment initiatives and believes that the metaverse is part of the future of human relations.

The entry into the metaverse reflects its passengers desire for “immersive content that can empower their decision-making before buying a ticket, and are often eager to discover the aircraft they will fly”, according to the company.

It also highlighted its plans to add more functionalities, places and interactions to its metaverse platform, and aims to make the experience sociable and accessible through the Oculus Quest VR platform.

The company intends as well to include the purchase of tickets for physical flights and the choice of seats on real aircraft through the metaverse.

They also noted that actions in metaverse gateways like Decentraland and The Sandbox may occur in the future.

4. Dogecoin Price Returns to 2017 Peak Levels

Dogecoin seems to be journeying towards its 2017-2018 peak levels, according to David Gokhshtein, CEO of Gokhshtein Media.

At the time of this publication, Dogecoin was trading marginally up at $0.08.

The meme cryptocurrency is down 89.17% from its all-time highs in 2021, however a rundown of its price history might be necessary to get a grasp on how the meme cryptocurrency has performed over the years.

The coin’s first astounding price rally occurred in early March 2017, when the crypto market saw a significant increase in retail investment for the first time, causing alternative cryptocurrencies, otherwise referred to as altcoins, to rally significantly.

It rose more than 1,890% within 70 days, climbing from initial levels of $0.00021 to $0.0042 on May 21.

The market cap subsequently rose to $423 million.

Shortly after, during a two-week market correction that hit all cryptocurrencies, Dogecoin fell 75%.

From 1st – 7th January 2018, Dogecoin surpassed $0.02, a 380% increase over the previous peak. Its market capitalization jumped nearly four times to $1.6 billion at the time.

However, this was only temporary, as the price plummeted by nearly 70% to $0.0047 in just eight days.

Dogecoin fanfare took off in 2021, causing high-profile celebrities such as Tesla CEO Elon Musk, Mark Cuban and others all jumping on the DOGE bandwagon.

Aside from a few brief periods, such as trading around $0.02 in 2018, DOGE’s price largely traded below the $0.01 price point for much of its existence.

In 2021, Dogecoin rose to all-time highs of $0.74 in May and has declined nearly 90% since then.

At the time of this publication, Dogecoin is the 10th largest cryptocurrency with a market valuation of $10.57 billion.

5. Warner Bros Joins Hands With Nifty To Launch Looney Tunes NFT

Warner Bros. has announced its collaboration with non-fungible token (NFT) with Nifty.

They have decided to launch the NFT in celebration of the 80th anniversary of Looney Tunes.

These Looney Tunes NFTs would be fresh addition to the NFT world which have been on the rise of late.

The partnership with Nifty will be due at the end of this month.

Warner Bros. has taken a special way to bring the NFT into the fore which is by displaying a story-based non-fungible tokens collection titled “Looney Tunes: What’s Up Block?”.

It will portray a special tale of Looney Tunes encompassing the storyline along with which it shall also celebrate the character Tweety’s 80th anniversary.

The players will be able to collect and then take part in the various range of activities and at the same time earn new and exclusive rewards.

The first snapshot of these NFTs will be made visible in the mid of this month, after which both the pre-sale and public sale are scheduled for June 20th and 21st respectively.

6. Mastercard announces new crypto partners for its NFT payments service

Mastercard has announced plans to widen access to the non-fungible token (NFT) market through the use of card payments.

In a blog post published on June 9, Raj Dhamodharan, an executive vice president of Mastercard, said it had partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay to enable NFT commerce.

Mastercard is already working with Coinbase to support cash payments on its recently-launched NFT platform.

Visa as well is also looking closely looking at the NFT market after buying a CryptoPunk late last year.

MoonPay has also been offering an NFT payments service for its partners since January.

Dhamodharan said in the blog post, that a recent Mastercard survey of more than 35,000 people across 40 countries found that 45% of respondents has bought an NFT or would consider doing so, and that around half wanted more flexibility in payment methods.

“Overall, these integrations are designed to make crypto more accessible and help the NFT ecosystem keep growing, innovating and bringing in more fans,” he said.