WAO ART #294

Bitcoin's price has surged to over $41,000 for the first time in 18 months, causing a shake-up in the derivatives market and leading to $190 million in liquidated positions. This rise has also boosted Bitcoin's market dominance to 50.5%, showing that it is outperforming other cryptocurrencies.

Jazwares, a global toy company, has acquired Big Balloon, a leading toy distributor in Australia. Big Balloon has been a key player in the Australian toy industry for over 12 years and has a strong network of partnerships with major and independent retailers.

Kazakhstan's Kazbeef, rTek, and EcoBalance Global have agreed to launch a pilot ranch in Kazakhstan that will produce climate-smart beef using carbon insets, blockchain technology, and third-party validation. The project aims to demonstrate the world's first carbon-inset beef supply chain.

US Space Force Major Jason Lowery has written a letter to the Defense Innovation Board, arguing for the strategic use of Bitcoin and similar proof-of-work systems. He believes that Bitcoin has the potential to improve the resiliency, effectiveness, and transparency of the US military.

Nayib Bukele announced on Twitter that the recent rally in Bitcoin's price has pushed the country's BTC holdings into profit. At the current market price, El Salvador would make a profit of around $3.6M if it were to sell its holdings, but Bukele stated that the country has no intention of selling.

Trezor, a leading cryptocurrency hardware wallet provider, has launched the Trezor Academy in Africa to promote Bitcoin education. The academy aims to expand its educational program to over ten African nations by 2024, following its success in Ghana and Nigeria.

Crypto.com has received an Electronic Money Institution license from the UK's Financial Conduct Authority. This license allows the crypto platform to issue and manage electronic money and offer a wider range of financial services in the UK.