El Salvador inaugurates its first veterinary hospital Chivo Pets, funded entirely with profits generated from investing in Bitcoin. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Chivo Pets, the first veterinary hospital financed with Bitcoin in El Salvador. Salvadoran President Nayib Bukele announced the inauguration of the first Chivo Pets veterinary hospital financed with the cryptocurrency leader in the world, Bitcoin. During a broadcast, Bukele announced that the veterinary hospital will officially open its doors on February 26. The consultation at Chivo Pets will cost 0,25 dollars (25 cents) that can be paid in bitcoins through Chivo Wallet or in fiat currency.
The veterinary hospital is equipped with consulting rooms, emergency units, operating rooms, rehabilitation areas, isolation areas, hospitalization areas, recovery areas, and grooming areas. In addition, Chivo Pets has office spaces, classrooms, a pharmacy, coworking spaces, and even an auditorium. The construction of this veterinary hospital, the first in the country, began 5 months ago and was fully financed with the profits obtained by El Salvador from its investment in Bitcoin.
Mexican Senator Indira Kempis recently said that an unprecedented dose of future is brewing in El Salvador, with Bitcoin as its flagship.
📍BNY Mellon, with over $370.000 billion under management, joins Chainalysis to ensure security and trust in crypto transactions. US bank BNY Mellon has teamed up with blockchain intelligence firm Chainalysis to integrate its tracking and surveillance tools into cryptocurrency transactions. BNY Mellon, which announced the launch of a multi-asset digital platform last year, said the partnership will provide security and confidence to its investors interested in crypto assets.
Chainalysis' analytics tools are part of the bank's strategy to develop new services focused on offering exposure to cryptocurrencies, the bank said.
Metaverse and Play yo Earn
📍Digital real estate sales on Webbland increased by 126% in the last week. El metaverse Blockchain-based Webbland has seen a lot of interest from investors, who have purchased several digital real estate properties within its platform at prices comparable to real-world properties.
In the last week, the Webbland platform recorded real estate sales totaling $3,6 million. Webbland has sold 7 virtual penthouses, in the format NFT, each valued between $130.000 and $220.000.
Rules and Regulations
📍Brian Brooks warns of the European Parliament's intentions to ban cryptocurrencies based on the Proof of Work (PoW) protocol. El Former US Comptroller General of the Currency Brian Brooks called on the crypto community to remain vigilant and speak out against the European Parliament's intentions to ban the use of cryptocurrencies mined under the PoW or Proof of Work consensus protocol by 2025.
If the European Commission and Council approve the proposal put forward by Parliament, it would spell the end of the crypto industry in Europe, said Unstoppable Finance strategist Patrick Hansen.
📍Vitalik Buterin speaks out against Russia's actions to attack Ukraine. Ethereum co-founder and developer Vitalik Buterin took to Twitter to speak out against Russian President Vladimir Putin's actions of invading Ukrainian territory with military troops.
Buterin wrote that he was upset that Russia abandoned the possibility of reaching a peaceful solution with Ukraine and went to war instead. The Ethereum developer reminded the crypto community that this is his personal opinion and that the Ethereum blockchain is completely neutral in the face of these developments.
📍The Chinese government continues its fight against cryptocurrencies. China's Supreme Court has modified criminal law to allow courts to sentence those who raise public funds through cryptocurrencies to jail. In its fight against the crypto industry, China has already banned the use, trade and investment of cryptocurrencies, as well as the mining of these digital assets within its territory.
Now, to further tighten its regulation against crypto assets, the amendment to the criminal law, which will come into effect from March 1, will make fundraising through crypto assets illegal. Those who violate the law could receive sentences of up to 10 years in prison, the statement issued by the Supreme Court said.
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