The world's largest company, Apple, is hiring a general manager of alternative products with extensive experience in cryptocurrencies; while Iran completely bans bitcoin mining for the next 4 months. This and more news in this handy daily summary so you are always informed with those most recent events that happen within the crypto world.
Cryptocurrencies and altcoins
📍The price of Bitcoin (BTC) recovers briefly, reaching a value of 40.800 dollars per unit in the morning hours of this Wednesday, although at the close of this edition, it is trading in the $38.000.
Meanwhile, several altcoins These are green numbers, driven by the recovery of Bitcoin. At the time of writing this note, ETH, BNB, ADA, DOT, UNI, LTC and THETA show a recovery of between 5% and 10% of its value. On the other hand, MATIC and LINK have recovered more than 18% in the last few hours.
Bitcoin and Blockchain Adoption
📍Apple, the largest company in the world by capitalization, is beginning to become interested in cryptocurrencies. This Wednesday, Apple published a Spanish President Pedro Sánchez’s announcement to hire a cryptocurrency expert to join your team as the new “Business Development Manager to lead the Alternative Payments associations.” The company specified that it is looking for a professional with experience in the development of emerging and global alternative payment solutions.
📍Bitcoin May See the Arrival of Another Big Billionaire and Crypto Skeptic. According to Michael Saylor, CEO of MicroStrategy, Carl Icahn, the American businessman, investor and billionaire, founder of Icahn Enterprises and well-known bitcoin skeptic, says he “wants to get into cryptocurrencies in a big way.”
📍Paypal integrates a new function that will allow its users to withdraw their cryptocurrency funds to third-party wallets. The electronic payment services company, which integrated cryptocurrencies a few months ago, is advancing in the development of its services and solutions. According to informs Reuters, Paypal will soon allow its users to withdraw their crypto assets to addresses in wallets or Wallets from third parties, a function that was not available to Paypal users, who could manage and withdraw their funds only within the platform.
📍El Meltwater Champions Chess Tour It becomes the first online chess tournament that will award prizes in Bitcoin (BTC). El event's audience which began this week, and where 16 chess masters participate, will distribute nearly $300.000 in cash and bitcoin prizes. According to the announcement, the winner will receive 2,18 BTC, which is currently valued at $84.300, based on the price of the cryptocurrency at the time of writing. However, the tournament ends next Monday, May 31, so the price of the prize in Bitcoin may vary.
NFT and DeFi Markets
📍Lohko, a cryptocurrency service provider, He launched the first NFTs backed by physical gold on the OpenSea marketplace. The company reported that its NFT, based on the Ethereum blockchain, represent ownership over real gold bars, which are in the custody of the Bullionstar firm in Singapore.
“Each NFT gold bar comes with a guarantee that the owner of the gold NFT has all legal rights to redeem the physical gold bar connected to the Gold NFT.”
📍Associated Press celebrates 175 years of photojournalism with the release of 10 exclusive NFTs. The oldest news agency in the United States is throwing a collection of NFTs with the most memorable and recognizable photographs in history. The collection of 10 non-fungible tokens is available on the NFT marketplace OpenSea, where it is auctioned for over 1 ETH, approximately $2.780 at press time.
Miners
📍The web portal taproot.watch shows that more than 97% of Bitcoin miners support Taproot activation. To date, virtually all miners operating on the Bitcoin blockchain are in favor of activating Taproot, a solution that will provide greater privacy, scalability and performance to Bitcoin, by improving its ability to allow the creation of smart contracts complex, and integrate the firms Schnorr within the network protocol.
📍El Bitcoin Mining Council promotes greater transparency for cryptocurrencies, helping to mitigate the hostile media narrative against Bitcoin and crypto assets. Michael Saylor, CEO of MicroStrategy and co-founder of the Bitcoin mining council, reported that the organization will help promote greater transparency about the actual energy consumption of Bitcoin and cryptocurrencies, as well as the use of clean and renewable energy. This is with the aim of mitigating negative propaganda from the media and banks against cryptocurrencies.
Rules and Regulations
📍In Spain, the Finance Commission of the Congress of Deputies approved the new Bill against Fiscal and Tax Fraud with cryptocurrencies and digital assets. La new law obliges companies and people that provide cryptocurrency services to report on the holdings and financial movements of their clients and users with these digital assets. This week, the Spanish Ministry of Finance reported that the new law is approved as a mechanism against fraud and tax evasion associated with “new technologies.”
📍On the other hand, the Spanish Ministry of Economic Affairs announced that it will implement blockchain technology to optimize stock market operations. According to reported According to the ministry, the idea is to begin to decentralize accounting databases, to provide greater confidence and transparency in operations, reducing dependence on centralized third parties. In Spain, a regulatory sandbox led by the General Secretariat of the Treasury and International Financing of the country, which already supports 18 projects based on blockchain and new technologies.
📍In Nebraska, the Nebraska Financial Innovation Bill was approved by state regulators and converted into law this Wednesday. With the approval of this new law, the state of Nebraska allows banks and financial institutions to provide services as custodians of cryptocurrencies and digital assets under a legal statute. As the LegiScan web portal shows, the bill was approved with 46 votes in favor and 2 against.
📍Iran speaks out against mining again, and prohibits this activity until next September. The government of the Islamic country announced this Wednesday that it will impose a total block on Bitcoin mining activity. According to the report From Bloomberg, the blockade will last the next 4 months. With this, Iran seeks to minimize energy consumption to stabilize supply and distribution in the country during the summer.
IMPORTANT: Bit2Me News reminds you that before making an investment you must educate yourself and know where you invest your money, as well as the pros and cons of the system. Everything written here is for informational and educational purposes and should not, under any circumstances, be taken as investment advice or recommendations. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
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