Bitcoin education in El Salvador grows 25 times compared to 2021, says the educational project “My First 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.
10.000 children learned about Bitcoin in El Salvador this 2022
📍“My First Bitcoin” educated 10.000 children about Bitcoin in El Salvador this year. The educational project and NGO focused on Bitcoin education has been very active in recent months, bringing the concept and innovation of Bitcoin, the world's strongest cryptocurrency, to 10.000 children nationwide in 2022This is 25 times more than the number of children who learned about Bitcoin through this project in 2021.
According to its projections, “My First Bitcoin” plans to incorporate another 250.000 children and students into Bitcoin education by 2023, which would represent an exponential growth of 2.500% in its educational campaign.
“My First Bitcoin” was born as a free, international educational project focused on educating children about Bitcoin and helping them take their first steps in using this decentralized cryptocurrency. This project is currently being developed in El Salvador, the first country in the world to declare BTC legal tender.
An exponential growth in Bitcoin self-custody
📍According to Glassnode data, 78% of the circulating supply of Bitcoin remains in self-custody. This means that more than 15 million BTC, worth approximately $249.885 billion, are stored in hardware wallets controlled by their owners.
Source: Glassnode
The collapse of FTX has prompted investors to take control of their cryptocurrencies to keep them in self-custody.
“Running Bitcoin”, the event organized by Frank Finney to fight ALS
📍Hal Finney's wife has extended an invitation to the crypto community to join a marathon event against ALS. The event will take place between January 1 and 10 with the aim of raising funds to finance research into ALS, the neuromuscular degenerative disease that took the life of the well-known programmer and Bitcoin pioneer, Hal Finney.
Frank Finney, Hal's wife, tweeted from her husband's official account to extend an invitation to the crypto community interested in participating in “Running Bitcoin.” As reported by this media, Frank reactivated her husband's Twitter account to prevent it from being deleted due to inactivity on the social network. The crypto community was grateful for Frank's actions, as the programmer's account is considered a treasure that holds great historical value.
FTX's 7,6% stake in Robinhood was funded with money from Alameda Research
📍$546 million was borrowed from Alameda to fund FTX's stake in RobinhoodAccording to court documents filed by Sam Bankman-Fried, he and FTX co-founder Gary Wang borrowed funds from Alameda Research to capitalize the firm Emergent Fidelity that was used to acquire a 7,6% stake in the Robinhood platform.
FTX’s Robinhood shares were pledged as collateral for a loan taken out by BlockFi, the cryptocurrency financial services company that filed for bankruptcy last month following the collapse of FTX. Prior to its bankruptcy filing, BlockFi acknowledged having fairly significant exposure to FTX.
Continue reading: HSBC and Fidelity Investments are interested in the Metaverse
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