Several Reddit users are saying that Facebook is hiding their posts with the #Bitcoin hashtag, with the social media giant claiming that this is a security measure to protect users. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 Facebook, the social media giant, has censored the tag # Bitcoin, claiming that it is "a measure to protect the security and integrity of its more than 2 billion users". In a conversation Through the Reddit platform, users began to denounce the block imposed by the social network, stating that Facebook hides all posts containing the #Bitcoin tag. So far, the entity has not issued an official statement explaining the actions, but it did indicate that it is a measure to maintain the security of its user community.
“We want to keep our community safe. Posts with the #bitcoin hashtag are temporarily hidden here. Some content in those posts violates our community guidelines.”
📍 Technology blockchain arrives in Catalonia through the community's Construction Institute. According to a release shared by the Institute of Construction Technology of Catalonia (ITEC), the entity entered into an agreement with Signeblock, a blockchain-based company that will help the entity implement this technology within business certification services. In this way, ITEC will efficiently combat falsifications in business certificates. Likewise, ITEC will make use of the Internet of Things (IoT) to ensure transparency, reliability and traceability in the business certification services issued by manufacturers.
📍 In Venezuela, the Patria platform, which serves as a service for the allocation of subsidies in the country, reported which will integrate the wallets of Bitcoin (BTC) y Litecoin (LTC) to its services. In its official blog, Patria indicates that users will be able to receive remittances in the country's digital currency, the Petro, in addition to the cryptocurrencies, Bitcoin and Litecoin. Users will also be able to exchange between Petro-Bitcoin and Petro-Litecoin pairs and withdraw the funds they have available within these wallets. The platform also announced that it will incorporate commissions for all operations carried out with Petro, Bitcoin and Litecoin, which are updated progressively.
📍 In China, the nation's president, Jinping Xi, published a release where he states that China should take advantage of the current technological momentum and accelerate the digitalization of various fields, including the economic sector, society, and government. The nation's president states that it is necessary for the country to proactively participate in creating the international regulatory framework on central bank digital currencies (CBDC), where China is a key player. Xi also considers it equally important for the nation to participate in the establishment of digital taxes on these new assets.
📍 The price of Bitcoin continues to rise, with a value of $13.760 USD at press time. However, the network was congested over the weekend, with fees reaching as high as $18 USD per transaction. Bitcoin's fee rate over the weekend represents a new 2-year high.
Jameson Lopp, a well-known developer, cypherpunk, and co-founder of CasaHODL, noted that the recent drop in the network’s hash rate is causing active nodes to reach their maximum limit, so low-fee transactions in the mempool are at risk of being stuck, leading users to pay higher commission fees to ensure their transactions are processed. At press time, commission fees are averaging 146 sat/vB.
📍 Justin Sun, CEO of Tron, announced the launch of a blockchain oracle network called JustLink, similar to Chainlink. Sun’s desire to emulate Chainlink seeks the same goals that Chainlink sets itself, connecting real-world data and information to the digital world. According to Sun’s post on Twitter, JustLink allows for bridging “the real and virtual worlds, seamlessly connecting data from two realities and creating an accessible and trusted database.”
The launch of this new oracle network has been the subject of criticism for Sun, who according to several users, is not afraid to copy or directly take advantage of the innovations and names of other successful projects in the crypto space. A Twitter user, under the pseudonym Otoshi, indicates that it is frustrating to see how everything "new" that this character announces is a direct copy of other projects, especially ChainLink itself.
📍 Cardano, an open-source and decentralized cryptocurrency network, is entering the decentralized finance ecosystem (DeFi). On their official blog, the network's developers report that they are adding metadata to transactions to prepare the network to become part of the current DeFi revolution. The network announced the launch of Goguen, which integrates new features to allow Cardano to become a platform for smart contracts, and the integration of metadata into transactions, which will allow Cardano to become an open public service platform for associations, companies and commercial applications to carry out complex operations in the era of decentralized finance (DeFi).
📍 Huawei Mate 40, the new smartphone from the Asian giant, China, adds support for a wallet digital for the digital yuan or DCEP, China's CBDC digital currency. According to the Spanish President Pedro Sánchez’s announcement From tech giant Huawei, the Mate 40 integrates hardware-level security, controllable anonymous protection, and dual offline transactions. The integration of this wallet into Huawei's new line of smartphones will allow for the expansion of the public tests that the People's Bank of China (PboC) is conducting on its currency.
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