Damus, a decentralized social network backed by Jack Dorsey, could be removed from the Apple App Store for allowing payments in Bitcoin. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Jack Dorsey and Tim Cook on Bitcoin
📍Twitter co-founder Jack Dorsey has questioned Apple CEO Tim Cook for not adopting Bitcoin in the company. Via Twitter, Dorsey asked Cook “Why doesn't Apple Pay support Bitcoin?” The question was followed by a post by Dorsey-backed decentralized social network Damus about integrating peer-to-peer payments with Bitcoin into the Apple App Store.
A few weeks ago, Damus had received a notification from Apple indicating that it would be removed from the App Store for violating its terms of service. Apple pointed out the use of “zaps”, a mechanism with which Damus implements payments with Bitcoin and Lightning Network and that users of the social network use to pay for digital content, as a violation of its terms of services.
Although Apple does not allow Bitcoin, its CEO revealed himself as an investor in this cryptocurrency in 2021. In August of last year, Cook said during an interview with The New York Times that he was interesting to buy bitcoins. In 2021 he indicated that he was attracted to new technologies.
The SEC and Bitcoin Spot ETFs
📍Will the US securities regulator approve a Bitcoin ETF in the spot market? According to Hugo Botto, creator of the Healthy Pockets channel, August could be a historic month for Bitcoin and the cryptocurrency industry in general. This is because the United States Securities and Exchange Commission, the SEC, will respond that month to applications for spot Bitcoin ETFs from ARK Invest and 21 Shares.
The SEC will approve or reject applications for Bitcoin exchange-traded funds submitted by these investment firms on August 13, it reported.
This month, fund management giant BlackRock filed a registration application to create a Bitcoin spot ETF in the United States. Reuters reported that Fidelity Investments, which manages more than $4 trillion in assets for its clients, will also file an official application with the SEC to create a Bitcoin exchange-traded fund that tracks the price of the cryptocurrency directly in the market.
Investors bet on the Web3 gaming sector
📍Web3 games attracted nearly $500 million in investments in May. A report published by DappRadar notes that the Web3 gaming sector is gaining more and more attention from investors. This is demonstrated by the monthly figures of the capital that this sector has attracted.
Last May, Web3 games totaled $476 million in investments, the platform indicated. This is 13% more than the investments that were recorded in the month of April, which were $421 million dollars. Compared to the first two months of the year, January and February, investments in the Web3 gaming sector have increased by 305% and 321%, respectively.
Source: DappRadar
According to the report, interest in Web3 games is mainly concentrated in Asia, a region that is increasingly gaining prominence in the crypto/blockchain industry. Governments such as Japan, South Korea, Singapore, the United Arab Emirates, China and the administrative region of Hong Kong are promoting the Web3 development.
Continue reading: Larry Fink, CEO of BlackRock: “Bitcoin can evolve into a global market”
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. 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.
