The Supreme Council of Ukraine, known as the Verkhovna Rada, has approved a bill legalizing the use and trade of bitcoin and other cryptocurrencies on its territory. This and more news is in this handy daily digest so that you are always up to date with the latest events happening within the crypto world.
Bitcoin and Blockchain Adoption
📍Ukraine formalizes the use of bitcoin and other cryptocurrencies and allows legal crypto trading activities. The Verkhovna Rada of Ukraine approved a bill entitled About digital assets, which authorizes the use and trade of bitcoin and other cryptocurrencies in the country. Although Ukraine's law is far from El Salvador's Bitcoin Law, the country is taking an important step towards the adoption of bitcoin and cryptocurrencies, considering the high level of activity that cryptoassets have within its jurisdiction.
El release A report recently shared by the Ministry of Digital Transformation of Ukraine states that 276 deputies voted in favor of the crypto bill. Now, the signature of the president of the European nation, Volodymyr Zelensky, is only awaited for the law to come into force. With this new law, Ukraine will allow the creation and consolidation of a legal market for the development of digital assets. It is important to highlight that the asset declarations from the previous year show that more than 650 Ukrainian officials hold significant investments in cryptocurrencies such as bitcoin, Ethereum y Litecoin, Among others.
📍Chivo is the #1 finance app in the AppStore. Nayib Bukele, president of El Salvador, reported that the digital bitcoin and dollar wallet developed by the State has become the most downloaded financial application in the AppStore; a milestone that it reached in just 8 hours since its official launch, the president reported.
📍The Ezequiel Zamora National Experimental University of the Western Plains (UNELLEZ) will incorporate the Blockchain and Cryptocurrency Engineering degree. UNELLEZ shared a release The announcement was made that the Undergraduate Training Plan (PFG) for the Blockchain and Cryptocurrency Engineering degree is currently being developed. According to the statement, the university is defining the program from its Vice-Rectorate for Infrastructure and Industrial Processes (VIPI) together with the Venezuelan Federation of University Students (FVEU), the Cryptocurrency Enthusiasts Network (REC), among others, to materialize and start the degree next year.
Previously, the University had conducted a public consultation to find out the demand and interest of its students in cryptocurrencies and technology. blockchain.
NFT and DeFi Markets
📍A bug in Opensea accidentally burns 42 NFTs. Ethereum Name Service (ENS) lead developer Nick Johnson warned about a bug in the market NFT Johnson sent one of his NFTs to a burn address, from which it can never be recovered. Like Johnson, 21 other owners were affected by the bug before Opensea developers managed to fix it. The bug destroyed a total of 42 NFTs. The tokens are valued at around 28 ethers, worth close to $100.000 at the current price of Ethereum (ETH).
📍The Bored Ape Yacht Club NFT auction closed with a record $24 million. The “boring apes” project’s collection of non-fungible tokens Bored Ape Yacht Club closed well above its target price of $18 million at Sotheby's. On Thursday, bidding for the project's 101 NFTs ended in 24,3 million, as shown by the British auction house.
Miners
📍Cryptocurrency mining can be considered a business for tax purposes in Russia. According to reported According to Anatoly Aksakov, chairman of the Financial Market Committee of the Russian State Duma, the nation is considering legalizing cryptocurrency mining as an entrepreneurial activity that will be taxed in the country. Aksakov spoke at the Moscow Financial Forum that crypto mining can be treated as a type of entrepreneurial activity, so it is necessary to register it in order to assign it a code that corresponds to it as a type of entrepreneurial activity in order for it to start being taxed.
In addition to this, Aksakov took the opportunity to ask lawmakers to clarify the terms and definitions in relation to cryptocurrencies, digital currencies and central bank digital currency (CBDC). “It is necessary to clearly define the delimitation of these concepts so that there is no confusion.", the official said.
Development and Technology
📍Mina Protocol, the world's smallest blockchain, brings Ethereum's scalability solution, Polygon. The lightweight blockchain, considered the smallest in the world, focused on privacy and driven by its own community, now supports the Polygon scaling network. Via Twitter, the developers of the scalability solution reported that both Mina and Polygon are working to build a bridge that will allow developers to build applications on the Polygon PoS network, taking advantage of the privacy and verifiability offered by Mina Protocol through its protocol based on zk-SNARK.
Mina Protocol confirmed the news by posting on their blog that the integration with Polygon will help provide greater scalability, privacy and verifiability to the protocol, supporting the growth and development of the DeFi ecosystem and economy.
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