Uniswap has surpassed $500.000 billion in trading volume since its launch, while El Salvador invests about $25 million in bitcoins. These 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.
Bitcoin and Blockchain Adoption
📍El Salvador adds another 420 bitcoins to its reserves. El Salvador's President Nayib Bukele has reported that another 420 bitcoins have been added to the country's cryptocurrency reserves. At the current price, when Bitcoin has lost 12% of its value since its historical maximum Last week, the new BTC acquired by El Salvador is worth approximately $25 million. To date, El Salvador already has about 970 BTC.
A few hours after this announcement, Bukele said that they were already generating profits with the bitcoins they had just acquired. The Salvadoran president explained that the country’s trust uses bitcoin and dollars, so when the price of BTC appreciates compared to the dollar (USD) as an accounting currency, they can withdraw that additional USD and leave the trust with the same total value. Earlier this month, Bukele reported on the construction of a veterinary hospital, funded entirely with the country’s Bitcoin earnings.
Michael Saylor, president of MicroStrategy and a major Bitcoin advocate and investor, responded to Bukele's post pointing out that every day was a good day to invest in the world's leading cryptocurrency; referring to the recent correction in the price of BTC.
NFT and DeFi Markets
📍Uniswap, the largest DEX in the DeFi ecosystem, surpassed $500.000 billion in trading volume. Uniswap developers and the crypto community are celebrating one of the biggest milestones ever achieved in the industry. Uniswap, the DEX largest and most used in the ecosystem DeFi, surpassed $500.000 billion in trading volume since its launch in 2018. Through Twitter, the developers of the decentralized exchange reported on the protocol's new milestone, thanking its community of users for their trust and support.
Uniswap highlighted that users are increasingly valuing decentralization, transparency, autonomy and security, and that they owe this to having achieved this new milestone in the industry.
CBDC and Central Banks
📍The European Central Bank (ECB) is preparing to develop its own CBDC digital currency. Focused on the creation of a digital euro, the European Central Bank has assembled a group of professionals and experts who will provide advice on the development of its future central bank digital currency or CBDCAccording to the entity, representatives of companies and businesses from different areas such as BBVA, CRIF and Stripe, along with 27 others, will form its group of advisors to bring the digital euro to life.
The ECB published a Press release The group of selected advisors has extensive experience and a track record in the traditional financial industry and blockchain, and will guide the Eurosystem in the design, development and distribution of a digital euro.
Development and Technology
📍Asian bank DBS Bank joins Hedera's Board of Directors. La blockchain The public blockchain governed by organizations and companies, Hedera Hashgraph, has integrated a new entity into its Governing Council. Singapore-based DBS Bank is the new member of Hedera's governance council, the blockchain developers reported through a statement. releaseDBS Bank, which is already experienced in the blockchain world, will operate a node within Hedera and will have voting and governance rights to influence the development and upgrades of this network over the coming years. Jimmy Ng, CIO and CTO of DBS, said that joining the Hedera Governing Council will help them continue to collectively unlock the vast potential of blockchain technology.
Hedera’s Governing Council is comprised of 39 educational organizations, non-profits, technology companies, and more, including DBS Bank, IBM, Google, the University of London, LG Electronics, and many others.
Rules and Regulations
📍Panama is ready to study the regulation of cryptocurrencies. The National Assembly of Panama reported on Twitter that a subcommittee of deputies will begin to analyze the regulation of cryptocurrencies in the country. According to the releaseThe work of the deputies of the subcommittee will be to unify criteria in two bills for cryptocurrencies, which promote technological and financial innovation of crypto assets to create a new digital economy, as well as evaluate the pros and cons of crypto regulation.
Continue reading: US regulators urge banks to carve out a role within the crypto and blockchain ecosystem
