Jayson Stewart, mayor of the city of Cool Valley in Missouri, United States, has plans to give away up to $1.000 worth of bitcoins to citizens to HODL for about 5 years. 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.
Bitcoin and Blockchain Adoption
📍In Cool Valley, Missouri, Mayor Jayson Stewart plans to give bitcoins to his 1.500 citizens. According to reported the mayor of Cool Valley, the citizens of this town could receive from 500 to 1.000 dollars in bitcoins, from very caring donors. Stewart spoke about the donations at the cryptocurrency as a long-term benefit that will transform the lives of residents. So if they carry out their plans, citizens will have to HODL the cryptocurrency and they won't be able to sell for the next 5 years. Stewart hizo reference to the rapid valuation of bitcoin on the market, which made many of his friends “millionaires” in just a few years.
“I have friends whose lives have completely changed, like going from having a regular nine-to-five job to being worth over $80 million in a few years.”, said the mayor.
📍Universities in Colombia and Venezuela join the crypto and blockchain education movement. The Universidad del Rosario (Colombia) and the Universidad Católica Andrés Bello (Venezuela) will train their students in the areas of Blockchain and Cryptocurrencies. The vision of both universities is to educate about the potential offered by these new disruptive technologies. In Venezuela, the Universidad Nacional Experimental de los Llanos Occidentales Ezequiel Zamora (UNELLEZ) published a open consultation to find out the opinion of its students about including the Blockchain and Cryptocurrency Engineering degree in its Vice-Rectorate for Infrastructure and Industrial Processes (VIPI).
NFT and DeFi Markets
📍Tron founder Justin Sun invests over half a million dollars in a digital rock. Via Twitter, Sun posted that he had purchased a NFT of the EtherRocks project for $611.000, something that many in the crypto community strongly criticized for being a project without purpose.
According to the EtherRocks price portal, the project's NFTs sell for a minimum of 250 ether, valued at around $815.000 according to the cryptocurrency's price at the time of writing.
CBDC and Central Banks
📍In China, the Central Bank is rolling out its CBDC to over 30 commercial banks in the country. Local media in China they report that around 35 commercial banks are already integrating the CBDC The digital yuan will be launched in the country through various applications and services, to continue developing pilot tests for this digital currency before its official launch next year. It is also estimated that around 94 commercial banks intend to access the digital yuan's digital interconnection platform through the City Bank Clearing platform, built by the technology provider City Commercial Bank.
Miners
📍BlackRock invested $383 million in shares of Marathon Digital Holdings and Riot Blockchain. According to BlackRock's filing with the U.S. Securities and Exchange Commission (SEC), the world's largest investment management company invested a total of $383 million in shares of crypto mining companies Marathon and Riot Blockchain. According to Forbes, the presentation The June 30 report shows that BlackRock, with more than $9 trillion under management, increased its stake by 6% in Marathon Digital Holdings and 6,61% in Riot Blockchain. Also, Fidelity Group disclosed its holdings in cryptocurrency mining companies.
Cybersecurity
📍Luna Yield, the new DeFi rugpull, steals $7 million from users and investors. The protocol DeFi built on Solana disappeared along with the developers and $7 million deposited by investors and users. The protocol's website and its social networks they disappeared. SolPAD, the Solana launchpad, reported who have not yet been able to contact the Luna Yield developers, who have withdrawn all deposited liquidity. The platform is tracking the addresses of the Luna Yield team and announced that it will refund 60% of the remaining tokens purchased to users.
Rules and Regulations
📍The president of the Central Bank of Brazil agrees to regulate the crypto industry in the country. Roberto Campos Neto, president of the Brazilian Central Bank, said that regulators need to adapt existing regulation and standards to align with the crypto industry, which is bringing about momentous changes in the global financial system. Campos Neto, known as a cryptocurrency advocate, also spoke about the digital currency project for Brazil and the creation of highly transparent and efficient payment networks based on blockchain.
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