Nayib Bukele, the president of El Salvador, has said that Bitcoin has been one of the main drivers of international tourism. The country is among the few in the world that has been able to recover tourism to pre-pandemic levels. 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.
El Salvador attributes its tourism recovery to Bitcoin
📍‌According to Nayib Bukele, the tourism boom in El Salvador is largely due to Bitcoin. The president of El Salvador has posted on Twitter that his country is among the few that has been able to recover its tourism to pre-pandemic levels, and this is thanks to Bitcoin. Bukele noted that the world's most important cryptocurrency, legal tender in the country, is among the top 3 drivers of tourism in his country.
According to the World Tourism Organization, El Salvador is the 13th best-performing country in terms of revenue generated by tourism.
8 out of 10 Brazilians know about Bitcoin
📍‌A survey conducted by C6 Bank reveals that 8 out of 10 Brazilians know about Bitcoin. The virtual bank has published the survey results which reveals the high level of knowledge that Brazilians have about Bitcoin and cryptocurrencies. According to the survey, 8 out of 10 Brazilians are familiar with cryptocurrencies such as Bitcoin, the most important in the world by market capitalization.
The survey data also reveals that a small percentage of Brazilians, 24% of respondents, have never had any relationship with crypto assets but consider investing in them as something feasible in the future. It also notes that cryptocurrencies are more popular among male investors, with adults over 60 years old being the least knowledgeable about digital assets.
El Cryptocurrency investor profile in Brazil is similar to that published by the National Securities Market Commission (CNMV) of Spain in a study shared last week. According to C6 Bank, the Brazilian crypto investor is “young and with a secondary education.”
Kevin O'Leary increases his Bitcoin holdings
📍‌The Shark Tank star said he took advantage of the crypto market crash to buy more bitcoins. Kevin O'Leary, who was a Bitcoin critic until last year, said he had bought new bitcoins amid the current volatility in the crypto market. O'Leary reported on his moves during an interview with Stansberry Research, in which he highlighted the need to create an appropriate regulatory framework for the digital asset industry.
In his view, the volatility of cryptocurrencies could be reduced if they are regulated. O'Leary also spoke about the battle between the US Securities and Exchange Commission (SEC) and other regulators to control the crypto industry.
📍‌Meanwhile, The Balance revealed that 40% of US cryptocurrency investors have increased their investment during the bear market. For many Americans, the cryptocurrency bear market has been an opportunity to increase their crypto holdings.
This was pointed out by the results According to a study conducted by the American website The Balance, 39% of American investors have increased their cryptocurrency holdings amid market volatility.
Tiffany's has sold 72% of its NFTs
📍‌Luxury jewelry company Tiffany's has sold 181 NFTs from its NFTiff collection. According to the data From the NFTGo platform, at the time of going to press, Tiffany's has sold 181 of the 250 NFTs in its first crypto collection, aimed at CryptoPunk holders.
The luxury jewelry manufacturer announced its First collection of non-fungible tokens last week, reporting that the 250 NFT tokens offer CryptoPunk holders the ability to exchange NFTiff's NFTs for pendants crafted from gold, diamonds and precious stones, which will be inspired by their respective punk NFTs.
The starting price of these NFTs was 30 ethers, which is around $51.000 at the time of sale. However, at the time of going to press, the minimum selling price of these NFTs has dropped to 24,5 ethers, which is currently worth around $41.160.
Brazil's central bank praises Bitcoin
📍‌The coordinator of the Central Bank of Brazil has said that Bitcoin has been the main catalyst for Web3 innovation. Fabio Araujo has recognized Bitcoin as a financial and technological innovation, with the potential to transform the current system. According to Araujo, Bitcoin, the most powerful blockchain network in the world and the main cryptocurrency in the market by capitalization, is the technology that has given rise to the next generation of the Internet: Web3.
Citi also talks about “The Merge” in Ethereum
📍‌American bank Citigroup has published a report in which it talks about the next major Ethereum update, The Merge, which could reach the mainnet on September 19. According to the bank, the change in consensus on the Ethereum network will have a positive impact on ether, making this cryptocurrency a more valuable and relevant asset for investors; a opinion which coincides with that issued by Bloomberg analysts last week, as reported by this newspaper.
Citigroup argues that ETH will improve its characteristics as a store of value by becoming a more energy-efficient, scalable and deflationary digital asset.
The change in Ethereum's consensus protocol is estimated to reduce the issuance of its cryptocurrency ether by 4,2% annually, the bank said.
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