El Salvador has put the word “Bitcoin” on the lips of all financial representatives who attended the summit of 44 countries last week, to discuss the adoption of Bitcoin and other issues of common interest. 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
📍Financial representatives from 44 countries shouted Bitcoin! on his last day in El Salvador. The Latin American country, known in the crypto world for being the first to make Bitcoin its legal tender, hosted one of the most important events of the moment. The summit of the 44 countries was held last week in El Salvador, bringing together central bankers and financial representatives from 44 countries around the world, including Africa, Asia, the Middle East, the Caribbean and Latin America.
During the 3-day event, the central bankers discussed various topics, including the adoption of Bitcoin in the country and its contributions to the national economy.
Nayib Bukele, President of El Salvador, who was tweeting about the event, said that this was a unique opportunity to spread the Bitcoin seed around the world. The Salvadoran president also said that the central bankers enjoyed learning and interacting with the cryptocurrency during their stay in the country.
NFT and DeFi Markets
📍Do Kwon denies rumors of tax evasion in South Korea. The founder of the Terra ecosystem, Do Kwon, has denied the rumors of an alleged $78,5 million debt owed by Terraform Labs in South Korea. According to the blockchain developer, the company behind the development of Terra, Terraform Labs, has no outstanding tax obligations in the country.
Rumors began to spread after the debacle suffered by UST and LUNA, the two most important cryptocurrencies in this blockchain ecosystem, two weeks ago.
Cybersecurity
📍The Twitter account of Mike Winkelmann, known as Beeple, was hacked. Two phishing websites were posted on the Twitter account of one of the industry's highest-paid crypto artists, Beeple, to steal funds from unsuspecting users, MetaMask cybersecurity researcher Harry.ETH reported.
To date, both malicious websites have stolen 98 ethers, worth approximately $197.000. In addition, 37,5 wETH and 45 NFTs, totaling more than $240.000.
Harry.ETH advised the crypto artist's followers on the social network to wait for the account to be secure and for Beeple to confirm on other social platforms that he has regained full control of it.
Rules and Regulations
📍The president of the European Central Bank will support the digital euro. Although Christine Lagarde, president of the European Central Bank (ECB), has said that cryptocurrencies have no value, she will guarantee the issuance of a CBDC digital currency for the digital euro.
Lagarde noted during her attendance at the College Tour that the lack of underlying assets in cryptocurrencies means that they have “no” value. However, she also indicated that, in reference to the digital euro, it will be the central bank that will support the issuance of this currency, highlighting this as the major difference with cryptoassets.
📍A bill implementing Bitcoin into 401(k) retirement plans reaches Congress. American financial advisor and politician Byron Donalds, a member of the US House of Representatives, has introduced a bill to include the industry's most important cryptocurrency, Bitcoin, within the retirement plans of Americans.
The bill, which has the support of other members and representatives, seeks to protect the right of American workers to invest their paychecks wherever they choose, even if it means acquiring bitcoins.
At the end of April, the United States Department of Labor issued a statement on the risks that the inclusion of Bitcoin in retirement plans may represent. This follows the offer that the firm Fidelity Investments is making to thousands of companies in the country to add Bitcoin to the retirement plans of their employees and workers.
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