USL defender Alex Crognale becomes the first professional in the league to receive his salary in Bitcoin, while Cardano launches its first NFT marketplace. 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.
Cryptocurrencies and altcoins
📍Alex Crognale becomes the first USL player to receive his salary in Bitcoin. The professional soccer player from the United Soccer League (USL) reported this on his Twitter account, where he shared an image of himself edited with laser eyes and a Bitcoin ball.
Crognale reflected on Bitcoin (BTC) During the Covid pandemic, he became convinced of the importance of BTC as an alternative monetary system. The footballer assured that Bitcoin has become a form of sound money, which has the ability to protect his purchasing power and preserve his wealth in the future.
📍Transactions on Polygon drop by 50% as gas fees rise According to data According to Polygonscan, the daily transaction volume on Polygon has decreased considerably in recent days. At the beginning of this month, the transaction volume on Polygon was over 6 million per day, while at the time of writing this article it has fallen to 2,9 million daily transactions. According to explained According to crypto blogger Wu Blockchain, the increase in gas fees on the Ethereum scalability network is what is causing the decrease in transaction volume. As reported, Polygon has increased the Gas rate from 1 Gwei to 30 Gwei.
Bitcoin and Blockchain Adoption
📍Big banks are increasingly moving closer to the world of cryptocurrencies. SoftBank and Wells Fargo, two of the largest traditional banks in the United States, participated in Elliptic's $60 million funding round. The blockchain intelligence, analytics and compliance firm shared a release Elliptic reported on the participation of banks. Elliptic also noted that the round was led by the firm Evolution Equity Partners, and that Japan's SBI Financial Group also participated.
📍Novi engineers leave Facebook and join Andreessen Horowitz. The venture capital firm has hired two of the software engineers from Novi, the digital wallet developed by Facebook. Andreessen Horowitz, also known as a16z and one of the founding members of Facebook's cryptocurrency project Diem, reported Nassim Eddequiouaq and Riyaz Faizullabhoy will join a16z’s crypto division as chief information security officer (CISO) and chief technology officer (CTO), respectively.
A16z explained that the hiring of these two engineers will strengthen its portfolio of services and help scale its work in the crypto industry and in building the web3.
📍Jamie Dimon says cryptocurrencies cannot escape government regulation. JPMorgan CEO Jamie Dimon, a well-known detractor of Bitcoin and cryptocurrencies, said that cryptocurrencies and blockchain technology will be regulated by the government, and that just because they are new technologies doesn't mean they can escape this reality. “No matter what the people in the room think, or what the libertarians think, or what anyone else thinks about it, the government is going to regulate it,” Dimon said.
The CEO of JPMorgan, one of the oldest banks in the world, also reaffirmed his rejection of Bitcoin, the cryptocurrency he has called “fool's gold” and a “terrible store of value,” but which the bank offers to its clients legitimately. Despite Dimon's questions about Bitcoin and cryptocurrencies, the demand from JPMorgan clients for BTC has grown exponentially, so the bank had no choice but to offer exposure to this crypto asset. Likewise, several analysts at the financial company have also expressed some optimism towards BTC. In April, the bank's analysts said that BTC's volatility had fallen by more than 80% and that this crypto asset is considered by investors to be a better store of value than traditional gold.
Messari founder Ryan Selkis took to Twitter to compile all of Dimon's negative comments about Bitcoin and contrasted them with the cryptocurrency's impressive appreciation in recent years.
NFT and DeFi Markets
📍The international humanitarian organization Doctors Without Borders received a million-dollar donation from the sale of NFTs. According to reported The organization via Twitter, Doctors Without Borders Australia received the largest cryptocurrency donation ever made. Through the platform The Giving Block, MSF received $3,5 million in ethers, proceeds from the sale of digital art on NFTThe donation was made by the Generative Art and Art Blocks communities, the organization explained.
Development and Technology
📍Cardano launches its first NFT marketplace. Berry Pool developers on Cardano announced the successful launch of SpaceBudz, the first NFT marketplace based on the Cardano blockchain. Cardano. As the development team explained, this is the first marketplace based on smart contracts within this blockchain. Although the NFT market is still in its experimental phase, this is a major milestone for the network, which is the first scientific blockchain in the crypto world.
📍The Autonomous Community of Murcia will participate in a European project to apply blockchain in administration. The civil servants of the Autonomous Community of Murcia (Spain) announced that will participate in a European project focused on blockchain, to apply this technology in the public administration sector. Isabel Fortea, Director General of Scientific Research and Innovation of the Autonomous Community of Murcia, said that the community will receive 100.000 euros over the next 4 years to guarantee the mobility of the community's staff to different areas focused on blockchain; in order to exchange experiences and knowledge about this technology.
The aim is to harness the potential of blockchain technology to improve efficiency and transparency in the administration sector.
Rules and Regulations
📍Russia's deputy finance minister confirms the country will not ban cryptocurrencies altogether. Alexey Moiseev, Deputy Minister of Finance of the Russian Federation, assured that the nation has no plans to follow in China's footsteps and ban cryptocurrencies, so Russian citizens will be able to continue using crypto assets on foreign platforms. Moiseev recalled that the use of cryptocurrencies, for payments in Russia is prohibited, but citizens can invest and trade in these cryptoassets without limitations or legal penalties.
Continue reading: Popular Ethereum NFT game Sorare is under scrutiny by the UK Gambling Commission
