The National Assembly of El Salvador approved resources in the order of $1,8 million dollars to the country's Bitcoin Funds Agency. This 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.
El Salvador allocates funds to the Bitcoin Fund Agency
📍After approving a reform to this year's budget, El Salvador has allocated $1,89 million to the Bitcoin Fund Agency, created in January. The agency, which will be responsible for managing the resources generated by the so-called volcano bonds, will also be responsible for managing and administering the funds generated by the state's participation in investment opportunities in cryptocurrencies and in public offerings of digital assets.
The Bitcoin Funds Agency is an organization attached to the Ministry of Economy of El Salvador that was created through the Digital Asset Issuance Law.
Vitalik Buterin is hacked in X
📍Vitalik Buterin's account on the X platform (formerly Twitter) has been hacked. According to reports from Dmitry Buterin, Vitalik's father, the account on the X platform was compromised to publish a phishing scam about an alleged release of commemorative NFTs to celebrate the arrival of proto-danksharding.
Cybersecurity researchers at PeckShield confirmed the hack and warned users not to click on the malicious link posted on Vitalik's profile on the social network.
However, despite the warnings, several users fell for the scam. It is estimated that the hacker has managed to steal around $700.000 with this scam.
Neowiz comes to Avalanche's blockchain
📍South Korean game developer Neowiz has chosen Avalanche Network to launch blockchain-based games. The strategic alliance was announced between IntellaX, Neowiz's Web3 arm, and Ava Labs, which develops the blockchain.
The video game developer has reportedly joined Avalanche's Web3 program, Arcad3, which seeks to bridge the gap between the traditional gaming industry and Web3.
Neowiz plans to expand its business into the blockchain and Web3 industry while contributing to the integration and adoption of these new technologies in the gaming world.
To date, Neowiz has not revealed whether it will launch new video games on the blockchain or if it will port some of its titles to the technology.
Infura is decentralized
📍ConsenSys, the company behind Infura, has announced that the Ethereum-based blockchain development platform will begin decentralizing later this year. The company revealed that by the end of 2023 it will launch the first phase of a new decentralized version of Infura, with which it seeks to maximize security and stability, in order to guarantee a more optimal service to users and clients.
According to ConsenSys, the governance model that will manage the new version of Infura is still being defined, whether it will be through a foundation or a DAO (decentralized autonomous organization).
Likewise, Infura's head of decentralized infrastructure products, Tom Hay, revealed in a statement that the company will launch a federated phase of Infura, which will last at least 6 months, with the idea of providing information on how to build a sustainable model before introducing greater decentralization.
Apple buys the rights to a book about SBF
📍According to The Ankler, Apple has secured the rights to Michael Lewis’ book “Going Infinite: The Rise and Fall of a New Tycoon.” This new book, scheduled for release early next month, tells the story of former FTX CEO Sam Bankman-Fried. The release date of the new book, October 3, coincides with the date of the former FTX CEO's criminal trial.
The book tells the story of the spectacular rise and fall of SBF, who was once on the Forbes billionaires list, and his company FTX, which managed billions of dollars of its clients' money.
The Ankler reported that Apple paid $5 million for the rights to this book written by Lewis.
Digital yuan spreads to ASEAN
📍China's central bank-issued digital currency, the digital yuan or e-CNY, is set to spread across the Association of Southeast Asian Nations (ASEAN). As reported by China News Network, the country's government plans to make its digital currency operable at a regional level and not just nationally as was initially stated.
The middle he highlighted that China will create a pilot zone for financial innovation to implement the digital yuan and strengthen, through this currency, its ties of cooperation with countries in the region, which are politically aligned with the Asian power.
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