Fans of Bulgarian football team Botev Plovdiv can now pay for their purchases at the official store using Bitcoin. This and more news can be found in this handy daily digest so you're always up to date with the latest events happening in the crypto world.
Bitcoin reaches Bulgaria's oldest football team
📍Bulgaria's oldest football team accepts Bitcoin payments. Botev Plovdiv, a football team founded in 1912, announced on social media that it has implemented Bitcoin payments, allowing its fans to purchase official team jerseys and other apparel with the cryptocurrency.
According to the team's announcement, 10% of the profits generated by Bitcoin sales will go to supporting its fans and followers.
On the other hand, the team highlighted that the incorporation of Bitcoin among the accepted payment methods is part of a strategy to help boost the adoption of cryptocurrency through one of the most popular sports that unites the world. In addition to this, Botev Plovdiv indicated that Bitcoin payments represent a milestone for the team, which merges its more than 110 years of history with innovation and the scarcity of BTC.
Along with Bitcoin payments, the team also launched a series of official Bitcoin-branded jerseys, which fans can customize, using the name of some of the most prominent players in the crypto industry, such as Satoshi Nakamoto, Nick Szabo, and Michael Saylor, among others.
LINK and SOL on the rise, while BTC corrects
📍Chainlink price just set a new one-year high, while Solana is up 20% this week. LINK, the native token of the blockchain oracle network, is trading near $20 per unit, recovering levels seen in January 2022.
In the past week, the price of LINK has increased by 8%. In the past year, this token has risen by more than 190%.
Source: CoinMarketCap
On the other hand, Solana’s price is on the rise again, up 20% in the last 7 days. At the time of writing, the price of SOL is over $110 per unit. The native cryptocurrency of the Solana network has been approaching the values it held in April 2022, before the Terra ecosystem debacle.
Meanwhile, Bitcoin, the world's most capitalized cryptocurrency, has corrected slightly in recent hours, falling to $49.500 at the time of this writing.
CZ will be sentenced in April in the United States
📍Former Binance CEO Changpeng “CZ” Zhao pleaded guilty to several federal charges in November 2023. Following a series of investigations by US authorities, CZ admitted that it had bypassed several protocols and safeguards to offer cryptocurrency services to US investors, accepting its guilt for having violated the current laws of the country's financial system.
For the above reasons, on November 21, 2023, CZ pleaded guilty to money laundering and other federal charges in the United States, resigning from his position as CEO of the crypto exchange.
Zhao was set to be sentenced on all of these charges next week. However, it was recently reported that the sentencing has been postponed for two months, with the new date set for April 30. CZ faces up to 18 months in prison for the charges.
Strong opposition to Elizabeth Warren's bill proposal
📍80 people have signed a letter from the Blockchain Association, in opposition to the Digital Asset Anti-Money Laundering Act (DAAMLA), introduced by Senator Elizabeth Warren. The letter The senator's proposed law will fuel investor interest in unregulated foreign platforms, creating security gaps for investors and raising other concerns about the country's technological leadership.
But in addition to the financial risks posed by the implementation of DAAMLA, the letter also argues that it could threaten the nation's strategic interests.
Signers of the Blockchain Association’s letter include former military and national security experts who share the organization’s view that Senator Warren’s DAAMLA bill would “hinder future innovation in digital assets, increase government surveillance power over citizens, and forfeit any advantage the United States currently has in the race for supremacy in digital asset technology.”
Continue reading: Tokenization is a catalyst for optimizing user experience, says WisdomTree CEO
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