PaperImperium, MakerDAO’s largest delegate member, will lead a DeFi education initiative at Congress, alongside other members of the decentralized community. This and more news is in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Bitcoin and Blockchain Adoption
📍Congressman Ted Budd encouraged the MakerDAO community to educate members of Congress about DeFi. This Thursday, MakerDAO held the first-ever question and answer (Q&A) session led by a US political representative. Ted Budd, US Congressman for the state of North Carolina, led the meeting with the decentralized community of MakerDAO, highlighting the power and advantages of decentralization and the need to spread this message of freedom throughout the halls of Congress.
PaperImperium, the most powerful pseudo-anonymous delegate member of MakerDAO, has been elected by the community to lead the DeFi education and training initiative at the government body. It should be noted that PaperImperium is already well ahead in training MIT professionals, bankers, politicians, and legislators about MakerDAO, decentralized finance, and the crypto industry in general.
NFT and DeFi Markets
📍Visa partners with Micah Johnson to launch NFT creator program. The multinational financial services company announced its association with former MLB player and now artist Micah Johnson. According to the company, the partnership seeks to boost the creator economy and help artists and content creators grow within the NFT market.
Visa said that NFTs are a new emerging ecosystem within the crypto industry, providing great opportunities for creators to monetize their work and get even closer to their audiences and fans. NFTs are sparking a renaissance in the world of art and content creation, so Visa, through its new SCHEDULE Visa Creator, will support artists and creators to develop fluency in the world of cryptocurrencies and non-fungible tokens; in order to stay at the forefront of new technologies and provide significant value to future generations, it reported.
📍SEBA Earn, the Swiss bank's new institutional service to offer exposure to DeFi. SEBA Bank, the Swiss bank that is connecting traditional finance with the world of cryptocurrencies, recently reported on the launch of its new product called SEBA Earn, focused on offering access to the decentralized ecosystem of DeFi to institutional clients.
The bank shared a release indicating that its new services will open the doors of the cryptoeconomy to its investors and institutional clients, who will now be able to earn rewards on blockchains based on proof-of-stake protocols (PoS), including Polkadot, tezos y CardanoThrough SEBA Earn, the bank will offer different products, such as staking, yield farming, access to loans and liquidity and centralized borrowing.
Development and Technology
📍Crypto mining company in Canada partners with local energy company to provide heating via Bitcoin. Bitcoin mining company MintGreen's initiative seeks to harness the heat generated by its hardware equipment to provide heating to residents of North Vancouver. MintGreen reported which partnered with the local energy company, Lonsdale Energy Corporation, to redirect heat from its mining equipment and provide heating to citizens.
The initiative will harness waste heat generated by Bitcoin mining and recover up to 96% of the energy used to sustain this activity in the region. In March, Bit2Me News reported that local musician Pirre-Philippe Cote was harnessing the heat generated by several Bitcoin miners to provide heating to a church, while the country’s low winter temperatures helped him eliminate the need for cooling of mining equipment.
Rules and Regulations
📍President Russia recognizes cryptocurrencies as a means of transferring value. Vladimir Putin, President of the Russian Federation, said that cryptocurrencies can act as a unit of account and are currently being developed as an efficient means of payment and value transfer. However, answering Asked about the possibility of trading resources such as oil with cryptocurrencies instead of dollars, Putin clarified that these digital assets are still in development and that it is too early to talk about them in international trade, due to the risks of volatility.
Still, the Russian president said that with the rapid development of these assets, they are likely to continue to strengthen and grow as a means of accumulation and a store of value. “Everything develops, everything has the right to exist… We see that this market fluctuates. Today is a bit early”, Putin said, hinting that new use cases may emerge for cryptoassets in the future.
📍Mexico's president said cryptocurrencies are unlikely to become legal tender in Mexico. Despite the rise of cryptocurrencies in Mexico, its current president Manuel López Obrador said that there is very little chance of accepting cryptocurrencies as legal tender in the country.
According to their statements During a morning press conference on Thursday, Obrador responded to a journalist about the low probability that Mexico will follow in El Salvador's footsteps and make Bitcoin legal. In addition to this, it is worth remembering that the Bank of Mexico and the National Banking and Securities Commission of the country have reiterated their position on cryptocurrencies on several occasions, recalling that these are illegal assets in the Latin American nation and that therefore they should not be traded.
📍Uniswap Labs prepares for regulatory scrutiny, hires former Washington official. The developers of the Uniswap DEX, Uniswap Labs announced the hiring of Hari Sevugan, former spokesperson for former President Barack Obama and Washington agent, to deal with regulators. Sevugan will serve as Uniswap Labs' new head of communications. In a interview He told CoinDesk that his mission is to help more people easily connect with the crypto and DeFi ecosystem, to make it more understandable.
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