How is El Salvador preparing to adopt BTC into the daily lives of the citizens? Let’s find out that and other notable moments and conversations in the industry this week.
Bitcoin
El Salvador President Nayib Bukele announced on Twitter that work has started on infrastructure to support Bitcoin implementation from September.
Twitter and Square CEO Jack Dorsey announced that TBD, Square’s new initiative, will help to create a decentralized exchange for Bitcoin.
Ethereum
Venture capitalist Bill Gurley shared his personal opinion about Ethereum, stating that he is a fan of the community and likes the adaptability and pragmatism that he sees.
A bug on Ethereum’s Geth software client caused a fork in the blockchain, essentially splitting the network into two simultaneous chains.
DeFi
The Poly Network announced that the hacker who stole over $600 Million had returned the stolen funds.
The SEC has employed the blockchain analytics firm AnChain.AI to help it to regulate and monitor the DeFi industry.
Business
Andreessen Horowitz-backed digital publishing platform Substack has announced its partnership with OpenNode, a leading Bitcoin payments processor to offer Bitcoin payments for its online publishing platform.
Blockstream announced that they raised $210 Million, with a $3.2 Billion valuation, as part of their Series B funding round.
Technology
Cardano’s Head of Delivery, Nigel Hemsley, Head of Delivery at Cardano, said that team is on track to submit the proposal for the final testnet version release on September 1st, right before the Alonzo hard fork goes live by September 12th.
Technology firm Microsoft was recently granted a patent for a token interoperability solution rendered for enterprise-class blockchains to enable developers to create cross-platform assets for Microsoft’s enterprise clients.
Regulation
China reiterated its negative stance against cryptocurrencies by sending out a stark reminder to the general population and warning them against cryptocurrencies.
South Korean financial watchdog, the Korean Financial Service Commission has announced that it is planning on setting up an independent bureau that will look into all cryptocurrency-related matters in the country.
The Cuban government announced plans to assert recognition of crypto payments and impose a framework of regulations to oversee them.
The National Commercial Bank (NCB) of Jamaica will be receiving its allotment of the central bank digital currency (CBDC) next month, followed by a gradual roll-out.
NFT
A growing number of film production companies are adopting blockchain to revolutionize how the industry makes money from their work.
Visa makes its first foray into NFT and buys CryptoPunk artwork for $150,000.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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