Welcome to today’s overview of crypto news:
It can be said that BTC returned to its bullish trajectory after recovering from a drop below $ 41,000 two weeks ago. In the following days, the cryptocurrency added a significant amount of value, breaking the $ 50,000 mark for the first time in a month and rising.
It got above $ 56,000 yesterday, a new high since mid-May, but stopped there initially. The bears pushed it down hard and BTC fell below $ 54,500.
However, this decline did not seem to last long. BTC began to pick up again, reaching a new five-month high just above $ 57,000 a few hours ago. However, it failed to stay there, so he retreated a few hundred dollars lower.
Most altcoins failed to follow BTC. ETH recovered from the fall at the end of September, but remained stuck at around $ 3,600. In the past 24 hours, after an unsuccessful attempt at rapid growth, it has remained there again.
Salvador will build a veterinary hospital for $ 4 million in profits from a BTC trust
El Salvador President Nayib Bukele has announced plans to invest part of the country’s $ 4 million in profits from its BTC funds in the construction of a new veterinary hospital in the local capital, San Salvador.
On Twitter on October 10, Bukele revealed that the Salvadoran State BTC Fund currently holds $ 4 million in profits from BTC’s recent adoption.
As soon as we inherit a part of this money in this case:
A VETERINARY HOSPITAL for all our peludites. How to include:
12 Basic consultants
4 Emergency consultants
– Nayib Bukele 🇸🇻 (@nayibbukele) October 10, 2021
Bukele announced that part of the funds will be invested in the construction of a veterinary hospital and will include four operating rooms, four emergency clinics, 19 offices and a rehabilitation area.
The nuclear engineer sold secret data to secret FBI agents for cryptocurrencies
In West Virginia, a nuclear engineer and his wife have been arrested on charges of spying and selling reserved data.
For almost a year, the couple sold classified information about the designs of nuclear-powered warships to a person they thought represented a foreign state. However, the contact person was an undercover FBI agent who sent payments for the data in a cryptocurrency.
Jonathan and Diana Toebbe were detained by the FBI and the Naval Investigation Service (NCIS) on Saturday, October 9. They will stand in federal court on Tuesday, October 12. According to Attorney General Merrick B. Garland:
“The indictment accuses them of conspiracy to pass on information to a foreign state regarding the construction of our nuclear submarines.”
Banks, crzypto exchanges, companies
Cryptocurrency is now an option for Australian home buyers
Australians can now buy a house using cryptocurrencies, as Lloyds Auctions Australia has announced that it is accepting BTC for real estate purchases at online auctions, according to a press release.
While restrictions on Covid affected the way personal real estate auctions could take place in Australia, Lloyds began looking for digital alternatives that would allow potential buyers to continue participating in the sale, including online auctions and offering digital real estate tours. The first of the auctions, which will run until the end of the month, started last week and, according to Lloyds, there was already a lot of interest in the online format and cryptocurrency as a payment method.
Sri Lanka will study the regulation of digital banking, blockchain and cryptocurrency mining
Sri Lanka has created a panel to recommend a regulatory framework covering the growth of digital banking, blockchain and cryptocurrency mining, the government said.
The development of an integrated system of digital banking, blockchain and cryptocurrency mining is essential for Sri Lanka to keep pace with its regional neighbors while expanding international trade, the government said in a press release. The newly formed committee will study regulations and initiatives of other countries, including Dubai, Malaysia, the Philippines, the European Union and Singapore, in order to recommend appropriate regulations in Sri Lanka.
The Commission will also examine laws and regulations on the fight against money laundering, terrorist financing, crime and know-how. The proposal to establish a committee was submitted by the Minister for Coordination and Monitoring of Projects Namal Rajapaksa and the panel will present its report to the Cabinet of Laws, Rules and Regulations.
According to the Chinese state media, the most e-CNY pilot program is used in Shenzhen
According to the state newspaper in Shenzhen, Shenzhen now has almost 120,000 scenarios for using the e-CNY pilot program, which ranks it first in the country. In October last year, Hong Kong’s neighboring city, Shenzhen, became the first e-CNY pilot city to introduce the first batch of 50,000 red envelopes with e-CNY worth a total of 10 million yuan.
In January, February and April this year, Shenzhen continued to introduce three batches of RMB 40 million digital red envelopes worth a total of RMB 40 million ($ 6.2 million) to promote public acceptance of e-CNY.
In July, China’s central bank revealed that 1.32 million e-CNY usage scenarios were recorded, covering areas such as transportation, shopping, catering and government services. The volume of e-CNY transactions also exceeded 34.5 billion yuan.
The CBDC is “highly likely” in South Korea, the first test could take place before December
In the cryptosector, South Korea enjoys relatively great fame thanks to its “Kimchi Premium” and large alto coin market. However, on the CBDC issue, theauthorities of the country’s central bank are not far behind.
Local news, which reported on the development of the CBDC in both China and South Korea, noted that the crisis, competition and opportunity are the three reasons for launching the CBDC. The statements of South Korean officials indicated the same.
By December, a first-phase test could take place in the country to confirm the basic functionality of the CBDC as a digital concept itself. The second phase should take place in the first half of 2022 to test payment functions, security and use cases even if communication is not possible. The conclusion should be published at about the same time.