Crypto News Digest - July 2022 (1/2)

    July 1st

    1. El Salvador has purchased 80 more bitcoins at $19,000. This was announced by President Nayib Bukele on his Twitter. "Bitcoin is the future! Thank you for selling cheap," he wrote. El Salvador bought 500 bitcoins in May at $30744. 
    2. The Council of the European Union (EU) has agreed on a law on cryptocurrencies (MiCA). According to the European Council, the preliminary agreement includes rules that will apply to issuers of unsecured crypto assets, stablecoins, trading platforms, and wallets.

    July 3rd

    British car manufacturer Lotus is collaborating with Web3 Ripple and NFT PRO to enter the world of NFT. The project, called the “01L Collection”, will be launched in several phases. The first will be the release of the first collection of rare NFT Lotus. The collection includes five different assets, each of them is a dynamic and animated image of a Lotus icon with a different color background.

    July 4th

    1. The President of the Central African Republic (CAR) Faustin-Arkange Touadera announced the launch of Sango Coin as a national cryptocurrency. According to President Touadera, Sango Coin will act as a "gateway to the natural resources of the Central African Republic." The Central African government previously announced plans to tokenize the country's natural resources, including oil, diamonds, and copper. 
    2. The unknown owner of domain 000.eth sold it for 300 ETH (about $316,000). The transaction took place on OpenSea. Also, RTFKT studio, which specializes in creating collectibles for meta universes, purchased the domain dotswoosh.eth for 19.72 ETH.

    July 5th

    Polium, which is engaged in-game products for web 3.0, announced an NFT-console. It will be able to run games that are based on different blockchains. Polium claims that their Polium One console will be easy to use and powerful for running demanding games. Gamers who are not familiar with the concept of web 3.0 and blockchain will have no trouble understanding the features of the console.

    July 6th

    Blockchain Polygon has partnered with British smartphone maker Nothing to develop a Web3 phone. The companies have announced the launch of Nothing's Black Dot NFT collection. The collection tokens will give holders early access to the company's exclusive products. After that Polygon will begin expanding the functionality of Nothing's smartphones by integrating decentralized apps, play-to-earn games, payments, and other services from the Polygon ecosystem.

    July 7th

    Elon Musk's transportation tunnel company, The Boring Company (TBC), has begun accepting Dogecoin for ride payments. According to CNBC, the new payment method appeared on July 1, the day after the opening of the new Loop station at the Las Vegas Convention Center.

    July 8th

    Moon Tech Spain, the Spanish subsidiary of cryptocurrency exchange Binance, has received registration as a Virtual Asset Service Provider (VASP) with the Bank of Spain. This registration will allow Binance to offer crypto-asset exchange and custody services in Spain as required by the central bank's Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations.

    July 9th

    Elon Musk has reneged on a deal to buy Twitter. In a letter to the U.S. Securities and Exchange Commission (SEC), Musk's lawyer Mike Ringler stated that "Twitter has not fulfilled its contractual obligations. According to the letter, Twitter also did not provide information about fake or spam accounts on the social network. The deal was valued at $44 billion.

    July 11th

    1. Cryptocurrency exchange OKX will be a sponsor of Manchester City. The company's logo will be placed on the front of the club's training uniform during the 2022/2023 soccer season. The deal is worth more than £10 million ($12 million) per season.
    2. Playboy has announced that their famous party mansion will soon appear in The Sandbox meta-universe. In the virtual world, it will be called "MetaMansion". MetaMansion will be the Playboy Mansion, which was once built by the magazine's founder Hugh Hefner.

    July 12th

    The South China Morning Post reported that the Shanghai government plans to create an industry fund with 10 billion yuan (nearly $1.5 billion) in assets dedicated to the development of the meta-universe. Funding will go toward the creation of 10 "flagship" companies and 100 small firms in the industry.

    July 13th

    Technology company Samsung Electronics has announced the launch of a virtual playground Space Tycoon in the Roblox meta-universe. Space Tycoon is a virtual space where users can create various objects. The action of the game takes place on Samsung's space station, as well as in the research center, where the characters study the company's new products.

    July 14th

    Blockchain BNB announced the launch of the DappBay Red Alarm service with built-in tools to detect potential fraud. DappBay Red Alarm will enable users to assess a project's risk by entering a contract address and seeing its potential threats.

    Stay tuned for more news!