CryptoAddicted

McLaren Racing announced a partnership with Tezos McLaren will use Tezos' energy efficient and renewable network to create a non-fungible token (NFT) platform. McLaren's official website states, "McLaren will feature the most outstanding racing heritage and most exciting lineups from multiple racing teams to offer an unrivaled and engaging experience for fans of Tezos blockchain-based NFTs." Also, McLaren noted that Tezos, unlike traditional Proof of Work blockchains, uses an innovative Proof of Stake mechanism, which is a more energy efficient approach to protecting its network, using two million times less energy than Proof of Work networks as in Bitcoin and Ethereum. This allows Tezos to operate cleanly with minimal energy consumption and low carbon dioxide emissions. As part of the agreement, the Tezos logo will be applied to the racing suits of the McLaren Formula 1 and INDYCAR drivers. Investing in Tezos (XTZ) can bring some profit in future 🧐🔥

The World Bank refused to help El Salvador with the spread of bitcoin. The World Bank said Wednesday it could not help El Salvador spread bitcoin as a second legal tender, citing concerns about transparency and environmental impact. The World Bank specializes in organizing financial and technical assistance to developing countries.

That was fast 🔥🔥🔥

Stocks of Crypto Mining companies are back on track. In mid-May, crypto mining stocks declined to their lowest levels in recent months, but such stocks have shown significant recovery since then. Shares in Riot Blockchain, Marathon Patent Group and Canaan are up 49% on average since May 21. Of these, Riot Blockchain showed itself best, whose shares grew by 63%, and the capitalization reached $3.4 billion. Marathon also showed a noticeable growth - its shares rose by 55%.

Porsche Launches NFT Trading Platform Fanzone

Is here anybody from Gambia?

🔥 Commission fees in the Ethereum network decreased to the level of early 2021. Over the past month, commissions on the Ethereum network have decreased by 90% - if in mid-May the commission for a transaction reached $45, now users pay an average of $4.5.

Traders are holding bitcoin in a tight range awaiting the Fed's announcement. Bitcoin remains in a tight range this Wednesday as traders await the Federal Reserve's monetary policy statement, which will shed light on the US leadership's plans and may determine the future direction of the financial markets. The cryptocurrency has been trading between $39,400 and $41,300 since Monday.

Central Bank of Indonesia bans cryptocurrency as a payment instrument According to local media reports, the head of the Central Bank of Indonesia, Perry Varjiyo, announced at a virtual seminar that it would prohibit Indonesian financial institutions from using cryptocurrency as a means of payment or other instruments of financial services. He also explained that to ensure that financial institutions comply with this policy, the central bank is mobilizing supervisors in the regions. Is here anybody from Indonesia?

Robert Kiyosaki: now is the time to buy cryptocurrency Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, says the crash in cryptocurrency markets is a great shopping opportunity. In a new interview with Stansberry Research, Kiyosaki emphasizes that the key to wealth is buying when markets are experiencing significant sell-off. “You buy cheap. You are selling dearly. But all these fools buy up dearly and then suffer. I just wait for the crash and then I buy, ”said Kiyosaki. The investor adds that he expects radical changes to the transaction mechanism once the government introduces a digital version of the dollar, which he says will be a boon for bitcoin and precious metals. “The transmission mechanism is the current banking system. The banks, after the introduction of the CBDC (china’s digital currency), will eventually disappear. Bitcoins become more valuable because they are outside the system. I myself invest in four things: gold, silver, bitcoin and bullets."

Thailand has banned Dogecoin and NFT trading. The Thai Securities and Exchange Commission (SEC) has banned local exchanges from trading meme cryptocurrencies, fan tokens and NFTs. The restrictions will affect cryptocurrencies like Dogecoin and collectibles in the form of non-fungible tokens. The restrictions came into effect on June 11 and are not retroactive. Marketplaces must revise their rules within 30 days, otherwise it will lead to forced delisting of coins.

Auction House Sotheby’s will sell NFT with “Internet source code”. One of the oldest auction houses, Sotheby’s, will put up for sale a non-fungible token (NFT) containing the original source code for the technical underpinnings of the Internet on June 23. This collectible token contains code written by British scientist Tim Berners-Lee in 1989.

The sign ups are live on their official website, follow the link: https://safemoon.net/products

China pays first salary in digital yuan based on blockchain China has made significant headway in testing its central bank digital currency (CBDC), debuting digital yuan-based salary payments using blockchain, Cointelegraph reports. According to the official website of Xiong'an New District, the People's Bank of China (PBOC) has successfully completed the country's first digital yuan-denominated salary payments. The new CBDC pilot used a blockchain-based payment platform to distribute wages to workers employed in spring afforestation projects in Xiong'an. Engineering subcontractors made payments directly to builders' digital wallets from a public wallet and recorded the corresponding data on the blockchain. According to the announcement, blockchain-based salary payments have made the process much easier. The implementation is reported to mark the first combination of blockchain technology with a digital yuan.

In Kazakhstan, an electricity tax may be introduced for miners and data centers. At the moment, Kazakhstan is the fourth state in terms of the generated hashrate in the Bitcoin network. Recently, the number of miners in the country has increased - some Chinese companies are transferring their capacities to Kazakhstan. However, with the introduction of a new tax, the country will become less attractive for miners. The bill assumes that miners will pay a tax of 1 tenge ($0.002) for each kWh consumed. If the bill is approved, the new tax will come into force on January 1, 2022.

Italy regulator: "EU has been developing rules for regulating cryptocurrencies for too long." Italian Commission on Companies and Exchanges (CONSOB) Paolo Savona called cryptocurrencies a tool for money laundering, urging the European Union to accelerate the development of cryptoasset regulation. “If it takes too long for the EU to find an effective solution to regulate the cryptocurrency industry, Italy will be forced to take its own measures,” Savona said. Oh... not again 🤦