CryptoAddicted

A statue of the creator of Bitcoin Satoshi Nakamoto will be installed in the center of Budapest. Bitcoin's anonymous creator Satoshi Nakamoto will be immortalized as a statue in Budapest. According to the local news agency Hungary Today, sculptors Reka Gergely and Tamas Ghilli took over the design of the memorial. At the same time, they have already released her initial sketches, depicting a faceless figure in a sweatshirt with a hood and the emblem of Bitcoin.

South Korean citizens will be required to account for crypto assets abroad. The South Korean Internal Revenue Service announced that from 2022, individuals and legal entities holding large amounts of crypto assets on foreign exchanges will be required to submit tax reports. According to a statement from the South Korea Tax Service (NTS), the new rules will apply to citizens and businesses whose foreign accounts will have cryptocurrencies in the amount of KRW 500 million (about $450,000) at the end of each month.

Bloomberg: Bitcoin is more likely to head towards $100,000 than linger below $20,000. The cryptocurrency market is still trending upward, even after a precipitous pullback from historic highs, Bloomberg said in a new report. Analysts argue that bitcoin is more likely to resume its upward trajectory to $100,000 than to fall below $20,000. This, they say, will be facilitated by the release of the market from an excess of speculative positions, while all previously existing fundamental prerequisites remain in place. They describe the current situation as a “bullish discounted crypto market”.

Miami Mayor Francis Suarez announced personal investments in Bitcoin and Ethereum According to him, he decided to buy cryptocurrencies immediately after the US Senate approved a $1.9 trillion stimulus package in early March. This, he said, is a sign of the inevitability of inflation in the future. “At that moment, I already knew that inflation was inevitable and that there had to be some kind of hedge,” Suarez told CNBC.

🔥 Elon Musk's company will send an Ethereum node into space Yahoo Finance announced that Elon Musk has launched SpaceX, an Ethereum node aboard the International Space Station. According to journalists, this will be the first case of the spread of the altcoin blockchain in space, until this moment only the Bitcoin node operated there, under the control of the Blockstream startup team. The deployment of Ethereum is carried out by SpaceChain, which sent equipment to the ISS under the NASA program, which was initiated by Nanoracks. Nodes in space represent the most secure channel not only for transactions, but also for communication. Given the increased security concerns, SpaceChain anticipates a strong demand for commercial use of the ISS nodes. The only problem is the speed of network deployment. SpaceX delivered the equipment in 4 launches of the Falcon 9 rocket.

🔥 One of the oldest US banks took up crypto lending Anchorage digital bank launched a loan issuance program based on the provision of the second largest cryptocurrency in terms of capitalization - Ethereum. Funding for the instruments was provided by one of the oldest US banks - BankProv. Information about this appeared in the press release of the organizations. The startup's new financial instruments are targeted at institutional market participants. CoinDesk noted that the project team was the first in history to offer loans secured by Ethereum through a bank insured with the Federal Deposit Insurance Corporation (FDIC). In January 2021, Anchorage became the world's first federally licensed cryptobank. The financial institution also provides custody services for digital assets.

⚙️After the Colonial Pipeline hacker attack, the US Department of Justice stated that investigating ransomware attacks has the same priority as terrorism.

Elon Musk provoked a new decline in the bitcoin rate tonight by posting a meme on Twitter with the words of Linkin Park's song “In the End”. The second phrase is a quote from the referenced song. Musk accompanied the message with the tag "#Bitcoin" and emoji with a broken heart. The cryptocurrency reacted to his words with a decline of more than $ 1,000 within an hour. Someone stop him 🤣

🤓 NFT sales dropped 90% in a month The non-financial token sector in the crypto space has shrunk even faster than the market as a whole over the past month, Cointelegraph reports. NFT sales have dropped 90% since their peak in early May. Analysts at Protos concluded that the NFT bubble had already burst. They wrote: All things considered, the data shows that the NFT bubble lasted only four months - and it burst around May.

🔥 Ron Paul urged to legalize bitcoin One of the most influential US politicians recalled that bitcoin is money and is not subject to regulation. Three times the presidential candidate and one of the most influential American politicians, Ron Paul, has called for the legalization of Bitcoin. An economist and opponent of the Federal Reserve points out that bitcoin is a form of money and money is not regulated. Talk about a possible tightening of rules in the cryptocurrency market has once again captured the American investor community. The reason is the harsh suppression of the industry by the authorities of China and Turkey, as well as the statement by the head of the SEC Gary Gensler about the development of new standards. Paul explains that the state will always seek to suppress alternatives to government money. However, a more promising solution would be to let citizens determine what is best for them - the dollar or bitcoin. ✊✊

🤯 The European Parliament called for tough regulation of the cryptosphere The EU authorities must establish tight control over the cryptocurrency industry, said Chris McManus, who represents Ireland in the EU parliament. According to the deputy, central banks should have the right not only to monitor the situation in the cryptosphere, but also to influence the activities of companies and exchanges that represent the digital asset market. McManus outlined his position in a 45-point memo addressed to colleagues in the European Parliament. Each token developer must provide their central bank with detailed information about their product. This is necessary not only to ensure transparency of transactions, but also to protect people from fraud. Particular attention should be paid to fiat-backed stablecoins. According to the parliamentarian, the digital currency issuing company must report on the availability of sufficient capital required to cover each token.

Google will allow crypto exchanges and wallets to be advertised in the US, but will not make an exception for DeFi projects Starting from August 3, cryptocurrency exchanges and wallets will be able to promote their services on the Google platform among the American audience under new conditions. The company disclosed the relevant provisions as part of updating the policies for working with financial products and services. Google still does not allow advertising of initial coin offerings (ICOs), and has also added protocols from the decentralized finance (DeFi) space to this list.

📌Norton 360 antivirus will add the ability to mine Ethereum. NortonLifeLock (formerly Symantec Corporation), behind the popular antivirus Norton 360, is adding Ethereum mining to its software. Users have already expressed doubts about the performance of systems that, together with an antivirus that independently creates a large load, will use the miner. In addition, it is unclear how the Norton miner will impact Intel's Threat Detection Technology (TDT) and Microsoft Defender.

👀Joe Biden ordered to pay attention to cryptocurrencies due to ransomware attacks. US President Joe Biden has ordered action to track cryptocurrencies in light of the recent wave of ransomware attacks. “President Biden has already launched an operational strategic review to respond to the increased threat of ransomware, including expanding cryptocurrency analysis to identify and prosecute criminal transactions,” the administration said. It is also proposed to call to account the countries from which the attackers conduct their activities.

The analyst warned of the approach of a new "cross of death" and its consequences for Bitcoin. A new "cross of death" looms on the bitcoin chart, foreshadowing a further decline in the first cryptocurrency, an analyst at Rekt Capital warned. Historically, bitcoin forms the cross of death in 107-149 days. If history repeats itself, the cross of death may appear from late July to early September.