CryptoAddicted

🔥 Beijing Metro now accepts digital yuan China continues to expand its central bank digital currency (CBDC) scope by introducing yuan payments for transportation services. According to an official announcement on Wednesday, the Beijing subway has launched a pilot program to allow passengers to access 24 subway lines and four commuter train stations using the digital yuan, also known as e-CNY. The new service is only available to customers who have a bank account with the Industrial and Commercial Bank of China participating in CBDC tests.

Spanish politicians have offered to issue a state cryptocurrency. The Spanish Socialist Labor Party (PSWP) has proposed issuing a national digital currency in response to a reduction in the use of cash. “The national digital currency will ultimately be controlled by representatives of citizens who set the goals of monetary policy,” states a proposal presented to the Congress of Deputies, the lower house of the Spanish parliament.

Alex Mashinsky: "Bitcoin will rise in price to $160,000 this year." According to Alex Mashinsky, CEO and co-founder of the Celsius platform, this year the bitcoin rate will reach $160,000. Mashinsky stressed that in 2021 bitcoin “has not yet shown new peaks” and, after the current consolidation, its price will continue to rise. “When an asset is growing very high and very fast, a correction is inevitable. You can see my posts in March and February. I wrote that the market will crash and there will be a correction. I predicted a decline to $30,000. Bitcoin is like a spring - we squeeze and squeeze it, trade with leverage. People are too greedy, ”said CEO Celsius. Do you agree?

😔 MP of Paraguay: "we are not going to recognize bitcoin as a means of payment." In early June, El Salvador recognized Bitcoin as legal tender. According to rumors, the Paraguayan authorities were considering a similar step, but MP Carlos Reiala denied them. According to Carlos Reiala, the government of Paraguay will regulate cryptocurrencies, but there is no talk of recognizing bitcoin as legal tender yet.

📉Algorithmic stablecoin SafeDollar collapsed to zero after the second attack in a week. A project from the space of decentralized funds for the development of the algorithmic stablecoin SafeDollar based on the Polygon network (MATIC) was attacked, the developers said in their Telegram channel. They asked users to stop trading SDOs on exchanges, but it was too late for that - the stablecoin rate, which should be supported by about one dollar, collapsed to zero. According to the blockchain, assets in USDC and USDT stablecoins were withdrawn from the SafeDollar contract. So don’t keep your money on “random” stable coins...

"Evil genius" and the alleged owner of million bitcoins Mircea Popescu died in Costa Rica. An early Bitcoin supporter and one of the largest cryptocurrency holders Mircea Popescu died in Costa Rica. This was reported by local media outlets. According to them, Popescu was carried away by the current near the Tramonto Hotel when he went to swim. His body was found on the beach on the morning of June 23rd. A medical team arrived at the scene, but resuscitation measures did not bring results. 1M BTC = 35B USD

FEG DAY is coming! One of the newest and most attractive cryptocurrencies, Baby Feg Token, is led by a team of developers and marketing professionals aiming to create a buy-now or pay-later token. The tokenomics revolve around the fact that BFG (Baby Feg Token), charges 0% fees and is linked directly to your BFG wallet. Users can buy or sell BFG tokens and utilize them as store credit for no cost. BFG aims to create partnerships with exchanges and platforms that support the development of start-up crypto currencies in the DeFi space. BFG credit will be used to make purchases at local vendors in order to expand the security of spending digital assets on a regular basis. With every buy or sell, a percentage of BFG tokens will be burned to LP, in turn, to increase the evaluation of the token. An integral part of BFG is that BFG tokens will never need to be converted to fiat in order to use BFG credit as it will always necessitate a direct conversion. Tokenomics 6% LP 2% Marketing 2% Reflexion Wallet 10% Marketing Wallet (95% locked) 5% Profit Taker Wallet No Team Tokens Burn 40% of Tokens have been Burnt Links Telegram: https://t.me/babyfegbsc Website: https://www.babyfeg.com/ Twitter: https://twitter.com/babyfegtoken Instagram: https://twitter.com/babyfegtoken

When professional traders and newbies trade cryptocurrencies the most: survey result. According to a survey from Overbit platform, newcomers to cryptocurrency trading are more active on the weekend, while professional investors and traders pay the least attention to trading on the weekend. The pandemic and mass quarantines have made this trend more pronounced, as the 24/7 crypto market has become more accessible in terms of free time. This information helps to understand when you should most often expect increased volatility in trading - that is, volatility in coin rates.

📌The Fed called the stablecoin Tether a “challenge” for financial stability. Stablecoin Tether (USDT) threatens the stability of the financial system, said Erin Rosengren, President of the Federal Reserve Bank (FRS) of Boston. In one of the slides of the presentation, he called the token the "new destroyer" of the short-term lending market. The Boston Fed President also expressed concerns about the lack of regulation of the stablecoin market, which, in his words, "is becoming an increasingly important sector of the economy." Do you agree?

💵🔥El Salvador will launch an official bitcoin wallet and distribute to citizens $30 each in BTC. El Salvador's law on the recognition of bitcoin as a means of payment will come into force on September 7, writes Reuters with reference to the country's President Nayib Bukele. Elsalvador.com also reports that adult citizens will receive $30 in bitcoin along with the Chivo mobile wallet for iOS and Android, developed by order of the authorities. To receive the cryptocurrency, the user will have to verify their identity, Bukele announced. The wallet will allow you to send and receive bitcoins, as well as convert them into dollars.

Bitcoin only: El Salvador will not give altcoins legal tender status. El Salvador recently recognized Bitcoin as legal tender. However, the country's president, Nayib Bukele, has become a bitcoin-maximalist: no other cryptocurrency will receive such an honor. “It will be impossible to give such a status to ten assets ... Even two legal tender is very difficult. Therefore, there will be only bitcoin and the US dollar." Is it good or bad you think?

Miners are predicting an "unprecedented period of profitability" bitcoin performance. The Slush Pool mining pool predicts the next period of difficulty "will be unprecedented in mining profitability." The difficulty is now expected to drop 20% during recalculation in one week. However, given the corresponding slowdown in block release, a maximum reduction of 25% could occur. Thanks to this, expressed in bitcoins, the profitability of mining will increase by 20-25%. As Slush Pool notes, the increase in profitability is becoming the largest in the history of Bitcoin. Have you ever tried Bitcoin mining?