Today a lot of happenings in the crypto world but these news titles seem interesting.
1. South Korea to pass the new crypto regulation bill.
South Korea's finance commission has warned the crypto industry with new crypto bills and said about 200 crypto exchanges could be shut down if bills come. All of the nation’s 200 cryptocurrency exchanges could be shut down after September, once a special financial law takes effect. He said we are aiming all exchange platforms to be registered with FSC under the revised Special Fund Act.
2. Tesla sold Bitcoin, not Elon Musk.
After rumors spreading is Elon Musk sold, his all bitcoin he has confirmed that he didn't sell any own bitcoin. His company Tesla has sold 10% of its BTC holdings worth about $272 million. Tesla’s Master of Coin says the company believes in the value of bitcoin and will keep holding the cryptocurrency long term as well as accumulating from car sales.
3. Global crypto community to help India.
Amid the second wave Covid crises, the health care system almost collapsing and people struggling for beds and oxygen. In this situation, the COO and co-founder of Polygon, Sandeep Nailwal, requested the global cryptocurrency community to help Covid relief in the country. His frustration was apparent in his tweet:
"Can't take this sitting down anymore, I am going to run a Covid relief campaign in lieu of what's going on in India. Need help from the Global crypto community. I will take full responsibility for transparency, funds usage, and regulatory compliance."
After his Twitt come up with a big response and funded $2.5 million within 40 hours, some of the contributors from the top name of the crypto world.
4. BINANCE to launch NFT marketplace.
NFT market is booming and how can Binance stand behind. So now the world's largest crypto exchange platform is in the NFT market place announce by Binance CEO, Changpeng “CZ” Zhao, and maybe debuted in June.
“Binance serves millions of users around the world, many of whom will now be able to access the booming NFT space. In line with our commitment to the freedom of money globally and building an inclusive ecosystem, the Binance NFT marketplace will also support small value creators by providing the highest liquidity and cheapest fees for users”
5. Warning for Nigerians crypto users.
After, Turkey and South Korea now Nigeria gives a warning to its people against crypto amid economic crises. Nigeria’s Economic and Financial Crimes Commission (EFCC) has warned Nigerian’s against investing in Bitcoin due to its unregulated nature and the high potential for fraud.
