13-09-2024

Author

Fernando Fierro
September 13, 2024

Howdy folks,

🌟🗳️ Suriname’s presidential hopeful Maya Parbhoe is looking to revolutionize the country's economic landscape by proposing a Bitcoin standard. Parbhoe aims to tackle corruption and inequality by adopting BTC as Suriname’s sole unit of account, envisioning salaries, goods, and services all denominated in Bitcoin.

This bold move seeks to leverage recent oil discoveries to create a UBI-style Bitcoin payment system, raising questions about the viability and risks of such a cryptocurrency-driven economy.

In other news:

💼📊 The UK is pushing forward with a new bill designed to clarify the legal status of digital assets. Introduced on September 11, 2024, the Property (Digital Assets etc) Bill aims to formally recognize digital assets like cryptocurrencies and NFTs as personal property, offering stronger legal protection against fraud and scams.

UK Justice Minister Heidi Alexander underscores the legislation's critical role in ensuring the UK remains at the forefront of the global crypto ecosystem.

❤️‍🩹🌪️ Binance Charity has launched a new campaign to support victims of Typhoon Yagi in Vietnam, a storm that has caused significant devastation. The initiative will provide up to $1 million in BNB to registered Binance users who meet specific criteria based on their proof-of-address information, ensuring aid reaches those in the hardest-hit areas. 

Binance CEO Richard Teng expressed his condolences and affirmed the company's commitment to helping the affected communities recover.

🚀🛑 Vitalik Buterin has announced he is done selling ETH, after a series of seven-figure transactions sparked concern among the Ethereum community. Despite this, ETH's price decline since March 2024 continues, driven by macroeconomic factors and competitive pressures.

While Vitalik's recent statement might alleviate community worries, many believe that broader market forces still hold the key to ETH's future trajectory.

DailyCoin Daily Meme

WazirX Users Demand Justice: Was the $230M Crypto Hack Due to Gross Negligence or Insider Betrayal?

Suspicions of an inside job grow as WazirX users highlight unanswered questions about the July hack.

FTX’s On-Chain Moves Could Spell Trouble for Solana: $24M SOL Unstaked Ahead Of Crucial Trial Hearing

With a steady Spot trading volume of above $2B per day, Solana (SOL) clings to the key support zone, but investors are in fear of FTX’s impending sell-off.

Russia’s CBDC Is a Go: Bank of Russia Unveils Debut Date and Rollout Schedule for Digital Ruble

The Bank of Russia has outlined important standards and deadlines for the upcoming launch of the digital ruble. Read more on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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