Daily Crypto NewsEDITION #231, 07 June 2021

Festival in El Salvador, let's dance!

Hey #Moni Maker 👨‍🎓

Today, in 2005, the film "Mr. and Mrs. Smith" was released. The inter-sex relations of the heroes of Pitt and Jolie are very similar to the crypto market and traders. Love, hate, anger. I want to kill you. I'll kill you! I love you and so on in a circle.

Most importantly, there are feelings between us and the market. It means we are still alive.

Well, Digest is still our matchmaker! Let’s go!

El Salvador's President Naib Bukele plans to make bitcoin legal tender.

This project was ridiculed at the Bitcoin 2021 conference in Miami. But it also gave rise to rumors that the Salvadorans will soon buy food for with crypto.

As Bukele himself explains, thanks to this, migrants outside the country will be able to send money home quickly and cheaply. Only 30% of Salvadorans have bank accounts, and paper currency transfers are unreasonably expensive.

So what?

Wow! Well, at least one of the politicians pulled his head out of the banker's ass and finally thought with it, but did not promise the impossible.

Hmm, what if the countries like El Salvador would continue the trend. It turns out that bitcoin is really for simple people :)

China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform.

According to local reports, at least a dozen crypto influencers on Weibo have been unable to use their accounts on Saturday night. Weibo greeted other users who visited suspended accounts with a message saying the banned accounts have violated Weibo guidelines and “relevant laws and regulations.”

So what?

Well, as one of the blocked people said, “Judgment Day crypto influencers”.

Tell to the banned not to worry. Let’s go to Twitter. They block only for trying to make something great again. But crypto remains as great as it was.

In October 2014, the Massachusetts Institute of Technology launched the MIT Bitcoin Project, an initiative that sought to give away $500,000 worth of Bitcoin (BTC) to its undergraduate students.

Students were able to claim $100 worth of BTC in exchange for filling out a survey, equating to roughly 0.3 BTC at the time. The project was spearheaded by students Jeremy Rubin and Dan Elitzer, who raised $500,000 from university alumni and representatives of the Bitcoin community.

The project was intended to encourage exploration into digital assets and foster the campus as a global hub for crypto research.

With 3,100 students capitalizing on the offer and close to $200,000 worth of Bitcoin going unclaimed at the time, the university distributed roughly $33.8 million worth of BTC at current prices.

While many of the students presumably spent their freely obtained Bitcoin stash, with the MIT coop bookstore launching support for BTC as payment for textbooks, school supplies and other MIT merchandise from September 2014, Bloomberg spoke to one student who still holds the Bitcoin MIT gave her seven years ago.

Despite the value of 0.3 Bitcoin falling from $19,500 in mid-April to nearly $11,000 today, MIT alumni Mary Spanjers described her experience with cryptocurrency as “truly remarkable,” adding:

“Most of us thought it was a bit of a joke.”

So what?

HODL.

And you...buy Bitcoin! 😉 (it's a good time!)