Over the past week we have seen a lot of interesting news again. The market recovered nicely with, among others, solana (SOL) and cardano (ADA) who broke records. There was also some less positive news. In this article you will find an overview of the most important news, starting with bitcoin (BTC) news from El Salvador.
Salvadorans are not yet warm to Bitcoin
Next Tuesday is the big day that bitcoin is officially recognized as legal tender in the Central American country of El Salvador. While this is a huge milestone for the worldwide Bitcoin community, people in El Salvador are not really excited about it yet.
Start of this week We’ve seen some protests. A study further revealed that 70% of the inhabitants of the country is against the law. Volatility is the main concern among them and it is no secret that bitcoin can fluctuate considerably in value. Possibly it $150 million trust fund adopted this week the tide can turn by educating people about the Chivo wallet and the law itself, among other things.
Twitter probably adds action to word
Twitter CEO Jack Dorsey is an outspoken supporter of Bitcoin. He believes that the cryptocurrency can change the world. Now his company Twitter seems to be contributing to a further adoption of BTC. that platform is working on a “tip jar.” The idea is that one can give and receive tips through the platform. That would of course be very interesting.
Dorsey is also known for being a Bitcoin maximalist. It was somewhat striking the fact that also ethereum (ETH) appears to be part of the upcoming feature.
Cardano smart contracts on testnet, ADA above $3
So September 7 is an important date for Bitcoiners, but not long after that comes an important day for Cardano fans. The Alonzo update will be launched on September 12. With that, smart contracts are finally coming to the platform.
The smart contracts already went live on the testnet this week, the last step before the actual launch. This was accompanied by positive sentiment among ADA investors, who pushed the price through $3. At the time of writing, ADA is still trading near this price.
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