KW 34: PayPal launches its cryptocurrency service in the UK, El Salvador’s Bitcoin adoption may transform remittances in Central America, Substack rolls out Bitcoin payments

NEWS

PayPal launches its cryptocurrency service in the UK: PayPal is launching its cryptocurrency service in the UK. The US online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. PayPal’s crypto feature lets customers buy or sell bitcoin, bitcoin cash, ethereum or litecoin with as little as £1. Users can also track crypto prices in real-time, and find educational content on the market.
cnbc.com

El Salvador’s Bitcoin adoption may transform remittances in Central America: The Central American Bank for Economic Integration (CABEI) has identified remittances as an important aspect of El Salvador’s Bitcoin adoption policy. According to Reuters on Tuesday, the regional development bank expects other Central American nations to pay close attention to Bitcoin’s impact on remittance costs in El Salvador. CABEI executive president Dante Mossi said neighboring countries will be incentivized to follow El Salvador’s example if Bitcoin offers significant cost reduction in the remittance market. According to Carlos Sanchez, investment chief at CABEI, the regional bank is keen on helping El Salvador ensure compliance with global money-laundering rules as the country attempts to utilize Bitcoin as a parallel currency. Sanchez described the process as being akin to navigating “yet to be explored” waters.
cointelegraph.com

Substack rolls out Bitcoin payments: Substack’s over 500,000 paying subscribers will now be able to pay using Bitcoin through the Lightning Network, a layered payment network for Bitcoin. The announcement was made by OpenNode, a bitcoin payment processor that has integrated its API to allow both on-chain and Lightning payments on the Substack online publishing platform. ​​To start, OpenNode and Substack are making the payment system available to a select group of crypto-focused publications.
coindesk.com

Somebody just paid $1.3 million for a picture of a rock: Clip art of a rock just sold for 400 ether, or about $1.3 million, late Monday afternoon. The transaction marks the latest sale of EtherRock, a brand of crypto collectible that’s been around since 2017 – making it one of the oldest non-fungible tokens (NFTs) on the block. EtherRock is, as the name implies, a JPEG of a cartoon rock, built and sold on the ethereum blockchain. There are only 100 out there, and that scarcity is part of what’s driving up its value.
cnbc.com

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Market update: Solana ahead of bitcoin – institutional investors bet on altcoins btc-echo.de
Verdict: Swedish government to return 33 bitcoin to drug dealer in landmark case news.bitcoin.com
SpaceX: SpaceX to show ads in space & advertisers can even pay with Dogecoin screenrant.com
Bitcoin loses $48K as analysts eye next zones for a potential BTC price bounce cointelegraph.com
Smart contracts: Swiss-based crypto firms select Tezos for tokenizing finance products blockchain.news

NUMBER OF THE WEEK

Within five weeks, Bitcoin has gained around 70 percent in value, even though China is increasingly regulating the cryptocurrency. In the long term, the ban from Beijing could even stabilize the crypto market.
manager-magazin.de

BACKGROUND

Fetch.ai launches NFT platform for AI-generated art: Blockchain artificial intelligence lab Fetch.ai has launched a new NFT marketplace for AI-generated art, giving users the ability to create digital collectibles in a collaborative setting through machine learning technology. The new platform, dubbed Colearn Paint, allows groups of creators to automatically generate and collectively own NFTs designed by a machine learning algorithm. The platform is geared towards “abstract compositions,” according to Humayun Sheikh, CEO of Fetch.ai, who cited “collective learning” as a major trend for the future.
cointelegraph.com

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Australian police make record crypto seizure: Australia’s Victoria Police have collected close to AUD 8.5m (USD 6m) worth of cryptocurrency in its recent clampdown on dark web drug trafficking. The bust, which targeted a number of properties in the country’s south-eastern state of Victoria, is said to be Australia’s biggest crypto seizure to date. During the raids, Australian law enforcement arrested a 31-year-old Kinglake woman and a 30-year-old Preston man, Victoria Police said in a statement. The Kinglake resident was charged with cannabis possession and they were both released. In addition to this, a 33-year-old Preston man was arrested and cautioned for cannabis possession.
cryptonews.com

QUOTE

„It’s just that we’re just obviously making the pieces that are needed for a useful humanoid robot so I guess we probably should make it. And if we don’t someone else would. … I guess we should make it and make sure it’s safe.“
Tesla will build a humanoid robot called Tesla Bot, CEO Elon Musk said on Thursday.
washingtonpost.com, cnbc.com

BLOCKBUG

Val Kilmer’s voice was re-created by AI after throat cancer took it away: Hollywood actor Val Kilmer lost his natural voice after a surgery for throat cancer in 2015. Five years after Kilmer’s surgery, his representatives contacted Sonantic, a UK-based software firm that clones voices for actors and studios, to digitally restore his lost voice. A team cleaned up the available audio to remove as much noise as possible and attempted to build a model for Kilmer’s voice with only about one-tenth of the audio normally required. When the results were subpar, Sonantic developed new algorithms to work with less data and wound up creating over 40 different models of Kilmer’s voice. Kilmer’s voice can be controlled by a desktop application that allows him to type whatever he wants the model to say and then fine tune aspects of the delivery like pitch and pacing.
washingtonpost.com, cnet.com

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