Elrond Network, the developer of the Elrond blockchain protocol, launched Bitcoin in its own Maiar financial application.According to Elrond Network CEO Beniamin Mincu, adding Bitcoin to Maiar will accelerate the adoption of money app and the underlying Elrond blockchain infrastructure.Maiar allows getting a fully operational non-custodial blockchain wallet on any smartphone in a few clicks.The key advantage of Maiar is the absence of the need for the use of complex address lines like 1HLOD9E4SDFFPDYFNYNKBLQ85Y51J3ZB1. It replaces them with clear and easy-to-remember nicknames, which Elrond calls 'herotags'. In just four months, 400,000 users have used the Maiar app. It is available on iOS and Android in six languages (English, Spanish, French, German, Romanian, and Indonesian).The Elrond blockchain Elrond is a unique blockchain that uses the "Adaptive State github.com/ethereum/wiki/wiki/Sharding-FAQ" target="_blank">Sharding" mechanism and the Secure Proof-of-Stake (PoS)consensus algorithm, which provides linear scalability. Elrond can process more than 15,000 transactions per second (TPS) with a 6-second delay and low cost.source

In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin maximalists for being “small-minded and insecure”, pointing out that they don't have control over the main
cryptocurrency.They cannot stop any kind of innovation from happening. So let them yap, it doesn't bother me,” said Mati Greenspan, CEO & Founder at Quantum Economics, about Bitcoin maximalists. Greenspan‘s statements came a few days after a number of Bitcoin hardliners attacked him on Twitter for calling the Bitcoin conference in Miami “a crypto conference”.Greenspan’s inclusive view on crypto is also reflected in his diversified investment portfolio. When asked about it, Greenspan pointed out that Dogecoin is his top holding on eToro. “Why not?”, he said. “It’s funny!”.Check out the full interview on our Youtube channel and don’t forget to subscribe!Source

El Salvador’s President Nayib Bukele’s plans to launch a bitcoin (BTC)-powered society could be hampered by internal concerns about the most popular cryptocurrency – with the government apparently bowing to public pressure and ruling out the notion of bitcoin salaries.
As reported yesterday, the Salvadorian government’s labor chief had suggested that the cabinet was set to debate the issue of whether firms in the state should pay employees in BTC rather than USD. This led to an outcry, with the same minister later watering down these claims, and stating that the matter would be determined by the government’s finance officials.But per ElSalvador.com (the publisher of the El Diario de Hoy newspaper), a survey conducted by the Salvadorian Chamber of Commerce has found BTC may be in for a lukewarm reception in the nation. (However, the report did not specify how many respondents participated in the survey.)The survey saw business players and ordinary civilians interviewed – with a whopping 93% of workers responding that they did not want to receive their salary in BTC. In a further blow, 82.5% said that they were not interested in receiving their remittances in bitcoin either. (Remittances account for 23% percent of El Salvador’s gross domestic product and benefit about 360,000 households, per AP data. The money sent home to El Salvador by migrants hit a record high of USD 5.92bn in 2020.)The participants were also asked what they would do if they were to receive payments in bitcoin, with over half stating they would convert tokens to USD immediately.Source

While central banks around the world are working on the digital version of their fiat currencies, El Salvador went ahead and declared Bitcoin legal tender. El Salvador has made the first move, and people in other countries now want their government to go the same route. As we reported, think tank Lobby New Zealand sent a letter to Prime Minister Jacinda Ardern “asking that the New Zealand Government recognize Bitcoin as a foreign currency.” Ethiopia is considering the same where Bitcoiners of the country have come together to start Project Mano that is urging the government to adopt the cryptocurrency. Defined as Step By Step plans for Africa’s second-most populous nation to embrace Bitcoin, Project Mano shared on Twitter that throughout this year, they have been pushing their government to consider mining and accumulating the crypto asset to combat the rising inflation.Source

In a recent tweet, prominent trader John Bollinger claims that $50,000 is Bitcoin’s “first real target.”  The creator of the Bollinger Bands volatility indicator believes that the bottom is already in for the flagship cryptocurrency.Earlier today, Bitcoin hit $41,341, its highest level since May 21.Despite logging its third-biggest correction in May, the bellwether cryptocurrency is still up 42 percent in 2021. El Salvador’s bombshell, Paul Tudor Jones’s recent bullish comments as well as MicroStrategy’s buying spree are fueling Bitcoin’s ongoing resurgence. As reported by no link shorteningday, a recent Bank of America survey shows that Bitcoin is no longer the most crowded trade, ceding ground to commodities.Source

The charity will take donations in Bitcoin, hold them until 2025 and use the earnings to bring drinking water to those that do not have it. The Bitcoin Water Trust is a newly formed trust from Charity: Water and is aimed directly at bringing drinkable water to places that have no access to it currently. The trust was established last week by the charity at the Bitcoin 2021 Conference. Now, the trust is looking to add some trendy terms to their project in the hopes of gaining more interest. The new charity model, HODL MODL, uses the popular acronym HODL or “hold on for dear life,” which has been a popular mantra for many crypto investors. That pretty much sums up the charity’s plan for their BTC donations, as they plan to leave it untouched until 2025. The idea is that giving today will yield a more significant impact in a few years if invested in bitcoin. Charity: water will utilize Gemini’s cryptocurrency wallet to accept donations of bitcoin along with holding said donations until the agreed-upon time. Additionally, co-founders Cameron and Tyler Winklevoss have pledged to match the first 50 BTC donated to The Bitcoin Water Trust.Source

A new DApp offers an escrow service for transactions involving cryptocurrencies, as well as a decentralized arbitration service that delivers resolutions quickly and inexpensively — irrespective of how complicated the dispute is. PayrLink says its solution is vital because we’re increasingly living in a world where everything happens online, meaning that it’s hard to trust anyone. As the project’s whitepaper explains: “The days of meeting people, shaking their hands, doing a deal is long gone. We need to feel safe and private when doing transactions online. Although blockchain technology serves as a powerful tool because of how it delivers transparency, not everyone wants their transactions and balances to be publicly viewed by everyone. PayrLink ensures that users can be afforded anonymity and privacy, all while giving them some much-needed peace of mind.Source

Key Support Levels: $2470, $2330, $2200. Key Resistance Levels: $2700, $2890, $3000. ETH fell beneath an ascending triangle pattern tracking over the past fortnight after dropping to $2600 on Monday. It fell beneath the lower boundary (dashed line) and continued until support was established around the $2500 level. The coin did spike as low as $2330 during the week but is now attempting to maintain itself above the newly formed rising trend line, which might start making a new lower boundary for the triangle. Yesterday, ETH did rebound from this rising trend line but was unable to overcome resistance at $2600. It has since dropped back beneath this resistance today and is trading near $2560.Source