

🗓 Weekly Digest: EBA on regulating the cryptocurrency market, first Bitcoin purchase, and CBDC sale in Zimbabwe.
News roundup for the past week!
✅ Central banks are proposed to have the right to ban stablecoins
The head of the European Banking Association (EBA), José Manuel Campa, stated that central banks should block large stablecoins if they have fears that they could undermine monetary policy in the region. He cites that the use of open-source blockchains can be financially unwise."Central banks should have the ability to prohibit the widespread introduction of so-called stablecoins" if they affect public policy goals, including financial stability or monetary policy, - noted Campa. The Campa Agency will also be responsible for direct supervision of major issuers in accordance with MiCA.
✅ The number of Bitcoin wallets with a balance of more than 1 BTC exceeded 1 million for the first time in history
The most notable growth occurred during the FTX exchange crash period. In total, about 190,000 new addresses with a balance of >1 BTC appeared since February 2022. Is the best time to enter crypto when investors are prone to fear and apprehension?
✅ Zimbabwe conducted the first sale of its own CBDC for $12 million
The country's central bank reported that it received 135 applications to purchase tokens backed by gold. Their total amount was 14 billion Zimbabwean dollars ($12 million). The authorities are not stopping and are preparing for a second sale on May 18. The project aims to reduce the African country's dependence on the dollar.
✅ The first item purchased with BTC was not a pizza but a JPG image
The story about how a user tried to sell a JPEG image for 500 BTC in 2010 is actively discussed in the network for the last month. The transaction was successful, and therefore, this image is the first item purchased with bitcoins. Prior to this, it was believed that the first transaction was the purchase of pizza for 10,000 BTC, which crypto enthusiasts even like to celebrate annually on pizza day.
✅ Is Elon Musk stepping away from operational activity on Twitter?
Billionaire and owner of Twitter, Elon Musk, is in talks to appoint Linda Yaccarino as the new CEO of Twitter. The Wall Street Journal reports that Yaccarino previously worked at NBCUniversal for over ten years and was critical in launching the ad-supported streaming service Peacock.