Damus, a decentralized social network backed by Jack Dorsey, could be removed from the Apple App Store for allowing Bitcoin payments. This and more news in this practical summary daily, so that the most recent events occurring within the crypto world are available.
Jack Dorsey and Tim Cook on Bitcoin
Twitter co-founder Jack Dorsey has questioned Apple CEO Tim Cook for failing to embrace Bitcoin at the company. Via Twitter, Dorsey asked Cook “Why doesn’t Apple Pay support Bitcoin?”
The question was followed by a post by Dorsey-backed decentralized social network Damus about integrating peer-to-peer payments with Bitcoin into the Apple App Store.
On June 27, Damus tweeted that “Their suggested fix is to use apple pay. Sure, I’ll use apple pay when it supports censorship-resistant, peer-to-peer payments to anyone in the world. Maybe start with peer-to-peer first?”
A few weeks ago, Damus received a notification from Apple stating that she would be removed from the App Store for violating their terms of service.
Apple pointed out the use of “zaps”, a mechanism with which Damus implements payments with Bitcoin and Lightning Network, and that users of the social network use to pay for digital content, as a violation of its terms of service.
Although Apple does not allow Bitcoin, its CEO revealed himself as an investor in this cryptocurrency in 2021. In August of last year, Cook said during an interview with The New York Times that it was interesting to buy bitcoins. In 2021 he indicated that he was attracted to new technologies.
The SEC and Spot Bitcoin ETFs
Will the US Securities Regulator Approve a Bitcoin ETF in the Spot Market? According to Hugo Botto, creator of the Healthy Pockets channel, August could be a historic month for Bitcoin and the cryptocurrency industry in general.
In August, the United States Securities and Exchange Commission, the SEC, will respond to requests for spot Bitcoin ETFs from ARK Invest and 21 Shares.
The SEC will approve or reject Bitcoin ETF applications submitted by these investment firms on August 13, it reported.
Earlier this month, managed fund giant BlackRock filed a registration request to create a Bitcoin spot ETF in the United States.
Reuters reported that Fidelity Investments, which manages more than $4 trillion in client assets, will also file an official application with the SEC to create a Bitcoin exchange-traded fund that tracks the price of the cryptocurrency directly on the market.
Investors Bet on the Web3 Gaming Sector
Web3 games attracted nearly $500 million in investment in May. A report published by DappRadar notes that the Web3 gaming sector is gaining more and more attention from investors. This is demonstrated by the monthly figures for the capital that this sector has attracted.
Last May, Web3 games totaled $476 million in investments, the platform reported. This is 13% more than the investments registered in the month of April, which were $421 million dollars. With respect to the first two months of the year, January and February, investments in the Web3 games sector have increased by 305% and 321%, respectively.
According to the report, interest in Web3 games is concentrated mainly in Asia, a region that is gaining more and more prominence in the crypto/blockchain industry. Governments such as Japan, South Korea, Singapore, the United Arab Emirates, China, and the Hong Kong administrative region are driving the development of Web3.
By Marina Meza
