Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
El Salvador’s government aims to upskill 80,000 employees through a comprehensive Bitcoin certification program that emphasizes strategic management and public policy. Mt. Gox-linked crypto wallets shifted $700M to a new, unknown wallet, though the jury’s out on whether it’s for creditor distributions or not. Meanwhile, Donald Trump says he will consider Tesla CEO Elon Musk for a Cabinet position if he wins the 2024 presidential election.
El Salvador launches Bitcoin certifications for civil servants
The National Bitcoin Office (ONBTC) of El Salvador will roll out a Bitcoin instruction and certifications training program for 80,000 government employees.
The 160-hour virtual and asynchronous training session — Certification in Public Administration 1 — is divided into seven modules, each detailing several concepts, laws, skills and management related to the use of Bitcoin as legal tender.
Stacy Herbert, director of ONBTC, expects the training to have a “compounding effect” on El Salvador’s Bitcoin-driven economy. “These education projects are very low time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,” she added.
Mt. Gox shifts out $700M in Bitcoin, first major move in 3 weeks
Defunct crypto exchange Mt. Gox has just moved around 12,000 Bitcoin to a new, unknown wallet address in its first major transaction since the end of July.
Mt. Gox made the move around 11:39 pm UTC on Aug. 20, sending 12,000 Bitcoin (BTC), worth $709.4 million, to an empty address starting with “1PuQB.”
It also sent 1,265 BTC worth $74.8 million to the address starting with “1Jbez,” which is labeled as a Mt. Gox cold wallet on Arkham Intelligence. The funds haven’t moved since.
The major move could mean Mt. Gox is preparing to distribute more Bitcoin to its creditors, who have been waiting to get their crypto back after the exchange was hacked and then collapsed in 2014.
Though Galaxy’s head of research, Alex Thorn, believes otherwise.
Thorn believes only a small amount of the funds moved — $74.5 million — is intended to be distributed, with the rest going into “fresh cold storage” still owned by the estate.
In either case, it marks the first big Bitcoin move from Mt. Gox since July 30, when Mt. Gox moved 47,229 BTC to three unknown wallets over a three-hour period.
Trump says Elon Musk may have a seat in new administration
Republican presidential nominee Donald Trump says he would consider adding entrepreneur Elon Musk to his Cabinet if he wins the November election.
In a recent Reuters interview, Trump said he “certainly would” consider Musk for a Cabinet or advisory role starting next year. He did not specify which of the 15 executive departments Musk would assume.
Musk interviewed Trump on X Spaces last week. The interview was delayed by more than 30 minutes due to a “massive DDoS attack” on the social media platform.
“As this massive attack illustrates, there’s a lot of opposition to people just hearing what President Trump has to say,” Musk said during the interview.
Trump has adopted a pro-Bitcoin stance as part of his presidential campaign. Earlier this month, he cautioned President Joe Biden not to sell the United States government’s BTC holdings.
To read article in Arabic, please visit the website Crypto Mena
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