El Salvador To Airdrop $117M In BTC To Citizens – June 25

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Current Bitcoin Price:Β $33,513

Bitcoin price made a push to as high as $35,495 overnight, but has since retreated to yesterday’s levels after a rejection at resistance.

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Top Stories for June 26, 2021 πŸ”₯

πŸ‘‰ El Salvador To Airdrop $117M In BTC To Citizens

El Salvador will be airdropping $30 worth of Bitcoin to all adult citizens who download and verify themselves on the Chivo e-wallet app.

Assuming that around 60% of the 6.5 million citizens of the country are adults, estimates place the total airdrop at about $117 million worth of Bitcoin – 3,440 BTC at current prices.

Bitcoin is set to become legal tender in El Salvador on September 7 of this year, following the approval of a bill earlier this month.

πŸ‘‰ Beeple Launches NFT Platform With Backing From TIME, Warner And Others

Crypto-famous digital artist Beeple has helped launch a new NFT platform with backing from TIME, Warner Music Group, Universal Music Group and more.

The platform, We.new, will host auctions and sales of iconic moments in sport, politics and art in the form of NFTs based on Ethereum.

πŸ‘‰ Custodian Prime Trust Terminates Contract With Celsius Network

Prime Trust, a crypto custody services firm, has dropped crypto finance platform Celsius Network citing “red flags”.

The companies had been partnered for more than a year, however Prime Trust refused to comment on the decision. Once source familiar with the situation claims that the Prime Trust risk team was concerned about Celsius and their re-hypothecation processes.