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CoinMarketCap Daily, June 25: El Salvador Airdrops BTC to Citizens

Published on:
June 25, 2021

Today, CoinMarketCap dives into how El Salvador's BTC airdrop will work and what's been going on with the Robinhood IPO.

CoinMarketCap Daily, June 25: El Salvador Airdrops BTC to Citizens

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El Salvador's Big Bitcoin Reward 💰

Salvadoran adults who download the government's crypto wallet are going to receive $30 in Bitcoin as a reward. President Nayib Bukele also confirmed that BTC will become legal tender from September 7. A new app will facilitate instant conversions from Bitcoin to dollars. Bukele has been trying to reassure those concerned about the radical move. Read more here.

Crypto Worth $158M Seized in London 🇬🇧

One of the world’s biggest cryptocurrency seizures has been made by British authorities. London’s Metropolitan Police confirmed it had taken custody of digital assets worth £114 million ($158.5 million). The force’s Economic Crime Command said the seizure came “on the back of intelligence received about the transfer of criminal assets.” Here's what we know.

Malware Hidden in Torrents Mines Monero 🚨

Hackers have pocketed $2 million from malware that mines Monero without victims knowing. Avast says "Crackonosh" is found in illegal copies of popular video games on torrenting sites. Estimates suggest 222,000 systems worldwide have been infected. "When you try to steal software, odds are someone is trying to steal from you," its researchers warn. Learn more.

Robinhood IPO Hit by Setback 😲

Robinhood's plans to make a stock market debut might suffer a delay, according to Bloomberg. The U.S. Securities and Exchange Commission has reportedly been asking the company about its growing crypto business. While a listing might be achieved in the summer, the trading app may only get up going public in the fall. Read more here.

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