Crypto Market Overview August 8th | Dex-Trade

Crypto Market Overview August 8th | Dex-Trade

YouTube blogger Became a Space Tourist With the Support of MoonDAO

Well-known American YouTuber Coby Cotton from Dude Perfect became the first space tourist to be fully sponsored by the decentralized team of crypto evangelists MoonDAO, as he was the leader of the Discord team vote that determined the person who will represent the company in space. Cotton's flight took place on 4 August and was successful in all respects. The blogger "saddled" the New Shepard spacecraft from Blue Origin, which Jeff Bezos personally tested last year. The "bird" overcame a height of 100 km, so Cotton can say with a clear conscience that he has been in outer space, even if only for a few dozen seconds. As for MoonDAO, it seems that the company's ambitions have begun to translate into real actions for the first time. A crowdfunding platform of over 5,000 crypto enthusiasts has long been raising funds for the development of space tourism. At the moment, they have about $8 million, and space lovers are clearly not going to stop at Cotton's flight, as they loudly declare their desire to hold space parties on the Moon. In addition, MoonDAO has already announced the purchase of tickets for New Shepard for two more lucky ones. So far, the details of the flight and the identity of future astronauts have not been disclosed, but it’s known that their places have already been reserved by the company.


President of El Salvador Calls Bitcoin One of the Main Reasons for the Dawn of Tourism in the Country

The President of El Salvador and a consistent Bitcoin evangelist, Nayib Bukele, spoke about the fact that tourism in the country began to bring noticeably more income and linked this trend with the development of crypto infrastructure, the popularization of surfing and a decrease in crime. “Only a handful of countries have been able to recover its tourism to pre-pandemic levels. And that’s international tourism, so the reasons behind it are mostly bitcoin and surf.” According to the World Tourism Organization, El Salvador managed to increase its tourism income by 6% compared to 2019. This data is consistent with what authorities have been reporting on the impact of Bitcoin inclusion on the country’s economy even before accepting it as legal tender. In February, El Salvador's Minister of Tourism, Morena Valdes, already stated that the tourism industry has scaled by 30% since the adoption of crypto. Recall that the Bukele government continues to be sharply criticized because of the measures taken to curb crime. In particular, in order to combat organized criminal groups, the authorities declared a state of emergency in the country, as a result of which more than 9,000 people were detained in April last year. The same flurry of criticism followed the linking of the country's economy to Bitcoin. But it seems that now these measures have begun to bear fruit.


SEC Is “Extremely Hypocritical” Towards Crypto: Mark Cuban’s Fresh Revelation

In a recent interview with Altcoin Daily, billionaire and crypto investor Mark Cuban criticized the US Securities and Exchange Commission (SEC) for the way it treats cryptocurrencies: “The SEC is incredibly hypocritical. You know, they talk about trying to protect investors. You guys know what Pink Sheets are?… I just looked at this yesterday because two days ago someone asked me. There are 16,750 Pink Sheet stocks… probably about [the same as] the number of tokens. There is no protection for anybody anywhere coming from the SEC, and that already falls under their purview.” The businessman recalled that the protection of depositors is one of the main tasks of the SEC. At the same time, ETFs and other funds are traded on the market, which include shares from countries where, in principle, there are no SEC-type regulators, and the commission simply ignores this. On top of that, the market is full of companies that are bought and sold on major exchanges and are not even audited. That is, investors have no idea whether the figures they numbers are accurate. On the other hand, big companies like Coinbase are creating jobs and trying to operate legally, but are constantly facing bans and restrictions. Therefore, according to Cuban, such legal relations should be regulated through the CFTC, and not through the SEC, which "cares more about hiring more lawyers than getting it done the right way."