Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin. Indira Kempis, a senator representing Nuevo León state, is confident that Bitcoin should be legal tender in Mexico because Bitcoin…
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El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product but also for the local tourism development. According to El Salvador’s tourism minister Morena Valdez, the tourism industry in El Salvador surged more than 30% since the adoption of the Bitcoin…
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The Stock Exchange of Thailand (SET) is looking at launching a new digital asset exchange integrated with the cryptocurrency market, according to president Pakorn Peetathawatchai. The SET is expecting to launch its own digital asset exchange in 2022, planning to enable new exposure options like investment tokens and utility tokens, Peetathawatchai said in a Bloomberg…
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Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin. David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin…
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As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto execs have been increasingly talking about a potential continuous bear market or a “crypto winter.” Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early…
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Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following…
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Global cryptocurrency enthusiasts have expressed concerns over Canadian authorities freezing bank accounts and crypto wallets involved in funding local COVID-19 protests. On Thursday, Ontario Superior Court Justice Calum MacLeod issued an order freezing all the digital assets and bank accounts associated with “Freedom Convoy,” a series of ongoing protests against COVID-19 vaccine mandates and restrictions.…
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The Ministry of Finance of the Russian Federation has officially initiated work on the country’s cryptocurrency regulation bill, filing the first public notice on the federal legal portal. Russia’s finance ministry on Thursday filed two development notices announcing the start of the process of developing a legal framework for activities related to transactions with digital…
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Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia. Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with local authorities, lawmakers and experts in the cryptocurrency industry. Founded in 1990, the…
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Ukraine’s parliament, the Verkhovna Rada, has approved some significant amendments in the country’s major cryptocurrency-related legislation known as the bill “On Virtual Assets.” The Ukrainian Rada passed the legislation in the second reading during a plenary session on Thursday, with 272 out of 365 deputies supporting the bill. The deputies specifically approved several bill recommendations…
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