Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy. Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar.The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as… More
The legal draft places a minimum capital requirement for crypto businesses operating in Turkey. The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Ćakir Ercan GĂŒl announced that the crypto bill would be proposed to The Grand National… More
Payment giant Visa will continue connecting the crypto economy to its ânetwork of networksâ to support the broader digital transformation of financial services. Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update.In an official statement… More
The NFT is a digital representation of the oath of office signed by Israelâs sixth president, Chaim Herzog, who is the father of President-elect Isaac Herzog. Given nonfungible tokensâ (NFT) ability to digitally represent a wide set of assets, the underlying technology has found itself with numerous use cases including property and digital collectibles.One of… More
CNBC surveyed a set of equity strategists and portfolio managers to understand investor sentiment on Bitcoin price. Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to… More
The Trail Blazers will reportedly feature the StormX logo on team jerseys for the next five years, beginning with the 2021-22 season. The Portland Trail Blazers, an American professional basketball team competing in the National Basketball Association (NBA), is moving into the cryptocurrency industry with a new partnership.The NBA announced Thursday that the Trail Blazers… More
Cryptocurrency owners are âgenerally more educated than the average,â according to a new study by the Bank for International Settlements. The Bank for International Settlements (BIS), a global financial institution owned by some of the worldâs biggest central banks, is trying to dispel the theory that cryptocurrency ownership is linked to distrust in traditional finance.On… More
Liechtenstein’s Financial Market Authority has approved a new startup called Lirium, which was founded by a Xapo co-founder and aims to streamline the integration of crypto services by banks and fintechs. The latest project from one of wallet provider Xapo’s co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein’s financial regulator for his new startup Lirium to… More
Blockchain development is one of four major programs in BogotĂĄâs new tech innovation fund. Colombiaâs capital of BogotĂĄ is funding blockchain development as part of the cityâs broader investment in innovative technologies.According to a Monday announcement on the city of BogotĂĄâs official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to… More
Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey. A new study by the United Kingdomâs Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country.On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the… More
Some regions may want to ban Bitcoin, but industry experts say BTC is here to stay. While countries like El Salvador have welcomed Bitcoin with open arms, other regions are pushing to legally ban the digital currency. Although this may be, some industry experts believe that Bitcoin (BTC) is here to stay â for good. For… More
IBM shows its commitment to Hyperledger and enterprise blockchain development with its largest-ever contribution of open-source code. The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate. For example, public enterprise blockchain use… More
Miami has a dynamic mayor, lots of VC money and is coming off the largest ever crypto extravaganza, but is that enough without legal clarity? As Miami comes down from the âhighâ of having hosted the âlargest-everâ Bitcoin event, it seems reasonable to ask: Does the Sunshine Stateâs entrepot really have what it takes to… More
JP Morgan says that El Salvador’s decision to adopt Bitcoin as legal tender is of little economic benefit. JPMorgan is the latest source to respond to El Salvadorâs decision to adopt Bitcoin (BTC) as legal currency within the country.In a client note tweeted by @DocumentingBTC, the United States banking giant stated that there was little… More
Cynthia Lummis and Warren Davidson speak on Bitcoin’s importance and personal privacy during an interview at Bitcoin 2021 in Miami. At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments… More
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