El Salvador to Issue $1 Billion in BTC Bonds and Use $500 Million of It to Buy More BTC
Nov. 21 (Bloomberg) -- The president of El Salvador has confirmed that he is building the first bitcoin city and will issue $1 billion in BTC bonds on the bitcoin sidechain Liquid. By issuing Bitcoin bonds to fund the construction of Bitcoin City's infrastructure. El Salvador's president plans to use $500 million of the $1 billion BTC bond to buy more bitcoin.
2021-11-21 15:14:23
U.S. Congressmen Ask House Speaker to Revise Encryption Provisions in Infrastructure Law
Nov. 21 (Bloomberg) -- Ten members of the U.S. House of Representatives have sent a joint letter to House Speaker Nancy Pelosi calling on Pelosi to address the encryption provisions in the infrastructure law. The letter was signed by Darren Soto, Ro Khanna, Stacey Plaskett, Eric Swalwell, Tim Ryan, Susan Wild, Marc Veasey, Jake Auchincloss, Al Lawson and Charlie Crist. The letter emphasizes that "those who profit in the cryptocurrency market should pay a fair share of taxes" and urges regulators to ensure that crypto does not make it easier for criminals to circumvent laws and regulations. We must regulate cryptocurrencies sensibly, but the legislation should not undermine the crypto industry when it comes to regulation.
2021-11-21 15:13:12
IFINEX, parent company of Bitfinex, announces partnership with El Salvador to create regulatory framework for digital assets and securities
Market news: IFINEX, the parent company of trading platform Bitfinex, announced a partnership with El Salvador to create a regulatory framework for digital assets and securities.
2021-11-21 15:10:53
Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions
The controversial $1 trillion infrastructure bill will see a vote in the U.S. House of Representatives without any amendments to the crypto tax provisions by Sept. 27. The vote was agreed to after the House narrowly approved the Democrats’ $3.5 trillion budget blueprint in a vote of 220 to 212. Despite some initial pushback from moderate Democrats, the dissident voters were swayed after House Speaker Nancy Pelosi committed to pass the bill before Sept. 27. Pelosi stated: In late July, last-minute cryptocurrency provisions were added to the infrastructure bill in a bid to raise a further $28 billion through expanded tax obligations for the crypto sector.
2021-09-03 23:58:53
Celsius becomes first CeFi or DeFi platform to cross $20B AUM
Crypto lending platform Celsius Network has reported it holds more than $20 billion in digital assets, making the company one of the largest in decentralized finance. In a Tuesday announcement, Celsius said its holdings had grown more than 1,900% in less than a year, from $1 billion in June 2020 to $20.3 billion as of Aug. 13. The company conducted an internal audit using technology provided by analytics firm Chainalysis, also determining it was adding roughly $1 billion in new digital assets monthly. According to Celsius CEO Alex Mashinsky, the platform’s growth could be attributed to its “low-cost lending and high-interest yield on 43 cryptocurrencies” as well as its community-centric model. The Celsius website shows the platform currently has more than 962,000 users, or roughly 1% of its goal “to bring the next 100 million people into crypto.”
2021-09-03 23:58:50
MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC
MicroStrategy has once again purchased more Bitcoin (BTC), with the company adding 3,907 BTC to its holdings. According to a Form 8-K filing with the United States Securities and Exchange Commission published on Tuesday, the business intelligence upped its Bitcoin holdings by 3,907 BTC between July 1 and Monday, Aug. 23. The SEC filing also revealed that MicroStrategy spent an average of $45,294 to acquire the additional Bitcoin.
2021-09-03 23:58:49
FTX’s Bankman-Fried remains cautious about nascent NFT space
In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens’ (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly educated in the space. The 29-year-old crypto entrepreneur and founder of trading company Alameda Research and crypto derivatives exchange FTX intimated that conversions have occurred with his own clients regarding their intent to purchase digital assets, but those same clients can become tentative when challenged on the genuine utility of their new asset. “It’s almost going mainstream faster than the mainstream understands what it is they’re adopting, which is a weird phenomenon,” Bankman-Fried claimed.
2021-09-03 23:58:48
Poll shows Brits concerned over the prospect of a digital pound
The results of a recent survey undertaken by Redfield & Wilton Strategies on behalf of Politico suggest that a plurality of the British adult population hold visceral concerns surrounding a Bank of England (BOE)-issued central bank digital currency (CBDC). The 2,500 British adults surveyed in the study in early August expressed doubts and concerns on the inherent societal benefits of the issuance of a CBDC by the Bank of England. According to the data, 30% of participants believe that a “Britcoin” CBDC is “more likely to be harmful than beneficial to the UK,” with 24% believing that it could be beneficial, while the remaining participants at 46% were undecided.
2021-09-03 23:58:47
Ethereum network's hashrate is 613,610.93 GH/s，mining difficulty is 8,143.78T
According to data from eth.btc.com，ethereum network's hashrate is613,610.93 GH/s，mining difficulty is8,143.78T. ETH's price ：$ 3,198.35 Avg Gas Price：178.00Gwei Pending Txs ：169128
2021-09-03 23:58:46
Upbit reportedly first crypto exchange to file with Korean regulators
Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU). Upbit reported its digital asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator, Dunamu, announced the news on Friday, The Korea Economic Daily reported. Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit, and reportedly makes up more than 80% of the local cryptocurrency market. FSC vice chairman Doh Gyu-sang said that the authority will be ready to accept more reports from the most popular South Korean exchanges in the near future. The official said that the FSC expects one or two more crypto exchanges to have filed reports by the end of August.
2021-09-03 23:58:45