Equity markets were spooked by the announcement of a Russian invasion of Ukraine which led to lower prices on the morning of February 24th, 2022. Upon market open, the Dow Jones Industrial Average traded -1.3%, the Nasdaq traded -2.6%, Germany’s DAX traded -5%, and the U.K.
China announced an amendment that will allow the courts to jail those found guilty of raising funds via “virtual currency”. China has banned crypto-based fundraising since 2017 and has amended this Criminal Law to increase the punishment to jail sentences which will vary from three years to over ten years
El Salvador’s tourism sector represents one of the largest sectors of economic growth for the Latin American country. Since the adoption of Bitcoin as legal tender in El Salvador, one of the most positively impacted sectors of the country has been tourism.
According to the Minister of Tourism (MITUR)
El Salvador’s tourism sector represents one of the largest sectors of economic growth for the Latin American country. Since the adoption of Bitcoin as legal tender in El Salvador, one of the most positively impacted sectors of the country has been tourism.
According to the Minister of Tourism (MITUR)
Equity markets were spooked by the announcement of a Russian invasion of Ukraine which led to lower prices on the morning of February 24th, 2022. Upon market open, the Dow Jones Industrial Average traded -1.3%, the Nasdaq traded -2.6%, Germany’s DAX traded -5%, and the U.K.
China announced an amendment that will allow the courts to jail those found guilty of raising funds via “virtual currency”. China has banned crypto-based fundraising since 2017 and has amended this Criminal Law to increase the punishment to jail sentences which will vary from three years to over ten years
On Wednesday, German media outlet BTC-ECHO reported that the European Parliament (a legislative branch of the European Union) finalized a new draft of their Markets in Crypto-assets (MiCA) framework. According to the report, the new draft proposes a ban on “environmentally unsustainable consensus mechanisms” like the Proof-of-Work (PoW) protocol used
Nuevo León Senator Indira Kempis visited El Salvador earlier this month to observe the developments the country has undergone. President Nayib Bukele stated that El Salvador grew its GDP by 10.3% in 2021 and had never reached double digits beforehand. Tourism in the country also grew by 30% after
The Brazilian Senate is set to vote on a bill that would allow the largest Latin American country to regulate cryptocurrency. The bill was unanimously approved by the CAE, which gives a positive outlook for the the Senate vote. After the bill is passed by the Senate and the lower
On Tuesday, the Bitfury Group - one of the world’s leading Bitcoin mining technology companies - announced that they were launching a new mining center in Sarnia, Ontario. The facility is already operational and is expected to reach a capacity of 16MW by the end of February and 28MW
The CEOs of two of the most prominent cryptocurrency-trading platforms, Coinbase and Kraken, sent tweets that appeared to offer advice on how crypto users could evade restrictions on funding by taking crypto off exchanges into self-custody. The OSC’s manager of public affairs Kristen Rose said that the regulators are
