Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]
Bitfury, a blockchain business, has announced the opening of a new crypto-mining data centre in Ontario, Canada. The new mining hub joins the list of existing Canadian locations, which include Drumheller, Alberta, and Medicine Hat, Alberta. Bitfury’s new crypto mining facility in Ontario is anticipated to be operational by the end of this month, with […]
Indira Kempis, a senator from Mexico’s Nuevo León state, is working on a crypto law modelled after El Salvador’s Bitcoin Law. In the midst of El Salvador reporting on the good effect of the nation’s Bitcoin (BTC) adoption, a Mexican government official has once again encouraged the country to follow El Salvador’s lead on Bitcoin. […]
El Salvador’s Bitcoin adoption as legal cash in September 2021 has resulted in a significant increase not just in its GDP but also in local tourist growth. Salvadoran President Nayib Bukele previously said that El Salvador’s GDP will grow by more than 10% in 2021. According to Salvadoran Tourist Minister Morena Valdez, the tourism business […]
According to Arcane study, Georgia’s small population is a dark horse for Bitcoin mining, accounting for over 1% of the industry’s total hash rate. At first look, the tiny Republic of Georgia seems to be an odd suspect in Bitcoin (BTC) mining operations. Although it is a mining underdog, the nation has ample hydropower and […]
According to industry experts, the next Bitcoin bull run is expected to occur in 2024 or early 2025, coinciding with Bitcoin’s fourth halving. As the global cryptocurrency market value fell below $2 trillion last week, leading crypto executives began to discuss the possibility of a persistent bear market, or “crypto winter.” Contrary to many in […]
Moving ahead, traditional financial institutions must collaborate with cryptocurrency custodians, sub-custodians, and service providers. The digital economy is described as “the convergence of technology and finance that is increasingly characterised by digital places, experiences, and transactions,” according to Grayscale Investments’ recent study “Reimagining the Future of Finance.” With this in mind, it’s not surprising that […]
The proposal seeks to classify cryptocurrency mining as a commercial activity and impose taxes on profits earned. While the Russian government works on a regulatory framework for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. According to local news agency Izvestia, Russia’s Ministry of Economic Development has approved the […]
El Salvador, the first country to legalise Bitcoin (BTC), has recently announced the relaunch of its wallet app Chivo, which is expected to address the previous version’s stability and scalability issues. The update is welcome news for the Central American country’s crypto experiment, which has encountered some difficulties and harsh criticism in recent months. While […]