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MicroStrategy Acquires Extra 7,002 Bitcoins, Bringing its Portfolio to over 121K BTC

Ever since institutional investments started trickling into the Bitcoin market, the leading cryptocurrency has experienced exponential growth, with its market capitalization topping $1 trillion. One of the notable institutional investors includes American business intelligence firm MicroStrategy that has continuously accumulated Bitcoin to 121,044 BTC over the past year. The firm’s CEO Michael Saylor confirmed the … Continue reading MicroStrategy Acquires Extra 7,002 Bitcoins, Bringing its Portfolio to over 121K BTC

Thai Central Bank Urges Less Engagement With Crypto, Other Sectors See Otherwise Instead

Due to the volatile nature and potential risks to the financial and payment stability of cryptocurrencies, the Bank of Thailand (BOT) has urged commercial banks to stay away from trading with digital assets, Bloomberg reported. BOT Senior Director Chayawadee Chai-Anant advised commercial banks to focus on safety at a press briefing, stating “they (banks) are responsible … Continue reading Thai Central Bank Urges Less Engagement With Crypto, Other Sectors See Otherwise Instead

Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps

Crackdowns targeting blockchain and cryptocurrency affiliated entities are taking a new twist in South Korea as the government has started blocking play-2-earn (P2E) gaming apps. As reported by local media platform Naver, the government has requested global app marketplace operators such as Google and Apple to block the registration of related apps. According to the … Continue reading Korean Government Reportedly Asks Google and Apple to Remove P2E Gaming Apps

Crypto Payments Ranks as Top Suggestion to Airbnb, Customers Request Better Service

Just at the beginning of this new year, Airbnb’s Co-Founder and Chief Executive Officer, Brain Chesky, asked his Twitter followers what they would like the company to improve on, or better put, what they would like the company to launch in 2022. According to a later post by Brian, the tweet, which comes as a request … Continue reading Crypto Payments Ranks as Top Suggestion to Airbnb, Customers Request Better Service

Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill

Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill, highlighting the ground rules and day-to-day usage of digital currency funds. The committee passage is crucial in the legislative process because the bill awaits a vote on the Senate floor. If it sees the light of day, the final … Continue reading Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill

Thailand Considers Opening Crypto Payments for Russian and Ukrainian Tourists

Following Mastercard and Visa suspension of Russian credit cards abroad based on international sanctions, Thailand is looking at accepting cryptocurrency payments to help Ukrainian, and Russian tourists transact, according to local outlet Thai Enquirer.  Bhummikitti Ruktaengam, the Phuket Tourist Association (PTA) President, confirmed that they were in talks with the Bank of Thailand to accept … Continue reading Thailand Considers Opening Crypto Payments for Russian and Ukrainian Tourists

Rio de Janeiro to Accept Crypto Property Tax Payment from 2023

Rio de Janeiro is gearing up to be the first city on Brazilian soil to accept tax payment in cryptocurrencies from 2023, according to Bloomberg Linea.  As a result, plans are underway for the municipality to hire companies that will aid in the conversion of crypto assets to the Brazilian Real, the nation’s currency. As … Continue reading Rio de Janeiro to Accept Crypto Property Tax Payment from 2023

IMF Warns Countries against Adopting Cryptocurrency as Money

The International Monetary Fund (IMF) has warned nations to desist from adopting Bitcoin as their legal tender against central bank-issued money. While speaking at IMF Spring Meetings on Friday, Kristalina Georgieva, the IMF Managing Director, said that it is not advisable for countries to embrace cryptocurrency as money in the economy. Georgieva’s statement comes from … Continue reading IMF Warns Countries against Adopting Cryptocurrency as Money

Italian Government to Provide €45m in Grants for Blockchain Industry

Italy’s Ministry of Economic Development is planning to provide up to $46 million in subsidies for developing projects across artificial intelligence, blockchain and Internet of Things technologies, starting in mid-to-late September. The new policy is expected to strengthen research and innovation capabilities for industries. Minister of Economic Development Giancarlo Giorgetti said “the challenge of competitiveness … Continue reading Italian Government to Provide €45m in Grants for Blockchain Industry

Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM

Despite El Salvador experiencing heavy losses in its Bitcoin bet, finance minister Alejandro Zelaya has defended the country’s strategy to adopt Bitcoin as legal tender. Zelaya made such revelations in an interview on Wednesday. While it is almost a year into El Salvador’s bet on Bitcoin, critics have urged the nation to drop the experiment … Continue reading Bitcoin Is Working Despite Broad Market Downturn, Says El Salvador FM

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