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El Salvador uses Bitcoin profit to build animal hospital and 20 schools

The announcement was made by President Nayib Bukele while he was laying the foundation stone for the country’s first veterinary hospital – the country set to use $4mn profit from its Bitcoin Trust to build additional schools.

El Salvador set up Fidebitcoin after the country adopted Bitcoin as legal tender in September. The fund currently has $150m in reserves and is being managed by the Bank for the Development of El Salvador.

El Salvador’s decision to make Bitcoin legal tender has been controversial. However, Reuters reported in October that a growing number of locals have experimented with the digital currency, with a couple of million dollars remitted by migrants in other countries each day.

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Forwarded from Blockchain Report
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges.

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Forwarded from SBMK info
Microsoft to Offer Mesh, a Corporate Metaverse for Teams

Microsoft has announced the launch of a metaverse-inspired feature for its Teams app called Mesh.

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Forwarded from IEAOE
BTC Futures Open Interest Continues to Rise Following Bitcoin ETF Listings Last Month

Bitcoin futures open interest continues to remain high after the launch of the first bitcoin exchange-traded fund ETF on October 22.

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US Lawmakers Urge SEC to Permit Trading of Bitcoin Spot ETFs

U.S. lawmakers have called on the Securities and Exchange Commission SEC to approve bitcoin spot exchange-traded funds ETFs.

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Forwarded from Skawk
The story of @Shawunawaz, the sword of the chosen one @SABMYK is a very old story - may be even the oldest story of all!

t.me/shawunawaz
Forwarded from Best Token News
NEW - World's biggest podcaster Joe Rogan accepts $100,000 Bitcoin  payment

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Forwarded from Cryptoart Museum
Indian Payments Giant Paytm Could Offer Bitcoin Services if Government Makes Crypto Legal, Says CFO

Paytm, one of India’s largest payments companies, is open to offering bitcoin services if the crypto asset becomes legal in the country, according to its chief financial officer.

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Forwarded from Best Token News
Indiana’s Star Bank Launches Bitcoin Trading Services

Star Financial Bank Star Bank says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers.

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Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization

Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade.

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Crypto or not? Russian officials comment on the future of digital ruble

The
digital ruble, a prototype of which will be revealed as soon as this year, is expected to receive separate legal regulation. The detailed amendments will reportedly be adopted after the experiment, scheduled for 2022.

Unlike conventional digital currencies, the digital ruble will be used as legal tender, according to Alexey Minaev, the deputy director of the Department for Digital Economy Development in the Ministry of Economic Development, as quoted by Izvestia.

Minaev said that this form of money has little to do with cryptocurrencies.

Development of the legal basis will start in January 2022, and amendments will be proposed to at least eight laws and five codes, the head of the Committee on Financial Markets in the Russian State Duma, Anatoly Aksakov, told the media.

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Forwarded from NFT Collector Group
Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3

Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year.

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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others.

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Forwarded from Best Token News
Elon Musk Lets Twitter Poll Decide if He Should Sell $20 Billion in Tesla Stock — Investors Suggest Buy Bitcoin

Tesla and Spacex CEO Elon Musk has asked his Twitter followers whether he should sell his Tesla stock.

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JUST IN - #Tether, the unregulated "central bank" for crypto, has minted 3 billion USDT in the first week of November as Bitcoin rises.

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Forwarded from Best Token News
The Crypto Economy Soars Past $3 Trillion — Momentum of Value Grew Much Faster Than Apple’s Market Valuation

On November 8, 2021, the cryptocurrency economy’s market capitalization reached the $3 trillion mark after gathering significant value over the course of 12 years.

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