Eduardo Paes is looking to put 1% of Rio de Janeiro's Treasury reserves in #bitcoin.
While Miami has positioned itself as the cryptocurrency center of the USA, Rio aims to become the South American hub for the digital asset industry, Paes asserted:
“Rio de Janeiro has everything it takes to become the tech capital of South America. Events like the Rio Innovation Week come to strengthen the city’s image as the perfect place to work, live, and innovate.”
Eduardo Paes is not the first Brazilian politician to express sympathy towards the primary cryptocurrency. In November 2021, congressman Luiz Goularte Alves proposed a bill to enable public and private sector workers to be paid in #BTC
While Miami has positioned itself as the cryptocurrency center of the USA, Rio aims to become the South American hub for the digital asset industry, Paes asserted:
“Rio de Janeiro has everything it takes to become the tech capital of South America. Events like the Rio Innovation Week come to strengthen the city’s image as the perfect place to work, live, and innovate.”
Eduardo Paes is not the first Brazilian politician to express sympathy towards the primary cryptocurrency. In November 2021, congressman Luiz Goularte Alves proposed a bill to enable public and private sector workers to be paid in #BTC
Tinkoff Bank enters the world of #cryptocurrencies with the acquisition of a Swiss crypto startup. https://t.co/4eUEeuwjfq
Bitcoin News
Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition – Finance Bitcoin News
The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a controlling stake in Swiss startup Aximetria.
5% of JPMorgan’s clients surveyed expect the price of bitcoin to be $100K or more by year-end. #crypto #cryptocurrency $BTC https://t.co/rlvJSylIJm
Bitcoin News
JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year – Featured Bitcoin News
Global investment bank JPMorgan has asked its clients in a survey what they think the price of bitcoin will be by year-end.
These three innovations could push crypto even farther. https://t.co/ScsO4iK9o2
Cointelegraph
Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022
The trend of blockchain adoption is set to continue in 2022. Here are three sectors that are likely to pivot toward DLT solutions.
Acting Comptroller Michael J. Hsu acknowledged #crypto's growing mainstream status and calls for collaboration to reduce investor risks. https://t.co/lIq91Ww6zh
Cointelegraph
OCC Comptroller calls for federal collaboration with crypto intermediaries
The Office of the Comptroller of the Currency (OCC) recently reminded banks to demonstrate capability before getting permission to engage in crypto activities.
Following in the footsteps of Miami, Paes is also planning to establish tax incentives and discounts for residents who pay with #Bitcoin. https://t.co/vAjDfp7EjB
Bitcoin News
Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency – Bitcoin News
Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in crypto according to statements from its mayor.
Kids these days: This undergrad made $1 million by selling his selfies on the OpenSea NFT marketplace. https://t.co/6kLvyMyKEO
Cointelegraph
An Indonesian 22-year-old makes $1M by selling NFT selfies on OpenSea
Ghozali selfies were converted into NFTs and initially priced at $3 on OpenSea.
Cardano's impressive run continues with another 13% increase on a daily scale and a more notable 30% surge in the past week.
Regulators and law enforcement can’t trace cryptocurrency transactions.
Anonymous Quiz
64%
True
36%
False
Happening now in the North American Bitcoin Conference: The Future of Crypto Regulation with @CLO_Bitstamp, @LiatShetret, @vkm1, @JEH_OSL, and @propelforward.
#TNABC @keynote_ae https://t.co/mrTkyqahRv
#TNABC @keynote_ae https://t.co/mrTkyqahRv
Singapore’s central bank has issued guidelines to discourage #cryptocurrency trading by the general public. #Crypto #bitcoin https://t.co/7DMrc4gxC4
Bitcoin News
Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public – Regulation Bitcoin News
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public.
The #Crypto market cap is down by roughly $100 billion in a day as #Bitcoin and most #altcoins went on another ride south.
https://t.co/W7M2T2IOJd
https://t.co/W7M2T2IOJd
After the Pakistani central bank recommended a complete ban on cryptocurrency, Bank Alfalah asked customers to avoid conducting #cryptocurrency transactions. #crypto https://t.co/t16FaxCqrp
Bitcoin News
Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions – Regulation Bitcoin News
A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions.
What stablecoin do you use more often these days? On #Ethereum it looks like USDC is becoming the US dollar token of choice ... but it still has a long way to go to surpass Tether’s entire market cap. https://t.co/Ym3zrEQP5Q
Cointelegraph
USDC flips Tether on the Ethereum network
Stablecoin USDC from Circle has experienced a surge in total supply that pushed it past Tether’s USDT on the Ethereum network.
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Rand Paul says #inflation is "only going to get worse." Meanwhile, a decentralized #InflationOracle has been introduced to #Chainlink called #Truflation. #LINK https://t.co/JjVX7t9h8l
Bitcoin News
US Senator's Inflation Report Says 'Its Only Going to Get Worse,' Truflation Oracle Reveals True Inflation Rate – Economics Bitcoin…
A decentralized inflation oracle has been introduced called Truflation, a tool that provides a “data-driven, real-market inflation rate.”
About 261 million individuals have set up a digital yuan wallet. It is now one of the fastest-growing apps in China. #CBDC #cryptocurrency https://t.co/MHNlqCwgZg
Bitcoin News
China's Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made – Regulation Bitcoin…
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC).