The IMF warns that Crypto can pose significant risks, claiming to be closely following the events of making Bitcoin adoption a legal tender, that is taking place in El Salvador, and it is potentially damaging negotiations.
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The Bitcoin Mining Power, in the network since April, has been presenting instability in its hashrate, suffering considerable drops that have made the mempool look saturated. Yesterday, there was a drop of about 40% in the hashrate, this being the worst drop since May 2017 , when it plunged 55%.
The Legislative Assembly of El Salvador approvess the Bitcoin Law with a qualified majority, becoming the first country in the world to give legal tender to the first cryptocurrency.
“We are only going to invest in Bitcoin”, says the SkyBridge Capital CIO, who says the company will only invest in bitcoin after they have studied investing in gold
“We must communicate that the miners are helping the development of renewable energies. Any medium is good to report this, ”said Jason Les, CEO of Riot Blockchain.
El Salvador wants bitcoin, and could be the first to put digital currency in its reserve. The plan is to include people in the economy, with a high number of unbanked people in the area.
YENTS (Young Entrepreneurs Network Token) is a stablecoin and its launch will be in November 2021. Will be initially used to pay for training and participation in sporting events.
BDigital Yuan distribution will take place through a lottery in Beijing. Lucky winners will receive one of the 200 000 “red envelopes”.
Adding ethereum mining to its own products is a big surprise move from one of the world’s best-known anti-virus software makers. Starting June 3, some users will be invited to test the new feature named Norton Crypto.
The Bitcoin donation to Hamas terrorist group does not mean that the currency is a “crime currency”, as many proclaim. Fiat is also widely used for money laundering as well as funding terrorist organizations.
Advertising linked to the cryptomarket on Google has been banned since 2018, precisely an effect of the boom that the market came in 2017, leading to an explosion of different offers from ICOs and brokers that applied scams. Now Google will allow once more, advertising on cryptocurrencies
This case may be related to the Chinese Mining Ban, causing a drop in the network’s hashrate and leading to Bitcoin Mempool being almost empty, meaning faster and cheaper transactions.