Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

submitted by /u/maestroPirlo [link] [comments]

If each token had a slogan, what would it be?

What if each token had a slogan? I think we will get some fun results some even worthy of a moon tip. I won't put a character limit on these slogans so let your imagination go wild. Would be great if we can get Shakespeare bot on some of these. I guess I will start…
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Why One Bank Thinks ETH Is Headed for $35K

submitted by /u/sportifynews [link] [comments]

El Salvador’s new bitcoin wallets could cost Western Union $400 million a year

submitted by /u/Roy1984 [link] [comments]

If ADA smart contracts end up being a fiasco what is the best to do?

I was reading a bit today some discussions regarding the new smart contracts that ADA plans to launch. Good points from both supporters and oposition to the change that is being done. I for one, believe that they can make it work, but I am well aware that theres a good chance it wont go…
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US crypto exchange CrossTower expands to India

CrossTower is betting on the growing crypto market in India despite the uncertainty over the legal status of Bitcoin in the country.

Which parts of the Ethereum Ecosystem will be obsolete when Ethereum completes its switch to Ethereum 2.0? What will happen to Polygon (MATIC) for example?

I think big changes in Ethereum will lead to big changes in the Ecosystem or am I wrong? submitted by /u/Morgentau7 [link] [comments]

Hackathon with $150k in prize money starts Friday if anyone is interested

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McDonald’s Starts Accepting Bitcoin in El Salvador

Popular fast-food franchise – Mcdonald’s – is receiving payments in Bitcoin, only in El Salvador. This development followed the Central American country’s adoption of the cryptocurrency as a legal tender on Tuesday. McDonald’s Accepts Bitcoin Through Lightning Network All businesses across El Salvador will be required to accept Bitcoin in exchange for goods and services. But those who are technologically unable to receive cryptocurrency can be exempted from the law. Although the law stipulates that businesses must accept Bitcoin, many people had doubts about whether companies would be able to integrate Bitcoin payment solutions by the time the law went into effect. However, Twitter users reported being able to pay for breakfast at the franchise with Bitcoin on Tuesday, the first day on which it became legal tender in the Central American nation. Aaron van Wirdum, a journalist,  broke the news after he visited a McDonald’s restaurant in El Salvador, where he was presented with a printed QR code directing him to an invoice page on Lightning Network. “Just walked into a McDonald’s in San Salvador to see if I could pay for my breakfast with bitcoin, tbh fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with Lightning invoice, and now I’m enjoying my desayuno traditional!” The president of El Salvador Nayib Bukele also shared updates and tutorials on how to use the Bitcoin wallet – Chivo. Related Reading | Bitcoin Suffers 10% Pull Back On El Salvador’s Debut, Funding Rates Dip Other franchises like Starbucks and Pizza Hut have also expanded their payment services to include Bitcoin in the country. Twitter user Mario Aguiluz (@maguiluz301) said: “This is to all the critics who said #Bitcoin would never be used to buy coffee. Just paid for mine at Starbucks in #ElSalvador. I just hope this doesn’t become the new 10,000 BTC pizza…” BTC at $46K | Source: BTCUSD on TradingView.com OpenNode, a bitcoin payment processor based in California, confirmed to Forbes it has formed a partnership with McDonald’s to allow it to begin accepting bitcoin. Bitcoin can now be used to pay at all 19 McDonald’s locations in the country, as well as online and through the delivery app, OpenNode said. OpenNode spokesperson Ryan Flowers said his team is “currently onboarding multiple multi-billion dollar businesses based in El Salvador.” Key Background On Tuesday, El Salvador became the first sovereign government to adopt bitcoin as legal tender alongside its existing currency, the U.S. dollar. It allows the country’s residents to pay taxes and other debts using bitcoin, and for businesses to widen their payment options to the cryptocurrency. Related Reading Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations Bitcoin enthusiasts are wondering if the Bitcoin payment solutions will be adopted by these companies in other countries, especially in the United States. What do you think about the adoption of bitcoin in El Salvador? Is Bitcoin on its way to becoming the currency of the world? Share your thoughts with us here. With #Bitcoin becoming legal tender in #ElSalvador, how long until it becomes the global reserve currency? @nayibbukele — Bitcoinist.com (@bitcoinist) September 7, 2021 Featured image from Eater, Chart from TradingView.com

Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market

The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s […]