The price of Bitcoin rose to $ 44,000, thus reaching a multi-month high. This allowed the digital asset to break free from the trading range it had been trapped in since May.
Throughout the week, several analysts suggested that a higher rally was in the works as various indicators were showing bullish signals. At press time, the largest cryptocurrency by market value, Bitcoin rose to $ 44,555. Thus reaching growth of 5% more in the last 24 hours. According to our internal crypto online tool.
Cryptocurrency traders and analysts say the risk-taking mood has returned to the digital asset markets. Right after a bear market in which prices fell below $ 30,000 from an all-time high in April near $ 65,000.
A new bill in Ukraine will allow payments in Bitcoin and cryptocurrencies, claims official
A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin. Despite not recognizing cryptocurrencies as legal tender. A government official claimed.
Oleksandr Bornyakov, Deputy Minister of the Ministry of Digital Transformation of Ukraine, is confident that it will be “quite legal to pay with cryptocurrencies” in Ukraine through payment intermediaries that allow the conversion of crypto to fiat.
The official said in an interview on Friday with local financial publication Minfin that Ukraine’s bill on virtual assets “clearly states” that cryptocurrencies do not constitute legal tender in the country. Only allowing crypto purchases.
However, the bill stipulates that local payment processors could continue to provide crypto-to-fiat conversion services. This in order to allow payments derived from cryptos.
China’s Bitcoin mining ban marks a ‘game changer’ for EV adoption
Following Beijing’s measures against energy-intensive Bitcoin mining, Guizhou province has become the first in the country to use its released energy capacity to promote a climate awareness program.
This hydroelectric power-rich southern province recently announced a plan to build at least 4,500 electric vehicle charging stations in 2021. It will rise to 5,000 in 2022 and to 5,500 the following year.
As reported by the South China Morning Post, Beijing’s pressure on Bitcoin miners has released more than 50 terawatts enough to maintain an industrialized city. With one million inhabitants for 33 years or to meet the charging needs of 10 million Tesla Model 3s per year.
Messi’s legendary football career will be immortalized in new NFT collection
The golden goals of the acclaimed Argentine footballer Lionel Messi can now be recorded forever on the Blockchain.
Lionel Andrés Messi Cuccittini, better known as Leo Messi, announced this week that he is about to launch his first collection of non-fungible tokens (NFT). The renowned Argentine-born footballer, who made his career with Futbol Club Barcelona, took to Twitter to make his more than 167,000 followers aware of the initiative.
Widely regarded as the best player of his generation, the 34-year-old will be celebrated in an authenticated NFT collection, dubbed “The Messiverse.” Messi announced that the new collection will be available through the Ethernity platform, a collectibles marketplace based on the Ethereum blockchain.
As such, the new collection will be fully dedicated to Messi’s successful soccer career. Who is the only footballer in history to have won the Ballon d’Or six times. The initiative comes in association with artist BossLogic, who has designed four NFT series to immortalize Messi’s milestones on the field.
America’s infrastructure bill would add $ 250 billion to huge U.S. debt
The US tax bill that could hurt holders of Bitcoin (BTC) and cryptocurrencies “will continue to plunder future generations.” Holds Cameron Winklevoss.
According to new estimates, the infrastructure bill being debated in Washington would accumulate a quarter of a trillion dollars more in debt.
As the controversial bill makes its way into government. Cryptocurrency supporters continue to warn of a potential tax nightmare that they argue can still be easily avoided.