According to a recent survey by Sherlock Communications, 48% of respondents are in favour of the legal introduction of cryptocurrencies. After cryptocurrencies have been official means of payment in El Salvador for a week now, almost half of Brazil’s inhabitants want the country to follow the same path. In addition, 56% of respondents support the
According to data from Chainalysis, the values of the African cryptocurrency market increased by more than 1,200 percent between July 2020 and June 2021. Probably the popularity of P2P platforms is one of the biggest factors for the high level of acceptance. Especially in Kenya, South Africa, Nigeria and Tanzania, people rely on P2P because
Last week, Ukraine’s parliament almost unanimously passed a law legalizing cryptocurrencies. Already at the beginning of last month there were reports following a new bill that would allow payments in Bitcoin & Co. This bill was adopted on Wednesday. While the law states that cryptocurrencies are not legal tender, it does suggest that the country
Despite enormous power, the crypto project has not been given the go-ahead by the regulators in Washington. However, the changes made so far since the original draft in 2019 are welcomed. Originally called Libra, the project was designed as a global blockchain payment system centred on the cryptocurrency of the well-known social media giant. With
According to a survey, around 56% of young Britons surveyed put a large part of their money in cash, which means they miss out on potential investments in crypto facilities. The main reason for this is the lack of knowledge about cryptocurrencies, with the majority of young adults indicating that they are interested in learning
China’s Development and Reform Commission announced its intention to use blockchain technology to create a more efficient energy network. A pilot project will be carried out to find out whether new ways of using electricity and new forms of energy can be exploited in this way. China said it would become climate neutral by 2060,
The latest beta update of the social media giant Twitter suggests that the option to tip Bitcoin is being tested. Back in July, CEO Jack Dorsey hinted that Bitcoin should be integrated into various products of the social network. The so-called “Tip Jar” was introduced in May and has different payment methods. According to Dorsey, Bitcoin
A $150 million Bitcoin trust is intended to facilitate the exchange of Bitcoin into US dollars, while promoting the development of crypto infrastructure and crypto services across the country. The Bandesal Development Bank is responsible for overseeing the operation of the trusts. A further $53. 3 million is earmarked for the implementation of the plan.
Bitcoin is finding more and more institutional investors, who see Bitcoin as a long-term investment with low taxes. Since Bitcoin transactions are classified as private disposal transactions, they are subject to the individual income tax rate and, unlike shares, are not subject to 25 percent withholding tax. Furthermore, there is the possibility of a complete
According to a recent survey, one in ten Americans invests in cryptocurrencies. Moreover, half of the respondents only started investing within the last year. The newcomers are also those who trust Bitcoin in particular to gain in value. Almost half of crypto-investors cite the majority of ways to buy and sell cryptocurrencies easily as the
