Paxful is a peer-to-peer bitcoin marketplace that allows users to buy and sell bitcoin without using a centralized exchange. In countries where governments have made bitcoin illegal, users frequently resort to buying bitcoin on black markets or peer-to-peer exchanges.
Earlier this week president Nayib Bukele announced in a Tweet that he submitted two bills to secure funds for a government bond buyback. The plan is to buy back sovereign bonds that mature in 2023 and 2025.
Digital assets such as bitcoin are currently not covered by private property laws in the United Kingdom. The Law Commission of England and Wales announced today that it plans to extend property rights to digital assets.
Gibraltar is solidifying itself as a bitcoin hub. The overseas British territory was one of the first to introduce bitcoin and crypto-friendly regulation, resulting in several large digital payments companies acquiring a local license, including FTX, Huobi and Bullish. More recently, a video of Joe Hall gained traction on Twitter.
Cathie Wood recently tweeted that using methane emissions at well sites could significantly lower the cost of mining bitcoin compared to what public bitcoin miners are paying for electricity today. She further went on and said this could turbocharge electricity generated by solar and wind.
Earlier this year Russia began its full-scale invasion of Ukraine, which caused global outrage and led to unprecedented actions by the U.S. government and European Union, including freezing Russia’s foreign currency reserves. Russia’s invasion of Ukraine triggered a wave of voluntary bitcoin and crypto donations from individuals and charities.
In a Tweet yesterday, the president of El Salvador Nayib Bukele mentioned that he just submitted two bills to secure the funds to buy back government bonds that mature in 2023 and 2025.
In a keynote speech yesterday, chair of the U.S. Commodities Futures Trading Commission (CFTC) Rostin Behnam announced the launch of the Office of Technology Innovation (OTI).
Coinbase, one of the largest cryptocurrency exchanges, is coming under scrutiny again. Just last week the former Product Manager at Coinbase and two other employees were charged with wire fraud and insider trading. On top of this, the exchange faced a perfect storm while trying to weather the “crypto winter”.
Michael Saylor once said that bitcoin is currently a store of value and not a currency because it is treated as a commodity and subject to capital gains taxes.