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Bitcoin And Shiba Inu Drop As India Plans To Ban Cryptocurrencies Including Fines For Holders And Potential Jail Time

Cryptocurrencies were facing a wide market retreat Wednesday as India moves forward with plans to introduce a digital currency regulated and attached to its central bank and subsequently make most other digital assets illegal. 

El Salvador’s President Nayib Bukele Announces Plans For A Bitcoin City Powered By Geothermal Energy

El Salvador President Nayib Bukele closed out a week-long promotion of Bitcoin by unveiling his plans to construct an oceanside “Bitcoin City”, funded initially by Bitcoin backed bonds, built by the Conchagua volcano to harness geothermal energy for both the city’s power grid and for Bitcoin mining. 

Crypto Mining Firm Bitdeer Technologies Agrees To Merger With Blank-Check Firm Blue Safari Group Acquisition Corp With Four Billion Dollar Valuation

In a press release issued Thursday, Bitdeer Technologies announced it has agreed to a future merger with blank-check firm Blue Safari Group Acquisition Corp to become a publicly traded company on the United States stock market. 

A Bitcoin Explosion: El Salvador Now Has More Digital Wallets Than Traditional Bank Accounts

During September 2021 El Salvator formally started accepting Bitcoin as legal tender and continues to be on the forefront of the move to mass crypto adoption. Today, President Nayib Bukele announced that Bitcoins presence in his country is so prolific that the number of citizens using digital wallets has outgrown those that have traditional bank accounts.

Twitter Launches A New Crypto Division Headed By Tess Rinearson

Twitter Crypto, a new division with Tess Rinearson as the engineering lead, is being launched to focus on blockchain technology, cryptocurrencies, and other decentralized technologies. The team will also focus on perfecting the Bitcoin tipping platform which was launched earlier this September and to improve the proof of identity service via non fungible tokens. 

PoW Mining and Cryptocurrencies Come Under Fire In Sweden

Proof of Work (PoW) mining has come under fire by Swedish financial and environmental regulators. A recent proposal was signed by both the Financial Supervisory Authority and the Environmental Protection Agency that points out many of the common but often misplaced fears about Bitcoin and cryptocurrencies.

Aaron Rodgers To Accept Bitcoin For A Portion Of His Salary, Partners With Cash App To Give Away $1 Million Worth Of The Cryptocurrency

Aaron Rodgers To Accept Bitcoin For A Portion Of His Salary, Partners With Cash App To Give Away $1 Million Worth Of The Crytocurrency