Financial markets around the world are quickly reacting to the news that a new coronavirus variant called B.1.1.529, which has the potential to be vaccine-resistant, was detected in Hong Kong, South Africa, and Botswana.
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.
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.
For the first time since November 1st, Bitcoin’s valuation dropped below $60,000 in overnight trading as the passing of the US infrastructure bill and a continued crackdown on cryptocurrency mining in China pulled the market down for the most popular digital coins.
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.
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Tesla, fresh off becoming just the sixth company with a market valuation of over one trillion dollars, has been a game changer for the auto industry and made fresh waves recently when in their third quarter earnings report they revisiting the possibility of once again accepting cryptocurrencies as payment.
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