Category Archives: Bitcoin

Why is the crypto industry dropping after such a big success?

In the first few months of 2021, the crypto industry has attracted more than 800 billion in market capitalization, stemming from institutions, retail buyers, as well as funds. All of them buy Bitcoin in hopes of its future growth, and the trend seems to be stabilizing towards the upside.

Continue reading Why is the crypto industry dropping after such a big success?

Miami Mayor Says Exploring Legislation to Invest City treasury in Bitcoin and Pay Salary in Bitcoin

The city of Miami is on course to become the first city to put its treasury in Bitcoin and pay state employee salary in Bitcoin as Mayor Francis Suarez revealed that they are exploring legislation to put Bitcoin on the city’s treasury balance sheet. The resolution to check legislative feasibility of Bitcoin would explore collecting city taxes in Bitcoin and paying municipal workers in Bitcoin. However, it is important to note that even though commission approved Mayor’s resolution, it toned down the wordings to only study the feasibility at this point and n not pass any law based on it. Continue reading Miami Mayor Says Exploring Legislation to Invest City treasury in Bitcoin and Pay Salary in Bitcoin

Australian regulators open to Bitcoin ETF with ‘rules in place’

The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds. According to a Feb. 12 report by the Australian Financial Review, the commission addressed the subject after previously rejecting a Bitcoin ETF initiative by local company Cosmos Capital. Continue reading Australian regulators open to Bitcoin ETF with ‘rules in place’