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Belarusian President Says Crypto Mining Is Better Than Leaving Low Paying Jobs Abroad

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Belarusian President Alexander Lukashenko urged his fellow citizens to stay in the country and dig for crypto. That is better abroad in Poland and Germany, as many have done before, to take on poorly paid agricultural jobs. Is this the start of Belarus’ switch to crypto? The comments came during a speech to employees of…

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Chinese BTC miners return to center stage

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Cryptocurrency miners from China are now starting to settle in neighboring countries like Russia and Kazakhstan. As a result, they are coming back online to mine new bitcoin units and once again offer serious competition to miners in the United States and other bitcoin ports. Miners in China start elsewhere Not so long ago, Beijing…

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Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet

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The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. https://news.bitcoin.com/nigerian-central-bank-reveals-cbdc-guidelines-announces-plan-to-launch-e-naira-wallet/

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Why Is India Leading In Crypto Adoption?

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Countries in Asia, especially India, are outpacing the rest of the world when it comes to adoption of cryptocurrencies. A recent analysis of the markets by the research firm Finder has found that the top five countries in terms of crypto ownership are all located in Asia. Though these countries were considered as unimportant earlier,…

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Honduras gets its first Bitcoin ATM

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TGU Consulting Group, a Honduran company based in the capital of Tegucigalpa, has reportedly installed the country’s first Bitcoin ATM. According to a Friday Reuters report, TGU chief executive Juan Mayen led the move to install the Bitcoin (BTC) ATM in one of the capital’s office buildings. The “la bitcoinera” machine allows crypto enthusiasts to…

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Major hotel in Swiss Alps now allows crypto payments

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The Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH. After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC)  and Ether (ETH) as payment from…

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Crypto Cards Arrive In Australia. What Are The Tax Implications?

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The ability to spend crypto as easily as one might spend traditional fiat currency has long been sought after by many. The rise of new crypto cards in Australia promises users the luxury of spending their digital assets as they would traditional currency. This could arguably close one of the last significant gaps between decentralized…

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37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations

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Recent research reveals that US cryptocurrency investors have an average allocation of $1,107 in digital assets. About 37% of the investors confessed non-liquidation of their crypto holdings even for important bills or other payments. However, there’s this discovery that Elon Musk has a great influence on the crypto-related decisions of most respondents. A survey of…

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Sweden to pay $1.5M worth of BTC to convicted drug dealer

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In a bizarre turn of events, the Swedish government is being forced to pay Bitcoin worth $1.5 million to a convicted drug dealer after the digital asset that the convict amassed illegally, skyrocketed in value during his time in prison. The case has highlighted the need not only for prosecutors to be educated on the…