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A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption

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The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight as a potential engine for financial change in the Central American country. Bukele’s Bitcoin Law Barges In When President Nayib Bukele announced he would push to approve a law declaring bitcoin legal tender in El Salvador, he might not have expected to set in motion all of the events that have happened as a consequence of that decision. Be it for people that approve of this decision, or citizens that are not comfortable with it (most Salvadorans, according to some polls), bitcoin has become a part of the political panorama in the country. As such, it is being harnessed by political agents as a very important part of Bukele’s mandate. The irruption of bitcoin, a totally external element,

Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger

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The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for the proposed CBDC. Bhutan Involves Ripple in CBDC Pilot Test Bhutan, a small country located in the south of Asia, is working on the issuance of a central bank digital currency of its fiat currency, known as the Ngultrum. The nation will be partnering with Ripple, the cryptocurrency and payments company, to pilot test the digital currency in different use cases. The Royal Monetary Authority (RMA), Bhutan’s central bank, will use Ripple’s technology for the tests. This pilot provides yet another example of a country approaching the digital currency world as a way of improving access for citizens to financial services. In this regard, Bhuta

These 3 NFT Projects Collectively Captured Over $10 Billion in Sales

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Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital collectible series Cryptopunks have collectively captured over $10 billion in sales. Opensea, Axie Infinity, Cryptopunks Crack $10 Billion in Sales As the end of September approaches, the combined sales of three distinct NFT projects have made more than $10 billion in all-time sales. All three projects are unique as well, as the leader in NFT sales, Opensea, is a marketplace that allows users to purchase and sell a wide variety of NFT collectibles from the Ethereum and Polygon networks. To date, Opensea has seen $6.85 billion in total sales among 452,319 traders, according to dappradar.com ’s NFT market stats. Opensea has seen a monthly increase of around 74.26% as it has captured $3.78 billion in sales over the last 30 d

Morgan Stanley’s Executive Likens Bitcoin’s Resilience to Kenny Who Dies in Every South Park Episode

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Morgan Stanley Investment Management’s Dennis Lynch, says that bitcoin’s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time after a bear market. Bitcoin Is Similar to Kenny in South Park, Says Morgan Stanley’s Executive Morgan Stanley’s Dennis Lynch talked about bitcoin’s resilience at Morningstar’s annual investment conference Thursday. Lynch is head of the Counterpoint Global team at Morgan Stanley Investment Management, the bank’s asset management arm. He joined Morgan Stanley in 1998 and has 27 years of investment experience. The Morgan Stanley Counterpoint Global team “invests primarily in established and emerging companies globally,” the firm’s website describes. Lynch compared the cryptocurrency’s ability to recover and bounce back from bear markets and massive sell-offs to Kenny, a character from the popular TV cartoon series South Park, stating:

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

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A recent study conducted by the online invoicing company that works with small businesses Skynova explains that the city of Los Angeles (LA) is the “most crypto-friendly city in the United States.” Skynova surveyed close to 600 small business owners and top-level executives from the U.S. in order to get their perception of the cryptocurrency ecosystem. LA Ranks the Most-Friendly Crypto City in Recent Small Business Owners Study According to a research study which leveraged nearly 600 executives and small business owners, LA ranks #1 when it comes to crypto ATMs, and merchant acceptance. The Skynova study called “Accepting Bitcoin,” that attempts to determine the most bitcoin-friendly cities in America today. “32% of small businesses owners and top-level executives said that their business currently accepts cryptocurrencies,” the Skynova researchers detail. Moreover, bitcoin ( BTC ), bitcoin cash ( BCH ), and ethereum ( ETH ) are “the most commonly accepted cryptocurrencies.” “Los

Protect Yourself With the Sim Encriptados, Travel to More Than 200 Countries, and Communicate With Security

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PRESS RELEASE. When people talk about technology, the first thoughts are cell phones, applications, or equipment; but you rarely recall Sim Cards. Those small cards people often despise, thinking that they are only chips that you use to call or have data. Contrary to this, Sim Cards store much more information than you imagine, storing in addition to your number, contact information, chats, photos, and even financial data. Bet you didn’t know that. This is why Sim Cards have become one of the favorite targets of cybercriminals because, by squeezing them, they will be able to obtain sensitive information with which they will commit a large number of computer crimes. Faced with this situation, today people have begun to see a new trend in communications that assure privacy, security, and anonymity, it is about Encrypted Sim Cards. What is an Encrypted Sim Card? An Encrypted Sim Card is an ultra-secure chip built with state-of-the-art technology and protocols based on cybersecurity,

Kentucky Sends Cease and Desist Order to Crypto Lending Platform Celsius Over Interest-Bearing Accounts

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Six days ago, the securities regulators from New Jersey and Texas cracked down on the cryptocurrency lending platform Celsius. Additionally, the Alabama Securities Commission joined in and filed a cease and desist order against Celsius. Now the state of Kentucky is following suit and has filed a cease and desist order against the crypto lending platform. Kentucky Sends Cease and Desist Order to Celsius Four states in the U.S. have an issue with the cryptocurrency lending platform Celsius and the company’s interest-earning accounts. The same issues have affected the crypto lender Blockfi as well, as multiple states sent orders to the company over its interest-bearing accounts. After New Jersey, Texas, and Alabama cracked down on Celsius, Kentucky is now telling the firm it needs to stop “soliciting or selling” its interest-bearing accounts to Kentucky residents. Similar to the rest of the state regulators from securities departments, Kentucky’s regulator believes the Celsius intere

Gavin Andresen Publishes Theory of Possible Crypto Future: Whales Shut Down the BTC Network in the Year 2100

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On September 21, former Bitcoin developer Gavin Andresen published an interesting blog post about “a possible [Bitcoin] future.” The blog post details a theoretical situation for the Bitcoin network in 2061, where most [bitcoin] transactions don’t happen on the [Bitcoin] network. A Theoretical Look at $6 Million Dollars per Bitcoin and the Year 2061 Following Satoshi Nakamoto’s departure from Bitcoin in 2010, for a few years, Gavin Andresen was considered the software’s lead maintainer after Nakamoto left him the keys. In 2011, Bitcoin developer Mike Hearn also claims he received an email from Satoshi which said that the blockchain inventor “moved on to other things” but also added, “It’s in good hands with Gavin and everyone.” However, Andresen is not the lead maintainer anymore, and has not been an active Bitcoin Core developer in years. Censored on Reddit r/bitcoin (I think, but maybe I’m just not looking in the right place) — Gavin Andresen (@gavinandresen) September 22, 20

10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline

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Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for New Korean Crypto Regulations Expires Friday Registering with Korea’s Financial Intelligence Unit (FIU) is a key requirement for both local and foreign crypto exchanges providing services to Korean investors under the tougher new regulations coming into force after Sept. 24. A total of 10 out of dozens of coin trading platforms have so far filed applications with FIU, the anti-money laundering division of the Financial Services Commission ( FSC ). The group includes Upbit, Bithumb, Coinone, Korbit, and Flybit, Yonhap reported, quoting the body on Friday. South Korea’s revised Special Funds Act, which introduces the stricter rules, took effect on March 25 and will be enforced now, after a six-

China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

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The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. China’s Central Bank Shakes Crypto Markets The cryptocurrency economy shuddered on September 24 after China’s central bank once again said decentralized virtual currencies are not welcome in the country. The PBOC has been saying things like this since 2013 and then four years later, they banned crypto exchanges operating domestically in 2017. In 2021, as the crypto economy reached new heights in value, the Chinese government cracked down on bitcoin miners operating in the country. This caused Bitcoin’s global hashrate to plummet a great deal and many Chinese miners migrated to other regions. Tod