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El Salvador to Launch Bitcoin City
El Salvador to Launch Bitcoin City, $1B Bitcoin Bond

El Salvador announced its plans to launch Bitcoin City. This location will have zero income tax, capital gains tax, property tax, and payroll tax. The country partnered with Blockstream to issue $1 billion in tokenized bonds. El Salvador recently unveiled its plants to launch what it calls Bitcoin City. According to a Twitter post, this cryptocurrency metropolitan area will be located in La Unión, an eastern municipality of the country.  Another tweet said that the country aims to offer zero income tax, capital gains tax, property tax, and payroll tax. Instead, Bitcoin City will run dependent on 10% sales tax

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square releases crypto exchanges dex
Square Releases Crypto Exchange tbDEX Whitepaper

Square released the whitepaper of its forthcoming tbDEX platform. tbDEX will be a decentralized cryptocurrency exchange (DEX). Square is a fintech company led by Twitter CEO Jack Dorsey. Financial services platform Square recently announced its soon-coming decentralized cryptocurrency exchange tbDEX. Jack Dorsey, Twitter and Square CEO, wrote a tweet about the announcement. As part of its platform reveal, tbDEX published a whitepaper. According to the document, tbDEX will have the defining functions of a decentralized exchange. Also, the platform will use decentralized identity (DID) and verifiable credentials (VCs).  As per the whitepaper, tbDEX will enable users to exchange cryptocurrencies like

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Narendra modi backs crypto in india
India PM Narendra Modi Mentions Crypto. Adoption Soon?

Prime Minister Narendra Modi delivered a keynote address at the inaugural Sydney Dialogue. PM Modi mentioned cryptocurrency and Bitcoin, fueling speculations of crypto adoption. Previously, India withdrew its plans to ban cryptocurrency. Indian Prime Minister Narendra Modi recently delivered a keynote address at the Sydney Dialogue. During his keynote address, PM Modi discussed the massive digital infrastructure that they are building in the country. PM Modi also mentioned cryptocurrency, particularly Bitcoin. In another tweet, he urged other countries to work together to ensure that cryptocurrencies are utilized for good and that they do not “end up in the wrong hands”.

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Bitcoin Lightning Network Surges
Bitcoin Lightning Network Surges, Thanks to El Salvador

Bitcoin’s Lightning Network capacity has surged, which is now 3,225 BTC. The surge occurred since El Salvador started adopting Bitcoin as legal tender. Bitcoin price is currently at $59,300, according to CoinGecko. The Bitcoin Lightning Network capacity has reached a new all-time high (ATH) of 3,225 BTC. According to Arcane Research, the surge is due to El Salvador’s adoption of Bitcoin as a legal tender alongside the US dollar. While the network has been on a continuous hike, El Salvador’s impact has been very pivotal to sustain the momentum. Within the country, businesses are starting to integrate Bitcoin as one

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Ripple Submits Crypto Regulation
Ripple Submits Crypto Regulation Proposal Amid New Bill

Ripple has submitted a crypto regulation proposal in conjunction with the Eliminate Barriers to Innovation Act. The proposal aims to include crypto companies in the decision-making process regarding crypto regulation. Recently, US President Joe Biden signed a new bill that affects US-based crypto exchanges. US-based Ripple recently submitted a new proposal in conjunction with the Eliminate Barriers to Innovation Act (H.R. 1602). Specifically, Ripple proposes that the government would form a working group regarding crypto regulations.   This group will be composed of government entities such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

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Crypto Market Suffers Huge Crash
Crypto Market Suffers Huge Crash. Here’s Why.

The crypto market is currently in a huge dip. One major reason for the dip is President Biden’s signing of the new infrastructure bill. This bill affects American cryptocurrency traders because their market gains will be reported. The crypto market is met with a bloody Tuesday, as most cryptocurrencies are experiencing a massive dip.  Despite being coined “Moonvember”, the month has left even top assets like Bitcoin and Ethereum reeling from the roller-coaster crash. As seen on the image above, only the stablecoins Tether (USDT) and USD Coin (USDC) are in the red, given that they are pegged to the

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StarTerra Joins Angel Protocol
StarTerra Joins Angel Protocol, Benefits Donors and Charities

StarTerra (STT) network partnered with Angel Protocol This partnerships allow both donors and charities to have benefits The crypto world continues to develop ways to help the different communities in and outside the crypto world. This time, the StarTerra (STT) network, a gamified launchpad with a unique combination of guaranteed and lottery-based prize pools, partnered with Angel Protocol, an ecosystem that enables charities to thrive from decentralized financial products without the complexity. Furthermore, this partnership allows the facilitation of charitable endowments that can perpetually give back to the charities themselves and the sponsors who participate with their HALO token, the

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Ripple xrp exchange launch soon
Ripple Exchange Soon? Company to Launch Liquidity Hub

Ripple will be launching its Liquidity Hub. This hub will start operating in 2022. People consider Liquidity Hub as Ripple’s own version of a cryptocurrency exchange. San Francisco-based Ripple announced that it will be launching Ripple Liquidity Hub in 2022. According to a tweet, this platform will empower users to “source, trade, move, and manage” cryptocurrency assets. Ripple said that this hub will use “smart order routing” for enterprises to enable their customers to “buy, sell, and hold digital assets”. By and large, this will provide them additional revenue streams. Many in the crypto community interpret the platform as Ripple’s

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Walmart and vechain
VET Support Walmart’s Food Safety Traceability Platform

VET collaborates with Walmart retail corporation VET PoA2.0 technology ready for its phase 1 implementation VeChain (VET) never fails to surprise the crypto world with its never-ending network development. This time, crypto is now highlighted for supporting the biggest companies in the world with its blockchain technology. In detail, VET collaborates with Walmart, an American multinational retail corporation, to power its supply chain platform for food safety using the VET blockchain technology. It is said that the platform processes over 100,000 transactions every day with the help of VET. Indeed, VET’s technology helps big companies in their everyday operation, a

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portugal offers crypto to workers
Portugal Offers Great Benefits to Crypto Workers Worldwide

Portugal offers good benefits to crypto workers Portugal welcome crypto assets with arms wide open The crypto world continues to be recognized by many countries around the world. Portugal is one of the countries that now are in need of a workforce that primarily focuses on crypto and blockchain developments. The country has done this action to recover from the damages inflicted by the Coronavirus.  This made Tomaž Štolfa, a Twitter icon, react in a tweet post:   In the tweet posted by Tomaž Štolfa he stated the perks and benefits that Portugal is offering to all the people interested in

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CZ Binance told don't touch my BNB
Don’t Touch My BNB! CZ Jokes as Binance Coin Nears ATH

Is Binance Coin (BNB) going to hit the same rally as Bitcoin and Ethereum? Binance CEO Changpeng Zhao took to Twitter his excitement about the possible surge of the cryptocurrency. While the meme was intended to entertain viewers, it may also serve as a warning to BNB holders. Specifically, once BNB reaches another all-time high (ATH), hackers will be keen on nabbing the cryptocurrency from unsuspecting holders. At the time of writing, BNB price is at $647.15, which is just a couple of dollars short from reaching its ATH of $686.31 from May.  Back to the BNB meme, community members

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crypto market reaches $3 trillion market cap
Crypto Market Cap Reaches $3T as ETH Price Hits ATH

The total crypto market capitalization has reached $3 trillion. Ethereum price set another all-time high. Other coins like Bitcoin and XRP make high leaps. For the first time, the cryptocurrency space’s total combined market capitalization has hit the $3 trillion territory, according to CoinGecko. Almost all top ten cryptocurrencies are trading in green, which would definitely make many crypto traders and investors happy. However, the star of the show is Ethereum, which reached another all-time high (ATH) price of $4,782.42, according to CoinGecko. As seen on the chart above, Ethereum price has been climbing for weeks. This is an impressive

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