El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip

Key Takeaways: El Salvador acquired an additional 1,090.19 BTC worth about $101 million, its largest single purchase in months. The government’s accumulation goes beyond its ongoing 1 BTC per day The post El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip appeared first on CryptoNinjas.

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US government transfers 3,940 BTC worth $241 million to Coinbase

US government moved 3,940 Bitcoin (BTC), which was worth over $241 million at the time, to Coinbase. This comes amid another sell-off by the German government, which has sold BTC since last week.

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Mammoth BTC Whale: The Chinese Government Holds More Bitcoin Than Michael Saylor’s MicroStrategy

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Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes.

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Natural Gas And Nuclear Energy Are Becoming BTC Mining Sources

Bitcoin (BTC) energy requirement has been the highest source of concern regarding the crypto industry. During mining, its high consumption rate negatively impacts the environment. This issue could cause the government to ban BTC mining if no solution is preferred.

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Tax Evasion: South Korean Government Seize Over $184 Million in Crypto

South Korea’s National Tax Service has combined forces with the Ministry of Strategy and Finance, and other agencies as well as local government authorities, to seize over $184 million worth of Bitcoin (BTC) and altcoins from alleged tax evaders in…

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Russia is considering Bitcoin for international trade in 2023: Report

Top crypto news out of Russia says the country is considering accepting Bitcoin (BTC/USD) as well as some cryptocurrencies as a payment option for international trade in 2023. As per local news agency Izvestia, Russian government officials from the Ministry of Finance and the State Duma have confirmed the development.

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Doctor Bitcoin, Jailed For Selling P2P, Warns Others They’ll Be Next

Bitcoin educational persona Doctor Bitcoin explains his recent arrest for selling BTC and warns that the government won’t stop with him.

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Bitcoin advocate floats BTC as a solution to US student loan problems

Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years.

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Is BTC Responsible For These ELSL Stats? Tourism, Investment, Construction Up

In a world tending towards red candles, ELSL is in the green. And not even government officials seem to believe that any of these has to do with the Bitcoin Law. The increases are not crazy, but the upward tendency is clear.

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Daniel Fraga – The Brazilian Bitcoin (BTC) Billionaire Who Defied the Government and Disappeared

Get to know the story of possible billionaire Daniel Fraga, one of the first people to talk about Bitcoin (BTC) in Brazil –the man who defied the state and disappeared–. This story was shared by the Brazilian media outlet Boletim Bitcoin.

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‘They didn't see it coming:’ Podcaster Joe Rogan sees Bitcoin as a viable form of currency

Joe Rogan noted that Bitcoin is like the “early internet,” and the “government is freaking out” about BTC in conversation with the MMA fighter Khalil Rountree.

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Ross Ulbricht’s $183M Silk Road fine to be paid via $2.7B in BTC recovered from hacker

In a recent development, roughly $2. 7 billion in Bitcoin (BTC) was recovered from a wallet linked to a Silk Road hack in 2013 and will be used to wipe out the debt owed to the United States Government by creator Ross Ulbricht.

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El Salvador postpones Bitcoin bonds to September: Report

Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well.

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Government of Malaysia proposes Bitcoin, crypto as legal tender

The Communications and Multimedia Ministry of Malaysia proposed today that digital currencies such as bitcoin (BTC) should be adopted as legal tender to help the younger generation who are active users of the currency, especially on non-fungible token (NFT) trading platforms, says Datuk Zahidi Zainul Abidin, deputy minister of the Communication Ministry of Malaysia, reported […] The post Government of Malaysia proposes Bitcoin, crypto as legal tender appeared first on CryptoSlate.

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Ukraine Has Received $108 Million In Crypto Donations Following Kraken And BAYC Donations

On Wednesday, tracked total crypto donations to the  government of Ukraine wallet addresses, charities, and humanitarian initiatives had topped $108 million. The official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, as well as a BTC donations address for Come Back Alive, are the top three beneficiaries of such cash. Tracked Donations […]

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Kraken CEO says the exchange will be forced to comply with crypto freezing in Canada

The protesting Canadian truckers have been forced to turn to Bitcoin (BTC/USD), and other cryptocurrencies as funding platforms such as GoFundMe sized their donations due to increased pressure from the Canadian government.

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Bitcoin hits $44K after Canada emergency powers accompany 6% BTC price increase

Plans to include crypto in enhanced surveillance by the Canadian government have the unintended knock-on effect of fuelling “unstoppable money.”

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El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs

Seeking a permanent solution for over 4 million BTC users, the government of El Salvador focuses on Chivo wallet’s stability and uptime, scalability and social impact.

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El Salvador President Fires Back At ‘Bitcoin City’ Critic As BTC Slips Further

Significant amounts of criticisms continue to pour in, barely six weeks after El Salvador President, Nayib Bukele, announced plans by the government to construct a full-fledged Bitcoin city powered by geothermal energy.

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El Salvador to push ahead with plans to issue Bitcoin-backed bonds

El Salvador is inching closer to issuing Bitcoin (BTC/USD) bonds. The country’s finance minister Alejandro Zelaya disclosed this news during an interview with local media on January 4, noting that the government plans to send 20 bills to Congress to set the ball rolling.

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El Salvador Government Continues Bitcoin Accumulation, Makes New Symbolic Purchase

The President of El Salvador, Nayib Bukele, announced a new purchase of 21 Bitcoin. While the latest buy is small compared to previous acquisitions, the purchase was made to celebrate a date. El Salvador Buys Fresh 21 BTC Tweeting on Tuesday, President Bukele stated that the government bought 21 BTC to celebrate the 21st dayRead More

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El Salvador purchases 21 BTC to celebrate December 21, 2021

The Salvadoran government has continued amassing BTC to mark different milestones after embracing Bitcoin (BTC/USD) as legal tender in September this year. President Nayib Bukele announced yet another purchase of the flagship cryptocurrency, saying the country bought 21 BTC to mark December 21, 2021.

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Report: India plans to regulate crypto instead of banning the sector

The Indian government is readying to regulate crypto as assets instead of enforcing an outright ban on the industry. A report unveiled this news earlier today, citing a Cabinet note. By regulating cryptos as assets, India has declined to recognize coins like Bitcoin (BTC/USD) and Ethereum (ETH/USD) as currencies.

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El Salvador to Issue $1 Billion Bitcoin (BTC) Bonds to Develop the First ‘Bitcoin City’

The government of El Salvador has partnered with iFinex and Blockstream in an attempt to further its bitcoin (BTC) ambitions. El Salvador to Issue $1 Billion Bitcoin Bond According to a report by Reuters, in a bid to develop the world’s first “Bitcoin City”, the government of El Salvador is set to issue the world’sRead More

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Biden’s Adviser Barred From Airing His Views On Bitcoin Because Of His Large BTC Holdings

A top adviser at the White House has been precluded from advising the government on cryptocurrencies. Tim Wu is reportedly said to own a cryptocurrency portfolio worth over a million dollars. Experts think the decision has streaks of double standards and blasts the government’s policy.

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Zimbabwe Mulls Making Crypto Legal Tender

The government of Zimbabwe is nursing serious plans to make bitcoin (BTC) a legal tender. Per a report on November 7, 2021, by local news publication, Bulawayo 24 News, Zimbabwean authorities are now in talks with various stakeholders to find out the potential benefits of cryptocurrencies to the nation’s economy. Zimbabwe Eyes Bitcoin Adoption AsRead More

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El Salvador buys another 420 Bitcoin worth about $25M

El Salvador’s total Bitcoin (BTC) haul has surpassed 1100 as the government looks to… The post El Salvador buys another 420 Bitcoin worth about $25M appeared first on Coin Journal.

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US Government To Auction 4.94 Bitcoin Worth Over $300,000

GSA Auctions will auction 4.94 BTC in five different lots between October 26 and 28, its website shows.

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El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers

Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers.

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El Salvador Disables Bitcoin Price On Chivo App To Stop Scalpers

Bitcoin traders have found a way to use the recently launch Chivo App, the countries own BTC wallet, by El Salvador’s government to make a profit. As part of their BTC Law, this app operates with the second layer payment solution lightning network.

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El Salvador’s President Bukele Reveals National Demand for BTC Outweighs USD

As the latest in a long series of news being distributed by the El Salvadorean government following its induction of bitcoin as a form of legal tender, the country’s President Nayib Bukele has published a tweet containing two supposed “facts” regarding the country’s ‘Chivo’ project.

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BTC.com Withdraws from China, AntPool Suspends IP Access, & Tencent Bans 1,000 WeChat Accounts

Bitcoin mining pool BTC. com announced on Friday that it is withdrawing from the Chinese market on October 15, 2021. It would no longer provide its mining services to users in mainland China to “comply with the latest regulatory policy requirements of the Chinese government.

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Bitcoin Miner Maker Ebang Focusing on R&D and Sales of Dogecoin Mining Machines Besides BTC

The company reported a massive drop in government grants caused by the decrease of tax rewards from the Chinese government. The post Bitcoin Miner Maker Ebang Focusing on R&D and Sales of Dogecoin Mining Machines Besides BTC first appeared on BitcoinExchangeGuide.

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Bitcoin (BTC) mining resumes in Iran following a three-month ban

The Iranian government has given licensed crypto mining companies the green light to continue their operations after a three-month ban imposed by former President Hassan Rouhani. A report unveiled this news earlier today, noting these changes come after the summer heat decreased and Ebrahim Raisi took the presidential office on August 3.

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32% of El Salvador Population Actively Using Bitcoin Wallet, Lightning Network Capacity Surpasses 2,900 BTC

El Salvador’s Bitcoin adoption continues to gain traction, as evident from the number of people using the government’s Bitcoin wallet called Chivo. Over the weekend, president Nayib Bukele claimed on Twitter that 2.

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El Salvador’s Bitcoin (BTC) Rollout Faces More Criticism, Here’s Why

The El Salvadoran government is under severe criticism concerning the recent adoption of bitcoin as its native currency. The complaints arose even further after the Government announced that they bought more bitcoin in the current dip.

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New York I.T. Supervisor Arrested for Mining BTC at Work

The worker allegedly used around 50 county-owned devices to mine cryptocurrency in a government office on Long Island. The post New York I.T. Supervisor Arrested for Mining BTC at Work appeared first on BeInCrypto.

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Weekly Report: Panama legislator wants the government to accept BTC and ETH as payment methods

El Salvador officially adopted Bitcoin as legal tender this week, with the broader cryptocurrency… The post Weekly Report: Panama legislator wants the government to accept BTC and ETH as payment methods appeared first on Coin Journal.

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El Salvador mandates Bitcoin usage via Chivo wallet…or so it seems

During the last day preceding the controversial Bitcoin (BTC) legislation coming into effect in El Salvador, the legal advisor to the presidency, Javier Argueta, got caught in the local media web as contradictory statements about the obligation of entrepreneurs to use the government’s official digital wallet, dubbed Chivo, flooded the headlines.

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Cuba jumps on Bitcoin (BTC) bandwagon. Considers legal recognition

The Cuban government has announced yesterday that it will recognize cryptocurrencies and regulate their use for payments. The post Cuba jumps on Bitcoin (BTC) bandwagon. Considers legal recognition appeared first on CryptoSlate.

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Sweden Government Pays Convicted Drug Dealer $1.5 Million In Bitcoin

The government of Sweden has found itself in the unusual situation of paying out around $1. 5 million worth of Bitcoin to a drug dealer, whom they convicted and then jailed. Authorities are being forced to pay the man 33 BTC, after his illegally obtained bitcoin appreciated while behind bars.

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A convicted drug dealer gets $1.5M in Bitcoin (BTC) from the Swedish government

For as long as it has been around, the crypto industry has been seeing unusual and strange developments that are difficult to explain. One of the most recent examples of this is the Swedish government paying around $1.

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Sweden’s Government Forced to Pay Jailed Drug Dealer $1.5M in Bitcoin

Authorities are being forced to pay the man 33 BTC, around $1.5 million, after his illegally obtained bitcoin appreciated while behind bars. The post Sweden’s Government Forced to Pay Jailed Drug Dealer $1.5M in Bitcoin appeared first on BeInCrypto.

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Ukraine could legalize Bitcoin payments after proposed crypto bill

After the crypto draft bill is adopted, Ukrainians will be able to legally hold, exchange, and spend cryptocurrencies like Bitcoin (BTC), a government official revealed. The post Ukraine could legalize Bitcoin payments after proposed crypto bill appeared first on CryptoSlate.

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Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month

Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions.

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China’s Anhui province begins its clampdown on Bitcoin (BTC) mining

Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning.

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Behind The Bitcoin Curtain: On-Chain Analyst Explains What’s Holding BTC Down

It’s been over ten weeks since BTC’s terrific thud from a $64k ATH. A potpourri of regulatory hurdles, investor setbacks, and government clampdown has clipped its wings halfway down its all-time highest performance.

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IBC Group CEO: China’s crypto crackdown represents a ‘huge opportunity for Canada

IBC Group, a private equity firm that focuses on blockchain technology, has closed down all its Bitcoin (BTC/USD) and Ethereum (ETH/USD) mining facilities in China in response to the government’s decision to limit cryptocurrency mining.

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