Tag Archives: Bitcoin Adoption

Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well. CryptoPotato reported last week when Rejala Helman said his country planned to start working on an “important project” that included Bitcoin and PayPal Although he provided little-to-no information at the time about the...

The president of Tanzania – Samia Suluhu Hassan – outlined the nation’s need for cryptocurrency adoption. She stressed out that the East African region still falls behind other, more advanced regions. ‘Do Not be Caught Unprepared’ In a recent announcement, the Tanzanian president – Samia Suluhu Hassan – highlighted the development of cryptocurrency usage and adoption in many countries. She reminded that the East African region, where Tanzania is located, is not as advanced as...

Bitcoin is finally one step closer to make history with Taproot, a major event perhaps as important as SegWit or the last halving. Taproot, the most ambitious Bitcoin update since 2017, has been finally approved by miners and was locked in for implementation in November this year. Taproot is (Or Will Be) Finally Here! Because of its decentralized nature, the deployment of a Bitcoin update must go through an approval process and cannot simply be released to the world at the...

An anonymous buyer paid the record-breaking $22.5 million in digital assets to acquire a deluxe penthouse in Miami Beach. The deal became the most expensive known residential transaction paid with crypto. The Pearl of Arte Surfside Sold for Crypto In a recent press release, Forbes announced that an individual purchased an exclusive oceanfront condo located in the Surfside neighborhood in Miami for the colossal sum of $22.5 million. The buyer used cryptocurrencies to obtain...

Kevin O’Leary, who recently allocated 3% of his portfolio in BTC, has no plans to sell his coins anytime soon, the millionaire told CryptoPotato in a recent exclusive interview. He also noted that 2021 is a pivotal year for Bitcoin as more and more institutions are looking to enter the space but are wary of energy consumption concerns. Kevin O’Leary during Bitcoin 2021 Conference. Image by: CryptopotatoO’Leary In Bitcoin For The Long Run The 66-year old O’Leary is a...

ShapeShift CEO Erik Voorhees is no shy when it comes to expressing his opinion about politics, finance or Bitcoin maximalism —no matter popular or unpopular they might be. During an intervention at the Bitcoin 2021 conference in Miami, Voorhees criticized an earlier panelist’s comment praising toxic Bitcoin maximalism, saying that such thinking was, erm, wrong – to put it in more civilized terms. Bitcoin Maximalism: A Bug or a Feature? Just minutes before Erik Voorhees took...

El Salvador’s president revealed at the ongoing Bitcoin 2021 Conference in Miami that he plans to make bitcoin a legal tender in his country. Speaking at the Bitcoin 2021 event, Nayib Bukele, the president of El Salvador, said he is planning to introduce a law that will make bitcoin a legal form of money in the country. According to a  video broadcast at the conference today, Bukele said he would send the bill to Congress next week. If the bill pushes through, El Salvador...

Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. Philips Enters the Crypto Community In a recent Bloomberg interview, Jonathan Crockett highlighted that Philips would accept the largest cryptocurrencies – bitcoin and ether – to purchase Banksy’s ”Laugh Now Panel A”....

Goldman Sachs, one of the most important banks in the United States -and the whole world- released a report on cryptocurrencies, and its content is quite promising for the ecosystem. The report “Crypto, a new asset class” is not yet available to the general public. Still, it has already been shared on social networks by investors with early access to these investigations. Alex Krüger, founder of asset management firm Aike Capital and active Crypto Twitter commentator, shared...

Williston, a city in North Dakota, plans to accept cryptocurrencies for utility bills online payments, becoming the first in the state to adopt crypto assets. According to City Finance Director Hercules Cummings, the city has partnered with BitPay, one of the largest bitcoin payment service providers in the U.S. Payments will be converted from crypto to fiat in real-time. Paying Bills with Crypto The city council would first monitor how citizens respond to crypto payments....