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Uruguay is joining the recent wave of political initiatives to regulate the Bitcoin and cryptocurrency industry in Latin America, just as Colombia makes moves of its own to update its existing crypto framework.
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A bipartisan amendment would de-fang a cryptocurrency provision attached to a $1 trillion infrastructure bill being debated in the U.S. Senate.
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In brief
David LaValle is a veteran of State Street and served as CEO of a financial data company.
LaValle’s appointment suggests Grayscale expects SEC approval for an ETF is imminent.
Media giant Google has lifted its ban on certain crypto-related advertisements, allowing centralized cryptocurrency exchanges and digital wallets to promote their services on its platform in the U.S.
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Dan Morehead, the Chief executive officer of Pantera Capital, an American hedge fund that focuses on crypto investments, has said that Ethereum could outperform Bitcoin in the near future. He made this disclosure during a recent interview with Reuters.
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American fast-food restaurant chain Quiznos has announced that it will soon allow its customers to pay for meals with Bitcoin thanks to a new partnership with digital asset marketplace Bakkt Holdings.
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Since joining the crypto conversation, Tesla CEO Elon Musk has had an outsized influence on market moves. New data, however, suggests that this influence hasn’t always been positive—especially when it comes to Bitcoin.
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In brief
Miami’s own cryptocurrency, MiamiCoin, will launch tomorrow.
The cryptocurrency will essentially allow people to invest in Miami by buying the coin.
Money raised will be used to fund projects and events in the city.
In brief
Of the world’s major economies, China is closest to creating a fully-fledged central bank digital currency with its digital yuan.
Like Bitcoin, the digital yuan facilitates digital peer-to-peer payment.
In brief
Jack Dorsey’s digital payments firm Square has reported a total Bitcoin revenue of $2.72 billion in Q2 2021.
Meanwhile, the company suffered an impairment loss of $45 million on its own BTC investments.