First Cryptocurrency ATM Reportedly Installed in Uruguay
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer markets.
Crypto Exchange Bitfinex Tells Ontario Customers To Close Accounts After OSC Canada Cracks Its Whip
Bitfinex, the Crypto exchange, has asked its clients in Ontario to withdraw all their funds on or before March 1, 2022, reports the Cointelegraph.
Rio De Janeiro Plans To Buy Bitcoin With City’s 1% Reserve; Tax Discounts Also To Be Offered
Brazil’s second most populous city, Rio de Janeiro, is all set to buy Bitcoin with 1% of the city’s treasury reserves, said Eduardo Paes, the city’s mayor. Rio will be the first-ever Brazilian city to purchase crypto as a store of value if Eduardo proceeds with what he says.
Crypto Whales Have Been Quietly Accumulating Litecoin ($LTC), Data Shows
Data from cryptocurrency analytics firm Santiment suggests cryptocurrency whales have been quietly accumulating Litecoin ($LTC), a cryptocurrency that has been described as the “silver to Bitcoin’s gold,” over the last 15 weeks.
Street Fighter Classic NFTs Coming to WAX on January 20th
On January 20th, 2022, an ultra-rare Street Fighter Classic NFT collection is coming to WAX. The series will include 1,000 packs costing the equivalent of $100 in WAXP tokens.
Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.
How Music NFTs Could Disrupt the Music Industry
Copyright issues, exploitation, no royalties. These are but a few challenges that musicians all over the world face when it comes to the production and distribution of their music. With the emergence of music non-fungible tokens (NFTs), there is the potential that the music industry can be changed for the better.
Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive.