Two new US mayors join the initiative to collect their salaries in Bitcoin, while Brazil is debating a bill to legalize wages in this and other cryptocurrencies. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Bitcoin (BTC) and Ethereum (ETH) hit new all-time highs. The quotes of Bitcoin (BTC) y Ethereum (ETH), both cryptocurrencies, The largest and most important crypto exchanges in the industry broke new all-time highs on Monday. The price of Bitcoin reached $68.493 per BTC, showing a 5% growth in the last hours, according to data from CoinGecko. Ethereum (ETH) found a new all-time high in the $4.857 per ether, reflecting a 2% appreciation in the last 24 hours.
In total, these two cryptocurrencies have a combined market capitalization of 1,85 trillions of dollars; showing a dominance of 60,3% over the entire crypto market.
Bitcoin and Blockchain Adoption
📍Bitcoin salaries are all the rage among US mayors. Also Francis Suárez, mayor of Miami and Eric adams, newly elected mayor of New York, Scott Conger y Jane castor, mayors of the cities of Jackson (Tennessee) and Tampa Bay (Florida), respectively, also reported that they will transform their salaries into Bitcoin.
Conger said via Twitter that she will follow in the footsteps of Suarez and Adams and that, although she cannot receive her salary directly in Bitcoin, she will instantly convert it to the cryptocurrency. For her part, Mayor Castor said who is ready to turn her city into a leader in Bitcoin, so she is likely to start earning her salary in BTC.
Conger is known as one of the most Bitcoin and cryptocurrency-friendly American politicians. In July this year, the mayor of Jackson claimed that he would turn the city into the next Bitcoin haven and Blockchain U.S..
📍In Brazil, lawmakers are studying a bill to accept salaries in Bitcoin. Luizão Goulart, Brazilian deputy, he presented a new bill before Congress to study the possibility of accepting salaries in Bitcoin and other cryptocurrencies on the market. Goulart's initiative seeks to have Brazilian legislators allow citizens to earn part of their monthly salaries in BTC or any other crypto asset, on an elective and voluntary basis.
Aureo Ribeiro, Brazilian deputy, assured that Bitcoin will soon become “the currency of Brazil,” which citizens will be able to freely use to purchase goods, products, services and more.
NFT and DeFi Markets
📍OpenSea's cumulative transaction volume exceeded $10.000 billion. Wu Blockchain reported via Twitter that the total transaction volume accumulated on Opensea, currently the cryptocurrency marketplace NFT The largest and most widely used NFT marketplace in the industry, it surpassed $10.000 billion. According to Wu, although daily transaction volume has declined since last August, OpenSea continues to position itself as the largest platform in the industry. Data from DappRadar shows that this NFT marketplace accounts for nearly 60% of all volume moving through the major platforms. Dapps and market protocols.
Development and Technology
📍NYCCoin, New York's future cryptocurrency, powered by Stacks. New York Mayor Eric Adams has announced that the city is ready to welcome the world of Bitcoin, Blockchain and Web3. Through Twitter, the newly elected mayor of New York said that the city is ready to have its own citycoin, an innovative technological initiative driven by the Bitcoin-based protocol, Stacks and first adopted by Miami, which will help boost the growth and development of the city, turning it into a global reference center for crypto innovation.
The new citycoin, NYCCoin, will be able to start be mined or acquired Starting next Wednesday 10 of November.
Rules and Regulations
📍Kazakhstan to regulate cryptocurrency service providers. New legislation passed by the Senate of Kazakhstan will allow regulators in the country to oversee cryptocurrency and digital asset service providers. vlast, a local media, reported that the new law seeking to combat money laundering and other financial crimes in the country was recently approved by the Senate of Kazakhstan.
The new law introduces supervisory and control measures that affect cryptocurrency service providers, who will be required to report their operations and services to the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan. The scope of the new law will also cover public officials, spouses and close relatives of all those who have been assigned a high-level position in the country.
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