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- THE FED: Bitcoin & Crypto an Oppoprtuity For All!
THE FED: Bitcoin & Crypto an Oppoprtuity For All!
THE FED: Cryptocurrencies an opportunity for "whole financial system"
US FED: Cryptocurrencies Present Opportunities to the Whole Financial System.
The Federal Reserve has urged Wall Street to prepare to handle digital assets as the market prepares for the "floodgates" to open for institutional investors, noting there are also risks associated with the sector.
Google invested $1.5bn in crypto-companies over the last 9 months - more than any other public company.
Digital Currency Group, Fireblocks, Dapper Labs, and Voltage all received funding from Google, says Blockdata.
Australian convenience store chain with +170 locations now accepts Bitcoin. Full implementation took just 8 weeks!
A partnership between DataMesh and OTR, a Singapore-based exchange, and CryptoCom. Datamesh supplies the point of sale terminals, while the exchange serves as the payment settlement layer using its Pay Merchant service.
SOUTH AFRICA: Reserve Bank instructs banks to provide banking facilities to Bitcoin and crypto exchanges.
Recently, some major banks have taken action to "unbank" cryptocurrency exchanges in South Africa. This Reserve Bank directive will reverse that and provide clarity for the industry.
FIDELITY: Bitcoin is undervalued at current levels.
The price-to-network ratio of Bitcoin is currently around 2014 levels, which shows that it is undervalued, according to Jurrien Timmer, Director of the Global Macro at Fidelity.
A thread...
Eye on digital currencies: If you believe in Bitcoin’s adoption-curve thesis (i.e. that the network will continue to expand in line with previous S-curves), then it's reasonable to view Bitcoin as cheap at these levels. 🧵
— Jurrien Timmer (@TimmerFidelity)
8:14 PM • Aug 17, 2022
SPAIN: Football club Villarreal CF has signed Bitcoin and crypto exchange Zoomex as a sponsor.
Throughout the 2022–2023 campaign, the Zoomex cryptocurrency exchange logo will be visibly featured on the Villarreal CF's first team's jerseys. Many top-flight European clubs are signing sponsorships with exchanges, a trend that will spread to lower leagues and teams as market sentiment picks up.
Luxury resort operator Soneva now accepts Bitcoin in the Maldives and Thailand
Many high-end hotels, resorts and property developers are starting to accept Bitcoin for payment. Bitcoin is becoming a point of difference and effective marketing tactic to appeal to both affluent consumers, as well as the mass market retail consumers.
EL SALVADOR: Bitcoin + better security have led to continuous tourism growth, says Ambassador to the USA
Tourists have started pouring into El Salvador due to the Bitcoin adoption. The Ministry of Tourism reports that 1.1 million tourists arrived in the first half of 2022, just shy of the 1.2 million that came for the entire year of 2021.
WHOLE-COINERS: The HODL Army continues to grow.
Addresses with 1 #Bitcoin or more rising fast: 896,508
Lower prices are an opportunity to build generational wealth! 🤑
— Bitcoin Archive (@BTC_Archive)
10:30 AM • Aug 19, 2022
Thank you for reading and please share with your friends :)
Cheers,
Archie