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Daily briefing: Bitcoin steady despite uncertain global financial markets

by Team Luno 6 minute read

Check out our retrospective of what happened in the markets in the past 24 hours.

Facebook reverses crypto ban as executive steps down

by Team Luno 2 minute read

David Marcus, the head of Meta’s cryptocurrency efforts steps down as Facebook reverses crypto ban

Bank of England’s Bailey voices concerns over El Salvador Bitcoin acceptance

by Team Luno 1 minute read

Bank of England Governor Andrew Bailey has spoken out against El Salvador’s use of Bitcoin as a national currency

India’s finance minister rules out Bitcoin as legal tender

by Team Luno 1 minute read

India’s Finance Minister Sitharaman says central government has no plans to accept Bitcoin as legal tender in the country.

Thailand to become 'crypto-positive society'

by Team Luno 1 minute read

Thailand is creating the foundations to become a “crypto-positive” society.

South Africans and other developing nations among top NFT adopters globally

by Team Luno 1 minute read

South Africa has the twelfth-highest NFT adoption rate in the world, according to the latest survey results. Who else are they competing with?

Increase in crypto mining causing power shutdowns in Kazakhstan

by Team Luno 1 minute read

What An increase in demand for electricity by cryptocurrency miners has resulted in power shortages and even shutdowns at three power plants across Kazakhstan.   Why The rise in popularity of crypto mining is driven partly by the rise in value of the coins alongside an influx of miners to...

That’s no mirage, that’s Bitcoin City

by Team Luno 1 minute read

El Salvador’s President Nayib Bukele has revealed its plans to build a ‘Bitcoin City’ with $1 billion in funds from its ‘Bitcoin Bond.’

Crypto investor buys virtual real estate plot for $2.4m

by Team Luno 1 minute read

What A plot of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency. Why The purchase of land in the online environment’s ‘Fashion Street Estate’ marks the first step in expanding the platform's e-commerce offerings within the metaverse. What next The Decentraland...

German government calls for new approach to crypto in coalition agreement

by Team Luno 1 minute read

What The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Why  According to a rough translation of the 177-page agreement published on Nov 24, the government intends to make European financial market supervisory law fit...

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