Bitcoin (BTC) price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back below the key short-term resistance level. Congratulations Paraguay • a bill has been submitted to make #BITCOIN … [Read more...] about Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill
Could Paraguay emerge as a Bitcoin mining hub after China crackdown?
Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk.The announcement was the latest in China’s long-running friction with the cryptocurrency industry. But this time, given the Chinese Communist Party’s promotion of its digital yuan, it looks as though commercial … [Read more...] about Could Paraguay emerge as a Bitcoin mining hub after China crackdown?
Paraguay joins the crypto train, says ‘Bitcoin to the moon’
Paraguay is setting an important project in motion this week, hinting at Bitcoin (BTC) and its legal tender status, announced congressmen Carlitos Rejala in a tweet. Only a day after the announcement made by the El Salvador President Nayib Bukele on Twitter, it seems Paraguay is going to be the next country racing to legalize Bitcoin. Laser eyesThe Chamber of Deputies … [Read more...] about Paraguay joins the crypto train, says ‘Bitcoin to the moon’