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Nigerian hotel becomes country’s first to accept Bitcoin payments

George Residence in Lagos has announced plans to start accepting BTC payments. The company has already converted 50% of its balance sheet to Bitcoin. A luxury hotel in Lagos, Nigeria will reportedly accept Bitcoin (BTC) as a form of payment and adopt the digital asset as its primary reserve currency as concerns about inflation continue to grip Africa’s largest economy. George Residence confirmed its intent to begin accepting Bitcoin this weekend, according to 1st News, a Nigerian news publication. George Residence, which offers luxury hotel and premium apartment suites, will accept BTC through Coinvest Africa, a regional cryptocurrency brokerage. “We have allocated…

Digital euro, Ensuring privacy citizens and markets demand

The results of the public consultation on the planned “digital euro” were announced by the European Central Bank, which show that citizens and professionals prioritize the secrecy of transactions. The ECB will take into account the results of the consultation in its decision in mid-2021 on the formal launch of the initiative leading to the new digital currency. China recently unveiled the digital version of the yuan, and plans to introduce digital currencies are being considered in Sweden and Japan. Unlike cryptocurrencies such as bitcoin, which are not controlled by banks or other central institutions, the digital euro will be…

Cryptocurrencies also invade sports – What is happening in Greece

Millions of dollars in US dollars in Bitcoin for NBA and NFL, sponsorships in major European football leagues, FIFA-UEFA plans and the παράδειγμα Greek example of the Ionian Hellenic Coin basketball team Cryptocurrencies are gaining ground in the “industry” of sports. This happens in various ways and Greece is no exception to this trend. Why may the football and basketball clubs of the country not have dared e.g. to make – or even offer – salary payments to players and their coaches with Bitcoin, such as the Sacramento Kings in the NBA, but for a few months now there is…

China declares war on the dollar

The central bank is already piloting the digital yuan, which is available in cyberspace, in mobile applications, as well as plastic cards. The goal is to expand its use throughout the economy. Cryptocurrencies, with Bitcoin first and foremost, do not just represent a relatively new method of “gambling” in the markets. With their entry into the real economy, especially after Tesla’s decision to allow payment for its vehicle sales to be made in Bitcoin and the many branded and global companies that are expected to follow, they also acquire exchange value. Thus, they now move to another track and threaten…

They should not ignore cryptocurrencies FED and Treasury

Kevin McCarthy, the leader of the Republican minority in the US House of Representatives, has alluded to the policies of the head of the US Federal Reserve (Fed) and the US Treasury Department, regarding their handling of the issues of secrecy and stating that they may need to re-evaluate their positions. Speaking on CNBC’s Squawk Box, host Joe Kernen asked the Republican if either Treasury Secretary Janet Yellen or Fed Chairman Jerome Powell fully understood “digital currencies or Bitcoin.” Regarding Bitcoin (BTC), McCarthy claimed that both officials “tried to ignore it”, urging those in government to see the possibilities of…

Walmart is considering investing $ 1 billion in the bitcoin market

There has been a lot of gossip in recent days in the US about Walmart’s $ 1 billion investment in the cryptocurrency market, especially Bitcoin. And although no official announcement has been made yet, it seems that this issue is under consideration. Landmark potential investment by Walmart In that case, if Walmart enters this market, as whispered, the impact will be huge. Inevitably, the price of Bitcoin per currency will skyrocket. It is noted that Walmart is a retail company that addresses the broad social strata. In this sense, its possible investment in cryptocurrencies will “open” the cryptocurrency market to…

Any government attempt to ban Bitcoin is foolish and ineffective

Any government attempt to ban Bitcoin would be “foolish,” said Hester Peirce (also known as “Crypto Mom”), a digital currency-friendly commissioner at the US Securities and Exchange Commission (SEC), during a conference via video conference. “I think we got to that point very early on, because to do that, you have to shut down the internet,” Peirce said. “I do not see how anyone could ban Bitcoin. He could definitely make the effort. It would be very difficult to stop people from trading with Bitcoin. So I think it would be foolish for a government to do that. Not only…

Southampton, the first club in the world that will receive a sponsorship in Bitcoin

Southampton, according to the English newspaper “The Telegraph”, will become the first club in the world to be paid in Bitcoin cryptocurrency by its … main sponsor, Sportsbet.io of Coingaming Group. Celebrating the three-year renewal of their partnership with Sportsbet.io, as the most important in the history of the club, the “saints” announced that the agreement “includes the option of paying some bonuses in Bitcoin at the end of each season, which guarantees the club the opportunity to take advantage of the new currency “. “Sportsbet.io has built a successful business, making sense in the market, but in a responsible…

It exceeded 2 trillion. the market value of cryptocurrencies

The total capitalization for bitcoin amounted to 1.1 trillion. while the value of Ether exceeded $ 2,000. The landmark of 2 trillion. The cryptocurrency market crashed, according to data from CoinGecko and Blockfolio, thanks to the recent rally in prices, according to data cited in a Reuters article on Monday, April 5, 2021. The value of the cryptocurrency market reached 2.02 trillion. dollars, with the bitcoin equivalent jumping to $ 1.1 trillion. The most famous cryptocurrency strengthened today by 1.4% to $ 59,025. Over Google At the beginning of February, the value of the cryptocurrency market had for the first…

Blockchain In Healthcare and Fintech: Will There Be an Impact?

Today the financial sector and the healthcare sector are trying to develop and grow at a rapid pace. In the process of growth, they are hampering the security of the system also. Blockchain technology application in Healthcare and financial institutions will help you develop your work process. Blockchain Technology is impacting both the healthcare industry and the world’s Financial technologies to a great extent. It will help you to develop your work process in a better manner. Impact of Blockchain Technology on Healthcare & Fintech  Blockchain Technology has impacted healthcare & Fintech massively. The details regarding this matter will be…