A luxury car company is allowing cars to be bought with Bitcoin, and Bermuda isFirst Gov’t to Accept Tax Payments in USDC, let’s start the show
Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website - jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode.
Bermuda has become the first government to accept its stable-coin USD Coin (USDC) for tax payments. This recent change is part of a broader initiative, which sees the Bermuda government support the use of USD-dollar backed stable-coins and decentralized finance protocols and services. Bermuda’s economy already relies on a United States dollar-backed currency, namely the Bermudian dollar. Because of this, several people feel that it’s natural that they would both embrace USD-backed stable-coins for their government services. Let's see how this works out for Bermuda.
A series of United States law enforcement agencies have analyzed Bitcoin (BTC) transactions to locate and shut down a global child pornography site. U.S. Department of Justice announced the shutdown of the largest-to-date child sexual exploitation market called Welcome to Video which was operated by South Korean national, Jong Woo Son. The site offered child pornography videos for sale using Bitcoin. What will the next victory for law enforcement be in the world of bitcoin?
Just a reminder, we have a brand new website - jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode.
Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware. Xpring awent on to say that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a non-custodial web interface. How will this move affect XRP?
David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC) but it is different from the proposed Libra stable coin.
When asked by Squawk Box co-host Joe Kernen if he owns any Bitcoin or other cryptocurrencies, Marcus did not answer directly but noted that he was an early fan of the major cryptocurrency. He said: “I’m a big fan of Bitcoin what I see as digital gold and totally different Libra." Is this an attempt by Marcus, Facebook, and Libra to try and associate Bitcoin and other cryptocurrencies into the minds of potential users?
California-based luxury electric car manufacturer Karma Automotive has started accepting digital currency as a means of payment at one of its stores in Newport Beach. Karma Newport Beach now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services. Now Cryptocurrency has found its way into the luxury goods industry, both in forms of function and payment. In September 2018, Swiss luxury watch brand Hublot released its Big Bang Blockchain watch that could exclusively be purchased with Bitcoin. What will be the next luxury brand that allows users to purchase their goods and services with Bitcoin?
Many thanks for tuning into today's episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.