🇸🇻 El Salvador will Build Tax Free “Bitcoin City”
El Salvador will build a city with residential and commercial real estate, restaurants, an airport and rail links, the borders of which will be rounded like a coin, and a complex with a giant BTC symbol will be built in the center.
As part of the initiative, El Salvador will issue “Bitcoin Bonds” for $ 1 billion, of which $ 500 million will be spent on preparing infrastructure for mining, and another 500 million are planning to invest directly in the first cryptocurrency.
The only tax will be VAT, with which they plan to redeem bonds.
💰 Bitcoin has risen in price by almost $ 4 thousand in half an hour.
The price of the first cryptocurrency at the moment reached $ 59.4 thousand.
The price of bitcoin on the Binance crypto exchange increased by almost $ 4 thousand in half an hour (5%). At the moment, the cost of the first cryptocurrency reached $ 59.4 thousand.At 16:45 Moscow time, the asset is trading at $ 58.9 thousand, and its capitalization is $ 1.1 trillion, according to CoinGecko.
On the night of November 22, bitcoin fell by $ 3 thousand after its rate reached $ 60 thousand. The first cryptocurrency fell in price by 10% over the week. The asset is recovering after its price dropped to a local minimum of $ 55.6 thousand on November 19.
On November 10, the price of bitcoin reached a new all-time high of $ 69 thousand.Since then, the price of the cryptocurrency has decreased by 14.6%.
🇷🇺 The ban of cryptocurrencies in China turned out to be a benefit for Russia
The ban of cryptocurrencies in China will contribute to an increase in the volume of mining and will result in benefits for other countries, writes the Financial Times. According to the publication, fourteen mining companies in the world have exported more than two million computers from China in a few months.
Most of the equipment was sent to the USA, Canada, Kazakhstan and Russia. For example, one of the systems of the Bit Digital mining company, an organization in the United States, has hired an international logistics firm. She intends to take out a thousand computers from China and is waiting for the shipment to be released from the port of New York.
The bulk of the computers sent to Kazakhstan came from the Chinese company Bitfufu (80 thousand equipment) and BIT Mining (7.8 thousand devices). In Russia, Bit Cluster received more than five thousand computers from China within a few weeks.
🇺🇸 US Senator Opposes Cryptocurrency Tightenings in New Investment Law
Senator from Texas Cruise put forward a bill for consideration, the main goal of which is to abolish part of the law on investments in the country’s infrastructure, namely the part that puts forward stringent requirements for the activities of brokers and organizations, the main activity is working with cryptocurrencies.
According to representatives of the cryptoindustry in the United States, it hinders the development of technologies in the country and may lead to the broadcast of cryptocurrency companies abroad.
It is worth noting the fact that some of the Chinese miners migrated to Texas due to the ban.