Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament
LEO Briefing #52
El Salvador is currently the only nation that accepts Bitcoin as legal tender. That might soon change according to a former member of Parliament.
Lord Fusitu’a recently tweeted about how he believes the Kingdom of Tonga will pass a bill that makes Bitcoin legal tender. This is something that will likely take place in the Fall. This would add a second nation as those who recognize Bitcoin as legal tender.
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European Commission Selects IOTA For EU Blockchain Development
IOTA was selected for the next phase of the EU’s blockchain development. The European Blockchain Services Infrastructure (EBSI) is being designed to help cross-border payment service across Europe. IOTA will be competing against 4 contractors.
Blockchain is being viewed by many as solutions to cross-border and international payments. The present system is simply too slow for the age we are in now.
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US Lawmakers Schedule Hearing To Probe Energy Impact of Crypto
It seems the busybodies in Washington DC cannot help themselves. As if there is not enough going on in the world, Congress is now scheduling a hearing over the energy use of cryptocurrency.
Next week the House’s Energy and Commerce Oversight and Investigations Subcommittee will have a hearing. This is a matter that comes in response to the Chinese banning mining as well as the EU looking into the sustainability of it.
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Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE
Elon Musk is both loved and hated in the cryptocurrency industry. Is the guy a benefit or a hindrance?
It was announced that Tesla is providing a use case for DOGE. The company will start accepting the meme cryptocurrency as payment on merchandise. This will not include the purchase of vehicles, at least not at this time.
Tesla made news last year with its $1.5 billion purchase of Bitcoin.
To read full article click Here
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