Weekly News Digest |

Weekly News Digest

Hello everyone! Here is a roundup of cryptocurrency and blockchain news that will be of interest to every user, and will help understand the direction of the crypto market this week. 

USA and regulators

On November 16, US President Joe Biden signed a bill on financing infrastructure projects, according to which crypto brokers and operators must notify the tax office of transactions worth $10,000 or more. Perhaps in connection with this news, the price of Bitcoin dropped by 7.5%, followed by other cryptocurrencies. The price of the EDC coin has leveled off after a short-term drop. 

China and mining ban 

China's National Development and Reform Commission has banned state-owned companies from mining cryptocurrencies. In case that companies continue to mine, penalties will follow. 

This year, China has taken a tough stance against all miners, accusing them of wasting electricity and accidents related to coal mining. 

Twitter and NFT

Twitter Marketing Director Justin Taylor shared a video about the new tool – soon users will be able to change their avatars to NFT images, and their accounts will be able to get a checkmark confirming the blockchain that NFT belongs to. To do this, you need to connect the crypto wallet to your account. 

Croatia, post offices and cryptocurrency 

Cryptocurrencies can be bought or sold at 50 Croatian post offices. On a special site, users can find the nearest post offices for exchange. Transactions are carried out through Electrocoin, a company that provides a crypto payment option across the EU. 

Movies for cryptocurrency 

The CEO of the AMC cinema chain in the United States, Adam Aron, announced that cryptocurrency payments for digital gift certificates in the cinema are already available. The most popular cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, and Litecoin) have now been added, but the list will expand. 

Earlier this year, AMC was on the verge of bankruptcy during quarantine, but was able to stay afloat. 

Stay tuned and follow the news on EDC Blockchain media: Telegram, Facebook, and Twitter

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