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CrypRadar - January 31, 2025

CrypRadar

CrypRadar - January 31, 2025

February 3, 2025

What Happened in the Web3 World This Week?

🏆 The adaptation of Bitcoin and cryptocurrencies by countries and central banks continues to increase at full speed.

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Tether and Lightning Labs Partnership

Tether and Lightning Labs have announced a partnership that will enable USDT to be used as a payment option on the Bitcoin Lightning Network.

Read more here.

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Czech Central Bank Governor to Propose $7 Billion Bitcoin Reserve Plan

The Czech Central Bank Governor is preparing to propose a $7.3 billion Bitcoin investment as part of the country's foreign exchange reserve diversification strategy. If approved, the CNB will become the first central bank in Europe to adopt Bitcoin as a reserve asset.

Read more here.

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El Salvador Backs Down on Bitcoin Law

As part of a $1.4 billion agreement with the IMF, El Salvador has revised its Bitcoin law, removing the mandatory Bitcoin acceptance requirement for the private sector.

Read more here.

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Tesla Earns $600 Million from Bitcoin

Thanks to new accounting rules, Tesla has recorded its $600 million profit from Bitcoin on its balance sheet, helping to offset the weak appearance of its financial statements.

Read more here.

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Texas Prioritizes Bitcoin Reserve for 2025

Texas Governor Dan Patrick has announced a plan to establish a Bitcoin reserve as part of the state's 2025 legislative priorities. The bill aims to position Texas as a leader in the digital economy by allowing Bitcoin to be used for tax and fee payments.

Read more here.

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Poland Surpasses El Salvador in Bitcoin ATM Count

Poland has surpassed El Salvador by reaching a total of 219 active Bitcoin ATMs, becoming the fifth-largest Bitcoin ATM network worldwide. By adding 24 new ATMs in the last four months, Poland has joined the ranks of countries accelerating crypto ATM installations.

Read more here.

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