
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.
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.
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.
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.
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.
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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.
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.