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FameEX Morning Crypto News Recap | December 8, 2023
2023-12-08 12:09:20
Lugano, Switzerland, Permits Residents to Pay Taxes Using Bitcoin
Citizens in the Swiss city of Lugano can now pay their taxes and community fees using Bitcoin and the stablecoin Tether. This development follows the lead of three other Swiss cities and cantons that already accept cryptocurrencies as payment for various services and fees.
Brazil to Explore Digital Currency Usage in G20 Financial Transactions Talks Roberto Campos Neto, the President of Brazil's Central Bank, plans to address the potential of digital currencies in improving the financial system during G20 discussions. He aims to advocate for their use in financial transactions within the G20 and encourage the adaptation of regulatory frameworks to leverage their benefits. JPMorgan CEO Jamie Dimon's Remark About Closing Down Crypto as a Government Official JPMorgan Chase CEO Jamie Dimon reiterated his long-standing opposition to cryptocurrencies during a congressional hearing, suggesting that if he were in a government position, he would contemplate shutting down the crypto industry. His remarks underscore his ongoing skepticism and concerns about cryptocurrencies, particularly Bitcoin. Sotheby's to Conduct Auction Featuring 'Bitcoinshrooms' Collection with Bitcoin Theme Sotheby’s, the renowned fine art auction house, is set to hold its first-ever auction featuring Bitcoin-themed Ordinal inscriptions. The online auction, scheduled for December in Sotheby’s New York, will feature a special selection from the "Bitcoinshrooms" collection, a part of Shroomtoshi’s Ordinals. This marks a significant milestone in Sotheby's history. SEC Engages in Discussions with Spot Crypto ETF Applicants Regarding 'Critical Technical Aspects' A December 7 Reuters report unveiled that the SEC is engaging in talks with asset managers concerning "critical technical details" surrounding the potential listing of spot Bitcoin ETF shares on U.S. exchanges. The SEC has not yet sanctioned any spot cryptocurrency exchange-traded product, electing to extend deliberations on applications for the maximum permitted duration. Hive Digital Announces Bitcoin Miners Acquired in December Last Year Have Recouped Their Expenses Bitcoin mining firm Hive Digital Technologies has reported that its purchase of Bitmain mining rigs in December of the previous year has already paid off, thanks to the significant increase in the price of Bitcoin. This profitability underscores the potential for returns in the cryptocurrency mining sector as the value of Bitcoin continues to rise. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
