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FameEX Morning Crypto News Recap | December 8, 2023
2023-12-08 12:16:55
Lugano, Switzerland, Allows Residents to Settle Tax Payments Using Bitcoin
Residents of the Swiss city of Lugano now have the option to pay their taxes and other community fees using Bitcoin and the stablecoin Tether. This move aligns Lugano with three other Swiss cities and cantons that already accept cryptocurrency payments for various services and fees.
Brazil to Explore Digital Currency Usage in G20 Financial Transactions Discussions Brazil's Central Bank President, Roberto Campos Neto, intends to raise the topic of digital currencies' potential to enhance the financial system at G20 discussions. He hopes to promote the use of these currencies for financial transactions within the G20 and advocate for the adaptation of regulatory frameworks to harness their advantages. JPMorgan CEO Jamie Dimon Suggests He Would Shut Down Crypto as a Government Official JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to cryptocurrencies during a congressional hearing, stating that if he were in a government role, he would consider shutting down the crypto industry. He emphasized his longstanding skepticism and concerns about cryptocurrencies, particularly Bitcoin. Sotheby's to Hold Auction for 'Bitcoinshrooms' Collection Based on Bitcoin Sotheby’s, the world’s oldest fine art auction house, recently announced an upcoming auction featuring Bitcoin-themed Ordinal inscriptions, a first in the auction house's history. This online event will take place in December at Sotheby’s New York and will showcase an exclusive selection from the "Bitcoinshrooms" collection, part of Shroomtoshi’s Ordinals. SEC in Talks with Spot Crypto ETF Applicants Regarding 'Crucial Technical Aspects' A December 7 Reuters report revealed that the SEC is in discussions with asset managers regarding "key technical details" concerning the listing of spot Bitcoin ETF shares on U.S. exchanges. The SEC has yet to approve any spot cryptocurrency exchange-traded product, opting to delay decisions on applications for the maximum allowable time. Hive Digital Reports Bitcoin Miners Purchased in December Last Year Have Already Covered Their Costs Bitcoin mining firm Hive Digital Technologies has revealed that its acquisition of Bitmain mining rigs in December of the previous year has already yielded a return on investment. This profitability is primarily attributed to the substantial appreciation in the price of Bitcoin. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
