Pumptober!!!
Another week of gains for cryptos! Both bitcoin and ethereum seeing green and gaining 6% and 5% respectively. Even Polkadot had a 20% run yesterday! Pumptober is definitely living up to its name. Bitcoin is at US$58.5k and ethereum hovering around US$3.8k at time of writing. Only halfway through the month and the hoping that the bulls are just warming up. Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies. The Sri Lankan authorities have identified the need to develop “an integrated system of digital banking technology, blockchain and cryptocurrency mining” as a way to stay on par with global partners and international markets. That is quite forward looking, although not the first. And in another nation’s news, El Salvador’s will use part of its US$4m Bitcoin profit to build a veterinary hospital. The move was announced on Twitter by President Nayib Bukele. Bitcoin its but for the animals as well.
From countries to corporates, Jelurida is set to launch a 30-day blockchain education campaign across East Africa. The group aims to promote blockchain education with meetings in universities, financial institutions and public administrations as part of the tour. How noble of an act is that? Well done. Earlier this year, Tesla invested US$1.5b in bitcoin. It put Tesla’s position of roughly 43,200 BTC at about US$2.5b at current prices, which means that the stake has already increased in value by US$1b. Eye watering numbers.
El Salvador’s bitcoin investment is up 25% in just one month. Invest wisely, avoid leverage and stay safe.
Sri Lanka appoints a committee to implement cryptocurrency and blockchain mining
Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies.
According to Samaranayake, the Sri Lankan authorities have identified the need to develop “an integrated system of digital banking technology, blockchain and cryptocurrency mining” as a way to stay on par with global partners and international markets.
El Salvador to use Bitcoin profits to build veterinary hospital
El Salvador will use part of its $4m Bitcoin profit surplus to build a veterinary hospital.
The country’s leader – President Nayib Bukele – announced the move on Twitter, explaining the new animal hospital will be able to respond to 128 emergencies, perform 64 surgeries, and handle almost 400 appointments a day.
Jelurida to launch 30-day blockchain education campaign across East Africa
The African arm of the company behind the Ignis, Nxt and Ardor blockchains will launch a multi-country tour to provide blockchain education in the public and private sectors.
According to the information provided to TBEN, Jelurida Africa said that it will start a blockchain expedition starting with the Autonomous State of Zanzibar of Tanzania on October 23 before continuing to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe and Tanzania. The group aims to promote blockchain education with meetings in universities, financial institutions and public administrations. The team of distributed ledger technology and smart contract experts said they plan to reach out to local lawmakers and private companies as well as blockchain developers and enthusiasts in the respective countries as part of the tour.
Tesla’s Bitcoin investment is already up by US$1b
Tesla (TSLA) must be feeling pretty good about its move into cryptocurrency holding, as its stake in Bitcoin is already up by $1 billion.
Over the last year, Tesla has been delving deep into the cryptocurrency world. Earlier this year, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles.
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