Great Bitcoin Miners Are Holding Bitcoin, Michael Saylor Says

Michael Saylor shared a relevant tweet about Bitcoin miners. Check it out below.

Bitfarm also posted this: “Recent macroeconomic events in Flag of China have increased Bitfarms’ market share and daily BTC production rate substantially. This increase in market share offsets the reduction in BTC price from a high of approximately US$63,000 in April 2021 to its July 2021 month-end value of US$41,626.”

The crypto market looks amazing today, with Bitcoin hitting $40k one more time.

At the moment of writing this article, BTC is trading in green, and the king coin is priced at $40,713.70.

Bitcoin adoption explodes

The mass adoption of Bitcoin and crypto has been one of the main goals that the crypto industry has set. There have been a lot of moves made in this direction, and they continue.

After El Salvador’s move to make Bitcoin a legal tender, now Uruguay comes into the picture.

Bitcoin and crypto to be accepted as payments in Uruguay by businesses

As reported by the online publication CoinDesk, i’s been revealed that a senator from Uruguay has introduced a bill to allow businesses to accept cryptos as payments and regulate their use within the South American country.

The bill was revealed this week by Sen. Juan Sartori, which seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptos.

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.