It has become a tradition to list the platforms featuring UCoin! We regularly publish these links because we care about our community, and we’re doing everything in our power to prevent you from becoming a victim to fraudulent schemes!
We continue following president Bukele’s actions, and this time he didn’t miss the opportunity to fill his country’s coffers with more Bitcoin during the latest price crash.
El Salvador spent $15 million to buy 410 BTC. We believe that the president is on the right track, and his actions have already put his small Central American country in the history books last year. El Salvador became the first country to adopt BTC as legal tender. This happened in September 2021, and the country’s government has since been buying more Bitcion, as well as supporting the crypto industry.
At UCoin we are actively participating in the crypto life of that exact region and promoting crypto initiatives! We believe that the future belongs to crypto!
In 2022 we continue our tradition! Every week UCoin will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 17 through 23 of January 2022.
Twitter looking for a Senior Crypto Product Manager
Russian Central Bank considering blanket ban on crypto as the US Federal Reserve is discussing the launch of a digital dollar
A new BHUNT virus attacking crypto wallets discovered by Bitdefender
El Salvador buys the dip again, this time 410 BTC
Mike McGlone: volatility points to resilience of Bitcoin
Of course, there was more news last week, so if we missed an important story, feel free to let us know in the comments, and we will be happy to discuss it with you!
💭If during the holiday rush you just couldn’t find the time to verify your account, we would like to remind you why you should do it as soon as possible: KYC is necessary in order to use the platform at 100% — given that next week we will complete the unlocking of coins on users’ accounts, this becomes especially important!
📚How to do this as fast as possible?
📌Log in to the https://ubisplatform.com website 📌In the side menu, select KYC Verification 📌Upload a photo of your documents (front and back), as well as a selfie with the document. 📌Click Send
We believe that the future belongs to digital assets, especially those that are at the beginning of their ascent to the top. UCoin is one of such coins and we would like to once again speak about the exchanges where you can trade UCoin!
Bitcoin might become a legal tender in three more countries in 2022, following the example of El Salvador, which put Bitcoin on par with the US dollar in September 2021.
We have already mentioned how Nayib Bukele has been posting predictions about Bitcoin and said that two more countries will adopt it as a legal tender. Seems like he was right: a lot of developing countries are dependent on the developed world’s currencies, such as the US dollar. By making crypto a country’s legal tender, these countries gain more independence from other economies.
Experts agree that this year El Salvador’s move might be mirrored by Panama, Paraguay, Guatemala, and Honduras. Will BTC become a legal tender in more countries? Time will tell.
💭In 2022 we continue our tradition! Every week UCoin will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 10 through 16 of January 2022.
📌Indonesian student selfie sold as NFT for $1 million
📌UFC champ considers taking 50% of his next fight purse in crypto
📌Vitalik Buterin asks his followers to choose the best coin for the future
📌Visa tests CBDC on-ramp platform together with ConsenSys
📌Bank of America: Solana can become equivalent to Visa in the world of crypto
💭Of course, there was more news last week, so if we missed an important story, feel free to let us know in the comments, and we will be happy to discuss it with you!