UKRAINE has joined other countries by passing a law that regulates cryptocurrency.
The vote on Thursday by the Ukrainian Parliament was almost unanimous and will now head to Ukrainian President Volodymyr Zelensky's desk.
Ukraine joins other countries that has passed some form of legislation on bitcoin and cryptocurrencies.
El Salvador has adopted bitcoin as a legal tender. Some other countries may follow suit.
Read our cryptocurrency live blog for the latest news and updates...
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WHY DID THE BITCOIN PRICE DROP TUESDAY?
The price of Bitcoin dropped more than 10 percent on Tuesday as El Salvador suffered problems in the rollout of the cryptocurrency as its legal tender.
Bitcoin’s value crashed suddenly from $52,500 to below $44,000 on Tuesday, according to CoinMarketCap.
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WHAT IS POLKADOT, CONTINUED
Jobson added, “To put this into context, developers have a choice from a variety of blockchains to build applications on – each with their own strengths and weaknesses that they have to mull over when deciding where to develop.”
“Polkadot aims to solve that problem by enabling interoperability between chains.”
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WHAT IS POLKADOT?
The Polkadot project was founded in 2017, but the cryptocurrency only launched in May last year.
It allows cross-chain transfers of any type of data or asset, not just tokens, making a number of blockchains interoperable with each other.
In essence, it’s an interchange and translator between multiple blockchains – most of which weren’t built to...
Read Full Story: https://www.the-sun.com/money/3645940/cryptocurrency-latest-bitcoin-legalized-ukraine-el-salvador/
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