I've scoured the web and summarized 7 of the most interesting Bitcoin headlines from last week. Enjoy!
Miami Locals to Receive Bitcoin Dividends: Mayor Suarez urges Miami residents to participate in the bitcoin boom. The city is offering a bitcoin dividend to people who open a digital wallet. Mayor Suarez announced the move on CoinDesk TV, adding that Miami previously launched its cryptocurrency, MiamiCoin. It is developed on the Stacks platform, which will be used to distribute bitcoin dividends to inhabitants. Additionally, the city is giving bitcoin revenue generated by staking the MiamiCoin to local people. Although MiamiCoin was just introduced in August, the city's staking activity has already generated more than $20 million. Staking is how token holders pledge their assets for a certain length of time in exchange for a return.
AMC Theaters to Accept Bitcoin Payments: AMC Theaters announced that customers would be able to pay for movie tickets and refreshments with bitcoin before the end of the year. AMC does not want to accept just Bitcoin; it also intends to accept Ethereum as well. With the help of a partnership with BitPay, AMC began accepting bitcoins as payment for gift cards in October of last year. According to the company, AMC runs 593 theatres in the United States and 335 theatres in foreign countries.
Islamic Body in Indonesia Declares Bitcoin Haram: According to reports, the National Ulema Council (MUI), Indonesia's highest Islamic intellectual organization, has declared cryptocurrencies such as Bitcoin haram or banned under Islamic teachings. The MIU considered Bitcoin as part of its work on the Ulama Fatwa Commission, which is tasked with addressing some of Indonesia's most pressing social, political, economic, and legal challenges through the perspective of Islamic law. According to reports, while the MIU is a government-funded body, the council's most recent decision is not legally enforceable. Despite the MUI's admission that the fatwa is not Indonesian legislation, some sources assert that it may be utilized as a source of "legislative inspiration." Indonesia's government has chosen a split position on cryptocurrency legislation. Despite imposing a blanket ban on cryptocurrency payments in 2017, local governments have decided to maintain legality for crypto trading.
SEC Rejects VanEck's Bitcoin ETF: In a judgment announced on Friday, the US Securities and Exchange Commission (SEC) rejected investment company VanEck's petition for a spot bitcoin exchange-traded fund (ETF). The agency previously postponed a decision on the request until September. Additionally, the Securities and Exchange Commission revealed Friday that it had rejected a VanEck-managed bitcoin exchange-traded fund that would have tracked the digital currency's price movements directly. The CBOE BZX Exchange applied in March, requesting that the SEC amend its rules to list the VanEck bitcoin fund. The SEC said that the CBOE had not done enough to establish its ability to safeguard investors from fraudulent trading.
Bitcoin ATM Robbed by Thieves in Barcelona: According to local media reports on Friday, Spanish police are probing the heist of a 'bitcoin ATM' during a raid on a cryptocurrency trading shop in a posh Barcelona neighbourhood. Customers may acquire bitcoin using cash or a debit card at Bitcoin ATMs. Some even enable users to convert their crypto holdings for cash. According to the Coin ATM monitoring website statistics, Spain has 158 such machines, the most in Europe. According to the EFE news agency, burglars stole the bitcoin ATM from a business on Beethoven Street in the Sarria neighbourhood, home to a GBTC cryptocurrency exchange branch.
Tim Cook Confirms He Owns Bitcoin: During a speech at the New York Times' Dealbook conference, Apple CEO Tim Cook stated that he had invested his funds in Bitcoin. Although Cook acknowledged his bitcoin investment, he was far more cautious regarding Apple's future goals as a corporation. He ruled out investing its cash position in cryptocurrencies. In addition, he said that Apple has no imminent intentions to enable users to use it to purchase its goods. However, without elaborating, the CEO hinted that "there are other things that we're looking at" in terms of cryptocurrencies.
Bitcoin's Hashrates Experience a Spike: Bitcoin's hashrate was hovering at 157 EH/s. The network is supported by about 14 recognized mining pools. Stealth miners are mining 16.39 exahash or 10.24 percent of the network, and the hashrate is classed as "unknown." The unknown hashrate reflects the network's fifth-largest mining 'pool.' Meanwhile, Bitcoin's hashrate has increased in perfect sync with Bitcoin's upward price movement during the previous three months. Overall hashrate is up 42% from three months ago, around a month following China's restriction on bitcoin miners. Hashrate averages for the previous three months indicate that Bitcoin's hashrate reached as high as 180 EH/s at times during that time. Since October 25, Bitcoin's hashrate has soared three times over the 180 EH/s mark.
Sources:
https://www.coindesk.com/tv/first-mover/first-mover-november-11-2021/
https://www.coinspeaker.com/indonesia-religious-crypto-muslims/
https://fortune.com/2021/11/12/sec-rejects-bitcoin-etf-run-by-vaneck/
https://www.reuters.com/world/thieves-rip-bitcoin-atm-barcelona-crypto-store-2021-11-12/
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source https://www.reddit.com/r/btc/comments/qtvbxj/summaries_of_interesting_bitcoin_news_from_last/
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