In the cryptocurrency space, no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop. Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…
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India May Ban Cryptocurrency Payments
The threat of decentralization scares the country’s central bank
India’s Parliament is soon to enter winter session, and many legislators are pushing for the banning of cryptocurrency as a form of payment, but Indian investors could still buy and sell it as an asset. The government is also currently working on a bill that would ban advertising by crypto firms within the country. This would include any platform or exchange on which you could buy or sell cryptocurrency. The Reserve Bank of India, the central bank of the country, is aiding in pushing much of this crypto reform.. They have held numerous closed door meetings in the past few weeks with the government about how to address this issue. …
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Mastercard Accepting Crypto Payments
A Look Into Cryptocurrency in The Asia-Pacific Region
On November 8, 2021, Mastercard made an important announcement regarding their payment systems in the Asia-Pacific region. Because of the company’s partnerships with Amber Group, Coinjar, and Bitkub, anyone in the region will now be able to apply for a crypto-linked Mastercard. This will allow users to instantly convert their cryptocurrency into fiat dollars which they can spend wherever you can use a normal card. This doesn’t mean that people will be paying for their purchases in Bitcoin (BTC) or other coins, but instead Mastercard does an instant transfer from crypto to fiat. This allows for buyers to use the card at any merchant that accepts normal cards, which gives…
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Politicians Preparing for The Crypto Future
How Bitcoin is Changing The Economic-Political Landscape
Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…
