3/23 Morning Briefing: Bitcoin to Xbox Payments?

Joonhyuk Lim

Source=flickr
Source=flickr

Main news

1. “Chinese digital yuan, not anonymous currency”

“The anonymity of the central bank’s digital currency (digital yuan) is possible only within the range of risk that can be controlled.” “You can’t implement a completely anonymous wallet.”

2. Bitcoin to Xbox payments?

Microsoft (MS) is considering adding bitcoin as a payment method to the online store of Xbox, a home game console.

3. Cryptocurrency Ban Morocco Increases Use of Foreign Exchanges

Cryptocurrency trading is banned in Morocco. However, Moroccans continue to use the Finnish P2P platform LocalBitcoins. Local Bitcoin announced in February that Moroccan trading volume was the highest ever. It also revealed that in 2020, Morocco users increased by 30% compared to the previous year. Moroccan financial authorities have banned cryptocurrency transactions, but are known to be considering issuing central bank digital currency (CBDC).

4. Mining company Glinridge “listed on NASDAQ”

Bitcoin mining company Greenidge is preparing to list on NASDAQ. Greenridge, which operates its own power plant, announced on the 22nd that it will be listed by merging with solution company Support.com.

5. Change of governor of Central Bank of Turkey, lira plunges 15%

Turkey’s central bank governor was replaced in four months, and the value of the Turkish fiat lira fell 15% on the 22nd. The lira depreciated by 23% against the US dollar last year, and Turkey’s inflation is getting worse.

According to Google Trends, cases of bitcoin searches in Turkey have soared over the past seven days. In Turkey’s poorest provinces, bitcoin searches are the most common. The newly appointed Governor Nazi Agbal will continue to implement a low interest rate policy in accordance with President Rezef Taif Erdogan’s will.

Coin gossip

■ Satoshi Nakamoto has already explained the Bitcoin environmental problem

■ Now, even taco bells are entering the NFT industry

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