🔴 New Tech Scares Bitcoin | This Week in Crypto – May 15, 2023

Binance is exiting the Canadian Market The congested Bitcoin Network calls for Urgent actions and who is the first European nation to accept Bitcoin as Payment these stories and more this week Encrypted [Music] Hi I'm Nate Martin from 99bitcoins.com And here's what's happened this week in Crypto liechtenstein's prime minister Daniel Rich has revealed his Government's intention to accept Bitcoin As payment for State Services making it The first European nation to do so Rish Also said that investing State reserves In crypto was also being considered the Debt-free country holds reserves of as Much as three times its one billion Dollar annual budget which is invested Mostly in Securities binance has Announced its exit from Canada citing Regulatory tensions the world's largest Crypto exchange said that new guidance Related to stable coins and investor Limits has prompted their exit from the Canadian Market binance CEO chengpeng Xiao who was also raised in Canada Described the situation as quote no Longer tenable Bittrex has filed for bankruptcy Protection a month after ending its U.S Operations bittrex's annual revenue has Dropped by 97 percent over the past five Years as the firm has struggled to keep

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Up with competitors customers were urged To withdraw their funds before April 30th but according to the bankruptcy Filing there are numerous customers who Each have at least a million dollars Still in their accounts fintech payments Giant PayPal has disclosed nearly one Billion dollars in cryptocurrencies on Its balance sheet in a filing with the SEC the company indicated that it holds Customer assets in Bitcoin ether Bitcoin Cash and Litecoin on its balance sheet The company does not hold Cryptocurrencies outside of its customer Assets in any of its own Holdings A montenegrin court has decided that Terra founder doe Kwan be released from Jail and placed under police Surveillance at a local residence the Court accepted 400 000 Euros in bail Pending the outcome of the trial however He will not be allowed to leave his Apartment which will be guarded by Montenegrin police Texas lawmakers have voted to add Cryptocurrency to the state's Bill of Rights granting individuals the right to Use digital currencies for trading the Bill which safeguards essential Liberties like freedom of speech and Religion now also includes an amendment Clarifying that individuals have the Right to use a medium of exchange that Is mutually agreed upon even digital

Currencies Digital asset firm backed has dropped 25 Of the 36 crypto tokens that were listed On its recently acquired trading Platform Apex crypto the decision was Part of the regular coin listing review Process that is based on interest and Regulatory guidance backed owned by Intercontinental Exchange which also Owns the New York Stock Exchange Acquired Apex crypto last year to gain Exposure to the fintech market The Bitcoin Network suffered severe Congestion that led binance to Halt Transactions multiple times this week The mempool had a queue of over 400 000 Pending transactions causing delays and High fees as excitement has increased Around Bitcoin ordinals nfts on the Bitcoin Network the dev Community is now Calling for a Spam filtration to make Changes to the Bitcoin code in order to Bring an end to the trading of brc20 Tokens that's what's happened this week In crypto see you next week if you've Enjoyed this video leave us a thumbs up Subscribe to the channel and click the Notification Bell so you don't miss a Review news update or the clearest Information about Bitcoin and Cryptocurrencies anywhere [Music]