From Investing.com: 2024-04-26 17:00:10

The European Union is preparing to introduce regulations for decentralized finance (DeFi) that could attract major banks to the space and pose challenges to existing crypto native platforms. The new regulations aim to bring more traditional financial institutions into the DeFi ecosystem while ensuring compliance with EU rules.

Biden administration allocates $10 billion to expand internet access in rural areas

The Biden administration has allocated $10 billion towards expanding internet access in rural areas across the United States. The funding will be used to bridge the digital divide, providing essential connectivity to underserved communities and improving access to online education, telehealth services, and economic opportunities.

El Salvador becomes first country to adopt Bitcoin as legal tender

El Salvador has become the first country in the world to adopt Bitcoin as legal tender, alongside the US dollar. The move is aimed at boosting financial inclusion, promoting innovation, and attracting investment. The government has also announced plans to build infrastructure to support Bitcoin transactions, including Bitcoin ATMs.

Tesla buys $1.5 billion in Bitcoin, paving the way for crypto payments

Electric car maker Tesla has purchased $1.5 billion in Bitcoin and announced plans to accept the cryptocurrency as a form of payment for its vehicles. The move has sparked renewed interest in Bitcoin and other cryptocurrencies, signaling a growing acceptance of digital currencies in mainstream finance and commerce.

Read more at Investing.com: EU DeFi regulations set to welcome big banks, challenge crypto natives