Another Friday, another digest of the most important crypto news, trends, and developments noticed by the Evercode Lab team. To stay on top or climb even higher, one should always know what is happening around. That is why we at Evercode Lab are always focused!  

22.11 

El Salvador’s plans are truly ambitious when it comes to crypto. As we all remember, this is the first country where BTC is a full-fledged legal tender. Now, its present is going to take the next step. 

The president of El Salvador announced that his nation would build a new city, “Bitcoin City”. As constructing new cities is an expensive policy, this initiative is to be “funded by the cryptocurrency”. What is interesting, the city will be located “near Conchagua volcano.” 

Beyond any doubt, such a project looks “slightly” too ambitious to be real. At the same time, we at Evercode Lab would be happy to see the rise of new crypto hubs, be it cities, countries, regions, or even villages. 

23.11

The Head of Australia’s Securities and Investments Commission admits that the popularity of crypto is caused by “extraordinary consumer and investor demand.” While he urges caution, he still emphasizes the fact that “Crypto is on our doorstep, here and now”, with “potentially huge” consequences. 

We, at Evercode Lab, understand this trend very well. That is why we believe that the sooner the global and national regulators forge a softer and adequate policy in this respect, the better it will be! 

24.11

The European Union is one step closer to finalizing Europe’s political stance towards crypto. At least, this is what the latest step taken by the European Council communicates. One of the main EU bodies adopted its vision concerning the “Markets in Crypto Assets” framework. As a result, the road is open for the European Parliament and the Council itself to successfully negotiate with each other. Eventually, this proposal might become a law. 

The plan is to capture digital assets like BTC and “make it simpler for crypto firms to expand throughout the EU by facilitating a passportable license.”  

25.11

The President of Kazakhstan, Mr. Kassym-Jomart Tokayev, proposes another bold initiative! To support the local thriving crypto mining sector, a whole new nuclear plant should be constructed! 

26.11

​​Blockdata’s analysts revealed an important trend. As one can see, the BTC network “already processes more volume by dollar value than Paypal.” 

  • In 2021, per quarter, Bitcoin processed $489 billion
  • Paypal processed $302 billion

Can BTC outpace such credit card giants as Mastercard and Visa? 

Right now, it is not likely, according to them. However, if the BTC keeps on rising at the same rate, Bitcoin may match Mastercard in 2026.