Florida governor wants to accept bitcoin for taxes, Dalio’s hedgefund to invest in cryptomarket, 3.500 BTC on Lightning

Florida Governor wants State to accept Bitcoin for taxes

Florida Governor Ron DeSantis says he’s taking steps to enable firms to pay taxes in cryptocurrencies.

DeSantis’s comments came during the signing of a financial literacy curriculum bill today. During the press conference, DeSantis said he had directed state agencies to ready themselves to accept taxes in crypto.

“We are working — and I’ve told state agencies — to figure out ways where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that.”

Source: The Block

‘Ray Dalio’s Bridgewater Investing in Crypto Fund‘

The world’s largest hedge fund, Bridgewater Associates, is planning to back an external crypto-vehicle. It has no current intention of directly investing in crypto assets itself, one of the sources said.

It’s the clearest signal to date that the world’s largest hedge fund, currently with $150 billion in assets under management (AUM), is taking crypto seriously as an asset class. Founder Ray Dalio’s announcement in May 2021 of a personal investment in bitcoin (BTC).

“Bridgewater is in a first-half plan this year. They’re planning on having a small slug of their fund deployed directly into digital assets.” ~ Anonymous sources

Source: CoinDesk

Capacity of Bitcoin’s Lightning Network reaches 3.500 BTC

At the time of writing, the public channel capacity of the Lightning Network is over 3,500 BTC.

The growth was highest in 2021 over the last two years, with the 30-day growth reaching a peak annualized growth rate of nearly 348% in August last year.

Back then, both El Salvador and Twitter started to integrate the Lightning Network, which facilitates cheaper and faster payments.

Since then, growth in public channel capacity has slowed but is still growing over 30% annualized when averaging the growth over the last 30 days.

Give us a call on +372 602 6773 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any question you may have, especially in regards to easily selling your crypto for fiat currencies.

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