Bitcoin tax bomb ahead as crypto approved as legal tender

Bitcoin’s at a three-week low amid signs of institutional investor caution.

But, in El Salvador, lawmakers have voted to recognise bitcoin as legal tender for all businesses and services, with a government backstop.

President Nayib Bukele has pitched his idea for the erratic crypto to improve financial inclusion, as El Salvador has just 30 per cent of its citizens with access to financial services.

The US Senate has voted 68-32 to approve a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology.

The measure authorises about $190 billion for provisions to strengthen US technology and research.

The boss of Colonial Pipeline has said the hackers who launched last month’s cyberattack were able to get into the system by stealing just a single password.

The attack occurred using a legacy virtual private network system that did not have multi factor authentication in place.

Could a small group of immune cells in the brain hold the key to slowing down progression of Alzheimer’s disease? The NHS saw ‘Glastonbury-style’ surge in vaccine bookings from the over 25’s, Ofcom reveals our internet roaming patterns for 2020, and, in a bid to get Earth-dwellers working on Mars space engineers are developing a 3D printed two-stage rocket.

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