CRYPTO WEEKLY MARKET UPDATE

Survey: 48% of Brazilians want Bitcoin to be legalized

A survey conducted by Sherlock Communications in conjunction with research platform Toluna has revealed that nearly half of Brazil’s population wants the government to adopt Bitcoin.

Ukraine Regulates BTC, Gives Crypto an Official Green Light

Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate.

More than a law: Texas takes steps to amend Bitcoin into state constitution

Everything is bigger in Texas, which is why it shouldn’t come as a surprise that the Lone Star state is making moves to become America’s next Bitcoin (BTC) hotspot.

Most recently, Texas implemented two laws to ensure that cryptocurrencies are recognized under state commercial law. Texas House Bills 4474 and 1576 both took effect on Sept. 1, after being signed into law by Governor Greg Abbott this past June. While H.B. 1576 established a blockchain working group in Texas, H.B. 4474 provides a complete framework to demonstrate that virtual currency has a place under Texas law.

UK Post Office now allows customers to buy Bitcoin through its app

Customers of the UK Post Office can now make in-app Bitcoin purchases following a partnership with German-based crypto exchange Swarm Markets.

 Mexican retail giant Grupo Elektra will soon enable support for Bitcoin Lightning payments.

Bitcoin’s hash rate has recovered by 50% since the decline in June.