Bitcoin’s big Miami event has today delivered news of BTC adoption from two more territories, but bullish price action for the crypto hasn’t currently made it to the party.

Prospera, a jurisdiction on the  island off the northern coast of Honduras, and Madeira, an autonomous region in Portugal, are now the latest territories to adopt Bitcoin as de facto legal tender. They follow in El Salvador’s footsteps, which made a similar announcement last year.

Okay, so it’s not earth-shattering news… but every step counts.

The reveals were made on the main stage at Bitcoin 2022 in Miami with leaders from the two regions introduced by well-known crypto identity Samson Mow.

Former Chief Strategy Officer of Bitcoin-focused tech company Blockstream, Mow is now putting all his energy into “orange pilling” nation states. In other words, he strives to help countries and territories adopt Bitcoin.

According to Prospera’s president Joel Bogmar, residents of the territory will be exempt from paying capital gains tax on Bitcoin and will be able to pay taxes and fees using the the OG crypto.

Prospera will also “enable other municipalities in Honduras or other companies or political subdivisions outside of the United States to float Bitcoin bonds from within the Prospera jurisdiction,” said Bomgar, adding that it’s “an incredible way to bring foreign direct investments to the part of the world that needs it most.”

 

Bomgar and Mow were joined by Miguel Albuquerque, president of the Regional Government of Madeira in Portugal, who announced that Madeira’s residents won’t need to pay personal income taxes when buying or selling Bitcoin.

And, in what would have been the biggest news of the lot if it had turned out to be more than a mere proposal, Mexican senator Indira Kempis also joined the stage to announce her plan to push a bill for the introduction of Bitcoin as legal tender in Mexico.

The biggest news from Bitcoin 2022, however, is expected to be announced later in the day and it will involve Strike CEO Jack Mallers and possibly one of the biggest retail tech companies on the planet. Or is it something else? You can tune in to the Bitcoin Magazine-sponsored event live on YouTube, see below…

 

Top 10 overview

With the overall crypto market cap at about US$2.1 trillion, down roughly 0.2% from this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Can BTC and the crypto majors jump into the slipstream of positivity from the Bitcoin 2022 event? You’d think so, but things are pretty flat across the top 10 board just at this very moment.

Let’s see what the late afternoon (Miami time) brings…

 

Uppers and downers: 11–100

Sweeping a market-cap range of about US$21.9 billion to about US$1.1 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.

DAILY PUMPERS

• Xido (XIDO), (market cap: US$1.91 billion) 99%

• Ethereum Classic (ETC), (mc: US$5.6 billion) +5%

• OKB (OKB), (market cap: US$5.44 billion) +5%

• Enjin (ENJ), (market cap: US$1.5 billion) +4%

• ZCash (ZEC), (market cap: US$2 billion) +3%

 

DAILY SLUMPERS 

• STEPN (GMT), (mc: US$1.28 billion) -15%

• Maker (MKR), (mc: US$1.83 billion) -8%

• Filecoin (FIL), (mc: US$4.1 billion) -5.5%

• Axie Infinity (AXS), (mc: US$4.18 billion) -5%

• Humans.ai (HEART), (market cap: US$1.36 billion) -5%

 

Uppers and downers: lower caps

Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…

DAILY PUMPERS

• district0x (DNT), (market cap: US$124 million) +45%

• OEX Token (OKT), (mc: US$760m) +30%

• Haven (XHV), (mc: US$75m) +27%

• Savanna (SVN), (mc: US$196m) +20%

• Tomb Shares (TSHARE), (mc: US$173m) +20%

 

DAILY SLUMPERS

• Strong (STRONG), (mc: US$20m) -28%

• TRONPAD (TRONPAD), (mc: US$19m) -25%

• Multichain (MULTI), (mc: US$271m) -19%

• Oasis Network (ROSE), (mc: US$866m) -13%

• Lido DAO (LDO), (mc: US$1 billion) -12%

 

Around the blocks

Meanwhile, speaking to an audience at an American University event in Washington, DC today, the US Treasury Secretary Janet Yellen gave a speech about cryptocurrencies.

And her remarks, on the whole, indicated she’d like to apply the same rules of the traditional financial system to the crypto industry and digital assets, adding:

“Some proponents speak as if the technology is so radically and beneficially transformative that the government should step back completely and let innovation take its course… On the other hand, skeptics see limited, if any, value in this technology and associated products and advocate that the government take a much more restrictive approach.”

Not sure what the market can make of that, really, but here was crypto angel investor “LilMoonLambo’s” take…

And moving further around Crypto Twitter…

 

 

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