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Grayscale Investments is giving accredited investors an easy path to investing in alternative smart contract platforms, including Cardano and Solana. Go to Source Powered by WPeMatico
The Senate bill to mitigate the risks from El Salvador adopting bitcoin as legal tender has advanced in the U.S. “As El Salvador has adopted bitcoin as legal tender, it’s critical we mitigate risks to our financial system,” said one of the U.S. lawmakers who introduced the bill. Bill to Mitigate Risks From Bitcoin Being … Read more
El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion ‘volcano bond.’ Go to Source Powered by WPeMatico
The bill would direct federal agencies to scrutinize how El Salvador implements its Bitcoin law. Go to Source Powered by WPeMatico
Similar to countries like Indonesia, Malaysia has not banned crypto trading but the government doesn’t want to adopt crypto for payments. Go to Source Powered by WPeMatico
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the … Read more
Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well. Go to Source Powered by WPeMatico
The government has repeatedly announced that the launch would take off by March 20 but apparently failed to deliver it. Go to Source Powered by WPeMatico
El Salvador made history in September 2021 by becoming the first country to officially recognize Bitcoin as legal tender. Go to Source Powered by WPeMatico
The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many … Read more