medium of exchange – DIGIT INFO

Financial Times issues ’apology’ to Bitcoiners after 13 years of criticism

DIGIT — Fri, 06 Dec 2024 00:14:57 +0000

The apology was wrapped in a “sorry, not sorry” tone as FT Alphaville’s city editor said the firm still stands by “every single one of those posts.”

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Bitcoin’s Medium of Exchange Thesis in Perspective: Is It Still Relevant?

DIGIT — Tue, 26 Nov 2024 07:30:06 +0000

The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote bitcoin back in the day. But is it still relevant today? Bitcoin as a […]

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Bitcoin Lightning Network growth jumps 1,200% in 2 years

DIGIT — Wed, 11 Oct 2023 00:32:53 +0000

A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.

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Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

DIGIT — Fri, 03 Feb 2023 01:54:58 +0000

The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.

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Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling

DIGIT — Tue, 27 Dec 2022 07:00:35 +0000

Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world tour just to pay them all back.” Akon, however, conceded during an interview that he should “have gotten more […]

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South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

DIGIT — Fri, 02 Dec 2022 10:30:34 +0000

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that conduct transactions where a crypto asset is transferred […]

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Bank of Jamaica Governor: Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’

DIGIT — Sun, 19 Jun 2022 06:00:38 +0000

The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictability means they cannot function as a medium of exchange. Not Stable Enough to Be Good Means of Payment The governor of the Bank of […]

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Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador

DIGIT — Wed, 27 Apr 2022 14:30:38 +0000

According to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made no deposits or withdrawals in a given month. NBER Study: Only 4 out of 10 Salvadorans Use […]

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Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population

DIGIT — Fri, 21 Jan 2022 22:30:19 +0000

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be […]

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BCH House Venezuela Shows Real Cryptocurrency Adoption in First Documentary

DIGIT — Wed, 01 Dec 2021 07:30:23 +0000

BCH House Venezuela, an adoption organization, has published its first documentary on social media, where it shows the way in which Venezuelans are using cryptocurrency as a means of exchange. Roberto García, the founder of this initiative, shows us the level of adoption the BCH House initiative has reached in Barquisimeto — a city in […]

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