“DeFi is not decentralized at all,” says former Blockstream executive
Samson Mow, former chief strategy officer at Blockstream, is convinced that DeFi protocols can’t compete with Bitcoin as monetary networks due to their lack of decentralization.
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El Salvador’s Bitcoin Adoption Is Yet to Capture the Local’s Interest (Study)
According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that…
Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador
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…
Latam Is a Hotbed of Opportunities for Crypto Companies, According to Ripple
Ripple, the cryptocurrency and payments company, has issued an article examining the opportunities that Latam brings for crypto companies as its regulated payments rails come to crypto. While the region…
Bitcoin is Superior to All Other Payment Networks: Strike CEO
The CEO of the digital payments platform Strike – Jack Mallers – argued that employing bitcoin as a payment network is “superior” to card or bank processing systems. Additionally, the…
Bitfinex and Tether Donate 25 BTC to Aid El Salvadoran Families Hit by Gang Violence
Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by…
Bitfinex and Tether Launch Public Fund to Support Salvadoran Families Affected by Gang Violence
Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence.…
The Rise of Bitcoin in El Salvador Portends a New US Foreign Policy Toolkit (Op-Ed)
US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption…
60 Minutes feature on El Salvador’s Bitcoin Beach will air Sunday
Sharyn Alfonsi, a journalist and 60 Minutes correspondent, interviewed Mike Peterson, one of the people who funded the Bitcoin Beach project and encouraged crypto adoption.
Two More Regions to Adopt Bitcoin as Legal Tender: Report
The autonomous region of Portugal – Madeira – and Prospera – a jurisdiction on Honduras’ Roatán island – will reportedly adopt bitcoin as an official payment method inside their borders.…
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