Economist Saifedean Ammous has been appointed as an economic advisor to El Salvador’s National Bitcoin Office, as the country continues its efforts to embrace cryptocurrency. Despite innovations like Bitcoin bonds, adoption rates remain slow, indicating a need for further education and infrastructure.
Search Results for: Saifedean Ammous
Bitcoin-On-Wheels: An Unusual Journey Across Europe Unraveling Crypto Acceptance
“Ariel Aguilar’s Bitcoin-themed van journey across Europe, known as ‘La Bitcoineta’, reveals the rift between acceptance and scepticism around Bitcoin. The varied reactions, from applauds in Switzerland to disinterest in Spain and Portugal, underscore the region-dependent acceptance levels of cryptocurrencies.”
El Salvador’s Bitcoin Adoption: Risk Report Stirring Debate on Economic Relations and Security
US Senators Jim Risch and Bob Menendez reintroduced the ACES Act, requesting a State Department report on El Salvador’s Bitcoin adoption, analyzing potential risks for cybersecurity, economic stability, and democratic governance. El Salvador became the first country to recognize Bitcoin as legal tender in 2021.
Ethereum Rivals Visa, Tether Hits Highs, and Global Crypto Trends: A Weekly Roundup
This week, Ethereum’s transaction volume rivaled Visa, Tether’s market cap hit a record high, and an Ethereum ICO wallet resurfaced with $15 million. Binance dominated headlines with trading discounts and privacy coin delisting news, while CBDC discussions, crypto regulations, and global partnerships shaped the future of the industry.
Tether Integration in Private Banks: New Era, Partnerships, and Global Adoption Challenges
The integration of Tether payment rails by Xapo Private Bank marks a new era, providing an alternative to SWIFT rails and showcasing stablecoins’ prominence in the financial sector. Blockchain adoption is recommended for India’s banks, while Binance explores partnerships with traditional financial institutions, and Layer 1 blockchain XDC Network partners with SBI VC Trade Co. Ltd.