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“# Chilean Peso stablecoin goes live on Stellar Network ” A new stablecoin pegged to the value of the Chilean Peso is now live on the open-source Stellar payments network — but is yet to prove popular with users. Chile-based firm CLPX Inc launched what it describes as the first-ever Chilean Peso pegged stablecoin dubbed…
“#Socialists in denial: Goodwin” For socialists and their fellow travelers everywhere, it’s turning out to be a bummer of a summer. It’s almost bad enough to make you feel sorry for Sen. Bernie Sanders. Almost. Sanders, Rep. Alexandria Ocasio-Cortez and their anti-American ilk are stuck defending economic authoritarianism abroad while its victims are pleading for…
“# Paraguayan lawmakers to present Bitcoin bill on July 14 ” Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country. “I am here to unite Paraguay,” Rejala…
“# UN commission serves new warning against BTC adoption in El Salvador ” The Economic Commission for Latin America and the Caribbean, or ECLAC, a United Nations’ regional commission to encourage economic cooperation, is the latest regulator to raise concerns about El Salvador’s decision to accept Bitcoin (BTC) as legal tender. ECLAC executive secretary Alicia…
“# Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak ” Apple co-founder Steve Wozniak has reportedly reiterated his positive stance on Bitcoin (BTC) despite not being a Bitcoin investor himself. A vocal proponent of Bitcoin who once called it the “only digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle…
“# US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption ” The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its new legal framework. In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland…
“# Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank ” Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest funding rounds in the region’s history. Mercado Bitcoin will use the funds to expand its offerings and invest in new infrastructure to meet…
“# Mexico may not be following El Salvador’s example on Bitcoin… yet ” Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country. In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National…
“# Asset manager QR launches Bitcoin ETF on Brazilian stock exchange ” The Brazil Stock Exchange, or B3, has launched trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country. Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the…
“# An asset for all classes: What to expect from Bitcoin as a legal tender ” For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the…