The Swedish Central Bank argues that cryptocurrencies lack sufficient stability to function as a store of value, medium of exchange or unit of account. Following the many monetary authorities who have been dismissing bitcoin’s potential as cash, the Riksbank, the Central Bank of Sweden, explained
The International Monetary Fund (IMF) criticized the Central African Republic’s decision to adopt bitcoin as its official currency, as El Salvador did. The IMF insists that adoption poses legal economic challenges not just for the country but also for the region. The IMF said the
The Central Bank of Argentina banned this Thursday night (5) the offer of crypto-assets, including Bitcoin, by financial institutions in the country. The Argentine BC published a statement entitled “BCRA discourages the offer of crypto-assets by the financial system”, but the body of the text
Traditional banks are hiring services that allow you to track your bitcoins and investing in on-chain analytics technology. There is a very fine line between the benefits and harms of the ease of tracking your bitcoins through technologies that use on-chain analytics to monitor the
The country of Xi Jinping has long been waging a bloody war against Bitcoin and other cryptocurrencies. Until 2020, however, the bloodshed was solely of the Chinese government, which failed miserably in all attempts to ban bitcoin in the country. From legal operations against users,
Even with Bitcoin dropping close to $39,000, three-quarters of BTC addresses are still in profit. The current bear market is not as severe as the worst phases of all previous cycles. Long-term Bitcoin holders are the least likely to suffer a loss. Bitcoin price is
Strike has partnered with Shopify, Blackhawk Network and NCR to increase acceptance of bitcoin as a payment method at most merchants in the United States. Jack Mallers, the CEO of Strike, announced this Thursday (7) that he has closed partnerships with the largest payment processors
The IMF has warned that financial sanctions on Russia threaten to undermine the US dollar’s dominance and favor the establishment of new monetary standards, such as the adoption of Bitcoin. “Financial sanctions imposed on Russia for its invasion of Ukraine could result in the reduction
Jamie Dimon, CEO of investment bank giant JPMorgan, praised blockchain technology and Decentralized Finance (or DeFi, for short) in a letter sent to shareholders on Monday (4). “Decentralized finance and blockchain are real, new technologies that can be implemented both publicly and privately, licensed or
The Argentine peso is facing 50% annual inflation, which basically means that every year a citizen can lose half of their purchasing power if they keep their savings in the state currency. But it is not just to protect themselves from inflation that Argentines are