Investors have committed a half-billion dollars to El Salvador’s forthcoming bitcoin bond, according to Blockstream Chief Strategy Officer Samson Mow. Mow, who developed the novel bond, told industry news site BeInCrypto that “the bond had received more than $500 million in verbal commitments at the...
A bipartisan group of lawmakers introduced legislation in the U.S. Senate Tuesday (Feb. 15) to diminish risks to the nation’s financial system by El Salvador’s adoption of bitcoin as legal tender. The Accountability for Cryptocurrency in El Salvador (ACES) Act was introduced by Sen. James...
The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the cost of implementing the program at 1% of the country’s gross domestic product (GDP). And that’s not counting the cost...
ACH transactions get a lot of criticism for batching transactions into a few bundles a day, slowing down the time it takes for transactions to be settled, and making it more difficult to enable instant or near-instant payments. That’s one of the reasons real-time payments...
El Salvador is still asking the International Monetary Fund (IMF) for a $1.3 billion loan, and the IMF is still asking El Salvador to drop bitcoin as legal tender. That’s one fairly obvious takeaway from the Tuesday (Jan. 25) statement the IMF released on its...
BitWage, which makes bitcoin payroll services, has debuted a new platform to help people get paid in bitcoin, a report says. The bitcoin payroll services will look and feel different for companies versus for individuals on the new platform. The changes for companies will include...
Bitcoin-accumulating software company MicroStrategy plans to keep investing in the crypto, even as bitcoin’s value has taken some hits in the last few days, according to chief financial officer Phong Le. “Our strategy with bitcoin has been to buy and hold, so to the extent...
According to CNBC, the crypto market has lost $130 billion over the last 24 hours. The selloff comes from investors dumping tech stocks and higher risk assets, especially as investors prepare for tighter monetary policy from the government, including higher interest rates. Bitcoin has gotten...
Bitcoin hit its lowest dollar value since last August as it fell below $37,000 on Friday (Jan. 21), The Wall Street Journal (WSJ) wrote. The selloff didn’t stop here — it was still going below $35,000 as of Saturday. It was back up on Sunday,...