Two members of Congress introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act to lower potential risks to the U.S. that could arise from El Salvador’s adoption of bitcoin as legal tender. Rep. Norma J. Torres, D-Calif., chair of the Central America Caucus, and...
You can buy a bottle of wine, a movie ticket, a laptop, a cruise with bitcoin. Now, you can buy a small piece of a parking garage, a warehouse or a cold storage facility — properties that broadly fall into the supply chain logistics category...
The growth of new bitcoin ATMs that let people buy and sell cryptocurrencies slowed in the first two months of the year, with just 1,817 installed, compared with 2,435 in the same period last year. That’s despite news like bitcoin ATM operator LibertyX’s acquisition by...
It’s hard to argue that the case for bitcoin as a store of value that, like gold, provides a hedge against inflation has been badly battered in recent months. Having plummeted as much as 50% in the past three months, the price of bitcoin has...
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...
