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bitcoin adoption
How Nigeria’s Presidential Election Could Impact Crypto Adoption
Reuters reports that candidate Bola Tinubu is currently in the lead for Nigeria's presidential election, but opposition parties are flagging concerns of fraud. This comes as the New York Times reports that fights have broken out at banks in the past week as the country faces cash shortages. Afropolitan Co-founder Eche Emole discusses the state of economic uncertainty in Nigeria, how the election could impact bitcoin adoption and the use cases of crypto as a tool for financial freedom.

Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months; Future of Bitcoin Adoption
A record 78% of Bitcoin has not been used in transactions in the last six months, and the level is increasing, according to a Morgan Stanley research report. Plus, El Salvador and Lugano have signed a memorandum of understanding (MOU) aimed at boosting local and global bitcoin adoption.

Crypto Retail Payments Thriving in Sub-Saharan Africa: Chainalysis
A new report by blockchain data firm Chainalysis reveals crypto is quietly thriving in Sub-Saharan Africa. Chainalysis Director of Research Kim Grauer discusses the region's state of crypto, breaking down the latest data on adoption and usage trends.

El Salvador Debt Downgraded to CC Rating as President Bukele Seeks Re-Election
El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report. "The Hash" panel discusses the outcome of President Bukele's bitcoin initiatives and the chances for him to be re-elected after his term ends in 2024.

Bitcoin Mining Difficulty Likely to Drop Next Week
“All About Bitcoin’s” Friday panel looks at what’s ahead: bitcoin mining difficulty is expected to drop next week, the World Economic Forum kicks off its annual meeting Sunday with crypto on the agenda, and what to expect from El Salvador as President Nayib Bukele hosted 44 countries to discuss bitcoin.

El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems
El Salvador has been using technology from crypto software firm AlphaPoint to fix a series of problems that has plagued its state-run bitcoin wallet Chivo. AlphaPoint co-founder and CEO Igor Telyatnikov discusses the announcement and its role in El Salvador’s bitcoin adoption.

Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.

Is El Salvador President Nayib Bukele Really the Bitcoin Hero We Need?
New reporting has found strong evidence Salvadoran President Nayib Bukele sought to undermine freedom of speech in the Central American nation, contradicting Bitcoin’s core values.

Dogecoin Surges as Payments Go Live on Tesla Store
Dogecoin (DOGE) payments went live on the Tesla store during Asian hours Friday, with prices seeing an 11% increase shortly afterward. This comes after Tesla CEO Elon Musk said the electric-car maker would accept dogecoin as payment for its merchandise in December. Earlier this year, Tesla started accepting bitcoin.
