El Salvador
Strike Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
Strike, the digital wallet startup behind El Salvador’s bitcoin-based payment system, is phasing out its use of Tether’s USDT stablecoin as a U.S. dollar substitute, CEO Jack Mallers said. “The Hash” team explores the ongoing scandal around Tether and the wider repercussions of El Salvador’s currency law.
Deputy of El Salvador's Opposition Party Sues Country Over Bitcoin Law
One plaintiff says El Salvador's president failed to consider the law's harmful effects.
Strike Is Phasing Out USDT From Bitcoin-Based El Salvador Remittances, CEO Says
“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
El Salvador Doesn't Need a Bitcoin Mandate
The Bukele administration should consider not enforcing, or eliminating, Article 7 of its new law. Let Bitcoin flourish on its own merits.
‘Bitcoin Ambassadors’ Meet With President of El Salvador
Peter McCormack, host of the "What Bitcoin Did" podcast, shares his advice and warnings for the President of El Salvador Nayib Bukele as the country seeks support for its bitcoin adoption.
World Bank Rejects El Salvador’s Request to Help Implement Bitcoin
The World Bank denied El Salvador's request for technical assistance on bitcoin, citing environmental concerns. So will El Salvador get the support it needs in its adoption of bitcoin as legal tender, and which crypto leaders are cheerleading for El Salvador and other potential crypto nation-states?
World Bank Denies El Salvador's Request for Technical Assistance on Bitcoin
The financial institution cited environmental concerns.
Fed Holds Rates at Near Zero, Projects Two Possible Rate Hikes by Late 2023
CoinDesk’s Galen Moore reacts to the Federal Reserve, suggesting a faster time frame for interest rate hikes as inflation rises. Plus, his thoughts on Steve Hanke stating El Salvador’s decision to adopt bitcoin as legal tender could collapse its economy.