CRYPTO

Authored by Dilip Kumar Patairya via CoinTelegraph.com,

What are gold-backed stablecoins, and how do they work?

Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days of cryptocurrency, with developers aiming to create a reliable store of value. 

Each gold-backed stablecoin represents a specific quantity of gold. For instance, one token might (more…)

Authored by Helen Partz via CoinTelegraph.com,

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development.

El Salvador signed a letter of intent to collaborate with Nvidia on “sovereign AI to drive innovation and economic growth,” the National Bitcoin Office (ONBTC) of El Salvador announced on X on April 21.

As part of the collaboration, El (more…)

Via BitcoinMagazine.com,

In yet another milestone for Bitcoin adoption in Latin America, the Panama City Council has voted to approve the acceptance of Bitcoin and other digital currencies for municipal services, making it the first public institution in the country to do so.

The news was announced by Panama City Mayor Mayer Mizrachi on X (formerly Twitter), who stated:

This decision sets Panama City on a more progressive path, enabling residents to interact with their local (more…)