CRYPTO

Authored by Vivek Sen via BitcoinMagazine.com,

Stablecoin issuer Tether has significantly expanded its Bitcoin holdings, acquiring 8,888 BTC worth around $600 million.

This latest purchase was revealed through on-chain data rather than an official announcement.

Tether has not publicly disclosed its Bitcoin addresses. However, transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an undisclosed Tether wallet.

The (more…)

Submitted by Omid Malekan

I want to talk about North Korea, but first we need to revisit El Salvador.

The Central American country’s decision to buy Bitcoin is looking good, despite almost universal skepticism from The Establishment when it was announced. Some of that skepticism ultimately proved accurate — legal tender status didn’t lead to mass adoption or cheaper remittances. But these motivations might have been red herrings all along.

President Bukele may have just (more…)

Authored by Omid Malekan, Co-Authored with Ulrich Bindseil, Director General of the European Central Bank

Cryptocurrencies like Bitcoin have always been polarizing, even within the world of economics and finance. This divisiveness, which often pits the crypto faithful against skeptical experts from traditional finance, is unfortunate. Both sides can learn a great deal from each other.

One of us is a Director General at the European Central Bank with a focus on payment (more…)