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El Salvador becomes first country to adopt Bitcoin as an official currency

The Verge

As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. But there are fears that the adoption of such a historically volatile currency could harm Salvadorans, and risk economic stability.

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2022 crypto predictions from Prime Trust CFO Rodrigo Vicuna

TechCrunch

ust look at the numbers: 80 million unique crypto wallets; Bitcoin and Ether grew 60% and 407%, respectively; El Salvador adopted bitcoin as official currency; the NFT market generated $2.5 Have we reached a point where crypto and blockchain reach mass adoption? Cryptocurrency and blockchain had a breakout year in 2021.

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MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

TechCrunch

Other VCs in the round include TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures and Infinite Capital and DAO Jones (investment DAO backed by Mike Shinoda, Steve Aoki and Disclosure), while about 100 other crypto investors participated too. “We With the right resources, this region has potential for mass adoption of cryptocurrency.

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Bitcoin’s bid to become the “one chain to rule them all”

TechCrunch

Bitcoin has integrated with a layer-two protocol called the Lightning Network to increase its speed and efficiency while lowering transaction costs, a piece of infrastructure used by the nation of El Salvador and major crypto exchanges such as Kraken. More than just an asset.

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An Entire Country Switched Over to Bitcoin and It's Turned Into a Disaster

Futurism

That country is El Salvador, home to the native Pipil people of Cuscatln, ancient mangrove forests, and for four wild years, the crypto industry. Plans were hastily cobbled together for BitGo to become the official digital banking infrastructure for El Salvador's 6.3 million residents.

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Bitcoin 2025 predictions: Will BTC go to the moon?

Mashable Tech

. - Hal Finney For years, Bitcoin was almost a joke, with proponents seemingly waiting forever for it to become the peer-to-peer digital cash that Nakamoto envisioned. Some nation-states, such as El Salvador , have even opted in. Bitcoin is no different: Things could go wrong, and they sometimes do. investment companies.

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