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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. The law means citizens will be able to pay taxes in Bitcoin, and shops will be able to display prices in the digital currency.

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Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network

TechCrunch

Bitcoin’s Lightning Network is currently used by El Salvador, which recognizes the cryptocurrency as legal tender and major companies and crypto exchanges such as Kraken.

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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 Rodrigo Vicuna is chief financial officer at Prime Trust. Cryptocurrency and blockchain had a breakout year in 2021. billion in trades. Impressive?

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Web3 Executive Claims US Is Following El Salvador’s Strategy

Medium Technology Section

The United States is currently following in El Salvador’s footsteps, according to Michele Crivelli, the founder of NexBridge, a digital… Continue reading on Medium

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Fintech startups lead the layoff wave

TechCrunch

In the case of Better.com, the embattled digital mortgage lender revealed a string of new senior executive hires that quite frankly were mind-boggling. El Salvador–based fintech n1co (read: nee-koh) has raised $12 million at a post–money valuation of $64.8 Image Credits: patpitchaya / Getty Images. Fundings and M&A.

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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

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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.