It brought El Salvador’s president, Nayib Bukele, the adulation of the tech community, but reduced scarce funds and moved the nation closer to default.
Tag: Virtual Currency
South Korea Arrests 2 Accused of Spying for North Korea
The men were paid in cryptocurrency by a man suspected of being a North Korean spy agent, the South Korean national police agency said.
Ukrainian Minister Has Turned Digital Tools Into Modern Weapons of War
Mykhailo Fedorov, Ukraine’s youngest minister, has turned technology, cryptocurrency and social media into modern weapons of war.
Companies Linked to Russian Ransomware Hide in Plain Sight
Cybersecurity experts tracing money paid by American businesses to Russian ransomware gangs found it led to one of Moscow’s most prestigious addresses.
Squid Cryptocurrency Crashes, and Investors Lose Money
The digital money, called Squid, began trading last week for a penny. It soared spectacularly, before the money vanished.
El Salvador’s Bitcoin Adoption Is Marred by Glitches
Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.
El Salvador Becomes First Nation to Make Bitcoin Legal Tender
The digital currency can be used in any transaction and most businesses will have to accept payment in Bitcoin. The U.S. dollar will continue to be El Salvador’s main currency.
Your Monday Briefing
Deaths surpass 200 in Israel-Gaza crisis.
Your Monday Briefing
Deaths surpass 200 in Israel-Gaza crisis.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.