Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.
Tag: Virtual Currency
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.
U.S. Accuses North Korea of Cyberattacks, a Sign That Deterrence Is Failing
Through the attacks, a report says, the North steals and launders money, extorts companies and uses digital currencies to gain cash for its nuclear program.
The Coder and the Dictator
Gabriel Jiménez hated the Venezuelan strongman Nicolás Maduro. But he loved cryptocurrency. When he built the regime a digital coin, he nearly paid with his life.
How Libra, Facebook’s Cryptocurrency, Would Work for You
We break down the new cryptocurrency and what the company hopes you will be able to do with it, even though it hasn’t quite arrived.
Cryptocurrency Was Their Way Out of South Korea’s Lowest Rungs. They’re Still Trying.
A generation of the young with dead-end social and economic prospects, calling themselves “dirt spoons,” aimed to strike it rich. They’ve ended up with big losses.
Crypto-Exchange Says It Can’t Pay Investors Because Its C.E.O. Died, and He Had the Passwords
Quadriga CX said that Gerald W. Cotten died while visiting India in December, and he was the sole person able to access $250 million in client holdings. Some investors are skeptical.