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Author: Victor Bastos

  -  Articles posted by Victor Bastos

On June 9th El Salvador passed an unprecedented bill, where 62 out of 84 congressional voters decided to make Bitcoin the country’s legal tender. It’s the first case in history of Bitcoin being used as a territory’s official currency, a feat that will bring long-lasting ramifications.  In this article, we cover the different definitions of legal tender, how it benefits El Salvador, the local/worldwide

The crypto market has witnessed unprecedented growth in adoption and technology since 2008, especially with the recent emergence of DeFi protocols launching the ecosystem onto a new level of practical, decentralised applications. However, no branch of digital currency is set to have a larger impact on our social routines than Central Bank Digital Currencies. Over the past couple of years, nations continue to

Tesla’s founder Elon Musk announced on Thursday (AEST) that the company will no longer accept bitcoin as a form of payment due to environmental concerns from the crypto mining’s energy consumption. However, in the official statement presented by Musk’s Twitter account, the CEO addressed that Tesla will not be selling its current holdings of bitcoin valued at approximately $2.5 billion. The company intends

Bitcoin, both the network and the cryptocurrency, have been in circulation for the past twelve years and have grown to unprecedented levels over the past decade. What most enthusiasts don’t know is how the trillion-dollar asset was first introduced to the world; through a pdf document.  Published on October 31st of 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System” was created as a solution against

Cryptocurrencies such as bitcoin have evolved dramatically over the past decade, both in technology and overall adoption. New opportunities to trade, store and utilise assets have taken the market to unforeseen levels of utility and popularity. Yet, regardless of how far the market develops, one feature of the biggest cryptocurrencies will remain the most relevant one; being decentralised peer-to-peer assets. In this article, we

Over the past few months, the cryptocurrency market has witnessed the rise of NFTs - or non-fungible tokens - across the financial ecosystem. Artists, celebrities, companies, amongst others are issuing thousands of these tokens across blockchain networks, some being sold for up to 69 million dollars. Auctions with such high-level bids and applicability concerns have left many wondering if NFTs are simply an empty

The days of physical currencies seem to be numbered, particularly in light of covid, as economies are going cashless. While digital finance grows in worldwide adoption, central banks have been pushing the envelope towards frameworks that eliminate the use of cash and replace it with fully-digital banking and centralised digital currencies.   Will there be a point when we migrate to a fully-cashless economy? If

On February 10th, MasterCard announced that it would allow its cardholders to execute transactions on their platforms through digital currencies, which will be available sometime in 2021. Visa is going through a similar path, revealing a roadmap on February 3rd to integrate the assets into their payment system. Such announcements from two of the main global payment providers present a substantial development in

Image source: BlockchainNews In November of 2020, it was reported that payments company Circle has been working with the United States government to develop a reliable method to provide foreign aid to Venezuela in a way that bypasses the Nicolás Maduro government and directly supports the country’s population. Their chosen method? Through stablecoins.  In this article, we cover the American logistics of using stablecoins for

The 2020 presidential run was certainly one for the history books. Surrounded by the rising threat of a global pandemic, economic meltdown and election fraud accusations, the past year was a callous one to handle in the world of politics. Yet, regardless of political positions and the openly disputed authenticity of results, the next four years have begun; Joe Biden has been sworn