1 / 1 Relevant items tagged with #MediumOfExchange

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Financial Times issues ’apology’ to Bitcoiners after 13 years of criticism

[Dec 6 12:14 AM] The apology was wrapped in a “sorry, not sorry” tone as FT Alphaville’s city editor said the firm still stands by “every single one of those posts.”

Bitcoin’s Medium of Exchange Thesis in Perspective: Is It Still Relevant?

[Nov 26 7:30 AM] The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote…

‘Bitcoin in the West Has Sold out, and Now Only the Global South Can Save BTC’ — Ray Youssef

[Jan 1 12:30 AM] According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States’ public enemy number one because its potential widespread adoption by people from the Global South represents the “world’s…

Argentine Foreign Minister: Financial Contracts Can Now Be Denominated in BTC

[Dec 24, 2023 6:30 AM] According to Argentina’s Foreign Minister, financial contracts can now be denominated in bitcoin or any other medium of exchange that the parties to the contract so choose. In addition, debtors will be obligated to “deliver the…

Bitcoin Lightning Network growth jumps 1,200% in 2 years

[Oct 10, 2023 6:32 PM] A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange.

Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value

[Sep 12, 2023 10:00 PM] Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital…

Zimbabwe Central Bank Says Gold-Backed Tokens Set to Be Used for ‘Transactional Purposes’

[Aug 12, 2023 11:30 PM] The Zimbabwean central bank recently said it is close to rolling out gold-backed digital tokens “for transactional purposes.” According to the bank’s governor, the gold-backed digital tokens have already proven to be an effective…

Fiat is in 'jeopardy' but Bitcoin, stablecoins aren't the answer either: Ray Dalio

[Feb 2, 2023 7:20 PM] The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.

Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling

[Dec 27, 2022 1:00 AM] Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world…

South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

[Dec 2, 2022 4:30 AM] According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses…