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El Salvador Approves Digital Assets Issuance Law


The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for...

Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?


Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of...

Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes


The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto...

President of Brazil Sanctions Cryptocurrency Law


President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties...

Activision Blizzard President Leaves To Take Over Bored Ape Yacht Club


Activision Blizzard president and Chief Operating Officer Daniel Alegre is leaving the company to become CEO of blockchain company Yuga Labs, which owns famous ugly NFTs like Bored Ape and CryptoPunks. Alegre, who was named in a February lawsuit alleging Activision Blizzard misled the SEC about...

Brazil Could Launch Its Defi-Integrated Digital Real in 2024


Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with...

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