Crypto News
Metamask Launches Pilot Program for Metamask Card in the United States
The Metamask card allows crypto holders to make everyday purchases with crypto directly from the Metamask wallet. Metamask Card Launches in the U.S. Metamask, one of the popular crypto wallets has announced the kickoff of its limited pilot program for the Metamask card in the U.S. The Metamask card allows crypto users to spend cryptocurrencySource link
Decrypt’s 2024 Project of the Year: Solana Meme Machine Pump.fun
Few projects in crypto’s short history have done more to both capture and shape the culture—for better or worse.Source link
Quid Pro Quo: El Salvador Scores $1.4 Billion IMF Credit by Scaling Back Bitcoin Activities
The International Monetary Fund (IMF) reached an agreement with the government of El Salvador to provide a $1.4 billion credit facility to fund the country’s reform agenda. In exchange, El Salvador agreed to scale back bitcoin’s economic involvement to mitigate risks derived from its implementation. El Salvador to Receive $1.4 Billion Credit From the IMF,Source link
Bitcoin in Bhutan: Charting Its Own Course of Economic Development
As nations explore the implications of digital currencies, Bitcoin is becoming part of national strategies. El Salvador made headlines as the first country to adopt Bitcoin as legal tender, while the United States is considering a national Bitcoin reserve. Even China, despite its cautious stance on cryptocurrency, has embraced blockchain technology to support its digital yuan. Amid these changes, Bhutan stands out — not by following global trends, but by charting its own path.Nestled in the Himalayas between China and India, Bhutan has long defied conventional economic models. Instead of prioritizing Gross Domestic Product (GDP), the country measures success using Gross National Happiness (GNH), focusing on the well-being of its citizens. Under the leadership of King Jigme Khesar Namgyel Wangchuck,...
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
El Salvador is in the process of securing a $3.5 billion deal with the International Monetary Fund, but is making some concessions around bitcoin (BTC) to get the funding.Stacey Herbert, director of the Bitcoin Office in El Salvador, posted on Thursday that the government-issued Chivo wallet — launched in 2021 in a bid to spread bitcoin adoption across the country — will be "sold off or wound down" as part of the deal. Other bitcoin wallets operated by private companies will "continue serving El Salvador," Herbert said.The IMF stated on Wednesday that, under the agreement, El Salvador will also make bitcoin acceptance by the private sector voluntary, and that taxes will only be paid in U.S. dollars (not bitcoin). "For...