El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s Bitcoin reserves diminished by 50% and lost more than $50 million with the recent Bitcoin price fall. Despite their gravity, El Salvador’s Finance Minister Alejandro Zelaya said the losses pose a minimal fiscal risk. El Salvador bought over 2,300…

CAR’s president remains unfazed by the crypto market downturn

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Central African Republic (CAR) president Faustin-Archange Touadéra has, in a tweet, suggested that he remains unfazed by the crypto market downturn. Understanding #Bitcoin is crucial to acknowledge its disruptive power to bring long term prosperity. Mathematics don’t account for human emotions.Future…

El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s Finance Minister Alejandro Zelaya played down the impact of Bitcoin crashing on the country’s financial health, Reuters reported. The price of Bitcoin has been down 56% since El Salvador made it legal tender. Bitcoin tumbles to 18-month low Trouble…

New US bill looks to incorporate crypto into the traditional financial system

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Senators Cynthia Lummis and Kirsten Gillibrand are ready to present a draft bill on crypto regulations to the U.S. senate.  According to a report from Politico, this is a first-of-its-kind bill aimed at totally incorporating digital assets into the U.S. financial…

This U.S. Senate candidate wants to make Dogecoin legal tender in California

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Timothy Ursich, a candidate for the US Senate, has revealed that he wants to make Dogecoin a legal tender in California.  Ursich explained that he intends to provide full and adequate support to the crypto industry by advocating for the mass…

New US bill to block Google and Apple from hosting apps that accept eCNY

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The U.S. is looking to bar Google and Apple from supporting applications that allow payments in China’s digital yuan (eCNY). Republican Senators Tom Cotton, Marco Rubio, and Mike Braun sponsored a bill that seeks to prohibit companies that operate app stores…

US Federal Reserve Vice Chair sees need for a digital dollar

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lael Brainard, Vice-Chair of the Federal Reserve, believes a U.S. central bank digital currency (CBDC) could help maintain the financial system stability and prepare the country for the future. Her comments are part of a testimony released ahead of her appearance…

Turkey drafts new bills to increase regulatory oversight of crypto

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Turkey is drafting new crypto laws that would introduce more regulatory oversight in the crypto market and possibly impose some transactions involving digital assets – as discussed by two officials on the matter. The officials requested to stay anonymous, seeing as…

Portuguese Parliament blocks bill to tax crypto

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Portuguese policymakers recently submitted a bill to tax cryptocurrency, threatening to derail the country’s thriving crypto community. However, lawmakers blocked the legislation on Wednesday when presented before Parliament. Portuguese news site ECO released the full video of the parliamentary session in…