Regional trends in remittances, stablecoin use, policy shifts, and grassroots crypto adoption.
Brazilian lawmakers took a huge step forward for Bitcoin adoption by approving a framework bill recognizing digital assets as an investment class.
Bitcoin and Ethereum emerge as the second and third most shorted crypto, Genesis asked for a $1 billion loan but got rejected, and much more in this edition of CryptoSlate Wrapped Daily.
El Salvador has spent over $100 million to acquire 2,381 BTC and continues to buy
El Salvador President Nayib Bukele proclaims Bitcoin as the opposite of FTX and likened FTX to a Ponzi scheme in the wake of the exchange's collapse on Nov. 14.
The Development Bank of El Salvador, BANDESAL, turned down anti-corruption agency's request to provide the government's Bitcoin purchase and sale records for the second time.
A recent Chainalysis report noted that crypto adoption in South America had grown by 40% within the last year.
El Salvador is doubling down with revised securities laws that put Bitcoin at the core of the country's international trading strategy.
BitBoy Crypto alleges former SEC director accepted bribes to declare Ethereum a commodity, investors pile on bonds as the interest in crypto fades, and much more in this edition of CryptoSlate Wrapped Daily.
Brazil's Federal Police busted the "Bitcoin Sheikh" for defrauding thousands of people worldwide and laundering $766 million illicit crypto funds.
