- Michael Peterson, the founder of Bitcoin Beach, the circular Bitcoin economy that inspired El Salvador President Nayib Bukele to adopt bitcoin nationally, told Bitcoin Magazine that this is “all about perspective.”
- “Most negative stories claim [Bitcoin payments adoption] is about 20% and paint that as failure. If a country outside of El Salvador had even 5% of businesses accepting BTC, we would be thrilled,” he said.
- “I think the level of adoption as a medium of exchange is pretty extraordinary. As the saying goes, people overestimate what can be accomplished in a year and underestimate what can be accomplished in 10 years. I think 10 years from now it will be hard to find anyone who remembers being a critic,” he added.
Alexey Pertsev, a Tornado Cash developer arrested in August by Dutch authorities over allegations of facilitating money laundering, is to stay in jail for at least another two months after his appeal was rejected.
We are supporting USDC with an eye on a number of use cases that make it easy for developers to build on top of Block’s tbDEX protocol and its Web5 decentralized identity platform.
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