IMF recommends El Salvador not to use bitcoin as legal tender

MEXICO CITY: The International Monetary Fund (IMF) said on Monday that El Salvador should not use bitcoin as legal tender given the risks associated with the cryptocurrency. “Given the high price volatility of bitcoin, its use as legal tender poses significant risks to consumer protection, financial integrity and financial stability,” the IMF said in a … Read more

Bitcoin’s Recent Drop Shows Intense Volatility Remains a Hallmark

Bitcoin has lost almost 20% in less than two weeks, proving that extreme volatility remains a hallmark of crypto investing. Yet in the bitcoin world, it is largely bullish convictions in general – unlike traditional markets where moves on this scale are met with alarm. The largest cryptocurrency fell 3.4% to $55,663 on Friday. “This … Read more