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El Salvador's additional purchase of bitcoin comes as a surprise

El Salvador recently went on to purchase additional bitcoins. The country went on to purchase 80 additional bitcoins, according to a tweet from the president Nayib Bukele. He also added that, the total purchases of bitcoin is around 2,381, since EL Salvador went on to make bitcoin as the legal tender of the country.
United States El Salvador Alejandro Zelaya Nayib Bukele Central America Crypto Winter

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Cyptocurrency: Stablecoins Not Stable, Have 'No Role' As Money, Warns Top Banker

As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said. Cyptocurrency: Stablecoins Not Stable, Have ‘No Role’ As Money, Warns Top Banker.
New Delhi Siddharth Tiwari International Settlements South China Morning Post China Warns Bitcoin Is Heading Bank Of International Settlements

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