Argentina's Minister of Foreign Affairs Affirms Bitcoin Acceptance for Contract Agreements

In a groundbreaking statement, Argentina’s Minister of Foreign Affairs, Diana Mondino, has confirmed the country’s stance on embracing Bitcoin for contractual agreements.

Mondino’s declaration outlined the government’s willingness to accept and formalize contracts denominated in Bitcoin, heralding a pivotal moment for legal recognition of BTC within Argentina. The move demonstrates Argentina’s progressive approach towards integrating Bitcoin in the country.

“And also any other crypto and/or species such as kilos of steer or liters of milk,” Mondino continued. “Art 766. – Obligation of the debtor. The debtor must deliver the corresponding amount of the designated currency, whether the…

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LATEST: Coinbase Secures Key French Registration, Expands Crypto Services in Europe

Coinbase, a major player in cryptocurrency exchange, has achieved a milestone by securing registration with France’s AMF, enabling its expansion in Europe. This virtual asset service provider (VASP)approval empowers Coinbase to offer comprehensive digital asset services in France. The move is significant as the company navigates stricter U.S. regulations. Meanwhile, the European Union streamlines crypto operations with the upcoming MiCA regulation. France’s tech advancements, part of its ambitious “France 2030” plan, reinforce its position as a burgeoning hub in the global crypto landscape.

Gone crypto: From Revolut to Zeal

A major impediment to Web3 mass adoption remains the friction of using a crypto wallet, one that makes the user experience convenient while also keeping assets safe.

Some of the problems are technical — private key management, multiple blockchains, fiat on-ramps — but many shortcomings stem from unintuitive design.

Zeal, a new entrant into the wallet space, aims to tackle both. Developed by an 11-person team of product and engineering pros from Revolut, Spotify and Coinbase, the wallet demonstrates features that should appeal to Web3 newcomers and veterans alike. 

Project lead Hannes Graah (pronounced like “gray”) first became curious about the crypto scene in 2015 while…

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Buterin, Coinbase and more to fund Ethereum decentralization grants

The PBS Foundation is opening applications for an initial $1 million in grants for research and development on Ethereum proposer-builder separation. 

The non-profit’s pilot phase drew support from Coinbase, Consensys, Fenbushi Capital, Flashbots, Paradigm, the Uniswap Foundation and Vitalik Buterin.

Grants will be disbursed by a council. The council includes representatives from Blocknative, Consensys, the Ethereum Foundation and Flashbots, among others. The foundation’s grant lead is Eugene Leventhal from the research group Metagov. 

Read more: For Ethereum rollups, dealing with data remains a bottleneck

First proposed by Ethereum founder Vitalik Buterin,…

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Free As In Freedom Is Not Free As In Beer

Bitcoiners Need The Guillotine

As Scottish economist and philosopher David Hume observed in A Treatise of Human Nature, nothing we know about what is true can tell us what ought to be true and nothing we know about what ought to be true can tell us what is true. The world of objective fact and moral truth are entirely separate. Hume called this the is/ought problem and his argument that descriptive and normative reasoning should be separated is known as Hume’s guillotine.

Hume’s guillotine is a philosophical razor – a rule of thumb for reasoning about the world. It is a way of cutting apart two lines of reasoning that become entangled when they intertwine. An argument where one side…

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Court orders $1B asset freeze for 3AC founders: Liquidator Teneo

A British Virgin Islands court has prohibited the co-founders of insolvent crypto hedge fund Three Arrows Capital (3AC) from moving more than $1 billion worth of assets. 

The order, filed on Monday, bans co-founders Su Zhu and Kyle Davies, as well as Davies’ wife Kelly Chen, from transferring or selling assets amounting to $1.14 billion, 3AC liquidator Teneo said in a statement shared with Blockworks.

Three Arrows Capital filed for bankruptcy in July 2022. Representatives from law firm Latham & Watkins said in a petition at the time: “The debtor’s business has collapsed in the wake of extreme fluctuations in cryptocurrency markets.” 

Read more: 3AC files for bankruptcy as…

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Top 10 Trending Crypto Coins of The Day

  1. dogwifhat: Market Cap of $205 Million.
  2. Injective: Market Cap of $3.3 Billion.
  3. Decimated: Market Cap of $27 Million.
  4. Solana: Market Cap of $36.7 Billion.
  5. Strike: Market Cap of $58 Million.
  6. Bonk: Market Cap of $1.1 Billion.
  7. Sei: Market Cap of $879 Million.
  8. Coq Inu: Market Cap of $178 Million.
  9. NEAR Protocol: Market Cap of $3.3 Billion.
  10. PancakeSwap: Market Cap of $665 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Cryptocurrency Render Falls More Than 4% In 24 hours

Render’s RNDR/USD price has decreased 4.7% over the past 24 hours to $4.29, continuing its downward trend over the past week of -9.0%, moving from $4.71 to its current price.

The chart below compares the price movement and volatility for Render over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 54.0% over the past week along with the circulating supply of the coin, which has fallen 0.1%. This brings the…

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LATEST: El Salvador Leads the Way: Bitcoin Dominates Global Interest

El Salvador remains the leader in global Bitcoin interest, according to recent Google Trends data. The country has strengthened its Bitcoin commitment by launching the Freedom Visa, a unique citizenship-by-donation program using Bitcoin and Tether. Meanwhile, Brazil, climbing to second place, sees its largest bank, Itau Unibanco, introducing Bitcoin and Ether trading, amidst new cryptocurrency taxation laws. Nigeria, now in third place, is pivoting towards stablecoins like USDT, as they offer a secure alternative to the volatile Naira. Despite regulatory challenges, Nigeria’s crypto market continues to grow, marking a significant shift in the global cryptocurrency landscape.

2024 will be the year for stablecoins

Stablecoins have emerged as a pivotal instrument in the dynamic world of crypto, providing (relative) stability in an otherwise volatile market. Real-world use cases powered by Web3 technology evolve around the tokenization of real assets and the easy, permissionless and borderless transfer of assets. Stablecoins take center stage in these transfers and have gained prominence as a store of value and a medium of exchange.  

Looking ahead to 2024, several trends are poised to shape the trajectory of stablecoins.

Demand for stablecoins will increase

In the past two years, the global stablecoins market has grown to over $100 billion in market cap, mostly driven by applications around…

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