“The Bitcoin Standard” by Saifedean Ammous is a compelling exploration of the economic and historical principles underpinning Bitcoin, the world’s first decentralized digital currency.

Ammous takes readers on a journey through the history of money, from ancient to modern times, arguing that Bitcoin represents the most sound form of money ever created.

This book is not just about Bitcoin; it is a broader examination of what makes money valuable and how societies have evolved in their use of different monetary systems.

The Concept of Sound Money

At the heart of Ammous’s argument is the concept of sound money. Sound money refers to a monetary system that is…

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Norway sovereign wealth fund, the world’s largest state pension fund, recently made headlines by significantly increasing its indirect exposure to bitcoin.

This development has sparked discussions about the growing integration of bitcoin into mainstream financial systems, even as experts debate whether this move was a deliberate strategy or an unintended consequence of broader investment practices.

Norway sovereign wealth fund, officially known as the Government Pension Fund of Norway (NBIM), is a financial powerhouse with assets under management totaling approximately $1.7 trillion.

This massive fund was established to reinvest the country’s considerable oil revenues…

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El Salvador is advancing its pioneering status in cryptocurrency by launching a Bitcoin education program for 80,000 government employees. The National Bitcoin Office (ONBTC) has developed an extensive 160-hour training session, segmented into seven modules. This initiative, led by Stacy Herbert, aims to enhance the strategic use of Bitcoin in public administration and reinforce the country’s Bitcoin-driven economic model.

Director Herbert emphasized the educational efforts as foundational to El Salvador’s long-term strategy in integrating Bitcoin into its economy and governance. This push for Bitcoin proficiency among civil servants is expected to amplify the benefits of El Salvador’s crypto policies, setting a robust example of innovative financial management.

Drawing international attention, Argentina has also begun collaborating with El Salvador to emulate its successful Bitcoin adoption strategy. This partnership underscores a growing trend of countries exploring digital currencies to strengthen their economic infrastructure and regulatory frameworks.

Company Name: River

Founders: Alexander Leishman

Date Founded: February 2019

Location of Headquarters: Columbus, OH

Amount of Bitcoin Held in Treasury: Proof of reserves launching soon

Number of Employees: 50

Website: https://river.com/

Public or Private? Private

How do you make a bitcoin-only brokerage profitable? The answer isn’t complicated.

You offer the highest quality services to as many people as possible for a good price.

This is the strategy Alexander Leishman and the team at River employ.

And River’s high-quality services largely hinge on staying true to what Leishman calls “the Bitcoin ethos,” at the core of which is the “not your keys, not your coins” philosophy.

“At River,…

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Nigeria’s leading financial regulator, the Securities and Exchange Commission (SEC), is set to revolutionize the fintech landscape by issuing licenses for cryptocurrency and tokenized asset providers. Director-General Emomotimi Agama emphasized the move as a strategy to leverage growing market opportunities and enhance investor protection. The initiative marks a significant shift towards aligning with global jurisdictions such as the EU and South Africa, which already regulate this vibrant asset class.

Despite previous bans on banks from facilitating crypto transactions and recent government actions against major crypto exchanges, the youth and tech innovators in Nigeria have continued to engage robustly with digital currencies. This resilience is reflected in a 9% increase in crypto transaction volumes over the past year, underscoring the potential of digital finance in the region.

By introducing formal regulations, the SEC aims to harness the full potential of fintech while safeguarding the economy and ensuring transparency. This approach will deter misuse of cryptocurrencies and support the country’s economic growth by tapping into the untapped potential of virtual assets.

Bloomberg