IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability

Bitcoin (BTC) is increasingly serving as a critical channel for cross-border financial flows amid global financial instability, according to a new report by the International Monetary Fund (IMF). The report — called “A Primer on Bitcoin Cross-Border Flows” — sheds light on how the decentralized nature of Bitcoin is being leveraged to …

This post was published at CryptoSlate

Comments are closed.

Latest Posts

May 1, 2024

Crypto Clampdown: SEC vs Ethereum. DOJ vs. Roger Ver. – BAD NEWS for 5/1/24

This post was published at Bad Media: Bad Crypto, Bad Ai, & The Nifty Show

May 1, 2024

States’ backlash against Binance.US continues with 6th license pulled

Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges....

May 1, 2024

Ronin’s Path From Curated Ethereum Gaming to ‘Pervasively Permissionless’

Ethereum gaming chain Ronin currently curates the games on its network. But it’s starting to eye up a permissionless future....

May 1, 2024

DOJ launches probe into Block’s compliance history following allegations of lapses

Fintech giant Block is under scrutiny by federal prosecutors from the Southern District of New York following allegations of significant...

May 1, 2024

Build on Bitcoin Launches Mainnet With Over 40 Apps

BOB launches its Bitcoin layer-2 Ethereum rollup, with more to come over the next three weeks. This post was published...

May 1, 2024

Bitcoin traders set $50K price target after BTC falls below key support level

Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts. This post was published...

May 1, 2024

Aave proposes upgrade to v4 in strategic 2030 roadmap

Aave Labs has released its strategic roadmap for 2030 that introduces several key initiatives, including the launch of Aave V4,...

May 1, 2024

Bitcoin miner Riot Platforms reports record $211M Q1 net income

Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and...

May 1, 2024

Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem. This post was published at...

May 1, 2024

MicroStrategy Is Building ‘Decentralized ID’ on Bitcoin Using Ordinals-Like Inscriptions

Michael Saylor announced the Orange protocol for decentralized identification, hoping to anchor digital identities in the dominant blockchain. This post...

IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability