The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador ” the bank examines several pain points the country encountered while applying its bitcoin strategy, and raises concerns about how some actions have been taken with little transparency.
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At GDC coins
At GDC coins, it is our endeavour to facilitate people in transitioning to a digital economy and in overcoming geographical barriers by leveraging a universally accepted mode of payment or exchange through cryptocurrency.
The biggest draw of using cryptocurrency is its fool-proof security, which is based on the blockchain system, thus rendering it next to impossible to hack.
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Latest News
Here are latest bunch of news.
New Bybit users can get up to $600 in welcome rewards upon completing simple tasks and hitting trading milestones after signing up.
Non-fungible tokens (NFTs) have been extremely popular in recent times as a great number of collections have been dropped and billions of dollars worth of NFTs have been exchanged. Just recently, a collection of NFTs stemming from the Smartbch protocol called “Poolside Puffers” was introduced to the Bitcoin Cash community.
While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains. Furthermore, the total value locked in defi has risen to $195 billion, jumping more than 14% over the last two weeks from $171 billion.
Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019.
According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year.
Switzerland’s Financial Market Supervisory Authority (FINMA) has approved the first Swiss crypto fund.
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated.
The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted a “giant stock market crash” coming in October.
The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.”
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.”
Features
Why you should invest in GDC Coin
Easy to carry
Not a real problem that needs a solution, but you can carry a billion dollars worths of GDC Coin on a memory stick in your pocket. You can't do that with cash or even gold.
Low collapse risk
Regular currencies depend on governments which fail ocassionally. Such events either cause hyperinflation or a complete collapse of a currency, which can wipe out savings of a lifetime in day. GDC Coin is not regulated by any one government. It's a virtual global currency.
Better Security
In a world where so many of our transactions are online, and our savings and credit rating are at stake at all times, anything that provides increased transactional security is a plus. And there is currently no transaction mechanism that is currently more safe and secure than those that use cryptocurrency.
Identity Theft
When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. we use a “push” mechanism that allows the holder to send exactly what he or she wants to the merchant or recipient with no further information
