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IMF urges El Salvador to strip Bitcoin legal tender status citing obstacle to get loan from the institution

The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s […]

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Business

Coinbase gets valued at $68 billion ahead of stock market listing

United States’ largest cryptocurrency exchange company, Coinbase Global on Wednesday said that recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. The striking valuation underscores how the perceived value of Coinbase has rallied in lockstep with the surge in the price of Bitcoin. […]