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🚀El Salvador Bought The Dip, Did You?
| Wednesday is here, Geckos! Salvadoran President Nayib Bukele claimed that his government had bought the "dip" of approximately 150 BTC as the Bitcoin price flash crashed to $42.9K yesterday.
Shortly after the initial buy-the-dip announcement, Bukele tweeted that Bitcoin's "discount is ending."
He also "thanked" the International Monetary Fund, which has criticised El Salvador's Bitcoin venture, for helping his country in saving "a million in printed paper."
In today's news, SEC threatens to sue Coinbase over crypto lending product, Stephen Curry signs deal to become FTX "Global Ambassador," and Visa plans to provide crypto service in Brazil.
Read on! | | |
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| SEC Threatens to Sue Coinbase According to Coinbase, the Securities and Exchange Commission (SEC) has threatened to prosecute the exchange over its yet-to-be-launched "Lend" product.
Coinbase claimed the SEC issued a "Wells Notice," formal notice of enforcement actions, despite continued conversations with the SEC for almost six months.
In a Twitter thread on Tuesday, CEO Brian Armstrong stated that his firm has complied with all of the regulator's requirements, including submitting subpoenas and testimony from employees. Coindesk | | Curry Becomes FTX Ambassador Steph Curry of the Golden State Warriors has signed a deal to become a "global ambassador" for FTX Trading Limited.
As part of the agreement, Curry will receive a stake in the firm, and FTX will contribute to his Eat.Learn.Play foundation yearly.
As an ambassador, he'll assist the firm to "expand the reach of the FTX brand and tout the viability of cryptocurrency to new audiences around the world." Decrypt | | Visa Continues Its Crypto Mission in South America Eduardo Abreu, vice president of new business at Visa, revealed the firm's plans to incorporate crypto assets, including Bitcoin (BTC), onto its platform in Brazil.
Abreu further expressed his belief that greater crypto adoption would need the integration of traditional banking services for users to interact with both fiat and crypto in the same environment.
However, no precise date for the launch was announced, but it is widely expected to take place in the following months. Cointelegraph |
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