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Scripps News

Plunging Bitcoin value causes fallout in El Salvador

Scripps News ·
Scripps News
Scripps News

As Bitcoin becomes more adopted at an institutional level, major fluctuations in price will have a much larger consequence around the globe than they might have before. This has already happened in El Salvador this year. As President Bukele presses on with his unpopular mission to rely more on the digital currency, the threat of defaulting looms closer.

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Bankman-Fried Guilty

Former FTX co-founder Sam Bankman-Fried has been found guilty of defrauding investors and customers.