News Snapshot:
The Chief Executive Officer of derivatives trading platform, BitMEX, Alexander Höptner said El Salvador’s decision to adopt Bitcoin as one of its legal tenders is a move that “deserves praise, not derision” from global monetary heavyweights. According to a message from the crypto veteran, the Bitcoin move from El Salvador was born out of the need to try a more working alternative compared to what the current financial ecosystem offers. Höptner said developing countries have taken decades to analyze “how the global financial system works – and doesn’t work – for their populations,” he said, adding that “they acknowledge their...
