Stephany Henshall qelg
Open Trade
XRP Holder
Frequent Trader
2 Years
34 Following
32 Followers
133 Liked
4 Shared
All
Quotes
See original
For its part, Pipe Network assured on December 16 that the attack on the network is still ongoing.
At the time of this article, metrics such as block processing (four seconds) or transactions per second (TPS) demonstrate a usual volume in Solana (3,000 to 4,000 TPS).
Also, the current health status of the network is at 98%, indicating that the network is operating very close to its optimal conditions.
In summary, these metrics indicate that if Solana were indeed under a DDoS attack at this moment, as suggested by Pipe Network, the network would be resisting without altering its proper functioning.
Advertising
Finally, the Sui network was also attacked via a DDoS. Unlike Solana, Sui experienced delays in block production and periods of degraded performance, according to Solana Floor.
This implies that the network had difficulties processing transactions normally during the attack.
At the time of this article, metrics such as block processing (four seconds) or transactions per second (TPS) demonstrate a usual volume in Solana (3,000 to 4,000 TPS).
Also, the current health status of the network is at 98%, indicating that the network is operating very close to its optimal conditions.
In summary, these metrics indicate that if Solana were indeed under a DDoS attack at this moment, as suggested by Pipe Network, the network would be resisting without altering its proper functioning.
Advertising
Finally, the Sui network was also attacked via a DDoS. Unlike Solana, Sui experienced delays in block production and periods of degraded performance, according to Solana Floor.
This implies that the network had difficulties processing transactions normally during the attack.
See original
The timing of the DDoS attack on Solana is unclear
Sources from the Solana ecosystem disagree on when the DDoS occurred.
According to Solana Floor, a site specializing in analysis of the Solana ecosystem, and the CEO of the company Helius Labs, known on X as “mert”, the offensive took place "last week", although they did not specify the dates.
Network measurements did not show visible operational impacts, according to Solana Floor.
For example, the chain maintained transaction confirmations below one second and stable slot latency (the time it takes the network to produce new blocks), a key indicator to assess its operational continuity.
Sources from the Solana ecosystem disagree on when the DDoS occurred.
According to Solana Floor, a site specializing in analysis of the Solana ecosystem, and the CEO of the company Helius Labs, known on X as “mert”, the offensive took place "last week", although they did not specify the dates.
Network measurements did not show visible operational impacts, according to Solana Floor.
For example, the chain maintained transaction confirmations below one second and stable slot latency (the time it takes the network to produce new blocks), a key indicator to assess its operational continuity.
See original
The attack on Solana marked "a peak close to 6 Tbps" (terabits per second). This peak indicates that the volume of malicious traffic reached almost six terabits of data per second.
A chart with data from recorded DDoS attacks.
The largest attacks in DDoS history. Source: Pipe Network / X.
To put it in perspective, a terabit equals one trillion bits transmitted every second. Practically speaking, this is an amount of information sufficient to saturate the infrastructure of most traditional internet services.
A traffic volume of that level usually translates into service interruptions or severe performance degradations in distributed systems.
The data from Solana reflects that it correctly withstood the attack.
A chart with data from recorded DDoS attacks.
The largest attacks in DDoS history. Source: Pipe Network / X.
To put it in perspective, a terabit equals one trillion bits transmitted every second. Practically speaking, this is an amount of information sufficient to saturate the infrastructure of most traditional internet services.
A traffic volume of that level usually translates into service interruptions or severe performance degradations in distributed systems.
The data from Solana reflects that it correctly withstood the attack.
See original
solona viveel cuanto A DDoS attack seeks to affect the capacity to process information of digital systems.
The episode also affected the Sui network.
Solana suffers the fourth largest distributed denial-of-service (DDoS) attack recorded in history, according to the Pipe Network team, a decentralized content delivery network built on Solana. The episode also reached the Sui chain.
A DDoS typically affects digital infrastructures such as servers, telecommunications networks, and online services, by limiting their ability to process legitimate requests. The goal is to exhaust available resources and hinder or prevent their normal operation.
The episode also affected the Sui network.
Solana suffers the fourth largest distributed denial-of-service (DDoS) attack recorded in history, according to the Pipe Network team, a decentralized content delivery network built on Solana. The episode also reached the Sui chain.
A DDoS typically affects digital infrastructures such as servers, telecommunications networks, and online services, by limiting their ability to process legitimate requests. The goal is to exhaust available resources and hinder or prevent their normal operation.
See original
The U.S. Securities and Exchange Commission (SEC) published a new bulletin aimed at guiding retail investors on how to hold and custody bitcoin (BTC) and cryptocurrencies. The document was prepared by the Office of Education and Assistance for Investors and is purely informational.
As the agency clarifies, the bulletin does not constitute a rule, regulation, or an official statement from the SEC. It has neither been approved nor rejected by the commission. Therefore, it has no legal effects and does not modify the current legislation.
Advertising
However, the text explains what is meant by the custody of digital assets and details the operation of third-party custody wallets and self-custody. Additionally, the SEC reminds that the loss of a private key means the definitive loss of access to the assets.
As the agency clarifies, the bulletin does not constitute a rule, regulation, or an official statement from the SEC. It has neither been approved nor rejected by the commission. Therefore, it has no legal effects and does not modify the current legislation.
Advertising
However, the text explains what is meant by the custody of digital assets and details the operation of third-party custody wallets and self-custody. Additionally, the SEC reminds that the loss of a private key means the definitive loss of access to the assets.
See original
The bulletin is not a rule, regulation, or statement from the Securities and Exchange Commission.
The document provides "advice and questions" to help better manage cryptocurrencies.
The United States Securities and Exchange Commission (SEC) published a new bulletin aimed at guiding retail investors on how to own and custody bitcoin (BTC) and cryptocurrencies. The document was prepared by the Office of Investor Education and Assistance and is purely informational in nature.
As the agency itself clarifies, the bulletin does not constitute a rule, regulation, or official statement from the SEC. It has neither been approved nor rejected by the commission. Therefore, it has no legal effects and does not modify existing legislation.
The document provides "advice and questions" to help better manage cryptocurrencies.
The United States Securities and Exchange Commission (SEC) published a new bulletin aimed at guiding retail investors on how to own and custody bitcoin (BTC) and cryptocurrencies. The document was prepared by the Office of Investor Education and Assistance and is purely informational in nature.
As the agency itself clarifies, the bulletin does not constitute a rule, regulation, or official statement from the SEC. It has neither been approved nor rejected by the commission. Therefore, it has no legal effects and does not modify existing legislation.
See original
The SEC publishes a basic guide on how to custody cryptocurrencies
The Office of Education and Assistance for Investors issued a bulletin to teach retailers how to hold
The Office of Education and Assistance for Investors issued a bulletin to teach retailers how to hold
See original
They release 2,000 bitcoin by sacrificing two rare coins after 13 years part II The dilemma of owning and redeeming these pieces became evident in June 2025, as reported by CriptoNoticias. It was then that the collector John Galt broke the seal of a 100 bitcoin bar. Galt explained on Reddit that it was quite difficult for him to maintain an asset valued at over 1 million dollars, until he finally sold them for an amount exceeding USD 10 million.
His experience exemplifies the psychological pressure faced by pioneering hodlers. To date, more than 10,000 coins have been redeemed, but about 18,000 remain intact, collectively hoarding hundreds of millions of dollars, according to data from the Casascius tracker. For their owners, keeping them sealed is a test of endurance over saving in BTC, as redemption always carries the risk of regret if the price of Bitcoin continues to climb.
His experience exemplifies the psychological pressure faced by pioneering hodlers. To date, more than 10,000 coins have been redeemed, but about 18,000 remain intact, collectively hoarding hundreds of millions of dollars, according to data from the Casascius tracker. For their owners, keeping them sealed is a test of endurance over saving in BTC, as redemption always carries the risk of regret if the price of Bitcoin continues to climb.
See original
They release 2,000 bitcoins by sacrificing two rare coins after 13 years
Two physical bitcoin coins that had been dormant for over a decade awaken and release 179 million dollars in a single click. Each coin was worth less than 12,000 dollars in 2011-2012 and now moves 1,000 BTC each.
Only 6 coins of 1,000 BTC existed worldwide.
The owner of two rare Casascius coins released 2,000 inactive bitcoins. These physical collectible pieces moved funds currently valued at 179 million dollars. The owner bought them when the pioneering digital currency cost less than 12 dollars. Now, they are worth millions.
Casascius coins are physical collectible pieces created between 2011 and 2013 by Mike Caldwell in the United States. Each one contains a hidden bitcoin private key under an unbreakable hologram; as long as the seal is intact, the bitcoins remain stationary and the coin is worth its digital content plus its rarity as an object. By scraping the hologram, the BTC are revealed, transferred, and the piece becomes simple empty metal. That is why they are known as "bitcoins in the form of real coins". The Casascius coins consumed on December 5, 2025, safeguarded 1,000 bitcoins each. This is one of the scarcest variants: only 6 coins of this specific design were minted. If we add the 16 gold bars of equal denomination, there are only 22 pieces of 1,000 BTC among the nearly 28,000 physical items in the Casascius collection.
Caldwell stopped selling his pieces in November 2013 due to rules from the Financial Crimes Enforcement Network (FinCEN). That agency viewed his work as unlicensed money transmission, forcing him to close the business and turning the existing pieces into instant relics of an irreplaceable era, as they were created during the early history of bitcoin.
Two physical bitcoin coins that had been dormant for over a decade awaken and release 179 million dollars in a single click. Each coin was worth less than 12,000 dollars in 2011-2012 and now moves 1,000 BTC each.
Only 6 coins of 1,000 BTC existed worldwide.
The owner of two rare Casascius coins released 2,000 inactive bitcoins. These physical collectible pieces moved funds currently valued at 179 million dollars. The owner bought them when the pioneering digital currency cost less than 12 dollars. Now, they are worth millions.
Casascius coins are physical collectible pieces created between 2011 and 2013 by Mike Caldwell in the United States. Each one contains a hidden bitcoin private key under an unbreakable hologram; as long as the seal is intact, the bitcoins remain stationary and the coin is worth its digital content plus its rarity as an object. By scraping the hologram, the BTC are revealed, transferred, and the piece becomes simple empty metal. That is why they are known as "bitcoins in the form of real coins". The Casascius coins consumed on December 5, 2025, safeguarded 1,000 bitcoins each. This is one of the scarcest variants: only 6 coins of this specific design were minted. If we add the 16 gold bars of equal denomination, there are only 22 pieces of 1,000 BTC among the nearly 28,000 physical items in the Casascius collection.
Caldwell stopped selling his pieces in November 2013 due to rules from the Financial Crimes Enforcement Network (FinCEN). That agency viewed his work as unlicensed money transmission, forcing him to close the business and turning the existing pieces into instant relics of an irreplaceable era, as they were created during the early history of bitcoin.
No Title
#BTCBreaksATH Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
Bitcoin Breaks Into New Price Territory: What Happens Next?
Bitcoin has broken out. Can it maintain its bullish momentum? Let's take a look at the charts.
By Jose Antonio Lanz
6 min read
Jul 10, 2025
Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
The convergence of technical breakouts and institutional accumulation has traders wondering what comes next as Bitcoin has seemingly now crossed the final hurdle on its path into uncharted territory.
Bitcoin charts: Double breakout targets final resistance
Bitcoin's surge to $113K marks new all-time high territory and is a decisive technical breakout from two constraining patterns that have capped price action for weeks.
The 4-hour chart reveals a clean break above a symmetrical triangle formation, while the daily timeframe shows less bullish momentum with smaller movements.
This is expected in this kind of pattern, but such a long candlestick leaves little room for doubt. The breakout confirmation is clear—enough to turn almost all the key indicators to bullish in intraday timeframnes.
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
Bitcoin Breaks Into New Price Territory: What Happens Next?
Bitcoin has broken out. Can it maintain its bullish momentum? Let's take a look at the charts.
By Jose Antonio Lanz
6 min read
Jul 10, 2025
Bitcoin, the crypto market's flagship asset, is painting a compelling breakout story, decisively conquering two major trading barriers that were standing in the way of a short-term bull run. And with BTC once again breaking price records and firmly above the $112,000 resistance level, what should traders expect next?
First, some context: With the S&P 500 and Nasdaq Composite closing at record highs for the third time in four sessions and gold futures trading at $3,370 an ounce, risk assets across the board are catching a bid as the Federal Reserve maintains its patient stance on monetary policy.
Bitcoin's momentum also coincides with blowout U.S. jobs data, with non-farm payrolls growing 147,000 in June versus forecasts of 110,000. While strong employment data initially sent Bitcoin below $109,000 on rate hike fears, the market quickly absorbed the selling and pushed to new local highs.
Institutional adoption continues as the primary narrative driver. July has already seen Bitcoin ETFs pushing cumulative flows to over $50 billion. This persistent institutional bid provides crucial support during any pullbacks and validates Bitcoin's evolution from speculative asset to portfolio allocation.
The convergence of technical breakouts and institutional accumulation has traders wondering what comes next as Bitcoin has seemingly now crossed the final hurdle on its path into uncharted territory.
Bitcoin charts: Double breakout targets final resistance
Bitcoin's surge to $113K marks new all-time high territory and is a decisive technical breakout from two constraining patterns that have capped price action for weeks.
The 4-hour chart reveals a clean break above a symmetrical triangle formation, while the daily timeframe shows less bullish momentum with smaller movements.
This is expected in this kind of pattern, but such a long candlestick leaves little room for doubt. The breakout confirmation is clear—enough to turn almost all the key indicators to bullish in intraday timeframnes.
See original
Thus, Latin America is slowly configuring itself as a bitcoiner region, with El Salvador, Venezuela, Argentina, and now Bolivia at the forefront. Moving forward, if they make the right decisions and advance towards an integration of Bitcoin into the economy, in the future we will see how the standard of living in these countries takes a 180-degree turn, flourishing from the abyss.
See original
Nothing has been said yet about including Bitcoin in the national treasury, but the immediate rescue of the country's international reserves has been prioritized.
Cryptocurrencies have already won in Bolivia
In Bolivia, there is no turning back: Bitcoin and cryptocurrencies have come to stay. It is common in Latin America for the trauma caused by failed institutions to open people's eyes to the weaknesses of centralized money management. It is precisely for this reason that Bolivians adopted cryptocurrencies en masse once the ban was lifted.
It is very likely that Bolivia will follow the path of El Salvador. In fact, since July, both nations have maintained a memorandum of understanding to promote bilateral cooperation and the exchange of knowledge about cryptoassets.
But beyond the potential government backing, Bitcoin is already being adopted from the grassroots out of necessity. Similar to the experience in Venezuela, where the community operated in the shadows and is now experiencing a boom in adoption due to necessity, Bolivians are already familiar with this instrument of freedom, and it is very unlikely that they will let it go. Regardless of what this or future governments do, Bolivians will continue to use bitcoin and cryptocurrencies.
Cryptocurrencies have already won in Bolivia
In Bolivia, there is no turning back: Bitcoin and cryptocurrencies have come to stay. It is common in Latin America for the trauma caused by failed institutions to open people's eyes to the weaknesses of centralized money management. It is precisely for this reason that Bolivians adopted cryptocurrencies en masse once the ban was lifted.
It is very likely that Bolivia will follow the path of El Salvador. In fact, since July, both nations have maintained a memorandum of understanding to promote bilateral cooperation and the exchange of knowledge about cryptoassets.
But beyond the potential government backing, Bitcoin is already being adopted from the grassroots out of necessity. Similar to the experience in Venezuela, where the community operated in the shadows and is now experiencing a boom in adoption due to necessity, Bolivians are already familiar with this instrument of freedom, and it is very unlikely that they will let it go. Regardless of what this or future governments do, Bolivians will continue to use bitcoin and cryptocurrencies.
See original
A government that supports investment
The elected president, Rodrigo Paz Pereira, began his term on November 8 with a shift towards what he calls 'capitalism for all,' emphasizing economic openness, decentralization, and crisis stabilization.
In less than a month of mandate, his first measures aim to reduce the tax burden by eliminating taxes such as those on large fortunes, gambling taxes, and business promotions. He made a 30% cut in federal spending for the 2026 budget and reduced subsidies on various products. Such tax burden reduction measures are usually attractive to companies and foreign investors. While the ban made it difficult to form companies specialized in the area, there is now a need to create infrastructure and services related to Bitcoin and cryptocurrencies in Bolivia.
Taking the Salvadoran experience as a reference, this means a broad space of opportunity for both local initiatives and foreign investment, which can be attracted by the tax conditions that the new government is promoting.
In terms of cryptocurrencies, the Minister of Economy, José Gabriel Espinoza, stated that 'digital assets will function as legal tender payment instruments within the financial system.' Although there is still no formal regulation regarding this, if it were to occur, it would take the lead left by El Salvador after the pressure from the IMF.
Espinoza assured that Bolivia will integrate cryptocurrencies into the formal banking system, starting with stablecoins, allowing banks to offer digital asset services, including savings accounts, credit cards, and loans.
The elected president, Rodrigo Paz Pereira, began his term on November 8 with a shift towards what he calls 'capitalism for all,' emphasizing economic openness, decentralization, and crisis stabilization.
In less than a month of mandate, his first measures aim to reduce the tax burden by eliminating taxes such as those on large fortunes, gambling taxes, and business promotions. He made a 30% cut in federal spending for the 2026 budget and reduced subsidies on various products. Such tax burden reduction measures are usually attractive to companies and foreign investors. While the ban made it difficult to form companies specialized in the area, there is now a need to create infrastructure and services related to Bitcoin and cryptocurrencies in Bolivia.
Taking the Salvadoran experience as a reference, this means a broad space of opportunity for both local initiatives and foreign investment, which can be attracted by the tax conditions that the new government is promoting.
In terms of cryptocurrencies, the Minister of Economy, José Gabriel Espinoza, stated that 'digital assets will function as legal tender payment instruments within the financial system.' Although there is still no formal regulation regarding this, if it were to occur, it would take the lead left by El Salvador after the pressure from the IMF.
Espinoza assured that Bolivia will integrate cryptocurrencies into the formal banking system, starting with stablecoins, allowing banks to offer digital asset services, including savings accounts, credit cards, and loans.
See original
The way Bolivians entered cryptocurrencies is as if a dam had burst or a stampede had been unleashed. It is an example of how Parker Lewis, quoting Hemingway, says that mass adoption of Bitcoin will occur: gradually, and then suddenly.
Adoption in Bolivia is not limited to companies and individuals. Even the state oil company Yacimientos Petrolíferos Fiscales Bolivianos began to use cryptocurrencies for fuel imports, due to the shortage of foreign currency that led to a gasoline crisis. In July 2025, the Financial System Supervisory Authority (ASFI) implemented Resolution ASFI 540/2025, the first regulation of the cryptocurrency market in Bolivia. And while there were opposing positions to the regulation, Bolivians felt legal security in the sector for the first time.
Cryptocurrencies have become such a necessity in the country that it had to be addressed and supported by most of the presidential candidates in the recent elections. It was not a partisan issue. As our reporter Marianella Vanci said, Bitcoin was the winner of the elections in Bolivia.
Adoption in Bolivia is not limited to companies and individuals. Even the state oil company Yacimientos Petrolíferos Fiscales Bolivianos began to use cryptocurrencies for fuel imports, due to the shortage of foreign currency that led to a gasoline crisis. In July 2025, the Financial System Supervisory Authority (ASFI) implemented Resolution ASFI 540/2025, the first regulation of the cryptocurrency market in Bolivia. And while there were opposing positions to the regulation, Bolivians felt legal security in the sector for the first time.
Cryptocurrencies have become such a necessity in the country that it had to be addressed and supported by most of the presidential candidates in the recent elections. It was not a partisan issue. As our reporter Marianella Vanci said, Bitcoin was the winner of the elections in Bolivia.
See original
In August 2024, former president Luis Arce stated that digital platforms had been enabled for payments with stablecoins as a way to alleviate the shortage of foreign currency, with the most important banks in the country offering services.
By September 2024, just a few months after the law was approved, operations with cryptocurrencies grew by 100%, driven mainly by transactions with stablecoins. A year later, by June 2025, the Central Bank would report a 630% increase in the use of cryptocurrencies among Bolivians on Binance. And by the fourth quarter of 2025, Bolivia positions itself as the fourth country with the highest absolute growth in Bitcoin mining.
By September 2024, just a few months after the law was approved, operations with cryptocurrencies grew by 100%, driven mainly by transactions with stablecoins. A year later, by June 2025, the Central Bank would report a 630% increase in the use of cryptocurrencies among Bolivians on Binance. And by the fourth quarter of 2025, Bolivia positions itself as the fourth country with the highest absolute growth in Bitcoin mining.
See original
From then on, working groups were convened between legislators, regulatory agencies, and community members to create regulations for the sector that would reverse the damage of the ban and take advantage of the benefits of cryptocurrencies.
By June 2024, the Central Bank, together with the Financial System Supervisory Authority and the Financial Investigations Unit, decided to revoke the resolution of 2020 and allow the use of cryptocurrencies, attributing the decision to recommendations from the Latin American FATF, rather than to the efforts of the local community. But Bolivians would still see this as a triumph of their grassroots education efforts.
According to the regulations, banks are allowed to conduct transactions with cryptocurrencies through authorized electronic channels. However, they reiterated that they are not considered legal tender in the country.
The change in perception was such that even the then president of the Central Bank, Edwin Rojas, said that the use of bitcoin and other cryptocurrencies in Bolivia "can be something very useful and practical" for merchants, and that they would begin to offer training. The president of the Private Entrepreneurs Federation of La Paz assured that they would proceed to use cryptoassets.
By June 2024, the Central Bank, together with the Financial System Supervisory Authority and the Financial Investigations Unit, decided to revoke the resolution of 2020 and allow the use of cryptocurrencies, attributing the decision to recommendations from the Latin American FATF, rather than to the efforts of the local community. But Bolivians would still see this as a triumph of their grassroots education efforts.
According to the regulations, banks are allowed to conduct transactions with cryptocurrencies through authorized electronic channels. However, they reiterated that they are not considered legal tender in the country.
The change in perception was such that even the then president of the Central Bank, Edwin Rojas, said that the use of bitcoin and other cryptocurrencies in Bolivia "can be something very useful and practical" for merchants, and that they would begin to offer training. The president of the Private Entrepreneurs Federation of La Paz assured that they would proceed to use cryptoassets.
See original
In addition, there is strict currency control in Bolivia and an official exchange rate set since November 2011 at 6.9 BOB. And since the country imports most of its products, for which dollars are required, the lack of access to official dollars has forced entrepreneurs to turn to the parallel market dollar. This has exacerbated the loss of purchasing power of Bolivians and led the government to consider joining the global trend of de-dollarization.
According to Jonathan Fortun, an economist at the Institute of International Finance (IIF), the weakening of the Bolivian economy and the decline in export revenues fueled the exchange rate gap with the parallel dollar. This, at the same time, increased the demand for dollars in the country due to economic uncertainty and the perception of a potential devaluation of the boliviano.
This created an exchange rate differential with the blue dollar that even reached 200% in May 2025, when the parallel rate reached 20 BOB per dollar. Today, at 10.2 BOB, the differential has fallen to 48%.
A turning point for cryptocurrencies in Bolivia
This scarcity of dollars was one of the reasons that motivated the favorable shift towards cryptocurrencies in 2023, but without the outreach and education work undertaken by local communities, this idea probably would not have been considered. Even former presidential candidate Jaime Dunn acknowledged that the legalization of cryptocurrencies would be a release valve in the currency crisis.
According to Jonathan Fortun, an economist at the Institute of International Finance (IIF), the weakening of the Bolivian economy and the decline in export revenues fueled the exchange rate gap with the parallel dollar. This, at the same time, increased the demand for dollars in the country due to economic uncertainty and the perception of a potential devaluation of the boliviano.
This created an exchange rate differential with the blue dollar that even reached 200% in May 2025, when the parallel rate reached 20 BOB per dollar. Today, at 10.2 BOB, the differential has fallen to 48%.
A turning point for cryptocurrencies in Bolivia
This scarcity of dollars was one of the reasons that motivated the favorable shift towards cryptocurrencies in 2023, but without the outreach and education work undertaken by local communities, this idea probably would not have been considered. Even former presidential candidate Jaime Dunn acknowledged that the legalization of cryptocurrencies would be a release valve in the currency crisis.
See original
The dark age of Bitcoin in Bolivia
Bolivia was one of the nine countries in the world that at one point imposed a total ban on Bitcoin. In a resolution from May 2014, Bolivia prohibited the use and trade of crypto assets not issued by the government.
The Central Bank justified this ban by citing cases of affinity scams, which had nothing to do with Bitcoin, but also because they were not issued by States. Both arguments are insufficient to justify a ban, as scams can arise in any area and are not inherent to Bitcoin, and since, as we have demonstrated in past editorials, money is not a state creature but a product of human relationships. Nevertheless, Bolivia ratified its ban on cryptocurrencies in December 2020.
Despite the ban, and even among exclusions of centralized exchanges, Bolivians began to educate themselves and others about cryptocurrencies; they took their first steps on p2p platforms and formed their local community of users. “We will not be stagnant due to the ban,” declared community leaders in 2019, while organizing talks to explain to the public how to take advantage of the benefits of Bitcoin and combat the proliferation of scams.
These community leaders were visionaries of what was coming and how cryptocurrencies would protect Bolivians. The wrong decisions of the planned economy would begin to take a toll on the country, making cryptocurrencies shift from niche to necessity. In a context of inflation and devaluation of the national currency (the boliviano), at a time when Latin American populations tend to turn to the dollar as a safe haven, a severe shortage of the US currency began to strike due to the fall in national reserves.
Bolivia was one of the nine countries in the world that at one point imposed a total ban on Bitcoin. In a resolution from May 2014, Bolivia prohibited the use and trade of crypto assets not issued by the government.
The Central Bank justified this ban by citing cases of affinity scams, which had nothing to do with Bitcoin, but also because they were not issued by States. Both arguments are insufficient to justify a ban, as scams can arise in any area and are not inherent to Bitcoin, and since, as we have demonstrated in past editorials, money is not a state creature but a product of human relationships. Nevertheless, Bolivia ratified its ban on cryptocurrencies in December 2020.
Despite the ban, and even among exclusions of centralized exchanges, Bolivians began to educate themselves and others about cryptocurrencies; they took their first steps on p2p platforms and formed their local community of users. “We will not be stagnant due to the ban,” declared community leaders in 2019, while organizing talks to explain to the public how to take advantage of the benefits of Bitcoin and combat the proliferation of scams.
These community leaders were visionaries of what was coming and how cryptocurrencies would protect Bolivians. The wrong decisions of the planned economy would begin to take a toll on the country, making cryptocurrencies shift from niche to necessity. In a context of inflation and devaluation of the national currency (the boliviano), at a time when Latin American populations tend to turn to the dollar as a safe haven, a severe shortage of the US currency began to strike due to the fall in national reserves.
See original
The next Bitcoin savior is being born in Bolivia
Economic needs have brought Bolivia to Bitcoin, reaffirming that there is no bad that does not come with good. Bolivia has gone from banning Bitcoin to becoming a leader in regional adoption.
The new government promises to promote the adoption of cryptocurrencies.
Bitcoin flourishes in the abysses. In those inhospitable economies, where the imprint of interventionism fractured currencies and left trauma in institutional trust. Bitcoin flourishes in Latin America, not as a speculative bet, but as a necessity, as a breath of freedom.
Thus, Bitcoin has flourished in Bolivia. After years of repression and fear, today, out of necessity, thanks to the educational efforts of local communities, the South American country shows its potential to become the next El Salvador or Bitcoin country in Latin America.
Economic needs have brought Bolivia to Bitcoin, reaffirming that there is no bad that does not come with good. Bolivia has gone from banning Bitcoin to becoming a leader in regional adoption.
The new government promises to promote the adoption of cryptocurrencies.
Bitcoin flourishes in the abysses. In those inhospitable economies, where the imprint of interventionism fractured currencies and left trauma in institutional trust. Bitcoin flourishes in Latin America, not as a speculative bet, but as a necessity, as a breath of freedom.
Thus, Bitcoin has flourished in Bolivia. After years of repression and fear, today, out of necessity, thanks to the educational efforts of local communities, the South American country shows its potential to become the next El Salvador or Bitcoin country in Latin America.
See original
Bitcoin failed in adoption and common use in El Salvador, except in Berlin»
The Salvadoran developer Nelson Garay stated that the massive adoption of bitcoin failed in El Salvador, after living 3 days only with BTC in Berlin. Garay criticized the false national advertising compared to the genuine circular economy of the municipality.
An event showcased Berlin as one of the most hyperbitcoinized places on the planet.
The Salvadoran Bitcoin developer, Nelson Garay, asserted that the massive adoption of bitcoin (BTC) in El Salvador has failed among ordinary people, with the notable exception of the citadel Berlin.
The bitcoiner, known as “Ishikawa,” lived three days paying absolutely everything with BTC during the Bitcoin Economy festival on November 22 and 23, 2025. He described the experience as the true circular economy of the country. "I can say that I have experienced what a true circular economy in bitcoin is," he said before assuring that he covered hotel, food, transportation, and tips only using the currency created by Satoshi Nakamoto. For the specialist, the national contrast with bitcoin stumbles. This is because the population sees the digital currency as foreign to their everyday problems.
I take away a very pleasant experience from this place. I like to verify for myself, as I detest false advertising, as unfortunately happens with most things sold about bitcoin in El Salvador. At the country level, Bitcoin has failed in adoption and use among ordinary people. The population has created a bad perception of what BTC is and the problems it can really help them solve.
Nelson “Ishikawa” Garay, Bitcoin developer.
Garay applauds that everything related to bitcoin in Salvadoran territory made way for the emergence of community initiatives like Bitcoin Berlin that now bursts onto the global model. Other bitcoiners agree with Ishikawa's vision, as is evident from the X user Cyberpunk from La Crypta.
The Salvadoran developer Nelson Garay stated that the massive adoption of bitcoin failed in El Salvador, after living 3 days only with BTC in Berlin. Garay criticized the false national advertising compared to the genuine circular economy of the municipality.
An event showcased Berlin as one of the most hyperbitcoinized places on the planet.
The Salvadoran Bitcoin developer, Nelson Garay, asserted that the massive adoption of bitcoin (BTC) in El Salvador has failed among ordinary people, with the notable exception of the citadel Berlin.
The bitcoiner, known as “Ishikawa,” lived three days paying absolutely everything with BTC during the Bitcoin Economy festival on November 22 and 23, 2025. He described the experience as the true circular economy of the country. "I can say that I have experienced what a true circular economy in bitcoin is," he said before assuring that he covered hotel, food, transportation, and tips only using the currency created by Satoshi Nakamoto. For the specialist, the national contrast with bitcoin stumbles. This is because the population sees the digital currency as foreign to their everyday problems.
I take away a very pleasant experience from this place. I like to verify for myself, as I detest false advertising, as unfortunately happens with most things sold about bitcoin in El Salvador. At the country level, Bitcoin has failed in adoption and use among ordinary people. The population has created a bad perception of what BTC is and the problems it can really help them solve.
Nelson “Ishikawa” Garay, Bitcoin developer.
Garay applauds that everything related to bitcoin in Salvadoran territory made way for the emergence of community initiatives like Bitcoin Berlin that now bursts onto the global model. Other bitcoiners agree with Ishikawa's vision, as is evident from the X user Cyberpunk from La Crypta.
Login to explore more contents