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🌙 Argentina Elects Pro-Bitcoin President
In a country which has recently witnessed triple-digit rates of inflation, Milei sees bitcoin and digital currencies as an effort to “return money to its original creator: the private sector.”
Mike Gavela
November 20, 2023
Crypto Roundup - Nov 20
Javier Milei, a libertarian and Bitcoin supporter, was elected as Argentina's president, aiming to dollarize the economy and utilize cryptocurrencies to tackle the nation's high inflation. Bullish, a crypto exchange under Block.one, acquired CoinDesk from the Digital Currency Group, with a commitment to maintaining CoinDesk's journalistic independence and supporting its growth. The U.S. Justice Department is reportedly finalizing a $4 billion settlement with Binance, involving allegations of money laundering and other legal violations. Binance's CEO, Changpeng Zhao, might face criminal charges, but his residence in the UAE complicates potential extradition. The settlement includes a substantial fine, an admission of legal non-compliance, and a future compliance monitoring process.
Top Stories:
Javier Milei Wins Presidency: Milei, a pro-Bitcoin libertarian, wins Argentina's presidency with a plan to dollarize the economy and use cryptocurrencies to combat inflation.
Bullish Acquires CoinDesk: Bullish, a subsidiary of Block.one, acquires the crypto news outlet CoinDesk from DCG, focusing on supporting its growth and ensuring editorial independence.
Binance's $4 Billion Settlement: The U.S. Justice Department is close to settling with Binance for $4 billion over investigations into money laundering and other violations, potentially including criminal charges against CEO Changpeng Zhao.
TOGETHER WITH
VINCENT SPOTLIGHT
TOP STORIES
FUNDRAISES
EXCLUSIVE: Panoptic raises $7 million to build perpetual options platform for DeFi
— The Block (@TheBlock__)
1:05 PM • Nov 20, 2023
We're thrilled to announce our $6 million seed round funding, led by @fslweb3, the developer of @Stepnofficial, and @FoliusVentures
💗Excited to share our journey to #InvestLikeTheBest with stellar backers!
🔜Crypto #CopyTrading reimagined with #OMTrade
🌈Fair access to #WinBig… twitter.com/i/web/status/1…— OMTrade (@OMTrade_crypto)
4:55 AM • Nov 20, 2023
OTHER HEADLINES
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CRYPTO TWITTER (X)
“With legal tender, they scam you with the inflationary tax… #Bitcoin is the natural reaction against central bank scammers; to make money private again.” - Javier Milei, President of Argentina 🇦🇷🇦🇷
— Dylan LeClair 🟠 (@DylanLeClair_)
11:46 PM • Nov 19, 2023
In a recent campaign ad, Javier Milei appears receiving the clothes of Capitan Ancap, his superhero counterpart, and destroying the argentine Central Bank with Thor's Hammer.
— Crazy Ass Moments in LatAm Politics (@AssLatam)
2:38 PM • Nov 19, 2023
This is potentially the most bullish chart in crypto currently.
Despite the recent liquidity inflow into BTC, ETH and altcoins, the aggregate stablecoin supply has grown significantly.
Up roughly 5 billion from the bottom.
Still ways to go before reaching the previous peak at… twitter.com/i/web/status/1…
— Thor⚡️Hartvigsen (@ThorHartvigsen)
8:48 PM • Nov 20, 2023
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