Wed. 06/09 – The First Country To Adopt Bitcoin As Legal Tender

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 9 June 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

El Salvador becomes the first country to adopt bitcoin as legal tender. Biden reverses the TikTok and WeChat bans. Did one single customer cause that Fastly internet outage? Interesting raise for a faster Ethereum. Interesting new browser option. And maybe my favorite honey pot operation of all time. Sponsors: Masterworks.io promocode RIDE Cybereason.com Links: El Salvador becomes first country to adopt bitcoin as legal tender after passing law (CNBC) Biden revokes and replaces Trump orders banning TikTok and WeChat (The Verge) Fastly claims single customer responsible for widespread internet outage (The Verge) Solana Labs raises $314 million in new funding led by A16z and Polychain Capital (The Block) Vivaldi 4.0 launches with built-in email and calendar clients, RSS reader (Tech Crunch) FBI and Australian police ran an encrypted chat platform to catch criminal gangs (The Record) Encrypted messaging app used by criminals was actually an FBI honeypot (Input) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Wednesday, June 9th, 2021. I'm Brian McCullough today.
0:09.0	El Salvador becomes the first country to adopt Bitcoin as legal tender.
0:13.0	Biden reverses the Tik-Toc and We-Chat bands.
0:17.0	Did one single customer cause that fastly internet outage?
0:21.0	Interesting raise for a faster Ethereum, interesting new browser option, and
0:25.3	maybe my favorite honeypot operation of all time.
0:28.6	Here's what you miss today in the world of tech. The Central American Nation of El Salvador has become the first
0:36.6	country in the world to adopt Bitcoin as legal tender after lawmakers voted by a
0:42.4	supermajority in favor of a new
0:45.0	Bitcoin law quoting c. M. C. M. C. The purpose of this law is to regulate
0:50.1	Bitcoin as unrestricted legal tender with liberating power unlimited in any
0:55.0	transaction and to any title that public or private natural or legal persons
0:59.4	require carrying out the law reads Prices can now be shown in Bitcoin. Tax contributions
1:05.7	can be paid with the digital currency and exchanges in Bitcoin will not be
1:10.0	subject to capital gains tax. The exchange rate with the U.S. dollar quote
1:14.0	will be freely established by the market according to the proposed law.
1:17.8	El Salvador's current official currency is the U.S. dollar. The law also
1:22.0	says that the state will quote promote the necessary training and
1:25.2	mechanisms so that the population can access Bitcoin transactions and
1:28.8	quote. Approximately 70% of El Salvador does not have access to traditional financial services
1:34.8	according to the Bitcoin law.
1:36.6	The cryptocurrency is seen as a way to increase financial inclusion.
	...

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