 Snowden: other countries 'may regret hesitating'  El Salvador's Bitcoin Law went into effect on Sept. 7 and BTC is now a national currency alongside the U.S. dollar. On the same day, privacy activist and whistleblower Edward Snowden said: "there is now pressure on competing nations to acquire bitcoin — even if only as a reserve asset."
He warned that "Latecomers may regret hesitating."
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In the news The U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product.
The exchange says, "We don't know why … We got no explanation from the SEC." India's new plan to regulate cryptocurrencies India is reportedly working on a new way to regulate cryptocurrencies.
"The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases," according to a report. Analyst predicts crypto bull market: $100K bitcoin, $5K ethereum Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance.
He expects the crypto market to thrive in a "refreshed bull market." Meet the first Bitcoin Cash dex built on Smartbch Decentralized finance (defi) has set a trend during the latter half of 2020 and into this year, as statistics show $168 billion is locked in defi across various blockchains.
The Bitcoin Cash network now has the Smartbch protocol and in recent times, a decentralized exchange (dex) platform has joined the defi fray.
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Edward Snowden: other countries now under pressure to adopt BTC
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