No, the IMF did not say Bitcoin is “digital gold”Bitcoin was mentioned several times in the International Monetary Fund’s seventh edition of its “Integrated Balance of Payments and International Investment Position Manual,” which was published on March 20 — but none of which referred to it as “digital gold,” contrary to some reports. The IMF provided classifications on “crypto assets” such as Bitcoin as a “medium of exchange” while stating that many new digital assets are designed to also act as a “store of value.”The IMF’s comment on digital assets was misinterpreted by members of the crypto industry.
Source: CoinGeckoTornado Cash goes live on MegaETH testnetA largely unknown crypto developer who goes by the name “GUNBOATs” on X has launched crypto privacy mixer Tornado Cash on MegaETH testnet — a new Ethereum layer 2 blockchain looking to resolve Ethereum’s scalability issues. The crypto developer showed a command-line interface (terminal window) of the Tornado Cash smart contract “0x0cB…65142” deployed on the MegaETH testnet at block 1,397,845 — which was timestamped on March 21 at 5:41 pm UTC, according to the MegaETH explorer.
Source: IMF“This is a massive stretch to jump to: ‘IMF says bitcoin is digital gold,’” Satoshi Action Fund CEO Dennis Porter said in a March 23 X post.“[It’s] a good sign that the IMF is recognizing this but definitely not an endorsement of Bitcoin as ‘digital gold.’”The IMF also distinguished fungible tokens from non-fungible tokens and classified the latter as either a token designed to act as a medium of exchange or as a security.
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Author / Journalist: Cointelegraph by Stephen Katte
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