Analysis Today TheBitTimes.com

The election of new Argentine President Javier Milei has given many in the local Bitcoin community cause for hope. After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19.  Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community . With 99% of the vote counted on Sunday, Nov. 19, Milei was declared the winner. The flamboyant politician secured the favor of 55% of the electorate, with three million more ballots to his name than rival Sergio Massa. Fernando Nikolić, an Argentine Bitcoin (BTC) advocate and founder of media analyst firm Bitcoin Perception, told Cointelegraph that Milei “has spoken positively about Bitcoin when asked about it in interviews,” but also pointed out that enthusiasm should be tempered by the fact that “passing any sort of law that is considered ‘Bitcoin-friendly’ is not a p...

Yuga Labs' first Bitcoin NFT collection saw some backlash from the crypto community over the weekend, pointing to flaws in the way it's conducting the auction. Nonfungible token (NFT) conglomerate Yuga Labs is facing some criticism from the cryptocurrency community, including the creator of Bitcoin Ordinals, over how it plans to auction its new Bitcoin NFT collection.  On Mar. 5, Yuga opened bids for its “TwelveFold” collection which will see 300 NFT-like images inscribed on Satoshis using the Bitcoin-native Ordinals protocol, with 288 from the collection sent to the highest 288 bidders. The auction for TwelveFold has begun and will conclude on the block immediately prior to 3pm PT tomorrow, March 6th, 2023. Good luck.https://t.co/gvl8IHpekC pic.twitter.com/xGWU9jdCoO — Yuga Labs (@yugalabs) March 5, 2023 According to a Mar. 5 press release, those participating in the bidding process will be required to send their entire bid amount in BTC to a unique BTC address controlled b...

Norby said the “experiment” was part of a plan to onboard more people onto Solana, however the stores didn’t bring in as many users as they initially hoped. Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated. Solana Spaces tweeted the news on Feb. 21 sharing a note from its founder, Vibhu Norby, explaining the reasons behind the store shutdowns. The following is a note from our founder, @vibhu. Dear @solanaspaces community, We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with… https://t.co/kjNu9Ay4Gk — Solana Spaces (@solanaspaces) February 21, 2023 Norby — who founded Solana Spaces in early 2022 — explained the company reached an “inflection point” with the stores...