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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...

International Monetary Fund (IMF) managing director Kristalina Georgieva revealed that the IMF is actively developing a platform dedicated to facilitating transactions between countries via central bank digital currencies (CBDCs). This move reflects the IMF’s commitment to fostering global interoperability by encouraging central banks to establish a unified regulatory framework for digital currencies. Avoiding fragmented national approaches Speaking at a conference attended by African central banks in Rabat, Morocco, IMF managing director Kristalina Georgieva emphasized the importance of avoiding fragmented national approaches when it comes to CBDCs. Georgieva underscored the need for interconnected systems and global interoperability to achieve more efficient and equitable transactions. Her remarks emphasized the significance of developing CBDCs that go beyond national boundaries. She stressed that for transactions to be truly efficient and fair, it is crucial to establis...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the impact of the Silvergate collapse on crypto. This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding Silvergate and its impact on the crypto market so far. We kick things off with this week’s top stories Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8. Historically, March has not been a great month for Bitcoin (BTC), and 2023 seems to be following that trend. After an uneventful weekend, which offered few trading opportunities, the current concern seems to be around the forthcoming macroeconomic data from the United States. Specifically, the February print of the Consumer Price Index (CPI), due March 14, is expected to be “hot,” or above expectations. Is a sub-$20,000 Bitcoi...