30th June: Blockchain DXB podcast 🎙️
🟠IMF Prevents BTC adoption 🟢Vitalik Buterin's Pluralistic identity⚡️Bybit Credit card crypto purchase ⚡️Bolt Embraces Stablecoin Payments
🟠 International Monetary Fund 🆚 Bitcoin
- Bitcoin Magazine has an excellent artcile on How The IMF Prevents Global Bitcoin Adoption (And Why They Do It) by Daniel Batten Article here https://shorturl.at/oxo1H Some highlights are
🌍 IMF pressured
🇸🇻 El Salvador → reversed 5 Bitcoin laws
🇨🇫 CAR → dropped Bitcoin + killed Sango project
🇦🇷 Argentina → Bitcoin plans vanished post $45B loan
🇵🇰 Pakistan → “serious concerns” from IMF over mining plans
💸 IMF playbook:
Use debt to block Bitcoin, maintain USD dominance, and control financial policy.
⚡️Who survived?
🇧🇹 Bhutan (no IMF loan) — thriving
🇸🇻 El Salvador (pre-loan) — resisted
🎙️ Check out the Blockchain DXB episode we share our commentary on this article & more
🟢 Vitalik Buterin has published a blog on Pluralistic identity. The blog here https://shorturl.at/Ankp1 discusses- Zero-knowledge (ZK) IDs protect privacy, but enforcing strict one-ID-per-person models can reduce pseudonymity, increase coercion risks, and magnify errors. Proof-of-wealth alone isn’t enough.
🟢 The ideal solution is pluralistic identity—a system where no single ID dominates. Instead, identities come from diverse sources (like social graphs, government IDs, or platforms), making the system more resilient, flexible, and resistant to abuse.
- Does digital ID have risks even if it’s ZK-wrapped?
- Are zero-knowledge proofs enough to secure digital IDs?
Bybit, has launched a limited-time offer allowing users to buy crypto like USDT, BTC, and ETH with credit cards in over 25 local currencies. The promotion includes real-time currency conversion, up to 10 USDT cashback, and a 5 USDT bonus for first-time users. This move aims to boost global crypto adoption by simplifying access to digital assets. Users must complete identity verification to qualify, and the offer excludes the European Economic Area. via Chainwire https://shorturl.at/EGGhZ
🔵 Bolt, a San Francisco-based payments platform, has launched stablecoin support via its new Bolt Connect product to simplify cross-border payments. It streamlines onboarding and payouts for marketplaces, offering faster, cheaper transactions. CEO Ryan Breslow says it helps businesses scale easily. This follows Bolt’s crypto SuperApp launch and aligns with Mastercard, Visa, and Stripe as stablecoin adoption grows after the U.S. Senate passed the GENIUS Act. https://shorturl.at/GWXcg
🟠Two UAE news
⚡️Aqua 1 Announces $100M Strategic World Liberty Financial Governance Token Purchase to Help Shape and Accelerate Decentralized Finance Adoption
⚡️Abu Dhabi Government has announced the "Abu Dhabi Government Digital Strategy 2025-2027 (DOGE)