notably scams now i tend to agree with the vdog here particularly on that last point now although to be fair el salvador's bitcoin bill states that businesses can choose to receive btc payments in dollars with the government's help whether this is a sufficient counterbalance to a government mandate is up for debate but i think we can all agree that building an animal hospital during a human health pandemic is probably not the best use of that money if you want to know the details of how el salvador came to adopt bitcoin you can get them all by clicking that link up in the top right in other news facebook's empire went offline for six hours last week and experienced additional outages over the weekend google also issued multiple warnings to chrome users last week and seems to have admitted that some user information was gathered by hackers though the extent of this has yet to be revealed in the case of facebook instagram and whatsapp the cause of the crash is believed to have been an error on the developer side which effectively unplugged all three platforms from the internet it is of course a lot more complicated than that and i'll leave a link to a video by computer file which explains the details if you're interested in the case of google the causes of the hacks are a series of vulnerabilities in google chrome's new code pro tip use brave browser instead thank me later naturally not everyone is convinced that an error of this magnitude could have happened at a company such as facebook and a series of conspiracies have arisen since the downtime most of these center around the testimony by the facebook whistleblower the day before the outage as well as the alleged leak of data of about NUMBER_TOKEN billion facebook users which has yet to be verified whatever the case one thing is for sure and that's that centralized internet infrastructure is outdated people who rely on these platforms for communication or work are now aware of what's at stake now cryptocurrency can solve this by providing decentralized internet infrastructure at the level of hardware and software projects like helium which i recently covered are already working to address the former and smart contract cryptocurrencies like ethereum are on the cusp of conquering the latter though there is currently no cryptocurrency that could replace its centralized equivalent this will happen eventually and every failure by centralized structures only accelerates this process the exponential growth of cryptocurrency is why institutional investors continue to go crazy for it according to a survey of over NUMBER_TOKEN financial advisors for institutional investors NUMBER_TOKEN of financial advisors are recommending bitcoin to their clients this is because any massive losses they experience can be deducted from their taxable income and any massive profits will well add to their profits the real selling point however seems to be bitcoin as an inflation hedge something which multiple megabanks such as jp morgan believe and speaking of banks the fifth largest bank in the united states aptly called u.s bank has partnered with nydig to provide cryptocurrency custody to its clients meanwhile across the pond one of germany's biggest banks partnered with fire blocks to provide cryptocurrency custody though i must admit that i get nervous whenever i see announcements like these this is because of an incident a few months back where the private keys to a firebox client were accidentally deleted this is the subject of a NUMBER_TOKEN million lawsuit filed by the client in any case the expansion of cryptocustody is exactly what institutions need when it comes to cryptocurrency and metamasks partnership with three major cryptocustodians
NO_SEGMENT_TOKEN