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Bitcoin uses a public ledger, known as the blockchain, to keep track of transactions. This makes it more transparent and secure than traditional banking systems.
El Salvador has been making headlines recently as rumors swirl that the country may be on the brink of financial insolvency due to heavy losses in Bitcoin.
The crypto market has been in a state of panic for the past few weeks. The FTX insolvency and rumors of other exchanges going bust led to a industry-wide selloff.
Tom Brady, one of the greatest quarterbacks of all time, has lost his entire net worth on the cryptocurrency exchange FTX, which went insolvent yesterday.
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