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Bitcoin ATM Users in Argentina Can Now Use Lightning Network
17.11.2023
Source: Birdland/Adobe Bitcoin ATM users in Argentina can now use the Bitcoin (BTC) Lightning Network, following similar developments earlier this month in El Salvador. The project is the brainchild of the crypto ATM operator Athena Bitcoin, which launched Lightning Network integration in...
El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing
15.11.2023
It's been a bit more than two years since the country made bitcoin legal tender there
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador
8.11.2023
Source: Pixabay / Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology...
El Salvador Bitcoin ATM network to receive Lightning Network upgrade
8.11.2023
Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months
Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement
6.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges...
OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador
2.11.2023
An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal...
Investigation Reveals El Salvador Misused One-Third of $600 Million COVID Relief for Bitcoin
1.11.2023
The COVID-19 pandemic plunged El Salvador into economic turmoil in 2020, causing GDP to plummet nearly 8% and leaving many struggling to survive the strict lockdown measures. So when the Central American Bank for Economic Integration (BCIE) approved a $600 million loan in 2021 to provide relief...
Bitcoin-Friendly El Salvador Poised to Become Financial Center of the Americas, Says VanEck Strategy Adviser
30.10.2023
Incoming investment capital and immigration will lead to a major economic shift that will turn El Salvador into a financial center, argued Gabor Gurbacs, strategy adviser of investment management giant VanEck. Gurbacs tweeted that, “I say often to portfolio managers and asset allocators that...
El Salvador’s Pro-Bitcoin President Registers for Re-election in 2024
30.10.2023
El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution. Bukele and his running mate Vice President Ulloa officially registered as his party’s candidate before the deadline...
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
30.10.2023
Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution
Bitcoin-friendly El Salvador can become the 'Singapore of the Americas': VanEck advisor
29.10.2023
VanEck strategy advisor Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years
El Salvador Town Tires of Waiting for Bukele, Will Build ‘Real Bitcoin City’
25.10.2023
An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.”
Residents of Berlin, a town in the Usulután Department, say they want to build the “real Bitcoin City,” instead...
Latam Insights: Argentine Digital Currency Bill to Be Introduced ‘as Soon as Possible,’ Bitfinex Free P2P Exchanges
23.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Argentina is pushing for the introduction of the digital currency “as soon as possible,” Bitfinex makes P2P transactions free...
Bitcoin Price Prediction: Fidelity Joins ETF Race, El Salvador's BTC 'Rebirth', Binance US Move
18.10.2023
Bitcoin's price fluctuating journey continues as it trades just below the $28,500 mark, with a modest increase of less than 0.50% on Wednesday. Several noteworthy events have punctuated the cryptocurrency landscape.
Fidelity, not one to be left behind, has revamped its spot in BTC...
Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador’s ‘Rebirth’
17.10.2023
The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has been an important factor, alongside others, in this revamp of...
El Salvador's Vice-President Attributes Country's Economic Rebirth to Bitcoin Adoption
16.10.2023
In an interview with Forbes On Sunday, El Salvador's Vice-President Ulloa credited the nation's recent economic resurgence to its adoption of Bitcoin as legal tender.
This comes after various reports have highlighted positive impacts on the country's economy, security, and tourism, all influenced...
Westerners See El Salvador as a Template for a New Monetary System
12.10.2023
Latam Insights: Argentina Announces National Digital Currency While Peso Sinks, Volcano Energy Launches Lava Pool
9.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Argentine government announces a national digital currency project, Volcano Energy launches Lava Pool, the first Salvadoran Bitcoin mining pool, and...
Bitcoin mining pool goes live in El Salvador
6.10.2023
Volcano Energy and Luxor have created Lava Pool, making it the first Bitcoin mining pool in El Salvador. The objective is to tap into the geothermal energy resources of the country. The development comes almost two years after El Salvador announced making BTC a legal tender. Volcano Energy will...