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Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News
29.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
29.7.2022
El Salvador's adoption of bitcoin as legal tender is working despite the losses of over 50% the government has incurred on its purchases, according to the country's finance minister
El Salvador Introduces 2 Sovereign Debt Repurchase Bills in Effort to Allay Default Concerns
26.7.2022
President Nayib Bukele announced that the Central American country seeks to buy back bonds maturing in 2023 and 2025 at market prices
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
20.7.2022
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently
Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets
18.7.2022
During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins...
El Salvador Finance Chief Says USD 800M Debt Default Won’t Happen, Bukele Says BTC Is 'Inevitable'
15.7.2022
El Salvador’s finance minister says he is unworried by international markets forecasters’ predictions that the country will default on USD 800 million bond payments early next year.
ElSalvador.com, the website of the newspaper El Diario de Hoy, quoted minister Alejandro Zelaya as stating that...
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
15.7.2022
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran...
Bitfinex donates 36 BTC to Salvadoran businesses to support economic development
14.7.2022
The Bitcoin-friendly Latin American country has put BTC at the center of its economic revitalization strategy
5 events that could put an end to the current crypto bear market
8.7.2022
Crypto bear markets are rough, but there are five moonshot events that could turn the ship around
Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
7.7.2022
Peter Schiff’s bank closure highlights why Bitcoin is crucial for financial freedom as the nascent asset class has already helped nearly 4 million unbanked in El Salvador to gain banking facilities
El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022
6.7.2022
El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of commission-free BTC transfers
Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico
2.7.2022
Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican citizens are facing went trying to access financial products and education. However, the Central Bank of Mexico has been...
El Salvador compra 80 bitcoins adicionales a $19K cada uno, según el presidente Bukele
1.7.2022
La última compra por parte del país centroamericano había sido en mayo
El Salvador Buys 80 More Bitcoin as BTC Fell Below $19K — President Insists ‘Bitcoin Is the Future’
1.7.2022
El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele. El Salvador Bought the Bitcoin Dip The president of El Salvador, Nayib Bukele, announced Thursday that...
Following MicroStrategy, El Salvador's Bukele Buys Another Bitcoin Dip Too, Skeptics Chime In
1.7.2022
After MicroStrategy's return this week, El Salvador’s President Nayib Bukele has also broken his recent silence on all things bitcoin (BTC)-related. He announced that the country has bought the latest “dip” – splashing out on BTC 80 virtual coins at a price of USD 19,000 per bitcoin.
The purchase...
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says
1.7.2022
The last purchase by the Central American country had been in May
Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin
30.6.2022
A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.
Per ElSalvador.com, the website of the newspaper El Diario de Hoy, Milena Mayorga, El Salvador’s Ambassador to the United States, has spoken about...
Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review
26.6.2022
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when...
Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’
22.6.2022
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human...