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Nalezeno "El Salvador": 846

Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets

17.10.2021
On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces...

Corporations & Countries Watch and Learn From El Salvador's Bitcoin Experiment

17.10.2021
It has now been more than a month since El Salvador officially began enforcing a law making bitcoin (BTC) legal tender within the Central American country. Much has been of the rapidity with which this law was proposed and then passed, with protests suggesting that at least some of the local...

Salvadoreans are now selling ‘way more’ US Dollars to buy Bitcoin

16.10.2021
President Bukele confirms that Chivo has reported 24,076 remittance requests, which has added up to $3,069,761.05 in one day

Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin

13.10.2021
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points...

BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022

11.10.2021
Developing economies are more affected by issues related to remittances and inflation, BitMEX's CEO said

Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds

11.10.2021
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this...

‘Identity Theft’ Criminals Plundering El Salvador Bitcoin Wallet Funds

11.10.2021
een stealing others’ identities to register the app in other people’s names, using stolen ID documents to complete the process – allowing them to accrue larger quantities of BTC.The newspaper El Diario de Hoy’s website

El Salvador to build $4M veterinary hospital using profits from Bitcoin trust

11.10.2021
Salvadoran president Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust

B2BinPay: How to Find a Reliable Provider of Bitcoin Payments

10.10.2021
PRESS RELEASE. Bitcoin is not just the first cryptocurrency to have come onto the scene – the role of this asset has substantially increased in recent years. Giant corporations like Tesla and Xiaomi have added BTC to the list of payment options, while El Salvador has made Bitcoin a legal...

Arcane Research predicts 700 million Lightning Network users by 2030

8.10.2021
Arcane Research says that Lightning Network usage has been on a steep upwards trajectory since late last year, but in September growth went parabolic off the back of El Salvador's Bitcoin adoption

BitMEX Boss: El Salvador-style Bitcoin Adoption on the Cards for 5 More Nations

7.10.2021
oin (BTC) legal tender status. Höptner claimed that “at least five countries” will “accept bitcoin as legal tender” before next year is out.In a blog post, the CEO

Academic Says Bukele’s Bitcoin Mining Test Is ‘Bad Business’

4.10.2021
osto-energia-electrica/885523/2021/">Per El Diario de Hoy, Carlos Martínez, a professor of Electrical Engineering at the University of El Salvador (UES), claimed that in four days of mining so far, the state has managed to mine a total of BTC 0.00599179 (USD 269 at the time). The professor added

El Salvador introduces fuel subsidy of $0.20 per liter to locals who pay in BTC

4.10.2021
El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per liter to consumers who pay using BTC

First Volcano Bitcoin Mined, Says El Salvador’s President

1.10.2021
BTC is not new. After he declared the cryptocurrency legal tender in June with the country passing the Bitcoin Bill, Bukele followed it up with 

Bitcoin Depot’s crypto ATMs surpass 5,000 as adoption grows

30.9.2021
Bitcoin ATMs are becoming increasingly ubiquitous, especially in North America, offering compelling evidence of growing adoption

El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App

30.9.2021
rators had negotiated a deal with two fuel distribution companies, meaning that Chivo users could receive a discount worth USD 0.20 per gallon at petrol stations across the nation.Bukele wrote that the “state-owned company Chivo” had “negotiated with the largest gas station companies in the c

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

29.9.2021
On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.”...