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US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
18.2.2022
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned...
Bitcoin City: The Bizarre History of Libertarian Attempts to Create Independent Cities
13.2.2022
Harry Hobbs, Senior Lecturer, the University of Technology Sydney. _____
Late last year, El Salvador’s president Nayib Bukele announced plans to build “Bitcoin City” – a tax-free territory in the country’s east.
The city will use bitcoin (BTC) and be powered by the nearby Conchuagua volcano....
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
10.2.2022
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about...
El Salvador Eyes Bitcoin Bond Issuance in March, Mulls BTC Loans for SMEs
9.2.2022
El Salvador could be set to unveil its much-talked-about bitcoin (BTC) bond offerings as early as next month – and could also unveil new bitcoin loan offerings for small and medium-sized enterprises (SMEs) and micro-industries.
The latest bonds development was unveiled by a key ally...
Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’
31.1.2022
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s...
Fading power? Weak DOGE spike after Elon Musk makes McDonald's offer
26.1.2022
The Twitter feud between Elon Musk and McDonald's has escalated after the Tesla CEO offered to eat a happy meal on television
El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months
23.1.2022
El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran government has bought a total of 1,801 bitcoins since the cryptocurrency was made legal tender in the country. El Salvador...
Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet
12.1.2022
Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value...
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
6.1.2022
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds...
New El Salvador Laws Will Help Bitcoiners Who Want to Move to the Country, Says Gov’t
5.1.2022
The government of El Salvador has unveiled further details about the “20 new financial and innovation”-related laws recently announced on Twitter by the President Nayib Bukele – and it looks like the legislation will be aimed at bitcoin (BTC) enthusiasts hoping to move to the country and helping...
Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts
3.1.2022
El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds...
El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century
23.12.2021
El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins...
Lack of Transparency Blighting El Salvador’s Bitcoin Adoption, Critics Say
9.12.2021
Media outlets claim that bitcoin (BTC) adoption has been a damp squib thus far in El Salvador – and have bemoaned the fact that the government has failed to produce any explanation of how it has spent the money it has forked out on token purchases....
Read More: Lack of Transparency Blighting...
El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin
6.12.2021
The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million...
El Salvador Buys More Bitcoin: 420 BTC Added to Treasury
28.10.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again...
Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker
19.10.2021
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan
Microstrategy CEO Advises Nigeria and Zimbabwe to Adopt Bitcoin Standard, Says BTC Is ‘Kingmaker’
19.10.2021
Microstrategy CEO Michael Saylor has suggested Nigeria and Zimbabwe issue currencies that are backed by bitcoin if they want to fix their economies. He surmised that using the bitcoin standard will end starvation and allow citizens of both countries to have a decent life. National Currencies Backed...
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
El Salvador Buys More Bitcoin — Country Now Holds 700 BTC
20.9.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has purchased more bitcoin. The Salvadoran government now holds 700 coins, according to President Nayib Bukele. El Salvador Buys the Dip El Salvador’s president, Nayib Bukele, announced early Monday morning...
Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
10.9.2021
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up...