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El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender
23.2.2022
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government...
Tourism in El Salvador up 30% since Bitcoin adoption, minister says
22.2.2022
Salvadoran President Nayib Bukele previously announced that El Salvador’s GDP grew over 10% in 2021
Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors
21.2.2022
The 52 proposed legal reforms call for less bureaucracy, less red tape, creating tax incentives to make El Salvador one of the most freedom-centric countries
Crypto community condemns Canada for freezing dissidents' Bitcoin wallets
18.2.2022
Kraken CEO admitted that the firm could be forced to freeze some wallets by police, advising to move crypto out of exchanges
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...
US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb
17.2.2022
Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans....
Read More: US Senators Call for El Salvador...
New bill aims to 'mitigate risks' to US from El Salvador's Bitcoin Law
17.2.2022
Three U.S. Senators proposed a bill which would commission a lengthy report detailing the inner workings of El Salvador’s Bitcoin Law and a subsequent action plan to mitigate risk
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....
El Salvador’s Bitcoin Law: Understanding alternatives to government intervention
13.2.2022
Last year El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. Now, it’s time to promote mainstream adoption from the ground up
Turkey (Unintentionally) Builds Case for Bitcoin as It Plans to Convert Citizens' Gold to Lira
11.2.2022
The Turkish government is working on plans to get its citizens to hand in ‘under the mattress’ gold in its latest scheme to prop up the value of its national currency, the lira. But according to some, the country would have been much better off had it just embraced bitcoin (BTC)....
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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...
Top Latin American exchange Bitso officially expands to Colombia
10.2.2022
Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia
Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport Deals With Tezos and Terra + More News
10.2.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Crypto Bank Avanti Steps Closer to Fed, 2021 Total Crypto M&A Value Up 4,846%, New Hampshire Crypto Commission, Sport...
Living on a volcano: The outlook of El Salvador’s crypto mining industry
10.2.2022
El Salvador’s crypto mining potential is there but it will take some time and effort to come to fruition
Fitch lowers El Salvador’s rating due to Bitcoin adoption
10.2.2022
“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country received a downgrade from Fitch
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...
Bitcoin Lightning Network growth capacity plateaus at 3,400 BTC
9.2.2022
The capacity of the Bitcoin Lightning Network has short-circuited over the last three months to circa 3,400 BTC capacity, after surging throughout 2021, according to Arcane Research
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
7.2.2022
A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco...
Does the IMF have a hidden script for El Salvador’s Bitcoin play?
5.2.2022
What if El Salvador's Bitcoin experiment succeeds? Is that what the IMF really fears?
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year
4.2.2022
The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing...