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2 in 10 People in El Salvador Still Using Government’s Chivo Bitcoin App – Survey
27.4.2022
A survey has found that Salvadorans are using the state-run Chivo bitcoin (BTC) app and wallet sparingly if at all, with most simply downloading it to receive a USD 30 worth of bitcoin as a golden hello before returning to using the dollar....
Read More: 2 in 10 People in El Salvador Still Using...
Bukele Returns to Miami Bitcoin Conference as Gangland Crackdown Takes Gruesome Turn
6.4.2022
International bitcoiners will be turning their eyes to El Salvador again this week – but some are concerned that government’s aggressive recent crackdown on gang crime could undermine its standing in the bitcoin (BTC) community....
Read More: Bukele Returns to Miami Bitcoin Conference...
Financial Markets Not Ready for Bitcoin-Backed Bonds – MicroStrategy CEO
31.3.2022
The financial markets of the world are not ready for bonds backed by bitcoin (BTC) yet, according to the CEO of the enterprise software firm MicroStrategy, Michael Saylor. However, El Salvador’s planned “volcano bonds” could be a different story....
Read More: Financial Markets Not Ready...
Bitfinex Says Customers Ready to Splurge USD 0.5B on El Salvador’s Bitcoin Bonds
30.3.2022
The crypto exchange Bitfinex, which will host the issuance of El Salvador’s much-talked-about bitcoin (BTC) bonds, says that it has already received “half a billion dollars” worth of interest in the offering from its customers.
The Financial Times quoted Bitfinex Chief Technology Officer Paolo...
US Senate Committee Advances Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
25.3.2022
The Senate bill to mitigate the risks from El Salvador adopting bitcoin as legal tender has advanced in the U.S. “As El Salvador has adopted bitcoin as legal tender, it’s critical we mitigate risks to our financial system,” said one of the U.S. lawmakers who introduced...
Bitcoin Royalty Flock to Bukele’s Court as President Talks of ‘Short Delay’ to BTC Bonds
25.3.2022
El Salvador’s President Nayib Bukele is playing host to a dazzling array of international bitcoiners – while also taking the time to “flex” on American Senators on Twitter.
In the past few hours, Bukele has posted pictures of himself with Ricardo Salinas Pliego, one of the richest men...
Another Regulatory Challenge for DeFi, El Salvador Seeks Help from Binance + More News
24.3.2022
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: Another Regulatory Challenge for DeFi, El Salvador Seeks Help from Binance + More News
El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
23.3.2022
El Salvador could push its bitcoin (BTC) bond issuance back as far as September, the nation’s Finance Minister Alejandro Zelaya has admitted – but a more imminent issuance is still on the table....
Read More: El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
Panama Eyes Bitcoin & Crypto to Spark Tech Investment
22.3.2022
Bitcoin (BTC) and crypto adoption on a state level may soon extend beyond El Salvador, with politicians elsewhere in the Americas – and even one European royal – mulling moves that could see the cryptocurrency brought into their financial systems in some form or other....
Read More: Panama Eyes...
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...
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...