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Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador
8.11.2023
Source: Pixabay / Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology...
Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement
6.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges...
OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador
2.11.2023
An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal...
Investigation Reveals El Salvador Misused One-Third of $600 Million COVID Relief for Bitcoin
1.11.2023
The COVID-19 pandemic plunged El Salvador into economic turmoil in 2020, causing GDP to plummet nearly 8% and leaving many struggling to survive the strict lockdown measures. So when the Central American Bank for Economic Integration (BCIE) approved a $600 million loan in 2021 to provide relief...
El Salvador’s Pro-Bitcoin President Registers for Re-election in 2024
30.10.2023
El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution. Bukele and his running mate Vice President Ulloa officially registered as his party’s candidate before the deadline...
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
30.10.2023
Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution
The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador
28.8.2023
In his third weekly dispatch from El Salvador, Jonathan Martin meets two Bitcoin entrepreneurs working to improve financial inclusion
El Salvador’s Bitcoiners teach 12-year-olds how to send sats
17.8.2023
Over 25,000 students in El Salvador have learned about Bitcoin in the classroom
El Salvador's Bonds Surge 62% Amid Bitcoin's ETF-Driven Rally
20.7.2023
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing
Bitcoin ‘Permabull’ Max Keiser: ‘El Salvador Will Be Debt Free by 2030 With Bitcoin’
20.6.2023
Max Keiser, international journalist and chairman of mining company Volcano Energy, has pondered on the importance bitcoin adoption will have for El Salvador in the future. According to Keiser, thanks to bitcoin, El Salvador will be debt free by 2030, as the bitcoin price comes close to one million...
US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?
4.6.2023
El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation.
Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan...
The Bitcoin Standard' Author to Advise El Salvador on Economic Strategy
31.5.2023
Saifedean Ammous, a prominent economist and author of "The Bitcoin Standard," has been appointed as an economic advisor to El Salvador's National Bitcoin Office (ONBTC).
In a Tuesday Twitter thread, the ONBTC revealed that Ammous is joining the division as an economic advisor, providing advice...
US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’
16.5.2023
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in...
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
8.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves...
Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs
1.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog...
Steve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’
28.3.2023
Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam, blasted bitcoin, saying it has a “fundamental...
President Nayib Bukele Touts El Salvador as the ‘New Land of the Free’ in Vintage Americana Poster Featuring Bitcoin as Legal Tender
28.3.2023
President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including...
El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations
24.3.2023
The bill will strip technology innovations such as software programming, coding, apps and Artificial Intelligence development from tax obligations on income, property, capital gains and import tariffs, Bukele said in the tweet
Miss El Salvador Features Bitcoin in Miss Universe 2023
13.1.2023
The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the issuance of its long-awaited bitcoin-backed Volcano bonds....
El Salvador Has Just Approved Law to Allow it to Issue Bitcoin Denominated Bonds
12.1.2023
El Salvador’s congress has passed a digital securities law that would allow the nation to issue Bitcoin-backed bonds, also known as Volcano Bonds.
The Legislative Assembly of El Salvador approved the bill by 62 votes to 16 on January 11. The bill will become law after being ratified by President...