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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...
Strike moves global headquarters to El Salvador, expands to 65 countries
20.5.2023
According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.”
Bitcoin Beach’s Pioneering Circular Economy Is Making a Global Impact
17.4.2023
This surfing mecca has garnered over 3,000 bitcoin users including more than 500 families and 120 businesses. Its adoption model is now being replicated around the world. That’s why Bitcoin Beach is one of CoinDesk’s Projects to Watch 2023
El Salvador Grants First Digital Asset License to Bitfinex
11.4.2023
Tokenized shares and yield-bearing assets are potential products that could be launched under the new regulatory framework approved by the Central American country
Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador
7.4.2023
According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing...
El Salvador Plans to Open 'Bitcoin Embassy' in Texas
15.2.2023
The Central American country wishes to open a bitcoin embassy in "new ally" Texas, Mayorga said on Twitter, to aid "expansion of commercial and economic exchange projects."
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....
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
12.12.2022
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow
Billionaire Tim Draper Says El Salvador Will Become One of the Richest Countries on Earth For This One Reason
9.12.2022
American venture capitalist and billionaire Tim Draper argues that bitcoin (BTC) will lead El Salvador to become one of the richest countries in the world.
In an interview with investor Anthony Pompliano, published on Monday, Draper discussed governments turning to bitcoin and adopting 'the...
El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
26.11.2022
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which...
El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says
18.11.2022
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele...
Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
12.10.2022
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 News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
How Much Would El Salvador’s $30 BTC Giveaway Be Worth Today?
11.10.2022
Salvadorans who heeded advice to HODL the bitcoin (BTC) they were handed out as a “golden hello” for downloading the state-run Chivo app may be ruing their decision, a new report has claimed. But there could be a silver lining for late adopters – who may be in for a windfall.
One of the nation’s...
Salvadoran President Nayib Bukele Takes Aim at Bitcoin Detractors, Says the Ones Who Are Afraid ‘Are the World’s Powerful Elites’
9.10.2022
It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the international spotlight. At the end of September, the 41-year-old Salvadoran president Nayib Bukele...
Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed
20.9.2022
Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that...
El Salvador’s Chivo BTC App Largely Disused & ATM Booths ‘Empty’ – Report
16.8.2022
Under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin (BTC) app and wallet – and bitcoin ATM booths in the nation are “empty” less than a year after their launch, a new report has claimed. But the government claims that the app is still popular among many...
Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
7.7.2022
Peter Schiff’s bank closure highlights why Bitcoin is crucial for financial freedom as the nascent asset class has already helped nearly 4 million unbanked in El Salvador to gain banking facilities
El Salvador Buys 80 More Bitcoin as BTC Fell Below $19K — President Insists ‘Bitcoin Is the Future’
1.7.2022
El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele. El Salvador Bought the Bitcoin Dip The president of El Salvador, Nayib Bukele, announced Thursday that...
Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’
22.6.2022
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human...
El Salvadoran Government to Back New Token, Bukele Says ‘Don’t Panic’ About Falling Bitcoin Prices
20.6.2022
El Salvador’s government is readying another crypto move – some nine months after it officially adopted bitcoin (BTC) as legal tender.
Per ElSalvador.com, the website of the newspaper El Diario de Hoy, the state is unperturbed by the current “difficult scenario for digital assets,” and...