El Salvador’s president announced on Twitter three days ago that his country had “bought the dip”, and had purchased a further 500 BTC at an average price of just over $30,000. However, this purchase ...
Tag: Salvadors
El Salvador’s Bitcoin Losses Are Equal to Next Bond Payment
(Bloomberg) — El Salvador’s gamble on Bitcoin has already led to losses that equal the cash-strapped nation’s next interest payment to bondholders, showing the increased risks posed by its exper...
Bitcoin City Layout Unveiled: Will Crypto Metropolis Help El Salvador’s Ailing Economy?
President of El Salvador Nayib Bukele, one of the most famous Bitcoin proponents, is elevating the cryptocurrency to a grand level. He is building a Bitcoin city. Bukele stated that the country’s ambi...
DeFi firm Qredo receives regulatory approval from El Salvador’s Central Bank
Qredo, a leading decentralized finance (DeFi) firm, has received regulatory approval to operate as a Bitcoin service provider in El Salvador. The approval has been granted by the Central Reserve Bank ...
El Salvador’s central bank accepts Qredo’s registration to provide crypto services
Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salva...
El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister – Bitcoin News
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, th...
El Salvador’s Bitcoin Surge Predicts A Modern US International Policy Toolbox Op-Ed
The bill was introduced in the US House of Representatives just as President Nayib Bukele was preparing to fly to Miami for the Bitcoin 2022 Conference after a rash of grisly gangland murders claimed ...
Here’s The Bitcoin Prediction El Salvador’s President Had To Abandon
El Salvador’s president Nayib Bukele has made himself and the country a force to be reckoned with after it became the first sovereign nation to accept bitcoin as a legal tender. During the course of i...
El Salvador’s Bitcoin Adoption Is Yet to Capture the Local’s Interest (Study)
According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that facilita...
Study finds El Salvador’s Chivo Bitcoin Wallet is not widely used
A study published by the Economic Bureau of Economic Research claims El Salvador’s Chivo Wallet has been a bust. Researchers say despite high initial interest, the usage of the Chivo Wallet is low and...
El Salvador’s Wild Bitcoin Experiment Is ‘Crumbling’ — Bombshell Study Reveals ⋆ ZyCrypto
Advertisement     A recent survey released by the National Bureau of Economic Research (NBER) reported that bitcoin has not been well received in El Salvador. Eight mo...
El Salvador’s Bitcoin Experiment Is Big Failure, Study Shows
Alex Dovbnya El Salvador’s Bitcoin experiment is shaping up to be a big failure, a recent study shows According to a recent study conducted by the National Bureau of Economic Research (NBER), an...
Bitfinex CTO reveals key information on El Salvador’s up and coming Volcano Tokens
Europe’s biggest conference, the Paris Blockchain Week Summit (PBWS), ran for two days last week from April 13. It featured over 3,000 attendees and 250 speakers, including some of the most prominent ...
The Legendary TV Show “60 Minutes” Turns Its Eye To El Salvador’s Bitcoin Beach
It doesn’t get much mainstream than CBS’s “60 Minutes.” The legendary show debuted in 1968 and has been going strong ever since. And now, they’re talking about El Zonte AKA Bitcoin Beach, the place wh...
Growing Number Of Regions In The World Turning To Bitcoin As Legal Tender After El Salvador’s Lead ⋆ ZyCrypto
Advertisement     Across the world, Bitcoin adoption plans are picking up the pace after El Salvador grabbed the bull by the horns. Regions in Portugal and Honduras ar...
60 Minutes feature on El Salvador’s Bitcoin Beach will air Sunday
60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10. According to a Friday post from 60 Minutes’ Twitter account, ...
Legislation to reduce risks from El Salvador’s Bitcoin Law
Two House members have submitted legislation aimed at reducing the dangers to the US financial system as a result of El Salvador’s adoption of Bitcoin (BTC) as a legal tender. Legislation’s companion ...
More Regions Are Following El Salvador’s Bitcoin Play
Key Takeaways Mexico will prepare legislation to adopt Bitcoin as an official currency in the next two months. Próspera has also introduced Bitcoin as a legal tender, while Madeira will not charge tax...
New Bill keeps El Salvador’s BTC Gamble on the Crosshair –
El Salvador made Bitcoin legitimate delicate last year U.S. lawmakers are pressing on with legislation aimed at protecting U.S. financial interests The U.S. government is concerned and is drafting reg...
US House Bill To Offset El Salvador’s BTC Adoption
Two US House members have proposed a new bill in order to ‘mitigate the risks’ of El Salvador’s adoption of Bitcoin as legal currency. El Salvador’s Decision Still Incites US Legislations The bill wa...
New House bill aims to ‘mitigate the risks’ El Salvador’s adoption of Bitcoin
Two US representatives introduced legislation aimed at mitigating the risks to the US of El Salvador adopting bitcoin as legal tender, following a Senate bill introduced in February that focuses on th...
US lawmakers introduce companion bill to ‘mitigate risks’ from El Salvador’s Bitcoin Law
Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin (BTC) as legal currency....
U.S. Lawmakers Propose New Bill to Tackle El Salvador’s Bitcoin Move
U.S. representatives, Congresswoman Norma J. Torres and Congressman Rick Crawford, on Monday proposed a companion bill titled “Accountability for Cryptocurrency in El Salvador (ACES) Act.” The bill is...
El Salvador’s Bitcoin bonds not going as planned for crypto-mad millennial president
Just last November, El Salvador’s crypto-mad president Nayib Bukele was rocking out at a Bitcoin conference to AC/DC’s megahit “You Shook Me All Night Long,” as he announced a new “volcano bond”—the w...
Will El Salvador’s Bitcoin City Encounter Delays?
It looks like Bitcoin City – a project set to come to fruition in El Salvador – is encountering a few problems. While it’s unclear if plans for the city are on hold, many officials believe that Presid...
El Salvador’s Bitcoin law and why it may not be a happy half-birthday
A number of crypto-investors, analysts, and even several governments thought that El Salvador would lead the international community in the mass adoption of Bitcoin. However, reactions have been mixed...
“Bitcoin Is The Currency Of Freedom,” Mexican Billionaire Pliego Asserts After Meeting With El Salvador’s Bukele ⋆ ZyCrypto
Advertisement     Mexico’s third-richest person Ricardo Salinas Pliego visited El Salvador’s President Nayib Bukele in a show of support for the country’s Bitcoin agen...
New controversy on El Salvador’s Bitcoin Bill
Senators are investigating President Bukele’s Bitcoin bill to see if it has a negative impact on the US dollar. The bill was introduced on February 18th, but it only gained attention today after...
Bukele Visibly Upset That Binance Founder Is Linked To El Salvador’s Bitcoin Bond
El Salvador President Nayib Bukele has condemned a Reuters report that claimed Binance founder Changpeng ‘CZ’ Zhao wants to assist the country’s Bitcoin Bond. “Please don’t spread Reuter’s FUD,” he tw...
US Senate’s Bill On El Salvador’s Bitcoin Adoption Angers Nayib Bukele
The proposed Accountability for Cryptocurrency in El Salvador Act (ACES) has passed its U.S Senate Foreign Relations Committee and is now heading to a full Senate vote. However, one person who is not ...
“The US Does Not Stand For Freedom”, Bukele Responds To U.S. Bill Against El Salvador’s Adoption Of Bitcoin ⋆ ZyCrypto
Advertisement     The US Senate passed its “Accountability for Cryptocurrency in El Salvador (ACES) Act” through committee on Wednesday, and the bill is set to be vote...
US Senators Propose Bill to Investigate Effects of El Salvador’s Bitcoin Experiment
It would appear that the U.S. Congress is starting to become interested – or concerned – with El Salvador’s adoption of Bitcoin as legal tender. Senators James Risch, Bob Menendez, and Bill Cassidy ha...