Category: el salvador
With Bitcoin Clarity, El Salvador Allows Strike To Abandon USDT
How Lightning Network startup Strike went from using USDT in El Salvador to helping the country build financial infrastructure with Bitcoin.
Read More Understanding Latin America’s Rising Interest in Bitcoin Adoption
Latin American countries have been enacting or even signaling their interest in bitcoin over the last few weeks.
The post Understanding Latin America’s Rising Interest in Bitcoin Adoption appeared first on BeInCrypto.
Which Nation Will Follow El Salvador’s Lead?
With the nation state game theory playing out in front of us, it is interesting to speculate on who may be next.
Read More World Bank Refuses To Help El Salvador Implement Bitcoin, Citing “Transparency Shortcomings”
Revealing misunderstandings, the World Bank has rejected El Salvador’s request for assistance in implementing a bitcoin standard.
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World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation
After the IMF raised concerns about El Salvador adopting Bitcoin (BTC) as a legal tender last week, the World Bank has rejected any kind of help for Bitcoin implementation citing transparency and environmental concerns. On Wednesday, June 16, El Salvador’s Finance Minister Alejandro Zelaya said they are currently seeking technical assistance from World Bank to
The post World Bank Denies Any Help to El Salvador for Bitcoin (BTC) Implementation appeared first on Coingape.
South American Countries Are Interested In Adopting Bitcoin: Who Will Be Next?
Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later. Leaders from countries including Panama, Paraguay, Mexico, Argentina, Nicaragua, […]
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The End Of Bitcoin’s Beginning
We are fast approaching sovereign state adoption as game theory plays out in front of bitcoiner’s eyes.
Read More Despite The Dip, The Bitcoin Market Is Bullish As Ever
There are several reasons why this bull market is set to continue, as reviewed in This Week In Bitcoin.
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CABEI Comes to El Salvador’s Rescue Amid IMF Concerns, Offers to Assist in BTC Implementation
The Central American Bank for Economic Integration (CABEI) has come forward to help El Salvador with the technicalities of Bitcoin implementation as a legal tender. Dante Mossi, the chief of CABEI said they will be select a first-rate technical team that would work with the Salvadorian government to implement the changes. Mossi said, The signal
The post CABEI Comes to El Salvador’s Rescue Amid IMF Concerns, Offers to Assist in BTC Implementation appeared first on Coingape.
Small Bitcoin Transfers In El Salvador Have Surged
El Salvador, where Bitcoin is being embraced on an unprecedented level, has seen BTC transfers under $1,000 surge this year.
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Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans
Last week, El Salvador passed the historic Bitcoin law making it the first country to make Bitcoin a legal tender. Soon as the Bitcoin law comes into action in the next 90 days, merchants will start accepting it against their goods and services. However, the International Monetary Fund (IMF) raised objections citing legal and economic
The post Max Keiser Suggests El Salvador to Float Bitcoin ‘Volcano Bonds’ to Retire the IMF Loans appeared first on Coingape.
JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000
JP Morgan, the American multinational investment bank reacted to the recent adoption of Bitcoin as a legal tender by El Salvador. The bank compared the Central American nation’s move to dollarization in early 2000 by various countries. It also said the move seems growth-oriented. The bank released a note titled, ‘The Bitcoinization of El Salvador’
The post JP Morgan Compares El Salvador’s Bitcoin Adoption to Dollarization in Early 2000 appeared first on Coingape.
Weekly Report: El-Salvador Adopts Bitcoin as Legal Tender
Jack Dorsey hints Square may develop a BTC hardware wallet Square CEO Jack Dorsey…
The post Weekly Report: El-Salvador Adopts Bitcoin as Legal Tender appeared first on Coin Journal.
Binance Announces BTC Bonus For New El Salvador Customers
El Salvador, the Central American nation created history after passing a bill to make Bitcoin a legal tender in the country. Nayib Bukele, the President of the country also announced that they would welcome crypto companies to set up their offices and even grant citizenship to those ready to invest three Bitcoin in the country.
The post Binance Announces BTC Bonus For New El Salvador Customers appeared first on Coingape.
The Conundrum Of Bitcoin Legal Tender Laws
The adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level.
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IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender
International Monetary Fund (IMF) has raised concerns over El Salvador’s adoption of Bitcoin as a legal tender. It said Bitcoin poses macroeconomics, financial and legal issues. IMF’s statement comes ahead of its meeting with Salvadoran president Bukele later On Thursday. Gerry Rice, an IMF spokesman said, “Adoption of bitcoin as legal tender raises several macroeconomic,
The post IMF Raises Concern Over El Salvador’s Adoption of Bitcoin as Legal Tender appeared first on Coingape.
El Salvador President Invites Bitcoin Miners To Utilize Volcano Energy
Nayib Bukele, the president of El Salvador, invited bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.
Read More El Salvador President Plans to Mine BTC Using Volcanoes
President Nayib Bukele has announced that the country will be looking at mining BTC through the use of volcanos following the digital asset becoming legal tender in the country.
The post El Salvador President Plans to Mine BTC Using Volcanoes appeared first on BeInCrypto.
El Salvador Approves Law Making Bitcoin Legal Tender
The president of El Salvador announced that a law making bitcoin legal tender has been approved, providing details about what this will mean.
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Top Economist Calls Bitcoin As Legal Tender “Stupid”. Here’s why he’s wrong.
Let’s not kid ourselves, a person like Steve Hanke has enormous incentives to defend the status quo. He’s benefited tremendously from it. It could be argued that his livelihood depends on Bitcoin failing. A project to make it legal tender in any country goes directly against Hanke’s interests, and it’s no wonder he spoke against […]
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