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El Salavador
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El Salavador
Bitcoin News

Second Consecutive Crash Day Extends Investor Loses Over $350 Billion, El Salvador Buys the Dip

On Frida, January 21, the broader cryptocurrency market extended further losses tanking another 8%. This is the second consecutive day of heavy selling in the crypto space as investors lose more than $350 billion in cumulative wealth. As of press time, Bitcoin is down 7.38% and is currently trading at $36,611 with a market cap

On Frida, January 21, the broader cryptocurrency market extended further losses tanking another 8%. This is the second consecutive day of heavy selling in the crypto space as investors lose more than $350 billion in cumulative wealth. As of press time, Bitcoin is down 7.38% and is currently trading at $36,611 with a market cap

Will Turkey Follow El Salvador to Legalize Bitcoin (BTC) Tender?
Bitcoin News
Will Turkey Follow El Salvador to Legalize Bitcoin (BTC) Tender?
Bitcoin News

Will Turkey Follow El Salvador to Legalize Bitcoin (BTC) Tender?

El Salvador’s President Nayib Bukele arrived in Turkey Thursday to meet President Recep Tayyip Erdoğan in a bid to foster alliance and investment in the Central American country. Just before arriving Bukele had tweeted, “This Thursday, on a State Visit, I’ll hold a meeting with Recep Tayyip Erdoğan, President of Turkey.” Speculations and memes started

El Salvador’s President Nayib Bukele arrived in Turkey Thursday to meet President Recep Tayyip Erdoğan in a bid to foster alliance and investment in the Central American country. Just before arriving Bukele had tweeted, “This Thursday, on a State Visit, I’ll hold a meeting with Recep Tayyip Erdoğan, President of Turkey.” Speculations and memes started

President Nayib Bukele takes a dig at Steve Hanke
Bitcoin News
President Nayib Bukele takes a dig at Steve Hanke
Bitcoin News

Moody’s Confirms El Salvador’s Ratings Unchanged After President Bukele’s Reactive Tweet

El Salvador President Nayib Bukele took on Twitter on Sunday, January 17, responding to a warning from rating agency Moody’s. However, Moody’s has confirmed that the Central American country’s ratings remain unchanged. President Nayib Bukele Tweeted: “BREAKING: EL SALVADOR DGAF” which means “don’t give a fuck”. President Bukele was responding to a tweet from Investing.com.

El Salvador President Nayib Bukele took on Twitter on Sunday, January 17, responding to a warning from rating agency Moody’s. However, Moody’s has confirmed that the Central American country’s ratings remain unchanged. President Nayib Bukele Tweeted: “BREAKING: EL SALVADOR DGAF” which means “don’t give a fuck”. President Bukele was responding to a tweet from Investing.com.

Bitcoin has seen another 4% dip within the last 24 hours, taking down the global crypto market capitalization with it.
Bitcoin News
Bitcoin has seen another 4% dip within the last 24 hours, taking down the global crypto market capitalization with it.
Bitcoin News

Bitcoin News: El Salvador’s BTC Sees An Erosion Of Values Worth $12 Million In Public Funds

El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and things are turning to worse in 2022 with the value of BTC tanking. BTC saw an overall decline of 17.5% over a few weeks. The bitcoins held by

El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and things are turning to worse in 2022 with the value of BTC tanking. BTC saw an overall decline of 17.5% over a few weeks. The bitcoins held by

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador President expects Bitcoin ($BTC) to touch $100k this year

The pro-Bitcoin Salvadoran President, Nayib Bukele is back at it with his optimistic predictions for the OG cryptocurrency in 2022. President Bukele took to Twitter on the second day of the new year declaring his expectations for Bitcoin this year. He noted that BTC will reach the exceptional $100k mark along with achieving legal tender

The pro-Bitcoin Salvadoran President, Nayib Bukele is back at it with his optimistic predictions for the OG cryptocurrency in 2022. President Bukele took to Twitter on the second day of the new year declaring his expectations for Bitcoin this year. He noted that BTC will reach the exceptional $100k mark along with achieving legal tender

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador President asserts Bitcoin (BTC) mass adoption as “game over for FIAT”

The Salvadoran President, Nayib Bukele took to Twitter yet again to reinstate Bitcoin’s dominance, however this time around he also asserted that once Bitcoin mass adoption is complete, “it’s game over for FIAT”. President Bukele has maintained a permanent slot in news headlines given his consistent Bitcoin purchases, along with absolutist pro-Bitcoin stances. In his

The Salvadoran President, Nayib Bukele took to Twitter yet again to reinstate Bitcoin’s dominance, however this time around he also asserted that once Bitcoin mass adoption is complete, “it’s game over for FIAT”. President Bukele has maintained a permanent slot in news headlines given his consistent Bitcoin purchases, along with absolutist pro-Bitcoin stances. In his

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador: Bitcoin profits to sponsor 20 schools and a hospital

The latest development in El Salvador’s Bitcoin Legal Tender saw the President, Nayib Bukele retweet several threads by the Press Secretary of the Presidency’s Twitter account, announcing that any profits from the purchase of Bitcoin will be put towards building 20 schools and a veterinary hospital. Furthermore, he also announced that the hospital will generate

The latest development in El Salvador’s Bitcoin Legal Tender saw the President, Nayib Bukele retweet several threads by the Press Secretary of the Presidency’s Twitter account, announcing that any profits from the purchase of Bitcoin will be put towards building 20 schools and a veterinary hospital. Furthermore, he also announced that the hospital will generate

El Salavador
Bitcoin News
El Salavador
Bitcoin News

El Salvador Buys the Bitcoin Dip Adding More 420 BTC to the Treasury

On Wednesday, October 27, Bitcoin (BTC) and the overall cryptocurrency market entered a strong correction with the BTC price slipping under $60,000 levels. Citing some opportunity here, the Latin American nation El Salvador bought the Bitcoin dip adding 420 Bitcoins worth $25 million to the Treasury. “It was a long wait, but worth it. We

On Wednesday, October 27, Bitcoin (BTC) and the overall cryptocurrency market entered a strong correction with the BTC price slipping under $60,000 levels. Citing some opportunity here, the Latin American nation El Salvador bought the Bitcoin dip adding 420 Bitcoins worth $25 million to the Treasury. “It was a long wait, but worth it. We

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador: Building of the most awaited volcanic geothermal Bitcoin mining facility begins

El Salvador’s President, Nayib Bukele announced on Twitter that the country has begun the building of its formerly promised, volcanic geothermal Bitcoin mining facility. Earlier this year, in June, President Bukele revealed that the government had instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities that will

El Salvador’s President, Nayib Bukele announced on Twitter that the country has begun the building of its formerly promised, volcanic geothermal Bitcoin mining facility. Earlier this year, in June, President Bukele revealed that the government had instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities that will

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador: Government faces investigation into Bitcoin Trust’s expenditure

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador: Enraged Protesters burn down Bitcoin ATM

El Salvador’s native newspaper La Prensa Gráfica (LPG) shared a traumatizing video on its Twitter handle, displaying the Anti-Bitcoin protests running violently with an on-fire Bitcoin ATM captured by the publication. La actividad en el centro histórico de San Salvador transcurre sin sobresaltos mientras un cajero Chivo es consumido por el fuego tras las manifestaciones

El Salvador’s native newspaper La Prensa Gráfica (LPG) shared a traumatizing video on its Twitter handle, displaying the Anti-Bitcoin protests running violently with an on-fire Bitcoin ATM captured by the publication. La actividad en el centro histórico de San Salvador transcurre sin sobresaltos mientras un cajero Chivo es consumido por el fuego tras las manifestaciones

bitcoin
Bitcoin News
bitcoin
Bitcoin News

Over $4 Billion In OI Cleared As BTC Price Falls to $42k, Are Bears Back in Game?

A major bloodbath has ensued on Satoshi Street on Tuesday, September 7, as the overall cryptocurrency market loses over $200 billion in a matter of a few hours. Bitcoin (BTC), the world’s largest cryptocurrency corrected 12% after making a move above $51,500 levels. As on-chain data provider Glassnode reports, the sharp BTC correction led to

A major bloodbath has ensued on Satoshi Street on Tuesday, September 7, as the overall cryptocurrency market loses over $200 billion in a matter of a few hours. Bitcoin (BTC), the world’s largest cryptocurrency corrected 12% after making a move above $51,500 levels. As on-chain data provider Glassnode reports, the sharp BTC correction led to

Bitcoin News
Bitcoin News

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

Panama is reportedly working on a crypto regulation that might legalize Bitcoin ($BTC) and Ethereum ($ETH) as legal modes of payment. Panamanian Congressman Gabriel Silva took to Twitter to announce that they have introduced a Crypto Law in the parliament in hopes of making the country compatible with blockchain and crypto assets and bringing more

Panama is reportedly working on a crypto regulation that might legalize Bitcoin ($BTC) and Ethereum ($ETH) as legal modes of payment. Panamanian Congressman Gabriel Silva took to Twitter to announce that they have introduced a Crypto Law in the parliament in hopes of making the country compatible with blockchain and crypto assets and bringing more

El Salavador
Bitcoin News
El Salavador
Bitcoin News

Survey reveals, nearly 68% Salvador citizens oppose Bitcoin (BTC) adoption

A recent poll by the Central American University (UCA), a Jesuit university based in El Salvador, revealed that the majority of Salvadorans are against Bitcoin (BTC) legal tender adoption in the nation. While the massive 67.9% out of the 1,281 surveyed, had displayed strong disagreement with the use of bitcoin as a legal tender. At

A recent poll by the Central American University (UCA), a Jesuit university based in El Salvador, revealed that the majority of Salvadorans are against Bitcoin (BTC) legal tender adoption in the nation. While the massive 67.9% out of the 1,281 surveyed, had displayed strong disagreement with the use of bitcoin as a legal tender. At

El Salvador
Bitcoin News
El Salvador
Bitcoin News

Breaking: El Salvador Releases First Regulatory Draft For Banks Under Bitcoin Law

El Salvador created history on June 9 this year after passing a bill to make Bitcoin a legal tender. The small Central American nation has now released the first regulatory draft for banks under the Bitcoin law that is set to come into force from September 7. Banco Central de Reserva (BCR), the Central Bank

El Salvador created history on June 9 this year after passing a bill to make Bitcoin a legal tender. The small Central American nation has now released the first regulatory draft for banks under the Bitcoin law that is set to come into force from September 7. Banco Central de Reserva (BCR), the Central Bank

BTC Adoption
Bitcoin News
BTC Adoption
Bitcoin News

Fitch Ratings Warns About This Negative Aspect of El Salvador’s Bitcoin (BTC) Adoption

Fitch Ratings has joined the long line of opposition in regards to El Salvador’s Bitcoin Legal Tender. The global credit rating agency has alerted the nation of substantial risks post-BTC adoption. Fitch Ratings argue that BTC legal tender will cause credit negative for local insurance companies. This would mean, profits can quickly convert into losses

Fitch Ratings has joined the long line of opposition in regards to El Salvador’s Bitcoin Legal Tender. The global credit rating agency has alerted the nation of substantial risks post-BTC adoption. Fitch Ratings argue that BTC legal tender will cause credit negative for local insurance companies. This would mean, profits can quickly convert into losses

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador’s $1 Billion Financing Plans From IMF On Hinges Amid Bitcoin Adoption

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

The recent adoption of Bitcoin as a legal tender by the Latin American nation El Salvador has not gone well with global financial agencies like the IMF. Now, as the Latin American nation struggles to navigate through the economic downturn caused by the COVID-19 pandemic, its $1 billion financing plan from the International Monetary Fund

El Salvador
Bitcoin News
El Salvador
Bitcoin News

El Salvador President Announces Bitcoin Airdrop Program for Citizens

El Salvador the first country to make Bitcoin a legal tender on June 9 is all set to airdrop bitcoin for citizens to promote its use. President Nayib Bukele in a state address announced they would be airdropping $30 worth of Bitcoin for every registered user in association with a mobile wallet service provider Chivo.

El Salvador the first country to make Bitcoin a legal tender on June 9 is all set to airdrop bitcoin for citizens to promote its use. President Nayib Bukele in a state address announced they would be airdropping $30 worth of Bitcoin for every registered user in association with a mobile wallet service provider Chivo.