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Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely collapse the economy. дальше »
2021-6-21 20:00 | |
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What governments don't realize is going to happen with Bitcoin
The news of El Salvador adopting Bitcoin as legal tender fueled disparate reactions from different corners of the world. While supporters of Bitcoin continue to laud this move, several regulators and The post What governments don't realize is going to happen with Bitcoin appeared first on AMBCrypto. дальше »
2021-6-20 23:30 | |
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Paraguay Follows El Salvador In Tabling Bitcoin Bill, The Crypto Revolution Is Happening
As confirmed by Paraguay’s National Deputy, Carlitos Rejala, plans are in place to discuss the formal legalization of Bitcoin next month. Since El Salvador took the progressive step of recognizing Bitcoin as legal tender, politicians from several other Latin American countries have also signaled a similar intent. So far, on the list of potentials to […] дальше »
2021-6-19 03:00 | |
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Steve Hanke Calls El Salvador’s President “Stupid” For Making Bitcoin Legal Tender
Steve Hanke has condemned the legalization of Bitcoin in El Salvador. The economist believes the decision will “completely collapse” El Salvador’s economy. He called the move “stupid.” His reasoning around this being that El Salvador is a dollarized nation and making Bitcoin legal tender would be detrimental to the economy. Professor Hanke was on Kitco […] дальше »
2021-6-19 02:30 | |
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El Salvador's Bitcoin adventure - Is everyone REALLY convinced?
El Salvador's latest quest to make Bitcoin a legal tender in the region was greeted with enthusiasm by many, especially since it was the first country to do so. The congressional hearing on the issuThe post El Salvador's Bitcoin adventure - Is everyone REALLY convinced? appeared first on AMBCrypto. дальше »
2021-6-19 02:30 | |
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“All The Way To $160K This Year” – Here’s Why Celsius CEO Is Upgrading His Bitcoin Price Target
CEO of Celsius Network, a leading crypto lending, and interest-yielding blockchain platform Alex Mashinsky has predicted that the price of Bitcoin looks on track to hit $160,000 by the end of 2021. Mashinsky supports his prognosis with recent events happening in the crypto community that saw El Salvador adopt Bitcoin as legal tender. He feels […] дальше »
2021-6-19 00:08 | |
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Paraguay to unveil Bitcoin legislations next month
Paraguay is set to unveil a crypto bill on the back of Bitcoin’s success story in El Salvador, a government official said this week. The post Paraguay to unveil Bitcoin legislations next month appeared first on CryptoSlate. дальше »
2021-6-18 12:00 | |
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Why Is Brock Pierce Leading An “Official Delegation of Bitcoin” In El Salvador?
Something is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An “Official Delegation of Bitcoin Ambassadors” reportedly met with President Bukele and other government officials. дальше »
2021-6-18 10:28 | |
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Camarasal Poll Shows Entrepreneurs Are Worried About Bitcoin Law in El Salvador
Camarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. дальше »
2021-6-18 09:30 | |
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Pundit Lampoons Bitcoiners For ‘Worshipping’ Elon Musk, Michael Saylor, and El Salvador President, Nayib Bukele
Popular Bitcoin developer, Johnathan Corgan, took to Twitter to express sordid displeasure over what he terms “the emergence of celebrity worship” in the Bitcoin sphere. Citing Elon Musk, Michael Saylor, and El-Salvador’s president Nayib Bukele, as the recently crowned demi-gods of the bitcoin blockchain, Corgan was quick to point out a growing trend of excessive […] дальше »
2021-6-17 21:23 | |
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World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency Issues
The World Bank has refused to provide technical assistance to El Salvador in implementing bitcoin as legal tender. The bank cited bitcoin’s “environmental and transparency shortcomings” as the reason. дальше »
2021-6-18 20:00 | |
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World Bank Turns Down El Salvador’s Request to Help Execute Bitcoin Plans
The World Bank has said that it would not be able to assist the El Salvadoran government with its plans to officially make bitcoin the country’s second legal tender. World Bank Not in Support of El Salvador’s Bitcoin Ambitions According to Reuters on Wednesday (June 16, 2021), the World Bank turned down El Salvador’s requestRead More дальше »
2021-6-17 19:00 | |
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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. дальше »
2021-6-17 18:11 | |
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World Bank Says ‘No’ to El Salvador’s Request on Bitcoin Implementation
The bank’s refusal to offer technical assistance has been pegged down on issues of… The post World Bank Says ‘No’ to El Salvador’s Request on Bitcoin Implementation appeared first on Coin Journal. дальше »
2021-6-18 17:49 | |
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World Bank Snubs El Salvador’s Request For Help With Integrating Bitcoin
The World Bank has rejected a request from El Salvador for assistance with its Bitcoin adoption plans, reports Reuters. The World Bank, an international financial institution that offers loans and grants to low-income countries, on Wednesday cited “environmental and transparency shortcomings” of Bitcoin as the reason for its turning down the request from El Salvador […] дальше »
2021-6-17 16:25 | |
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World Bank cites this as a Bitcoin issue for not helping El Salvador
The World Bank has rejected El Salvador's request to implement Bitcoin as legal tender. This decision was taken in light of the negative environmental effects of Bitcoin mining and transparency drawbaThe post World Bank cites this as a Bitcoin issue for not helping El Salvador appeared first on AMBCrypto. дальше »
2021-6-17 13:30 | |
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World Bank Denies El Salvador Assistance With Bitcoin Implementation
In an email sent on Wednesday, the World Bank said it cannot provide any assistance to El Salvador as the country implements bitcoin as legal tender. The post World Bank Denies El Salvador Assistance With Bitcoin Implementation appeared first on BeInCrypto. дальше »
2021-6-17 12:56 | |
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World Bank wants no part in El Salvador’s Bitcoin revolution
The World Bank has refused to assist El Salvador with integrating Bitcoin into its financial infrastructure, a report on Reuters said today. The post World Bank wants no part in El Salvador’s Bitcoin revolution appeared first on CryptoSlate. дальше »
2021-6-17 10:58 | |
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The World Bank under fire for refusing to help El Salvador switch to BTC
The World Bank came under fire recently after refusing to help El Salvador transition to adopt Bitcoin (BTC/USD) as legal tender — a decision that was announced only about a week ago by the country’s president. дальше »
2021-6-18 10:32 | |
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Central American Bank for Economic Integration to Help El Salvador Implement Bitcoin as Legal Tender
The Central American Bank for Economic Integration (CABEI), which has 15 member countries, will help El Salvador implement bitcoin as legal tender. The CABEI president has expressed his support. “We’re very optimistic,” he said. дальше »
2021-6-17 04:00 | |
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Bitcoin Beach Town in El Salvador Bustles With Growth After BTC Becomes Legal Tender
Ever since El Salvador passed a bill that was approved by a supermajority in the Salvadoran Congress legalizing bitcoin as legal tender in the nation, the country has remained in the spotlight. Furthermore, there’s an area in El Salvador called “Bitcoin Beach” with a small group of beach villagers that are attempting to leverage bitcoin […] дальше »
2021-6-17 00:30 | |
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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. дальше »
2021-6-17 21:43 | |
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Indonesia: Central bank gov. warns banks against 'not legitimate' cryptocurrencies
With people from the crypto-community rejoicing over El Salvador’s official Bitcoin adoption, skepticism from other nations has managed to re-surface, with Indonesia being the latest to voice concerThe post Indonesia: Central bank gov. дальше »
2021-6-16 20:30 | |
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Ethiopians Come Together to Get the Govt. of Africa’s Second-Most Populous Nation to Adopt Bitcoin
While central banks around the world are working on the digital version of their fiat currencies, El Salvador went ahead and declared Bitcoin legal tender. El Salvador has made the first move, and people in other countries now want their government to go the same route. дальше »
2021-6-17 19:22 | |
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These Countries Could Be the Next to Follow El Salvador’s Bitcoin Adoption Lead
It’s no news that El Salvador recently commenced its journey towards becoming a global hub for innovative technologies by approving bitcoin (BTC) as legal tender in the state and its success would no doubt spur more countries to join the cryptocurrency bandwagon. дальше »
2021-6-16 15:00 | |
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El Salvadorian government discusses paying salaries in Bitcoin (BTC)
Three El Salvadorian government ministries are discussing whether they should allow firms in the country to pay salaries in Bitcoin (BTC/USD). A report unveiled this news on June 15, citing El Salvador’s minister of Labour and Social Welfare, Rolando Castro. дальше »
2021-6-16 14:33 | |
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Why Nigeria Could Be The Next Nation To Embrace Bitcoin
There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation. дальше »
2021-6-16 20:52 | |
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How CABEI Will Support Implementation Of Bitcoin Law In El Salvador
Dante Mossi, president of The Central American Bank for Economic Integration (CABEI), confirmed in a press conference that the institution will support El Salvador’s efforts to enforce its Bitcoin Law. дальше »
2021-6-16 17:11 | |
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Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador
According to all metrics, El Salvador is all the rage right now. When the government announced that their citizens and all economic actors are legally allowed to use Bitcoin as legal tender, headlines all over the world reported on the news. дальше »
2021-6-15 07:27 | |
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Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. дальше »
2021-6-15 06:30 | |
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Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U. дальше »
2021-6-15 02:00 | |
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Tanzania’s President Calls For Central Banks To Work Towards Crypto Acceptance
Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […] дальше »
2021-6-14 20:23 | |
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Lightning Network Hits 1,500 BTC Capacity For the First Time as it Gains Traction in El Salvador
Bitcoin layer 2 payments solution Lightning Network that enables faster and cheaper transactions has grown to surpass the capacity of 1,500 BTC for the first time. Between the period of March 2019 and May 2020, the Lightning network capacity has been pretty stagnant, keeping between 800 and 1,100 BTC. дальше »
2021-6-14 19:11 | |
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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. дальше »
2021-6-14 18:37 | |
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Crypto Market update - Bitcoin is legal tender in El Salvador, Elon warms up...
Andy Pickering is here with a weekly crypto market update where we look through the volatile world of crypto Twitter to tease out the most important narratives and data points of the last week. And what a week it was, Andy looks at El Salvador’s decision to make Bitcoin legal tender, which countries might be next, and is Elon Musk warming back up to Bitcoin? дальше »
2021-6-14 04:30 | |
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Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador
The president of the European Central Bank (ECB), Christine Lagarde, has shared her view on El Salvador making bitcoin legal tender. She confirmed that the central bank’s policy on bitcoin and other cryptocurrencies has not changed. дальше »
2021-6-14 04:00 | |
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Crypto Market Forecast: Week of June 14th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong week as Elon Musk leaves the door open for Tesla to accept Bitcoin again, El Salvador makes Bitcoin legal tender in the country - and Ethereum transaction fees hit 6-month lows. дальше »
2021-6-14 04:00 | |
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Why NFL’s Russell Okung Asked Nigeria To Adopt The Bitcoin Standard
Following El Salvador’s decision to grant Bitcoin the status of legal tender, other government officials in the region have hinted at adopting similar measures. Most of the interest seems to have a source in developing countries. дальше »
2021-6-14 21:00 | |
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Bitcoinization: JPMorgan Notes ‘Similarly Situated’ Countries Could Make Bitcoin Legal Tender Like El Salvador
JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on […] дальше »
2021-6-13 04:30 | |
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