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Gang Violence Surging as Crypto Crashes in Bitcoin Country

Bitcoin’s precipitous fall has occurred at the same time as rising violence in El Salvador, the country that adopted BTC as legal tender under its blockchain-loving president. As Politico reports, Salvadoran President Nayib Bukele was unable to attend April’s big crypto conference in Miami because of gang violence that led to the largest single-day murder rate […] дальше »

2022-5-14 23:15


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El Salvador Authorities Greenlight $150 Million Bitcoin Integration Fund

Salvadoran lawmakers have approved a bill aimed at setting up a $150 million fund that would facilitate the country’s bitcoin (BTC) integration project. A total of 64 Salvadoran Congressmen voted in favor of the bill while 14 members opposed it, according to a Reuters report on August 31, 2021. El Salvador Sets Aside $150 mIllionRead More дальше »

2021-9-1 19:00


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El Salvador Progresses With Volcano-Powered Bitcoin Mining Plan

The El Salvadoran government seems to be pushing ahead with its plans for bitcoin mining in the country, which would see the use of geothermal energy to power BTC mining activities in the country.  Geothermal Energy for Bitcoin Mining Still in Place El Salvador President Nayib Bukele in a tweet on Wednesday (June 23, 2021),Read More дальше »

2021-6-23 17:00


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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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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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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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Groundbreaking Bill Giving Bitcoin Legal Tender Status Officially Passed In El Salvador

With 62 votes a few hours ago, the Salvadoran Congress has approved the bill introduced by president Nayib Bukele to adopt bitcoin as the country’s legal tender. As ZyCrypto reported earlier, Bukele announced during the Bitcoin 2021 Miami Conference that he was considering sending a bill to Congress to make the world’s oldest cryptocurrency the […] дальше »

2021-6-10 19:27