2021-7-10 07:00 |
More than half of Salvadorans surveyed don’t seem as keen as their president to adopt Bitcoin.
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President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready to be paid in crypto.
2021-7-10 01:00 | |
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The IMF wants El Salvador to limit “public sector exposure to Bitcoin” The financial agency’s remarks follow an August statement, which talked about “mitigat[ing] the risks from Bitcoin” The International Monetary Fund (IMF) has recommended that El Salvador reduce the scope of its Bitcoin law and limit the public’s exposure to Bitcoin.
In a recent interview with TIME, Nayib Bukele, El Salvador’s pro-Bitcoin president, assessed the impact of his plan to position the country as a hub for the largest cryptocurrency on the market.
El Salvador’s President, Nayib Bukele, defended his country’s groundbreaking decision to adopt Bitcoin as legal tender, emphasizing its impact on the nation’s global image and economic opportunities.
A cold wallet reportedly owned by the Salvadoran government has been buying one Bitcoin everyday since March 16, adding 162 coins to the country’s Bitcoin holdings. Data from blockchain analytics platform Arkham Intelligence shows that the address, marked as El…
The U.S. has a long history of selling Bitcoin — with incredibly bad timing. It might have ended up losing out on billions of dollars as a result. It’s weird to think that — until very recently anyway — the…
El Salvador taps volcano geothermal energy to mine 474 bitcoins worth $29 million, showcasing renewable Bitcoin mining possibilities.
The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.