El Salvador mines 474 Bitcoin using geothermal volcanic energy
El Salvador currently holds 5,750 BTC worth $354 million, accumulated over three years.This post was originally published on this site
El Salvador launches $360M Bitcoin Treasury monitoring website
El Salvador was the first country to adopt Bitcoin as legal tender back in 2021 and now holds over 5,700 BTC.This post was originally published on this site
El Salvador launches $360M Bitcoin Treasury monitoring website
El Salvador was the first country to adopt Bitcoin as legal tender back in 2021 and now holds over 5,700 BTC.This post was originally published on this site
Bitcoin Reportedly Hindering El Salvador’s Credit Opportunities With the IMF
Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt payments and other obligations. El Salvador’s Bitcoin Allegiance Is Getting […]
El Salvador’s Bitcoiners teach 12-year-olds how to send sats
Over 25,000 students in El Salvador have learned about Bitcoin in the classroom. This post was originally published on this site
US Senators Reintroduce ‘Accountability for Cryptocurrency in El Salvador (ACES) Act’
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability […]
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s credit rating. Bolivia Passes Law […]
Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved in mass layoffs. Steve Hanke […]
Steve Hanke Blasts Bitcoin: It Is ‘Not a Currency’ and Has a ‘Fundamental Value of Zero’
Steve Hanke, professor of applied economics at Johns Hopkins University, has criticized bitcoin, stating it is not a currency. The economist, known for his vocal opinions about crypto and for the promotion of dollarization initiatives in Latam, blasted bitcoin, saying it has a “fundamental value of zero,” and that it is a “highly speculative asset.” […]
El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange
On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.” Ambassador Milena Mayorga Fosters Growing Relationship Between […]