El Salvador

El Salvador legalized Bitcoin as legal tender in September. However, surveys show that the nation’s Bitcoin law didn’t sit well with the broader population. This was mainly due to misunderstandings and a lack of education on the asset. Paxful may be about to fix that. The peer-to-peer Bitcoin marketplace has just announced the launch of La Casa Del Bitcoin. The initiative is a Bitcoin educational and training center in the region. Getting Schooled On Bitcoin According to a press release, Paxful’s…

The International Monetary Fund (IMF) has re-stated its disapproval of El Salvador’s Bitcoin Law.  President Nayib Bukele responded with mockery over social media – as with all of his nation's critics. Even Edward Snowden called out the institution.  IMF Wags its Finger on Bitcoin The institution made its grievances public in a statement from its website on Tuesday. Though it recognized El Salvador’s economic solid recovery after the pandemic, it doesn’t think the Bitcoin law is helping:  “The adoption of…

While some market participants are panicking amid the recent crash, the most fervent HODLers buy the dip. For example, El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1…

Founder of one of the largest crypto lending sites thinks Bitcoin could reach $100,000 in 2022. That's because the Fed' won's stop printing money - making other countries turn to BTC. Antoni Trenchev, the co-founder of Nexo, one of the largest lending sites for crypto globally, shared his predictions for crypto. In the short interview, the Bulgarian businessman spoke about why he is bullish on Bitcoin. He also revealed why he thinks the "digital gold" could reach $100,000 in the middle of…

If you often read our articles, you will surely know that blockchain technology is one of the hottest trends on the market right now. The union of its decentralized nature with a clever data encryption mechanism makes it so that Web3 may be close to replacing Web2.  Although the enormous potential of this new tool is clear to many, understanding its exact future applications is complex. When the internet came out, no one imagined that we would be able to…

El Salvador is buying more Bitcoin - this time, for the meme. Nayib Bukele, President of El Salvador, said that the country is buying 21 BTC - to mark a special occasion. In particular, Tuesday marked the 21st day of the 21st year of the 21st century. https://twitter.com/nayibbukele/status/1473489844521385985 The Bitcoin transaction in question happened on 21/21/2021 at 9 PM and amounted to 21 Bitcoin. The eccentric president also pointed out that El Salvador's size is 21,000 km2. Coincidence? I don’t…

Ethereum’s founder just called The Bitcoin Law “reckless” and opposed to freedom. But it’s the most practical way forward for the well-being of El Salvador. The Article 7 Controversy On June 9th, 2021, El Salvador made world history by passing a digital currency, Bitcoin, as legal tender alongside the US Dollar. President Nayib Bukele and Strike developer Jack Mallers announced the law at the twelve thousand-person Bitcoin conference. The crowd received the news with thunderous applause, and congress cast an…

El Salvador has continued to stay fresh among crypto investors. The country made a landmark decision to approve Bitcoin as a legal tender earlier this month. However, El Salvador isn’t stopping there. The government has found another frontier to conquer - the mining space. Turning Volcanoes to Money On Tuesday, El Salvador’s president Nayibb Bukele teased a coming geothermal crypto mining operation. Bukele shared a video on Twitter. In it, he revealed progress with work on the facility. The proposed…

According to President Nayib Bukele, more than 2.1 million Salvadoran citizens are using the Chivo Bitcoin wallet. The mass adoption has more users than any bank in El Salvador. In approximately three weeks since parliament legalized Bitcoin in El Salvador, it has taken root in the economy. Bitcoin as a Legal Tender El Salvador is the smallest country in Central America but with a significant population. Earlier this year, it made history when it legalized Bitcoin as a legal tender…