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PortuguêsIt might be the biggest story of 2021. Since El Salvador made Bitcoin legal tender, all eyes are on the Central American nation. The exclusive world-shattering news closed the Bitcoin…
Continue ReadingSteve 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…
Continue ReadingSomething 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…
Continue ReadingCamarasal, 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…
Continue ReadingRevealing misunderstandings, the World Bank has rejected El Salvador’s request for assistance in implementing a bitcoin standard. As reported by Reuters, the World Bank has responded negatively to El Salvador’s…
Continue ReadingNew tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that? For much…
Continue ReadingThe world bank has revealed that it has refused to assist El Salvador with the implementation of Bitcoin as legal tender. World Bank Turn Down Request Salvadoran Finance Minister Alejandro…
Continue ReadingThe World Bank has refused to support El Salvador’s request for help in the transition to use Bitcoin as legal tender. The World Bank has refused El Salvador’s request for…
Continue ReadingThe 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…
Continue ReadingEver 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…
Continue ReadingSince 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…
Continue ReadingSteve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. Steve Hanke, a professor of applied economics at Johns Hopkins University,…
Continue ReadingA 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars. Rolando Castro, the Minister of Labor and Social…
Continue ReadingWe are fast approaching sovereign state adoption as game theory plays out in front of bitcoiner’s eyes. This really feels like the “suddenly” part. A lot of work went into…
Continue ReadingThe Russian Foreign Minister Sergei Lavrov talked about the future importance of cryptocurrencies as an international settlements layer at the Primakov Readings Forum. Lavrov referred to these assets as having…
Continue ReadingTanzanian President Samia Suluhu Hassan has urged her country to be ready for emerging fintech by paving the way for cryptocurrencies. She also urged the country’s central bank to begin…
Continue ReadingAccording 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…
Continue ReadingA 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,…
Continue ReadingBitcoin 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…
Continue ReadingThere are several reasons why this bull market is set to continue, as reviewed in This Week In Bitcoin. This Week In Bitcoin is a new segment covering the events…
Continue ReadingEl Salvador, where Bitcoin is being embraced on an unprecedented level, has seen BTC transfers under $1,000 surge this year. With its president making it the first country to recognize…
Continue ReadingRemittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender. Despite El Salvador’s recently passed law mandating…
Continue ReadingJPMorgan 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…
Continue ReadingEl Salvador has become the first country to make Bitcoin legal tender, but what are the complexities and potential short-term effects? The cryptocurrency space and wider economic community continue to…
Continue ReadingAn official at the Bank for International Settlements (BIS) and former member of the executive board of the European Central Bank (ECB), Benoit Coeure, insists that bitcoin has not passed…
Continue ReadingJP Morgan says that El Salvador’s decision to adopt Bitcoin as legal tender is of little economic benefit. JPMorgan is the latest source to respond to El Salvador’s decision to…
Continue ReadingEl Salvador’s move to make Bitcoin legal tender in the country continues to elicit reactions from legacy finance gatekeepers — this time, from the Bank for International Settlements. Benoît Cœuré,…
Continue ReadingThe International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and…
Continue ReadingThe International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender. The International Monetary Fund has said El Salvador’s…
Continue ReadingThe adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level. Nayib Bukele, El Salvador’s laser-eyed President, shocked the world at the…
Continue ReadingNayib Bukele, the president of El Salvador, invited bitcoin miners to set up at a state-owned geothermal facility powered by a volcano. The President of El Salvador, Nayib Bukele, has…
Continue ReadingEl Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will…
Continue ReadingBitcoin market sentiments remain skewed to the downside even after it becomes a legal tender in El Salvador following a parliamentary nod. Bitcoin (BTC) logged its best daily performance on…
Continue ReadingBitcoin is heating up — some may say erupting — as the Latin American country plans to tap energy from volcanoes for mining the cryptocurrency. Nayib Bukele’s plans for crypto…
Continue ReadingEl Salvador accepting Bitcoin as legal tender is now forever etched on the blockchain as mining pool Poolin adds a newspaper headline to block 686,938. As is par for the…
Continue ReadingThe president of El Salvador announced that a law making bitcoin legal tender has been approved, providing details about what this will mean. According to an announcement from President Nayib…
Continue ReadingLet’s not kid ourselves, a person like Steve Hanke has enormous incentives to defend the status quo. He’s benefited tremendously from it. It could be argued that his livelihood depends…
Continue ReadingThe bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as…
Continue Reading“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he…
Continue ReadingThings are moving fast in El Salvador. Since president Nayib Bukele announced a proposal to make Bitcoin legal tender in the country, the whole world seems to be watching. Both…
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