El Salvador Buys the Dip as Bitcoin (BTC) Falls to $45k

President Nayib Bukele of El Salvador has announced via Twitter on September 20, 2021, that the country has purchased an extra 150 BTC, taking its total bitcoin holdings to 700. El Salvador Buys the Dip  Despite the backlashes, protests, and negative energy that has plagued El Salvador’s bitcoin adoption journey in recent weeks, it appears… Continue reading El Salvador Buys the Dip as Bitcoin (BTC) Falls to $45k

El Salvador acts on Bitcoin price dip and buys 150 BTC

Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities.  As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC,… Continue reading El Salvador acts on Bitcoin price dip and buys 150 BTC

El Salvador Blazed As A Trendsetter For National Crypto Adoption By Cardano's Hoskinson

El Salvador has set the tone and other nations to follow suit reckons Charles Hoskinson on the country’s  new Bitcoin law It’s no longer news that El Salvador has integrated Bitcoin as a national currency. The country has been the talk of Crypto-twitter for the most part of this year following the legalization of Bitcoin… Continue reading El Salvador Blazed As A Trendsetter For National Crypto Adoption By Cardano's Hoskinson

El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors

Authorities in El Salvador have revealed that bitcoin (BTC) and other cryptocurrency investors in the region will not be required to pay any form of taxes on their digital asset holdings even when they make huge profits. The move is part of ongoing plans to make the nation a hotbed for foreign crypto investors. El… Continue reading El Salvador Offers Tax Exemptions to Bitcoin (BTC) Investors

El Salvador's bonds suffer as Bitcoin Law takes effect

El Salvador’s move to embrace Bitcoin has ruffled the feathers of bond investors, with yields spiking as investors signal uncertainty for the emerging economy. A Sept. 8 report published by Bloomberg notes the yield curve on El Salvador’s bonds has recently inverted, meaning bonds with short-term maturities are now yielding more than is due from… Continue reading El Salvador's bonds suffer as Bitcoin Law takes effect

Cudos Network Partners with Elrond to Offer Decentralized Hosting for dApps

High-throughput, energy-efficient, internet-scale blockchain Elrond (EGLD) today announced a partnership layer-one blockchain and layer-two computation and oracle network Cudos Network The alliance will enable applications running on Cudos to connect to the Elrond Network as a settlement layer. Elrond Inks Partnership with Cudos Network Scalable smart contract platform Elrond Network today shared details about its… Continue reading Cudos Network Partners with Elrond to Offer Decentralized Hosting for dApps

More countries to follow El Salvador’s Bitcoin move, Cardano creator says

Following El Salvador’s historic adoption of Bitcoin (BTC) as legal tender on Tuesday, Cardano founder Charles Hoskinson predicted that a lot more countries will eventually follow in the Latin American nation’s footsteps. El Salvador’s Bitcoin acceptance further legitimizes the belief that people should be in control of their money, Hoskinson said in his “Congratulations Bitcoin”… Continue reading More countries to follow El Salvador’s Bitcoin move, Cardano creator says

El Salvador says merchants must process BTC transactions — Or they may face action

In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country’s controversial Bitcoin Law recognizing Bitcoin as legal tender took effect. The legal counsel to the president of El Salvador has stated that businesses are mandated to accept… Continue reading El Salvador says merchants must process BTC transactions — Or they may face action

Dems hit back against Texas elections law with flood of lawsuits minutes after Abbott signs it

Fox News Flash top headlines for September 7 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com. Just minutes after Texas Gov. Greg Abbott signed Texas’ new election law, several left-leaning groups announced lawsuits aimed at invalidating the legislation Texas Republicans consider a major victory for election security.  Democratic lawyer Marc… Continue reading Dems hit back against Texas elections law with flood of lawsuits minutes after Abbott signs it

El Salvador divided over making bitcoin legal tender

London (CNN Business)Regulators are worried about all the people plugging cryptocurrencies online. That includes Kim Kardashian, beauty and fashion mogul and influencer extraordinaire. Charles Randell, chair of the UK Financial Conduct Authority, called out Kardashian in a colorful speech Monday. He started out by suggesting that the internet was full of … excrement. “The Augean… Continue reading El Salvador divided over making bitcoin legal tender

El Salvador Buys 400 BTC as Bitcoin Law Goes Live

El Salvador has announced the purchase of 400 BTC, according to a tweet on September 7, 2021. The El Salvador Bitcoin Law introduced by President Nayib Bukele administration takes effect today, officially making it the first sovereign state to make bitcoin (BTC) a legal tender.  El Salvador Now Holds 400 BTC In a landmark victory… Continue reading El Salvador Buys 400 BTC as Bitcoin Law Goes Live

El Salvador Has Bought Its First $10 Million of Bitcoin

El Salvador has bought $10 million of Bitcoin, as revealed on the Twitter profile of the country’s president, Nayib Bukele. El Salvador Bought 200 BTC Bukele stated that the El Salvador government has purchased 200 BTC. The purchase was made in preparation for the country’s plans to make the cryptocurrency legal tender on Sept. 7.… Continue reading El Salvador Has Bought Its First $10 Million of Bitcoin

El Salvador purchases first 200 BTC, President Bukele confirms

El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender.  “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 timetable for… Continue reading El Salvador purchases first 200 BTC, President Bukele confirms

Legislative Assembly of El Salvador approves $150M Bitcoin Trust

El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country.  The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation. The Trust is designed to facilitate conversion of Bitcoin into U.S.… Continue reading Legislative Assembly of El Salvador approves $150M Bitcoin Trust

Legislative Assembly of El Salvador approves $150M Bitcoin Trust

El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country.  The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation. The Trust is designed to facilitate conversion of Bitcoin into U.S.… Continue reading Legislative Assembly of El Salvador approves $150M Bitcoin Trust

Remittance costs key to take-up of Salvadoran bitcoin plan -development bank

SAN SALVADOR (Reuters) – Central American countries are eagerly waiting to see if El Salvador’s adoption of bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, the region’s development bank said.Slideshow ( 2 images )President Nayib Bukele’s congressional allies have already approved legislation giving the… Continue reading Remittance costs key to take-up of Salvadoran bitcoin plan -development bank

El Salvador President Bukele Comments Ahead of Bitcoin (BTC) Law Implementation

President Nayib Bukele of El Salvador has reassured residents that the Bitcoin Law implementation scheduled for September 7 will have positive life-changing effects on the masses, contrary to the “lies” being spread by members of the opposition party, according to a Twitter thread on August 23, 2021. El Salvador’s Bitcoin Integration Push Goes On At… Continue reading El Salvador President Bukele Comments Ahead of Bitcoin (BTC) Law Implementation

El Salvador publishes draft regulations for banks handling BTC

Two months ago, El Salvador’s president announced that the country would be making BTC legal tender. Now, the South American country has published draft regulations to support the use of BTC in the country, specifically targeting the offering of the digital currency by commercial banks. Banco Central de Reserva (BCR), the central bank of El… Continue reading El Salvador publishes draft regulations for banks handling BTC

El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption

Nayib Bukele, the president of El Salvador and the principal figure behind the country’s adoption of Bitcoin (BTC), said residents will have the opportunity to convert their crypto to fiat immediately after Bitcoin is recognized as legal tender.  In a Sunday announcement on Twitter, Bukele said 4.5 million adults in El Salvador would have the option of… Continue reading El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption

Draft El Salvador Bitcoin banking regulations released

The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin. Two documents were released for consultation on Aug. 17 instructing banks and financial institutions how to offer Bitcoin-related services to their customers. The first, titled “Guidelines for the Authorization of Operation of the Digital… Continue reading Draft El Salvador Bitcoin banking regulations released

Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers

Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American nation. Citing the country’s lack of clarity in Bitcoin’s implementation in mainstream markets, Fitch Ratings warned about the inherent volatility and… Continue reading Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers

El Salvadorians take to the streets to protest Bitcoin law

Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender. A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country’s Bitcoin law.… Continue reading El Salvadorians take to the streets to protest Bitcoin law

Most El Salvador Citizens Not Keen on Accepting Bitcoin as Legal Tender

Following the legalization of bitcoin as legal tender in El Salvador, it appears that most of the country’s citizens are not enthusiastic about the government’s move to adopt bitcoin. El Salvadorans Skeptical About Bitcoin According to Reuters on Thursday (July 8, 2021), the thoughts of El Salvadorans about the government’s bitcoin plan were revealed in… Continue reading Most El Salvador Citizens Not Keen on Accepting Bitcoin as Legal Tender

After El Salvador, What Bitcoin Adoption Means For Africa

In its line-up after El Salvador signed into law legislation making Bitcoin its legal tender, Tanzania, an East African country with about 58 million citizens became the latest to express interest in embracing decentralized finance. This is after her president instructed the financial authorities to prepare for a disruption in the traditional financial system with… Continue reading After El Salvador, What Bitcoin Adoption Means For Africa