Articles filed under
El Salvador
8 articles
Crypto and NFT Market Update – May 10th
Welcome to The Daily Forkast – May 10th, 2023 – presented by Jeff Cheung for the latest in the crypto markets. Bitcoin has seen a slight increase in its price tag as congestion in the Bitcoin networks eases, dropping transaction fees at the same time. However, the NFT markets are still looking a little gloomy […]
Bitcoin transaction fees surge, El Salvador users suffer consequences
Skyrocketing activity has led to a surge in average Bitcoin transaction fees — which rose to US$31.15 as of March 8 — exerting increasing pressure on users in low- and middle- income economies including Bitcoin-reliant communities in El Salvador, the first country to implement mass adoption of the digital currency.
El Salvador to establish ‘Bitcoin Embassy’ in Texas to promote adoption of digital assets
El Salvador, the first country in the world to make Bitcoin legal tender, is planning on opening a “Bitcoin embassy” in Texas.
El Salvador establishes legal framework for all cryptocurrencies
El Salvador has passed landmark legislation that establishes a legal framework for all cryptocurrencies to build on the country’s “first-mover advantage.”
Argentine province Mendoza to accept cryptocurrency as payment for taxes
The western Argentine province of Mendoza — the fifth most populous in the country — now accepts cryptocurrency as a payment option for taxes, the Mendoza Tax Administration (ATM) announced on Saturday. See related article: El Salvador’s Bitcoin adoption, one week on Fast facts Mendoza’s roughly 2 million residents will now be able to pay […]
Bitcoin investments will grow ‘immensely’: El Salvador president
El Salvador President Nayib Bukele took to Twitter on Sunday to reassure Bitcoin investors, claiming such investments are safe and will grow “immensely” after the bear market. See related article: El Salvador’s Bitcoin adoption, one week on Fast facts “My advice: stop looking at the graph and enjoy life. If you invested in #BTC your […]
Why the IMF is wrong about El Salvador’s Bitcoin experiment
Is El Salvador committing a major blunder in making Bitcoin legal tender — or finding its way out of the hell of dollarization? Bryan Hernandez explains.
El Salvador snaps up US$15 mln in Bitcoin after price plunge
El Salvador this week bought 500 Bitcoins for US$15.37 million, taking advantage of a sharp price decline to add to its holdings of the cryptocurrency, which is also legal tender in the Central American country. See related article: El Salvador to build world’s first ‘Bitcoin City’ to be powered by volcanoes Fast facts “El Salvador […]