The country’s Treasury acquired another 410 Bitcoins. Right now, the Central Bank of El Salvador has almost 1400 BTC on hand. On Saturday, the 22nd of January, the wider cryptocurrency market was down 8%. Investors have lost more than $350 billion in the crypto market so far on the second
The House of Representatives will get the bill by September or October. Considering long-term savings, the concern is Bitcoin’s benefits in remittances. Former Tonga MP Lord Fusitu’a has stated that the country’s legal tender law for Bitcoin is “modeled on” and “almost identical” to El Salvador, which has enacted a
Bitfinex is the bookmaker for the bonds. With a yield of 6.5 percent, the bond would be worth $1 billion. El Salvador became the world’s first country to recognize Bitcoin as legal cash in 2021 under President Nayib Bukele. Thanks to the legislation, volcano Bonds, a $1 billion Bitcoin bond
El Salvador plans to set up a Bitcoin city at the foot of a volcano. The $1 billion bond issue would support President Bukele’s Bitcoin City plan. El Salvador is the first nation to approve Bitcoin as legal money. Fears of instability and inflation sparked large-scale demonstrations in the Latin
Bitfinex alone has enough whales to fund the $1 Billion Bitcoin bond. El Salvador is currently at the forefront of Bitcoin initiatives. After being the first nation to do so, El Salvador quickly becomes the “capital of Bitcoin.” The nation plans to launch a revolutionary project named the “Bitcoin City”
Colombia is a restrictive country with a legal environment for digital currencies as it is a big deal to operate crypto businesses within the country. Besides, all the banking institutions are prohibited to provide funds for cryptocurrency firms. Colombia is not a crypto friendly country in comparison to other African
Volaris airline accepts BTC payments in El Salvador. President of El Salvador, Nayib Bukele announced it officially on Tuesday. Volaris becomes 1st airline in the world to accept BTC payments. The complete implementation of El Salvador on accepting Bitcoin (BTC) as one of its legal tender, has completely revolutionized the
JP Morgan points out the behind the scenes of BTC’s recent surges . Liquidations upon BTC have increased over the past few weeks. BTC legal tender adoption by El Salvador owes to be one major reason. The Bitcoin (BTC) shook the whole crypto industry on October 6, after peeking its
Teething difficulties plagued El Salvador’s historical acceptance of bitcoin as legal money on Tuesday. A furious protest of suspects, technological difficulties, and a dip in the crisis masked the deployment. The daring attempt began when Salvadoran President Nayib Bukele protested soon after midnight. That the government-funded bitcoin software was not
Bitcoin is evolving as a prominent asset in financial institutions. The probability of Bitcoin users is high in range and the trend of BTC has hit differently overcoming many challenges. The Bank of America has come up with the idea of adopting Bitcoin as legal tender in El Salvador as
