Tag: bitcoin acceptance

Oct 18 2021

News From El Salvador, Mid October: Bitcoin Earnings, Pet Hospital, Motorcycles

Time to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that. We’ll just present the facts, the tweets, and the photos. Can you believe everything the people we’re quoting say? Of course not. Everyone has an agenda. However, a clear picture is emerging. And...

Sep 02 2021

News From El Salvador, Early September: TV Spot, Chivo Leaks, And BTC Smiles

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain the technology clearly? Does the image below show...

Aug 28 2021

Latin America, Tipping Point: Cuba Regulates, Honduras ATM, Venezuela Spends

Is Latin America in the eye of the storm that’ll reshape the world? The region certainly benefits from the existence of Bitcoin and other cryptocurrencies. Latin America needs hedges against inflation and a quick and easy way to send remittances. The cheaper the fees, the better. And when you truly need something, you’re bound to understand it. You have bigger incentives to study,...

Aug 25 2021

Central American Bank For Economic Integration Bullish On Bukele’s Bitcoin Bet

As September 7th approaches, all the participants raise their heads. The Central American Bank For Economic Integration sat down with Reuters to discuss...

Aug 24 2021

President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

To respond to the opposition’s claims and announce several key aspects of his Bitcoin Law strategy, President Bukele used a tweetstorm. On September 7th, El Salvador’s Bitcoin experiment goes into full effect. The...

Aug 23 2021

National Review Vs. El Salvador: Can’t Criticize Bitcoin, Turns To Nayib Bukele

The National Review hosted notorious Bitcoin critic Steve Hanke as he turned his eye to a new target, President Nayib Bukele. Time and time again, Bitcoin proves this fiat-fueled economist wrong. However, his job depends on him finding ways to criticize El Salvador’s Bitcoin Law. Hanke’s...

Aug 15 2021

Crypto Corner: The Sports Slice

Both crypto and sports basically never sleep. If one sport is out of season, there's bound to be another in-season. When the stock market is closed, there's always a crypto chart that's moving. We're back with another weekly review of sports and crypto activity, with this week's "Sports Slice." Lionel Messi dominated the sports headlines this past week. So it's only right that...

Aug 12 2021

Lionel Messi Joins Paris Saint-Germain, And Crypto Comes With Him

Leo Messi's departure from Barcelona has dominated the sports headlines this week. Messi has not only been long-considered one of the best players on the planet in the game. He's also been part of the Barcelona organization for nearly two decades. While both Messi and Barcelona worked extensively to put together terms that would work for both parties to renew the superstar's deal,...

Aug 10 2021

AMC To Take Bitcoin As Payment For Movie Tickets By End Of Year

AMC Entertainment CEO Adam Aron shared on Monday's quarterly earnings call that the company is setting up IT logistics to support Bitcoin payments. Crypto is anticipated to be a supported method of payments at AMC theaters before the end of the year. Prepare The Popcorn Aron...

Aug 09 2021

Is The US Government Paving The Way For Bitcoin Adoption In the Future?

Governmental Bitcoin adoption seemed so far away just a year ago. All eyes are on the US Senate and the infrastructure draft bill. Opinions vary. Lobbying efforts abound. Two competing amendments try to fix its troublesome wording. Could a plan be in the works for some kind of formal Bitcoin adoption in the future? It seems unlikely. But a pseudonymous Bitcoin analyst presents...

Aug 07 2021

CNBC Is As Clueless About El Salvador’s Bitcoin Law As Most Mainstream Media

This analysis of the Bitcoin Law will not age well. In a recent episode of CNBC’s “Beyond The Valley” podcast, they tried to cover the risks inherent in El Salvador’s decision to make Bitcoin legal tender and failed miserably. This is a technology-focused specialized podcast. Could they be this clueless? Or did they have an agenda and tried to muddy the waters with...

Aug 06 2021

News From El Salvador, Early August: Optimism, Donations, And Meetups

The outpour of Bitcoin-related news from El Salvador, AKA Bitcoin Country, slowed down. It’s the calm before the storm. The Bitcoin Law goes into effect in September. Nevertheless, things are happening and Bitcoinist is here to report on them. Who else but us reports on the little things that add up and end up changing the world? Nobody else in the crypto-space, that’s...

Aug 02 2021

Bank Of America Sees Four Upsides In El Salvador’s Bitcoin Adoption

Bank Of America has said that it sees how El Salvador's adoption of Bitcoin could help the Island country. President Bukele Agrees With Bank Of America President Nayib Bukele of El Salvador, a Central American country, tweeted yesterday screenshots of a Bank of America economic outlook report (BofA). Along with...

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 28 2021

The American Press Vs. El Salvador: Forbes and Vice, Good Cop Bad Cop

Did El Salvador’s Bitcoin story lose steam? Perhaps. However, Forbes and Vice are on the case. The press is still monitoring the situation and Bitcoinist is still monitoring the press. With that dynamic in mind, we compiled the best and worse of the latest press coverage of El Salvador’s Bitcoin Law. You'll be offended. You'll be pleasantly surprised....

Jul 24 2021

Bitcoin Holders Among Young US Investors More Than Quadrupled, Gallup Poll Says

There’s still a long way to go, but analytics firm Gallup asked US investors about Bitcoin and got increasingly positive results. Slowly but surely, Bitcoin is reaching mainstream status. Gallup made a similar survey in 2018, and the compared data from both tells an interesting and bullish story. People with investable income are slowly waking up to the fact that there’s a new...

Jul 23 2021

EL Salvadorians Go On The Streets In Protest Against Adoption Of Bitcoin As Legal Tender

Despite a three-month restriction on protests, a group of El Salvadorians comprised of leftist unions, student organisations, and others gathered at the Legislative Assembly to denounce the country's acceptance of Bitcoin as its official currency. El Salvadorians Are Divided On Bitcoin Adoption A group of demonstrators gathered...

Jul 15 2021

Paraguay ’s Bill To Regulate “Crypto Assets” Misses The Point Entirely

Member of Paraguay 's parliament Carlos Rejala fooled the world with his laser eyes. His supposed “Bitcoin Law” proposal doesn’t even mention Bitcoin. Rejala heard about El Salvador’s news and attached himself to it trying to steal its thunder. He then deployed a Twitter marketing campaign with big promises and ended up disappointing the whole world. Related...

Jul 12 2021

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 10 2021

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

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