Tag: el salvador bitcoin

Sep 29 2021

El Salvador: Building of the most awaited volcanic geothermal Bitcoin mining facility begins

Sep 29 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

El Salvador’s President, Nayib Bukele announced on Twitter that the country has begun the building of its formerly promised, volcanic geothermal Bitcoin mining facility. Earlier this year, in June, President Bukele revealed that the government had instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities that will The post El Salvador: Building of the most...

Sep 17 2021

El Salvador: Government faces investigation into Bitcoin Trust’s expenditure

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts The post El Salvador: Government faces investigation into...

Sep 16 2021

El Salvador: Enraged Protesters burn down Bitcoin ATM

Sep 16 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

El Salvador’s native newspaper La Prensa Gráfica (LPG) shared a traumatizing video on its Twitter handle, displaying the Anti-Bitcoin protests running violently with an on-fire Bitcoin ATM captured by the publication. La actividad en el centro histórico de San Salvador transcurre sin sobresaltos mientras un cajero Chivo es consumido por el fuego tras las manifestaciones The post El Salvador: Enraged Protesters burn down...

Sep 08 2021

Sep 07 2021

El Salvador creates history after buying 400 Bitcoin (BTC)

El Salvador’s President Nayib Bukele has revealed that the Central American country has successfully purchased 200 units of Bitcoin in a tweet on Monday. This makes the country the first government in the world to invest in the crypto space. Bitcoin for...

Sep 03 2021

Aug 19 2021

Breaking: El Salvador Releases First Regulatory Draft For Banks Under Bitcoin Law

Aug 19 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

El Salvador created history on June 9 this year after passing a bill to make Bitcoin a legal tender. The small Central American nation has now released the first regulatory draft for banks under the Bitcoin law that is set to come into force from September 7. Banco Central de Reserva (BCR), the Central Bank The post Breaking: El Salvador Releases First Regulatory...

Aug 17 2021

Fitch Ratings Warns About This Negative Aspect of El Salvador’s Bitcoin (BTC) Adoption

Aug 17 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Fitch Ratings has joined the long line of opposition in regards to El Salvador’s Bitcoin Legal Tender. The global credit rating agency has alerted the nation of substantial risks post-BTC adoption. Fitch Ratings argue that BTC legal tender will cause credit negative for local insurance companies. This would mean, profits can quickly convert into losses The post Fitch Ratings Warns About This Negative...

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