Tag: el salvador

Dec 07 2021

From The Ground: DeLorme Tests El Salvador’s Fast Food Chains’ BTC Capabilities

Part two of thee of the From The Ground reports based on Stephen DeLorme’s phenomenal work. Here’s the first edition, but let’s recap. DeLorme is a designer who’s got a grant...

Dec 04 2021

Crypto Market’s Loss Turns El Salvador’s Gain, President Bukele Buys the Bitcoin (BTC) Dip Again

Dec 04 2021 Published at Coingape under tags  bitcoin bitcoin news btc btcbrl btcbusd

Saturday crypto market mayhem saw the valuation of top cryptocurrencies fall in double digits and the market cap fell by nearly 20%. Bitcoin (BTC) dropped to a 2-month low of $42.848 and its market cap fell below $1 trillion, Ethereum (ETH) also fell to a monthly low below $4,000. The crypto market bloodbath today might The post Crypto Market's Loss Turns El Salvador's...

From The Ground: Stephen DeLorme, A Hard-Core Bitcoiner, Talks To Salvadorans

This From The Ground report is gold. Stephen DeLorme visited El Salvador and got the information we needed. He talked to real people, experimented with different wallets, went to all kinds of commerces. His story is full of the confusion and angst that being the pioneer carries. El Salvador is going where no country has gone before. Its citizens are in for the...

Dec 03 2021

Nayib Bukele Responds To Bank Of England’s Bitcoin Criticism

El Salvador's bitcoin adoption caused a big stir in the world. It was almost a myth until the coin was signed into law as a means of payment. Then, the simple announcement alone shook the world, and the final launch became a hot topic. To say that many people and organizations came for Nayib is an understatement. The country's president received many insults,...

Nov 30 2021

From The Ground: Devastating Problems With The Chivo Wallet

During Bitcoin Week, reports of the Chivo Wallet stealing people’s Bitcoin reached a mainstream audience. Salvadorans have been dealing with the issue and reporting it to tech support for a while, without much luck. The international influencers that recently visited El Salvador have a much wider audience, and they are very confident that they know how to work the wallets....

Nov 27 2021

News From El Salvador, Late November: Post Bitcoin Week Report

Time to check back with El Salvador. During Bitcoin Week, it was so hectic down there that we didn’t know where to start. Everybody in the Bitcoin space visited San Salvador and El Zonte. The highlight was that President Bukele announced the project to build Bitcoin City...

El Salvador Buys 100 More Bitcoin

Nov 27 2021 Published at UseTheBitcoin under tags  bitcoin breaking crypto news el salvador

El Salvador, the first country in the world to make Bitcoin legal tender has purchased 100 Bitcoin on Friday. The information was officially announced by the President of […]

Nov 26 2021

Nov 24 2021

El Salvador Children's Hospital Receives Over 1 BTC Donation From US Nonprofit

The Liberland Aid Foundation donated over an entire bitcoin to the Benjamin Bloom National Children's Hospital.A major children’s hospital in El Salvador has received more than one bitcoin as a donation from a U.S.-based nonprofit.The Benjamin Bloom National Childrens’ Hospital provides essential care for children in need of intensive treatment in the Central American country.The...

The Emergence Of Bitcoin-Native Bonds

El Salvador is using a federated Bitcoin sidechain to issue a bond, a pivotal moment for Bitcoin’s evolution as a financial platform.The below is a direct excerpt of Marty's Bent Issue #1116: "The emergence of bitcoin native bonds." Sign up for the newsletter here....

USD-Denominated Debt Is Now Being Issued To Buy Bitcoin On Nation-State Level

The El Salvador and Blockstream partnership to issue cheap, U.S. dollar- denominated debt to directly buy bitcoin is a new version of speculative attack.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Nov 23 2021

$154 Million Reasons to Be Bullish

November 23, 2021 / Unchained Daily / Laura Shin Daily Bits...

Nov 22 2021

El Salvador To Issue 'Bitcoin Bond' On The Liquid Bitcoin Sidechain

The first country to adopt bitcoin as legal tender aims to raise $1 billion through bond issuance to purchase BTC and invest in infrastructure.El Salvador will issue $1 billion in bonds on Blockstream's Liquid Network, a federated Bitcoin sidechain, according to a statement sent to Bitcoin Magazine. The proceedings of the bonds will be split between a $500 million direct allocation...

El Salvador To Build The First Bitcoin City Using Tokenized Bitcoin Bonds

El Salvador seems to be looking to a future fully integrated with bitcoin. The country which had made history in September as the first sovereign nation to make bitcoin a legal tender has taken another step forward in its adoption of the cryptocurrency. After investing millions of dollars into BTC, El Salvador has announced the next phase of adoption of the digital asset....

El Salvador's President Nayib Bukele To Speak At Bitcoin 2022 Conference

Bukele will share his experience in pursuing a Bitcoin standard while challenging the assumptions of international bodies.The president of El Salvador, Nayib Bukele, will speak at the world's biggest Bitcoin conference, Bitcoin 2022 in Miami, Florida. The Central American leader will share his experience in leading his nation to become the first in the world to make bitcoin a legal tender and...

Nov 21 2021

El Salvador Announces Bitcoin City, Plans to Issue $1 Billion In Tokenized Bitcoin Bonds

Nov 21 2021 Published at Coingape under tags  bitcoin bonds bitcoin news btcbrl btcbusd btc.d

The Latin American country El Salvador has announced its plans to launch the world's first 'Bitcoin City'. Country President Nayib Bukele took the center stage at an event on Saturday, November 20. As per the announcement, Bitcoin City will be initially funded by Bitcoin bonds. Besides, the city planned to the east of the country The post El Salvador Announces Bitcoin City, Plans...

Nov 19 2021

LABitConf 2021 Day One Exceeded Expectations

Check out the latest from the Latin American Bitcoin and Blockchain Conference taking place in El Salvador. Photo Credit:...

Nov 18 2021

Max Keiser Speaks At Labitconf Bitcoin Conference In El Salvador

Keiser talked about the dark future enabled by CBDC and how Bitcoin can come to the rescue.Bitcoin evangelist Max Keiser got up on stage today at the Labitconf Bitcoin Conference in El Salvador to chat about the role central bank digital currencies (CBDCs) might play in the monetary future of our society and the associated implications for Bitcoin. The panel, moderated by...

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