The Latin American country El Salvador is closer to realizing its dream of creating the Bitcoin City. As per reports, crypto exchange Bitfinex will issue the country's long-awaited...
El Salvador’s Legislative Assembly has approved the digital asset bill, setting the legal framework for issuing Bitcoin-backed bonds. In an announcement on Wednesday, the country’s Legislative Assembly said the Digital Assets Issuance Law had passed with 62 votes in favor....
A visit to Soyapango, one of El Salvador’s most impoverished slums, shows that the Bitcoin experiment isn’t reaching those who need it most.This is an opinion editorial by Rikki, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts. He is one half of the Bitcoin Explorers, along with Laura, who chronicle Bitcoin adoption around...
After a week in El Salvador, it’s clear that state-run Bitcoin adoption is a slow but critical foundation for revitalizing the country.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech- oriented Bitcoin podcast host.I recently spent a week in El Salvador to attend Adopting Bitcoin and decided it might be worthwhile to summarize my...
El Salvador's President has declared that starting Nov. 17, the country will purchase 1 BTC daily. El Salvador currently holds 2,381 BTC with a total investment of $103 million. El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several […] The post El Salvador to...
In the latest development, El Salvador Nayib Bukele announced that they will resume their Bitcoin purchases once again. In his recent tweet, President Nayib Bukele wrote: "...
After a very long, pro-Bitcoin El Salvador President Nayib Bukele gave a public interview with Tucker Carlson of Fox News. Under Bukele's administration, The LAtAM nation made Bitcoin a legal tender last year. Since then, the Latin American country has been accumulating Bitcoin as part of its Treasury. During his... Read more
Wait a minute, is River Financial involved in El Salvador’s bitcoin story? Since when? Apparently, the highly respected financial institution is now processing the Chivo Wallet’s Lightning transactions. Which seems like a step in the right direction, but also comes with seemingly unnecessary counterparty risk. Why isn’t El Salvador handling the operation internally? And, will River Financial improve the Chivo Wallet’s usability?...
El Salvador President Nayib Bukele is receiving criticism for seeking a second term. But should the Bitcoin community stand by him?This is an opinion editorial by Jaime García, a Salvadoran-Canadian Bitcoin and co-host of Global Bitcoin Fest.Many Bitcoiners regard El Salvador as a beacon of hope, as...
Alex Gladstein and Jaime Garcia debate the ethics of how President Nayib Bukele of El Salvador is leading the country and whether or not it is truly democratic.This is a full transcript of a recent Twitter Spaces debate between Alex Gladstein and Jaime Garcia about whether or not the President of El Salvador is enacting authoritarian policies....
The adoption of bitcoin as legal tender has introduced some controversy — but also undeniable benefits to the country.This is an opinion editorial by Gaby Vivas, an entrepreneur in Latin America providing outsourcing services worldwide and a long-term investor in bitcoin.El Salvador made history by becoming the first state to use bitcoin as legal tender when it was...
One year since adopting bitcoin as legal tender, El Salvador’s grand experiment is having a wide range of success.This is an opinion editorial by Jaime García, a Salvadoran-Canadian Bitcoin and co-host of Global Bitcoin Fest. Today marks El Salvador’s first anniversary since it...
The country has gone long on Bitcoin adoption as it attempts to overcome the monetary reigns of the IMF and United States.This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30.The United Fruit Company (AKA El Pulpo which means “the octopus”)...
Why the Bitcoin Law in El Salvador being reversed is more unlikely than you might think.This is an opinion editorial by Jeremy, an advisor to Escape to El Salvador which is a community of professionals who assist expats in gaining residency and citizenship in El Salvador.It has been wonderful to watch so many people visiting our beautiful country recently! They fall...
Morgan Stanley has expressed readiness to buy El Salvador bonds despite it being one of the worst performers this year, Bloomberg News reported. According to the report, El Salvador's $7.7 billion Eurobonds are performing poorly despite having better numbers than countries in a similar position. Simon Waever, a top...
It’s time for The New York Times’ worst lies about El Salvador. Also, for the newspaper’s counterpoint, in which they admittedly and commendably reflect favorable points of view. As we said in the previous article, “It’s important to remember that we’re less than a...
The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights. The title gives away The New York Times’ intentions...
El Salvador's president and Bitcoin fanatic, Nayib Bukele, doubled down on his country's sinking investment in the cryptocurrency by purchasing more than $1.5 million more on Friday. The Central American nation hogged the headlines last year when it became the first nation to recognize bitcoin as legal cash....
A slew of guests discuss the historic one-year anniversary of President Nayib Bukele announcing El Salvador’s plan to adopt bitcoin as legal tender.This is a recording of a recent Twitter Spaces conversation about the anniversary of the president of El Salvador announcing the country’s intention to make bitcoin legal tender.Listen To This Twitter Spaces:...
Jack Mallers announcing Bukele’s Bitcoin Law was a momentous occasion in history, not only for Bitcoin and El Salvador, but for the entire world.It was June 2021 in Miami. Thinking back to that day, I recall the crowds and lines: It was a hot summer afternoon, the first Bitcoin event I’d attended, and one of the first outings I’d been to in...
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