El Salvador Financial News

Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor.

The bill regulating the cryptocurrency market in Brazil is expected to be approved by the National Congress in the first half of this year, according to Cointelegraph Brazil.

The crypto exchange Bitfinex and the USDT issuer Tether have set up a crypto relief fund to aid the families of the people affected by the gang-related violence in El Salvador – although the government’s controversial crackdown on gang crime continues to intensify in the country.

60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10.

Bitcoin and other cryptocurrencies have become legal tender in a special economic zone on an island on Honduras' Caribbean coast, officials said.

Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption. 

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Bitcoin entrepreneur Samson Mow on Thursday said he has created a new company called Jan3 focused on promoting bitcoin adoption, adding that the firm has signed a memorandum of understanding to develop digital infrastructure in El Salvador.

The island of Roatán in Honduras and Portugal’s Madeira region are both set to “adopt bitcoin,” while a Mexican senator hinted that new talks about making bitcoin legal tender in this country about to begin.

Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions.

International bitcoiners will be turning their eyes to El Salvador again this week – but some are concerned that government’s aggressive recent crackdown on gang crime could undermine its standing in the bitcoin (BTC) community.

Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency.

Starbucks, an American multinational chain of coffeehouses, aims to enter the non-fungible token (NFT) business by the end of the year.

Rise of cryptocurrency has led to investors joining the new industry due to lure of making profits

MicroStrategy CEO and Bitcoin permabull, Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds. 

The financial markets of the world are not ready for bonds backed by bitcoin (BTC) yet, according to the CEO of the enterprise software firm MicroStrategy, Michael Saylor. However, El Salvador’s planned “volcano bonds” could be a different story.

The crypto exchange Bitfinex, which will host the issuance of El Salvador’s much-talked-about bitcoin (BTC) bonds, says that it has already received “half a billion dollars” worth of interest in the offering from its customers.

Is the race on? This is a question that at least some people have been asking ever since El Salvador made bitcoin (BTC) legal tender in September, and with the Swiss city of Lugano doing essentially the same thing at the beginning of March, it’s arguably only a matter of time before other countries rush to embrace bitcoin.

A number of crypto-investors, analysts, and even several governments thought that El Salvador would lead the international community in the mass adoption of Bitcoin. However, reactions have been mixed since the flagship coin was first recognized as legal tender six months ago.

Now, the big question is, should you be drawing your salary in the form of crypto? Bitcoin has grown extremely popular over the past few years with countries like El Salvador adopting them as legal tender. This has pushed many companies and individuals towards using cryptocurrencies as alternatives to traditional money as it is free from large fees and regulations, complex taxation, and so on. However, if you are planning to look at crypto as an alternative to traditional money as your paycheck, here are some important things you’ll need to evaluate. Crypto as legal tender India received some clarity on cryptocurrency this year, when the government clarified that it might have value but will not be legal tender (just like commodities such as gold and diamonds that have value of their own, but are not legal tender).

While crypto markets are still in a state of “fear,” as evidenced by Bitcoin’s Fear & Greed Index, the industry as a whole is giving us reasons to be bullish. Large venture funding rounds, growing adoption of decentralized governance models and new institutional-grade product offerings suggest that crypto is more than just daily chart patterns.