El Salvador Financial News

02.02 / 16:09

Adoption wallet Bitcoin El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App

The Salvadoran government is attempting to reboot its Chivo bitcoin (BTC) app and wallet – by teaming up with the USA-based crypto firm AlphaPoint.

02.02 / 12:29

Bitcoin news IMF Bitcoin El Salvador changes tech provider for 'Chivo' wallet

El Salvador has gone ahead and changed the frontend and backend technology provider for its 'Chivo' wallet even as International Monetary Fund (IMF) recommended that the South American nation should drop the use of bitcoin as its sovereign currency. The change has been made in an apparent bid to fix a series of problems that have plagued its state-run bitcoin wallet. The government of El Salvador earlier this week rejected IMF's recommendation. El Salvador's Treasury Minister Alejandro Zelaya said, «No international organization is going to make us do anything, anything at all. Bitcoin is an issue of 'sovereignty' and sovereign countries take sovereign decisions about public policy.»

02.02 / 11:37

Provident BTC Digital Bitcoin 500 El Salvador Relaunches Chivo Wallet and Plans to Roll Out 1,500 BTC ATMs Nationwide

El Salvador relaunches the Chivo Wallet, which promises to enable instant low-fee Bitcoin transactions by integrating with white-label infrastructure provider AlphaPoint while addressing issues related to stability and scalability.

02.02 / 07:33

Adoption Latin America Bitcoin 500 El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs

El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee Bitcoin transactions while fixing concerns related to stability and scalability.

01.02 / 21:05

COST Digital Bitcoin El Salvador’s pro-Bitcoin FM fires back at IMF’s ‘insult’

The International Monetary Fund warned El Salvador to drop Bitcoin as legal tender. Not just once, or twice, but at least 4-5 times in the past. In fact, even the Executive directors urged El Salvador to detach Bitcoin’s status as legal tender in the country. What’s more, in a recent release, the IMF insisted that El Salvador dissolve its $150-million trust fund incorporated at the time of its policy decision.

31.01 / 21:23

Ethereum XRP Cardano Bitcoin Price analysis 1/31: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX

Bitcoin (BTC) started the 2022 on a losing note, dropping about 20% to its worst performance in January since 2018 when the price plunged 26.61%, according to on-chain analytics resource Coinglass.

31.01 / 18:03

business Adoption Sport Turkish blockchain company opens regional crypto exchanges in globalization bid

Turkish blockchain provider Bitci seeks to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors.

31.01 / 15:31

Government Adoption Bitcoin El Salvador president predicts ‘gigantic price increase’ for Bitcoin

Salvadoran President Nayib Bukele has made yet another bullish Bitcoin prediction soon after the International Monetary Fund urged his government to remove Bitcoin’s status as legal tender.

31.01 / 12:13

cryptocurrency crypto news Bitcoin week Crypto week at a glance: Buying at lower levels, strictness saddened sentiments

Bitcoin, the most active cryptocurrency, recovered nearly 15 per cent to trade at $37,600 levels at the time of this article. Bitcoin, along with many other cryptocurrencies, had a fantastic yet volatile run in 2021, hitting all-time highs.Negative sentiments prevailed The price correction was imminent to test the support levels. Despite some bargain buying at lower levels by both institutions and retailers, many remained on the fence due to the overall negative sentiments in the financial markets.

30.01 / 02:51

Ethereum Waves Orange Bitcoin Support ‘Altcoins such as Ethereum are just scams’: Max Keiser rallies support for Bitcoin

Ethereum, the largest altcoin and Bitcoin had battled it out for the number one and two spots in the market cap rankings. The incredible rise of NFTs and DeFi spurred waves of investment into Ethereum. This lead some in the industry to believe that Ethereum could flip Bitcoin by the end of 2022. However, some still consider Ethereum and Altcoins under the “scam” category.

29.01 / 22:35

BTC Digital CEO Bitcoin Warning Is IMF ‘on the wrong side of history’ as it issues yet another warning to El Salvador

There have been several critics of El Salvador’s policy to accept Bitcoin as legal tender. In the past, the International Monetary Fund (IMF) has made several recommendations against the decision. Now, in a recent release, IMF has said that El Salvador should dissolve its $150-million trust fund incorporated at the time of its policy decision. Further adding,

29.01 / 18:35

Provident Digital Citizens Bitcoin NUT Bitcoin a legal tender in Arizona? Here’s why that will be a tough nut to crack

The oldest digital currency in the crypto market by Market Cap – Bitcoin, yet to become a legal tender in many countries. However, with the rising crypto market, smaller countries began to accept it as a legal tender.El Salvador was the first in the world to adopt Bitcoin as legal tender along with the US Dollar. A majority of the businesses accepted payments in Bitcoin.

28.01 / 17:39

business Law Adoption Staying cool: Is crypto snowballing to 1 billion users this year?

Crypto.com raised a few eyebrows this past week when it announced cryptocurrency users worldwide could reach 1 billion by the end of 2022.

27.01 / 18:03

Blockchain Adoption Bitcoin Around El Salvador in 45 days: A Bitcoin-only travel story

El Salvador adopted Bitcoin (BTC) as legal tender over four months ago on Sept. 7, 2021. Bitcoiners around the world have been watching with intent as the president of El Salvador, Nayib Bukele, attempts to “orange-pill” an entire nation.

27.01 / 09:49

Dogecoin Ethereum cryptocurrency Bitcoin Top cryptocurrency prices today: Dogecoin, Bitcoin, Ethereum zoom up to 7%

cryptocurrency market was attempting to stabilize following the recent wrath and ahead of the US Federal Reserve meeting outcome. However, the volumes remained thin despite the recent gains. The crypto market is closely observing the result of the US Federal Reserve’s two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation. Barring the US dollar-pegged USD Coins, nine out of the top-10 digital tokens were trading higher during the trade on Wednesday. Bitcoin and Ethereum jumped 2 per cent each, whereas Solana and Dogecoin zoomed up to 7 per cent.

27.01 / 01:23

Adoption IMF Bitcoin Cryptoverse Laughs Off IMF Bitcoin Threats to El Salvador With Memes, BTC Rises

The International Monetary Fund (IMF) has told El Salvador to water down the law enforced last year that made bitcoin (BTC) legal tender – and the country’s President Nayib Bukele has responded with a dismissive Twitter meme using footage from the TV show “The Simpsons.”

26.01 / 18:37

Ethereum Forecast Bitcoin This is What’s Backing Ark’s Big Bitcoin, Ethereum and Web 3 Forecasts

Ark Investment Management, the fund led by the well-known technology investor Cathie Wood, has revealed just how bullish they are on bitcoin (BTC), ethereum (ETH), and Web3 more broadly -- while laying out their case for how BTC could reach a price of more than USD 1m in the next decade.

26.01 / 16:19

Provident BTC Bitcoin Bukele Warning Bukele goes all ‘Simpsons’ after IMF’s Bitcoin warning

A growing number of Salvadorans had experimented with Bitcoin since the country adopted it as legal tender. But only a fraction of the Central American nation’s businesses took Bitcoin payment. Well, technical problems had plagued the government’s cryptocurrency app, frustrating even committed users of the technology. Needless to say, different experts raised red flags over the BTC incorporation within the country’s premises.

26.01 / 15:09

cryptocurrency Bitcoin Drop The IMF warns El Salvador to drop Bitcoin as a legal currency

The International Monetary Fund (IMF) has urged El Salvador to drop Bitcoin as legal tender and better regulate the digital wallet the government created and promoted to its citizens.

26.01 / 13:11

Adoption IMF Bitcoin Cryptoverse Laughs Off IMF Bitcoin Threats to El Salvador With Memes, BTC Rises

26.01 / 12:57

Lowe's Digital Bitcoin The IMF Urges El Salvador to Abandon Bitcoin as Legal Tender

The International Monetary Fund (IMF) is concerned about risks related to El Salvador’s issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible.

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