El Salvador Financial News

04.12 / 10:13

Blockchain Adoption Bitcoin El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November.

03.12 / 11:58

Citi csk Bitcoin The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market?

No big deal, right? Wrong. The concept of this unique city is duly backed by Bitcoin, the world’s largest crypto player in terms of market capitalization. At first, associating Bitcoin with a new establishment can get a bit overwhelming. And, if you do not find cryptocurrencies relatable, wrapping your head around becomes even more difficult.

03.12 / 03:27

Mining regulation Latin America Bitcoin debate Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’

Paraguay is inching closer to legalizing Bitcoin (BTC) and crypto mining – and potentially opening up its huge hydroelectric power capacity to industrial miners – with more senators lending their support to a key proposal.

02.12 / 04:17

Latin America economics Bitcoin analysts Financial Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions

Mainstream analysts have criticized El Salvador’s budget plans for 2022 and its bitcoin (BTC) bond ambitions – and a media outlet has pointed out that international ratings agencies are now lining up to take aim at the nation’s President Nayib Bukele and his adoption plans.

30.11 / 14:47

CryptoExplainer open Crypto Tourism: Thailand Plans To Open Grounds For Crypto Tourism. Know What It Is And The Other Countries Promoting This Form Of Tourism

El Salvador became the first country to adopt Bitcoin as a legal currency

29.11 / 20:11

Ethereum ETF Google Bitcoin El Salvador Buys Bitcoin Dip Again, WisdomTree Launches 3 Crypto ETPs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

29.11 / 15:33

cryptocurrency Forecast regulation Bitcoin 2022 Crypto Regulation Trends: Focus on DeFi, Stablecoins, NFTs, and More

If 2021 has been the year of talking about crypto regulation, then 2022 is likely to be the year of turning words into action. Because if nothing else, 2021 has shown that crypto isnât likely going to be going away, something which has certainly forced more than a few regulators to sit up and take notice.

28.11 / 20:27

Ethereum Booking Citizens Bitcoin El Salvador and why hasty crypto-adoption isn’t the way to go

There has been a lot of pomp and celebration going around. Just recently, before corrections set it, Bitcoin hit its latest all-time high on the charts.

27.11 / 06:37

UPS BTC FIVE Bitcoin Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’

El Salvador’s “Bitcoin City” and the proposed $1 billion Bitcoin volcano bond have ignited a range of reactions across the world. These are ambitious plans, no doubt, but they come as the crypto market is seeing a downturn and major economies are fighting inflation.

27.11 / 00:28

business Bitcoin El Salvador celebrates Black Friday, buys 100 BTC for 20% off

Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday.

26.11 / 15:19

Waves Digital Citizens Bitcoin Bank of England Governor raises concerns about El Salvador’s Bitcoin adoption

Two months after El Salvador scripted history to become the first country to officiate Bitcoin as legal tender, proponents of the financial industry still don’t seem completely sold on the idea. Andrew Bailey, who is the Governor of the Bank of England, recently raised concerns about the same while speaking at a conference, according to Bloomberg.

26.11 / 14:55

Stablecoin Adoption Bitcoin Bitcoin too volatile to be adopted as legal tender, says BoE chief

Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.

26.11 / 08:05

business Technology World Bitcoin El Salvador’s adoption of bitcoin a concern, says Bank of England chief Andrew Bailey

Bank of England Governor Andrew Bailey on November 25 called El Salvador’s decision to adopt Bitcoin as its currency “concerning”, adding that consumers “will probably be caught out by its volatility”, Bloomberg has reported.

25.11 / 12:45

business Bitcoin Cryptocurrency regulation: Here’s what countries around the world have done

The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.

24.11 / 08:47

cryptocurrency IMF Bitcoin NOT IMF recommends El Salvador not use Bitcoin as legal tender

IMF) on Monday said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. «Given bitcoin's high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability,» the IMF said in its staff concluding statement of the 2021 Article IV mission to El Salvador.

24.11 / 05:41

cryptocurrency Digital Bitcoin Government Seeks To Block Cryptocurrencies In New Bill, Prices Crash: 10 Points

Currently, El Salvador is the only country to recognise cryptocurrency as a legal tender.

23.11 / 20:05

crypto currencies Bitcoin Price Explained: All about El Salvador's volcano-powered bitcoin bond

El Salvador plans to build the world's first "Bitcoin City" with money from a $1 billion bitcoin-backed bond the country's President Nayib Bukele said on Saturday. Here is what we know about the proposed bond and some of the details that still need to be filled in.WHAT WE KNOW

23.11 / 19:47

Twitter Cardano Ontology IMF Warns El Salvador, India's Crypto Soap Opera, Brazil's CBDC Pilot + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

23.11 / 17:43

Ethereum Adoption Bitcoin Watch: Tone Vays on Bitcoin Narratives, Bear Market, DeFi, NFTs, and Ethereum

Renowned bitcoin (BTC) analyst, trader, and producer of the Uncofiscatable Conference Tone Vays expects a somewhat shorter and milder crypto bear market compared to the one in 2018 if the price of BTC continues its “slow and steady” climb upwards and there’s no exponential explosion.

23.11 / 16:07

Strategy Backed El Salvador To Build World's 1st "Bitcoin City" With Money From $1 Billion Bitcoin-Backed Bond

El Salvador plans to build the world's first "Bitcoin City" with money from a $1 billion bitcoin-backed bond the country's President Nayib Bukele said on Saturday.

23.11 / 15:17

UPS Citi Bitfinex El Salvador: Adopting ‘junk-grade’ Bitcoin bond will have these repercussions

El Salvador and its vision to build ‘Bitcoin city‘ has created havoc within the crypto community.

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