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Even amid the market breakdown and repetitive public attacks on the industry, some of the officials found the courage to embrace the innovation. Go to Source Powered by WPeMatico
El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. Go to Source Powered by WPeMatico
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow. Go to Source Powered by WPeMatico
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases. President Nayib Bukele Sued by Salvadoran Nonprofit Cristosal On Nov. … Read more
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s … Read more
Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these new technologies and that governments have often failed to detect and punish … Read more
A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.” Go to Source Powered by WPeMatico
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his country will buy one … Read more
El Salvador currently holds 2,381 BTC with a total investment of $103 million, the value of its BTC investment has declined to $39.4 million in the current market conditions. Go to Source Powered by WPeMatico
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country, declaring that Bitcoin Cash mining activities will also be explored in the same … Read more
