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3232El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy
https://www.digit.info/el-salvador-reportedly-mined-nearly-474-btc-using-geothermal-energy/
Thu, 16 May 2024 17:21:56 +0000https://www.digit.info/2024/05/16/el-salvador-reportedly-mined-nearly-474-btc-using-geothermal-energy/Read more]]>El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5 MW of power from the Tecapa volcanic […]
]]>Latam Insights: Tim Draper’s Bitcoin Prophecy for El Salvador, Bukele’s Bitcoin Rush
https://www.digit.info/latam-insights-tim-drapers-bitcoin-prophecy-for-el-salvador-bukeles-bitcoin-rush/
Mon, 18 Mar 2024 00:00:53 +0000https://www.digit.info/2024/03/18/latam-insights-tim-drapers-bitcoin-prophecy-for-el-salvador-bukeles-bitcoin-rush/Read more]]>Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper […]
]]>US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
https://www.digit.info/us-lawmakers-introduce-bill-to-mitigate-risks-from-el-salvador-adopting-bitcoin-as-legal-tender/
Fri, 18 Feb 2022 03:00:13 +0000https://www.digit.info/2022/02/18/us-lawmakers-introduce-bill-to-mitigate-risks-from-el-salvador-adopting-bitcoin-as-legal-tender/Read more]]>Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on […]
]]>El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century
https://www.digit.info/el-salvador-buys-21-more-bitcoins-to-celebrate-21st-day-year-century/
Thu, 23 Dec 2021 03:00:19 +0000https://www.digit.info/2021/12/23/el-salvador-buys-21-more-bitcoins-to-celebrate-21st-day-year-century/Read more]]>El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country […]
]]>El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare
https://www.digit.info/el-salvador-buys-100-more-bitcoins-amid-crypto-sell-offs-and-new-covid-19-variant-scare/
Sat, 27 Nov 2021 23:00:01 +0000https://www.digit.info/2021/11/27/el-salvador-buys-100-more-bitcoins-amid-crypto-sell-offs-and-new-covid-19-variant-scare/Read more]]>As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins […]
]]>Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
https://www.digit.info/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/
Fri, 10 Sep 2021 05:30:18 +0000https://www.digit.info/2021/09/10/report-says-western-union-could-lose-400m-if-el-salvadors-chivo-bitcoin-wallet-gains-traction-tim-berners-lee-weighs-in/Read more]]>The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]
]]>Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward
https://www.digit.info/salvadoran-governments-chivo-wallet-experiences-hiccups-some-residents-cant-claim-30-btc-reward/
Wed, 08 Sep 2021 19:30:16 +0000https://www.digit.info/2021/09/08/salvadoran-governments-chivo-wallet-experiences-hiccups-some-residents-cant-claim-30-btc-reward/Read more]]>On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to be resolved now as Salvadoran […]
]]>First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows
https://www.digit.info/first-day-of-bitcoin-as-legal-tender-el-salvador-buys-the-dip-countrys-btc-stash-grows/
Wed, 08 Sep 2021 01:30:27 +0000https://www.digit.info/2021/09/08/first-day-of-bitcoin-as-legal-tender-el-salvador-buys-the-dip-countrys-btc-stash-grows/Read more]]>Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into […]
]]>Bitcoin Legal Tender in 7 Days: El Salvador Publishes Video Explaining What to Expect
https://www.digit.info/bitcoin-legal-tender-in-7-days-el-salvador-publishes-video-explaining-what-to-expect/
Tue, 31 Aug 2021 13:30:12 +0000https://www.digit.info/2021/08/31/bitcoin-legal-tender-in-7-days-el-salvador-publishes-video-explaining-what-to-expect/Read more]]>Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin […]
]]>El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority
https://www.digit.info/el-salvador-bitcoin-law-making-btc-legal-tender-passes-with-supermajority/
Wed, 09 Jun 2021 07:30:59 +0000https://www.digit.info/2021/06/09/el-salvador-bitcoin-law-making-btc-legal-tender-passes-with-supermajority/Read more]]>The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” […]
El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5 MW of power from the Tecapa volcanic […]
]]>
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper […]
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Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on […]
El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country […]
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins […]
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet […]
On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to be resolved now as Salvadoran […]
Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into […]
Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin […]
The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” […]