El Salvador Snaps up 100 More BTC at a Discount Price
(Twitter) El Salvador President Nayib Bukele added 100 more Bitcoins to the country’s balance sheet following a plunge to around $54,000 on Friday. Bukele said the country bought the tokens…
El Salvador Taking “First Steps” in Bitcoin Mining Using Geothermal Energy
(Cointelegraph) El Salvador’s president Nayib Bukele showcased a geothermal power generation facility for crypto mining about three weeks since the country accepted Bitcoin as a legal tender. The facility, alongside…
Relentless El Salvador Ignores Market Warnings to Buy 150 BTCs After Dip
(Cointelegraph) El Salvador added to its Bitcoin holdings with a further 150 tokens at a price below $46,000. The Bitcoin additions happen amid warnings by global agencies on making Bitcoin…
El Salvador Woos Foreign Investors With a Tax Exemption on Bitcoin Profits
(Beincrypto) El Salvador’s government is exempting foreign investors from paying taxes on bitcoin profits in a bid to attract them. The legal advisor to the president of El Salvador, Javier…
Panama Joins El Salvador in Crypto Regulation to Enhance Widespread Use
(Cointelegraph) Panama is the latest Central American nation seeking crypto regulation after Congressman Gabriel Silva introduced a bill in the country’s legislature. Panama’s bill seeks to encourage freedom of use…
Bitcoin Projected to Rise After El Salvador Buys 400 Coins Ahead of Adoption
(Reuters) Analysts see Bitcoin on track to rising between $56,000-$56,300 after climbing to above $52,680 on Monday. A day before making BTC a legal tender El Salvador said it holds…
El Salvador Accelerates Bitcoin Adoption With the Approval of $150 Million Fund
(Reuters) El Salvador is moving ahead of its peers in the adoption of cryptocurrencies after its Congress approved a law creating a $150 million fund for bitcoin-dollar conversions. Money for…
El Salvador’s Central Bank Recognizes Bitcoin as a Legal Tender in Draft Guidelines
(Cointelegraph) The Central Bank of El Salvador published draft regulations on bitcoin-related services, classifying BTC as a legal tender. The Central Bank, in the two drafts released on August 17,…
World Bank Turns Down El Salvador Request to Make Bitcoin a Legal Tender
(MarketsInsider) Climate impacts of bitcoin and its limited transparency has seen the World Bank reject a request by El Salvador to turn the digital token to the legal tender. Alejandro…