El Salvador Bitcoin ATM network to receive Lightning Network upgrade
Athena Bitcoin, the company operating a state-owned chain of crypto ATMs in El Salvador, plans to integrate the Lightning Network into 100 of these machines in the next couple of months.According to the press release from Nov. 7, Athena Bitcoin Global and Genesis Coin Inc. have already ena ...
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February.Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-electio ...
Bitcoin-friendly El Salvador can become the ‘Singapore of the Americas’: VanEck advisor
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become th ...
El Salvador to introduce Bitcoin education in schools by 2024
The Ministry of Education of El Salvador and the non-profit, non-governmental organization Mi Primer Bitcoin/My First Bitcoin (MPB/MFB) partnered to add Bitcoin (BTC) education to public school curriculum by 2024. John Dennehy, the founder of MPB confirmed to Cointelegraph that this ...
Google Cloud to digitize El Salvador’s governance, healthcare and education
Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country. The partnership aims to digitize the country, update government services and improve the healthcare and edu ...
Binance receives licenses to offer crypto services in El Salvador
Global cryptocurrency exchange Binance has reported being granted licensing to provide services to residents of El Salvador.In an Aug. 8 announcement, Binance said El Salvador’s Central Reserve Bank had approved the exchange’s application for a Bitcoin Services Provider license ...
Salvadoran teenager becomes Bitcoin teacher, no longer earning ‘6 dollars a day’
A Salvadoran teenager shares his journey of completing El Salvador's Bitcoin diploma program, Mi Primer Bitcoin, meaning My First Bitcoin. Now, he has returned to his former high school to educate the teachers about Bitcoin (BTC).In a series of tweets on July 8, 18-year-old Gerardo Moran r ...
Saifedean Ammous, Author of “A Short History of Money,” Joins El Salvador’s National Bitcoin Office as Economic Advisor
Author of the bestseller "A Short History of Money, or Everything You Need to Know about Bitcoin" became an economic advisor to the National Bitcoin Office of El Salvador (ONBTC). "Great things had to happen. Welcome to the winning team, Dr. Ammus!" reads the ...
Strike Expands Global Presence, Introduces Plastic Cards with Stablecoins in 65 Countries
Provider Lightning Network will operate in 65 countries And will issue plastic cards with stabelcoins Payment company Strike announced plans to expand its global presence. They are moving their headquarters from Chicago to El Salvador, a country where bitcoin is ...
Cryptopayment Service Strike Moves Headquarters to El Salvador Amid Regulatory Pressure
Cryptopayment service Strike announced its decision to move its headquarters to El Salvador amid increasing pressure from U.S. regulators. The company also expanded its services to 65 countries. Previously, the Strike mobile app only worked in the U.S., El Salvador, and A ...
Founder of Heisenberg Capital Agrees with SEC Chairman on Crypto-Assets as Securities, Bitcoin Advocate Supports Ruling
Founder of Heisenberg Capital agreed with the SEC chairman that all crypto-assets except bitcoin should be considered securities. Bitcoin advocate Max Keiser sided with Gary Gensler, saying that all altcoins, including XRP and ETH, are securities. The businessman noted t ...
American Senators Propose Cryptocurrency Accountability Bill for Bitcoin Adoption in El Salvador
American senators have advanced a cryptocurrency accountability bill in El Salvador (ACES), implying oversight of BTC acceptance in the Latin American country and risk analysis for the United States. On May 11, Senators Jim Risch of Idaho and Bob Menendez of New Jersey in ...
IMF Urges Zimbabwe to Replace Gold-Backed CBDC with Currency Liberalization
The International Monetary Fund called on the Zimbabwean authorities to replace the introduction of a digital state coin backed by gold with liberalization of the currency legislation. The IMF believes that the CBDC will not help solve macroeconomic problems such as the vol ...
High Fees and Commission Spike Affecting Bitcoin Adoption for Microtransactions
Matt Hamilton commented on tourists' complaints about the huge fees to convert BTC to fiat He thinks the XRP Ledger is a much better fit for microtransactions Commission spike on Bitcoin network caused by popularization of BRC-20-based tokens The popu ...
El Salvador Eliminates Taxes for Tech Companies to Boost Innovation
This includes the industries of AI, blockchain, computer technology, etc. This is how the country plans to become an outpost of innovation El Salvadoran President Naib Buquele has signed a law that eliminates all taxes on companies from the technological innovati ...
El Salvador Launches New Program to Train Bitcoin and Lightning Network Developers
El Salvador's government has unveiled a pioneering educational program that aims to equip university students with the expertise required to become proficient Bitcoin and Lightning Network developers. President Nayib Bukele has stated that the new curriculum will arm students with the knowledge a ...
Bitfinex becomes the first licensee of El Salvador’s NCDA regulatory body
Bitfinex, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first licensee of the National Commission for Digital Assets (NCDA) in El Salvador. This regulatory body oversees the country's digital asset industry, and Bitfinex has secured a Digital Asset Servic ...
El Salvador’s Crypto Wallet Chivo Freezing User Accounts and Facing Criticism
The El Salvadoran government-run crypto wallet, Chivo, has recently implemented freezing user accounts and demanding proof of the source of funds. Some users who received funds from Wasabi Wallet, which utilizes Coinjoin technology to obscure transaction monitoring on the network, have been activ ...
El Salvador: A Land of Opportunity for Crypto Enthusiasts
El Salvador's president, Nayib Bukele, has been making waves in the global community by recognizing bitcoin as a legitimate means of payment and touting his country as a safe haven for foreigners. In a tweet that harkens back to vintage American-style posters, Bukele invites people to move to his ...
El Salvador President Announces Plan to Abolish Taxes for Tech Companies
El Salvador's President has taken a major step towards establishing the country as a global hub for the cryptocurrency industry. The move involves the elimination of all taxes on technology companies, as announced by Nayib Bukele, the leader of the nation that made Bitcoin an official means of pa ...
President of El Salvador Credits Bitcoin Legalization for Boosting Tourism Sector by 95%
According to the President of El Salvador, Nayib Bukele, the country's economy has experienced a significant boost thanks to the recent legalization of bitcoin, resulting in a 95% increase in the tourism sector. In an interview, Bukele mentioned that the move to make bitcoin a legal tender has ma ...
IMF Warns El Salvador Against Bitcoin Exposure Expansion
Following its official visit to El Salvador, the International Monetary Fund (IMF) has issued a statement urging the country's authorities to reconsider their plans to increase government exposure to Bitcoin. According to the IMF, El Salvador has yet to overcome the potential risks associated wit ...