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El Salvador has become the first country in the world to make the cryptocurrency Bitcoin legal tender. Advocates of the digital currency, including the country's president, Nayib Bukele, say the ...
Bitcoin’s price tanked as much as 16 percent on the day that El Salvador adopted it — and reportedly right after the country’s government had bought 400 bitcoin, worth at the time about $21 ...
Bukele is touting Bitcoin as a way for Salvadorans to reduce the fees they pay to send and receive remittances—which make up 22% of El Salvador’s GDP, mostly from the U.S.—and as a way for ...
El Salvador just made bitcoin a legal currency, but it's off to a rocky start. ... they left behind dozens of workers in Chivo shirts tasked with troubleshooting problems with technology.
Tall and grizzled, in his 40s, he was helping this association that educates very young people in El Salvador about Bitcoin. He was an examiner, one of the “experts” called upon to assess the children ...
Bitfinex is also an investor in El Zonte Capital, the U.S. couple’s new fund set up to invest in bitcoin ventures in El Salvador, the couple has said. BINANCE AND ITS FOUNDER SUED BY CFTC ...
El Salvador's government holds 550 Bitcoin, Bukele said, which is equivalent to about $26 million. The country's other currency is the U.S. dollar. Advertisement ...
This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on El Zonte, here. There was formidable energy at this year’s Plan B conference in El ...
A bitcoin ATM in El Salvador, 2023. In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar.
A project in Brazil seeks to emulate the successful adoption of bitcoin seen on the beaches of El Salvador. This is an opinion editorial by João, founder of Boletim Bitcoin, a Brazilian portal ...
A visit to Soyapango, one of El Salvador’s most impoverished slums, shows that the Bitcoin experiment isn’t reaching those who need it most. This is an opinion editorial by Rikki, author and ...