El Salvador’s Bitcoin Journey Kicks Off With A Bummer, BTC Price Crashes
The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. These difficult issues have thwarted the setting within the last 90 days from the time […]
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Everything surrounding the ACES act is almost comedic. U.S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.’’ It’s bipartisan legislation that would allow the U.S. to produce a full report on El Salvador’s post-Bitcoin Law situation. Related Reading | Crypto Regulation: U.S. Senator […]
El Salvador’s president Nayib Bukele has been ever hopeful and positive about Bitcoin and its value as a digital asset. Despite Bitcoin’s squally price movements in the past few weeks, Nayib Bukele believes that it is only a matter of time till Bitcoin registers a massive price growth. He took to Twitter to speak about […]
With El Salvador’s Bitcoin Law poised to take effect, we speak with a prominent Salvadoran entrepreneur about his thoughts on the development.
There had been a rising movement on the internet community calling for individuals to buy Bitcoin. This is to support El Salvador’s plan to adopt Bitcoin currency as a legal tender. Users on various platforms like Reddit and Twitter are deliberating on purchasing Bitcoin worth $30 en masse. They scheduled the buying on September 7th […]
With this purchase, El Salvador’s Bitcoin reserve now amounts to 1,270 BTC, which is worth nearly $60.3 million at the time of writing. The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November.Salvadoran president Nayib Bukele announced the purchase of 150 BTC as the market price momentarily slipped below $50,000 after losing over 15% in market value.El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670 #Bitcoin— Nayib Bukele (@nayibbukele)....