Tag Archives: El Salvador

Residents of El Salvador are experiencing more problems with the “Chivo” wallet system that the country has implemented. Chivo is designed to give all residents of the country access to bitcoin so that they can begin transacting it now that the currency is legal tender and designed to be used alongside USD, which the nation has long been dependent on. El Salvador Sees Issues with Its Chivo Wallet The goal is certainly impactful, but to say that the Chivo wallet hasn’t...

Nayib Bukele, who made history last year by becoming the first President to adopt bitcoin as legal tender, believes two more countries will follow this example in 2022. Additionally, he predicted a price tag of $100,000 for the primary cryptocurrency. It’s safe to say that El Salvador is the most open country in terms of BTC adoption as it voted for the asset to become legal tender in 2021. Following this historic move, the nation and its pro-bitcoin President have continued...

What does 2022 have in store for bitcoin? While it’s impossible to assume what may or may not happen, there are a few patterns that have occurred in the currency’s short history that could give us some clues as to what we can expect from the world’s number one digital asset over the next 12 months. Bitcoin Has Had a Solid 12 Months Bitcoin had a big year in 2021. There is no doubt about that. Between the currency’s rising price and regions like El Salvador declaring it...

2021 is just about to leave us, so let’s look back at some of the biggest bitcoin stories to occur over the past 12 months. Bitcoin and Its Price The bitcoin price has come quite far in 2021. While the currency has slid down somewhat and is presently trading for just over $51,000, the currency shot up to a new high of approximately $68,000 per unit as recently as November. The asset has managed to retain a five-figure price throughout the year, despite facing heavy...

El Salvador in Central America has just purchased a total of 21 additional bitcoins. The country has made a habit of “buying dips” every time bitcoin’s price goes lower and this incident was no exception. El Salvador Adds to Its BTC Stash The country initially made headlines several months ago when it was announced it was working on a bitcoin-based financial agenda that would see the cryptocurrency – number one in the world – become legal tender. This meant it could be...

Justin Sun is regarded as one of the high-profile individuals in the digital-asset world. Last month, the Republic of El Salvador announced a plan to build the world’s first “Bitcoin City”, funded initially by Bitcoin-backed bonds. It is not surprising to hear the news related to bitcoin regarding Salvador, given this republic is also the first sovereign state that adopted the cryptocurrency bitcoin as their legal currency. Salvador is believed to...

Die Regierung von El Salvador hat den Bau einer Bitcoin-Stadt angekündigt. El Salvador ist schon seit einiger Zeit bekannt für seine Bitcoin-freundliche Regierung und Politik. Es ist das erste Land der Welt, in dem Bitcoin als offizielle Währung angesehen wird. Nachdem der Kurs der führenden Kryptowährung vor kurzem von 68’000 US-Dollar auf zwischenzeitlich sogar 43’000 US-Dollar gesunken war, nutzte der salvadorianische Präsident die Möglichkeit...

Bitcoin has experienced a price decline of nearly eight percent over the past week, and El Salvador was quick to take notice. The country’s president Nayib Bukele recently announced that the nation has bought the dip and added approximately 100 new units of bitcoin to its balance sheet. El Salvador Buys More BTC El Salvador has become a big bitcoin haven as of late. Recently, the nation announced plans to launch an entire city based on BTC. The area will feature malls,...

On December 4, bitcoin suffered its worst trading day since mid-May, as its price plunged to a two-month low of $42,000. Somewhat expectedly, this massive $16,000 crash in less than 24 hours led to a change in investors’ sentiment as the popular Bitcoin Fear & Greed Index went into “extreme fear” territory once again. Extreme Fear Shakes The Crypto Community The Bitcoin Fear & Greed Index works as an indicator of momentary investor sentiments towards the primary...

Nayib Bukele – the president of El Salvador – has announced to the people of his country that the government is taking its bitcoin agenda to the next level. Regulators and city planners are looking to build a whole new village at the base of a volcano. The region will be known as “Bitcoin City” given that it will be entirely dependent on bitcoin and blockchain technology to thrive. El Salvador Is Pushing BTC Even Further He stated that a bond offering is going to occur...