Tag Archives: El Salvador

El Salvador has announced another initiative related to bitcoin and some of the profits coming from the asset. Nearly a month after revealing that it will build a pet hospital, the crypto-friendly nation is now on its way to creating 20 BTC schools employing some of its investment gains. Bitcoin Education for The Salvadorans A recent tweet coming from the Press Secretary of the Presidency outlined El Salvador’s future plans. The governing body revealed that its bitcoin...

El Salvador is taking necessary action to stop all those who have allegedly been misusing the new Chivo crypto wallet the country has implemented. Apparently, it only took about a month and a half for some people to resort to criminal activity to make their money via crypto. El Salvador Is Taking Action Against Alleged Cheaters The Chivo wallet is the new bitcoin wallet system that allows residents of the country to hold bitcoin, which they can then use to pay for goods...

The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin. In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the...

Volaris – a low-cost airline company based in El Salvador – explained in a recent press release that it will begin accepting bitcoin for plane tickets. El Salvador Is Moving Ahead in the BTC Space The news was confirmed by the country’s president Nayib Bukele and is another push towards a crypto-based society. In a tweet, the president stated: This allows us to increase the offering of flights for Salvadorians, in addition to being the first airline in the world to...

Tierspital dank Bitcoin: El Salvador investiert Bitcoin-Gewinn in Tierheim Nachdem der mittelamerikanische Staat El Salvador den Bitcoin als gesetzliches Zahlungsmittel installiert hatte, verkündete der salvadorianische Präsident Nayib Bukele nun positive Nachrichten. Aus den Investitionen, welche der Staat in den Bitcoin tätigte, konnten insgesamt 4 Millionen US-Dollar Profit geschlagen werden. Der Präsident kündigte an, dass ein Teil des Erlöses...

El Salvador was one of the first countries to declare bitcoin legal tender. Quite a few people were happy about it and felt that this would potentially put the country on the map. However, some – like Vitalik Buterin – are angry that so many analysts, traders and general crypto fans continue to encourage president Nayib Bukele in his push to make bitcoin more than what it’s allegedly supposed to be. Vitalik Buterin: Bukele Is Making a Mistake Buterin is the co-creator of...

If you didn’t like the way Nayib Bukele was implementing his Bitcoin policy in El Salvador, maybe his latest actions will change your mind, or at least make you admit he wants to be a bit cute. After experiencing his first days in the green, the president of El Salvador revealed he was going to use the proceeds of his country’s BTC investment to build a massive pet hospital. The self-described coolest dictator in the world shared the news on his Twitter account a few hours...

Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.” Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib)  Bukele should not be praised by Crypto community.” The Ethereum co-founder did not fail to call out “Bitcoin Maximalists,” whom he believed praised the El Salvadoran...

El Salvador’s decision to officially make bitcoin a legal tender inside its borders has caused some controversy. While some locals expressed their dissatisfaction, many prominent names such as Michael Saylor praised the move as “extraordinary” and “world-shaking.” The world is yet to find out whether this would turn out to be the beginning of a successful monetary revolution or another attempt from a top political figure who aims to win power and support. In a recent blog...

El Salvador is now using energy from nearby volcanoes to mine bitcoin. El Salvador Is Putting Local Volcanoes to Good Use President Nayib Bukele announced late last week that his country had minted what he called the first volcano-powered bitcoin unit. He also posted a video of bitcoin rigs being set up at a geothermal crypto mining operation stationed in a forest which happened to be near a volcano. Thus far, El Salvador has only managed to extract roughly $280 in BTC...