Tag Archives: El Salvador

The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in the footsteps of the Central American nation of El Salvador. Now, representatives for the country have announced that they are going to be creating their own digital currency that residents can use to purchase goods and services. The Central African Republic Has a Lot of...

Not long ago, Live Bitcoin News published an article suggesting that Nayib Bukele – the bitcoin-supporting president of El Salvador – had lost his taste for crypto. He issued a tweet in response to a bitcoin-based inquiry that seemed kind of downtrodden, and many of us would understand why if that was the case. After all, the country has plunked more than $100 million into BTC, only to lose roughly 50 percent of the value initially gained due to the ongoing crypto...

It has now been 7 months since El Salvador adopted bitcoin as legal tender. With this, the country was the very first in the world. Today (Tuesday May 17th) a meeting will be organised in El Salvador to transfer this knowledge to other interested countries. 44 countries will meet 44 countries will come to El Salvador to discuss various financial developments. This was reported by Nayib Bukele, the country’s president, on Twitter. Planting seeds in 44 countries. 3 days to go…#Bitcoin is...

After buying the dip and adding 500 BTCs to the state coffer, El Salvador President Nayib Bukele has another surprise up his sleeves. The country is organizing an international conference of central bank representatives today, Bukele announced less than 24 hours before the event.  El Salvador’s Conference of Central Banks El Salvador will host an international bitcoin event on Monday where 44 central banks and key financial institutions have been invited, El Salvador...

Bitcoin City Wie der Präsident von El Salvador (Bukele) angekündigt, findet morgen Dienstag eine internationale Bitcoin-Konferenz statt. Teilnehmer aus über 44 Ländern werden erwartet – darunter viele afrikanische Staaten wie Ghana, Ägypten oder Nigeria. Themenschwerpunkt wird finanzielle Inklusion sein. Genauer gesagt die Frage, inwiefern Bitcoin hierzu einen Beitrag leisten kann. Noch immer haben viele Menschen in armen Ländern keinen Zugang zu...

President Nayib Bukele of El Salvador has unveiled development plans for the country’s planned Bitcoin City shortly after the nation made its latest BTC purchase. Bukele Moving Ahead With Bitcoin City Project The El Salvadoran President showed pictures of the architectural model via a Twitter thread, saying, the “City is coming along beautifully.” While details were sparse, with no mention of a completion date, the leader of the Central American country noted that the city...

For bitcoin and cryptocurrency fans, the name Nayib Bukele should ring several bells. As the president of El Salvador, the man was tasked with integrating bitcoin as legal tender in his country. Nayib Bukele Should Be Admired for His Bitcoin Plans Bukele has clearly done this for no other reason than to keep his people financially safe and independent. He’s not only a bitcoin believer, but a true leader in that he has taken it upon himself to do something quite difficult...

Bitcoin City The price of bitcoin dropped below 30,000 euros last night. With this drop, El Salvador saw the opportunity to buy the dip. The country’s president has no ‚paper hands‘ and, in addition to this purchase, is showing off the new plan for Bitcoin City – a city, at the foot of a volcano, that is entirely dedicated to bitcoin. Purchase of 500 bitcoin El Salvador’s president, Nayib Bukele, announced last night that El Salvador has once again...

The Central African Republic (CAR) has become the second country after El Salvador to declare bitcoin legal tender. Customers can walk into any store or company and purchase goods and services with bitcoin and owners and managers must be accepting of the digital currency. The Central African Republic Says “Yes” to Bitcoin In a statement, Obed Namsio – the chief of staff of Faustin Archange Touadera, the President of the Central African Republic – said that a bill had...

El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of $30,744 dollars each on Monday. The president, who has admitted to making Bitcoin buys from his phone using the country’s money, referred to the purchase as “buying the dip”. As of today, Bitcoin has closed its 6th consecutive red weekly candle for the first time since 2014. It’s...