El Salvador’s Bitcoin move could pose a challenge for the cryptocurrency – JPMorgan
According to analysts from JPMorgan, the adoption of Bitcoin by El Salvador, might not be the best decision stating the issues of price volatility and also hesitation of the policy by the populace. According to a team from JPMorgan Chase & Co., El Salvador’s proclamation of Bitcoin as legal tender could pose issues for both […]
El Salvador’s Financial Institutions Could Face More Financial Regulations
El Salvador has become the first country to recognize Bitcoin as legal cash earlier this month, adopting a bill to that effect. El Salvador is even going so far as to airdrop $30 worth of Bitcoin to its registered citizens. While the aforementioned bill will take full effect on September 7, 2021, the country’s regulators […]
U.S. company Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador
Athena plans to bring Bitcoin ATMs to El Salvador this is a great move seeing it had also installed the first Bitcoin ATM that operates with dollars in Argentina According to a company official, Athena plans to supply El Salvador’s future crypto-based economy with 1500 Bitcoin ATMs. The distribution will begin slowly, with a few […]
El Salvador’s adult citizens to get airdrop worth $30 in Bitcoin
All El Salvadoran adult will get an airdrop of $30 worth of BTC, provided they follow the laid out condition by the government. El Salvador’s president Nayib Bukele has revealed that every adult citizen will get $30 worth of Bitcon (BTC) from the government. Bitcoiners reacted positively to the news, with influencers suggesting that El […]
Sneak-peek of Volcanic Bitcoin mining set up in El Salvador
President Nayib Bukele gives a sneak-peek into the upcoming Volcano-powered Bitcoin mining farms. El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the anticipated Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize Bitcoin as legal money. The […]