El Salvador’s Bitcoin strategy is “contrary to the ideals” of cryptocurrency says Vitalik Butterin
“Unpopular opinion: El Salvador president Mr Nayab (sic) Bukele should not be praised by crypto community,” a Reddit user on the r/cryptocurrency site stated. Ethereum co-founder Vitalik Buterin , in an unexpected Reddit post on Friday, slammed El Salvador’s Bitcoin rollout, especially President Nayib Bukele for pushing local companies to accept the top cryptocurrency. “Unpopular […]
El Salvador announces a fuel subsidy of $0.20 per gallon to consumers who pay in BTC
As measures put in place to help spread its “Bitcoin gospel”, El Salvador’s President Nayib Bukele has announced a $0.20 per gallon cut in fuel costs for those who pay with the government-backed Bitcoin wallet Chivo. On September 30, the president announced the subsidy through Twitter, calling it “good news for Salvadorans’ pockets.” Bukele said, […]
El Salvador’s president shows off the country’s geothermal Bitcoin mining farm
El Salvador’s president in a tweet uploaded a video that shows a geothermal Bitcoin mining facility, which supposedly illustrates the country’s first steps in Bitcoin adoption. El Salvador’s President, Nayib Bukele, uploaded a video of the country’s Bitcoin (BTC) mining operation, which is powered by volcanic geothermal energy . The video depicts a power generation […]
El Salvador’s President says a third of Salvadorans use the Chivo wallet
President Nayib Bukele of El Salvador claims that 2.1 million of his countrymen use the government-backed Chivo cryptocurrency wallet, indicating the country’s apparent success with Bitcoin (BTC). After just three weeks in operation, the controversial president updated his 2.9 million Twitter followers, boasting that Chivo “today has more users than any bank in El Salvador.” […]
The third largest Bitcoin Whale bought $13M Worth of Bitcoin at $40.5K
The most recent drop in the price of Bitcoin, which has brought it down to roughly $40,000, has allowed the third-largest bitcoin whale to accumulate more shares of the commodity at a discount. The entity took advantage of a “buy the dip” opportunity and purchased Bitcoin worth more than $13 million. The Dip Is Purchased […]