El Salvador

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Austerity debt trap dubbed IMF is warning El Salvador against approving Bitcoin as legal tender, JP Morgan warns they might even cancel 1 billion Dollar funding

11 Jun 2021 1 minute read 0 comments Kovichni

Ah yes, fear is in the air for the dinosaurs of money. One could expect this though, they will not go away peacefully or join the monetary revolution, but rather use petty slandering, threats and mafia type exertions which are all actually common too...

$BTC ≈ $USD, now it is reality

11 Jun 2021 2 minute read 10 comments MikeZillo

How can we not talk about the front page news of all the newspapers? El Salvador has made Bitcoin legal tender. Obviously, it has not supplanted the Dollar, but has flanked it. By all means, even if it has "only" flanked it it is still a decision tha...

The Weekly Summary - Cryptocurrency Edition [Issue 46.0]

11 Jun 2021 1 minute read 38 comments tvlachak

Issue 46.0 / June 11, 2021 Cryptocurrency "Life will always give you opportunities to build wealth, whether that’s in crypto or something else, and the crypto market will certainly offer better opportunities in the future than it does today." - Mark...

Countries legalizing Crypto are using it as a cover

10 Jun 2021 1 minute read 3 comments Lukros76

Just wanted to bring to attention that all this legalization and attempts to make BTC an official currency and such are in a lot of cases just covering for either instability, tyranny or some other scandal that is happening in a lot of the countries...

Why El Salvador's Adoption Of Bitcoin Is Less Impressive Than You Think

10 Jun 2021 2 minute read 2 comments CryptoMint

  President Najib Bukele's decision this week to be the first country to formally adopt Bitcoin as a legal tender was hailed as the start of the revolution by bitcoin maximalists and the price of BTC rallied on the news. Speculation was rife of which...

President Nayib Bukele Describes What Legal Tender Means in El Salvador

10 Jun 2021 1 minute read 0 comments flarnrules

I'm going to make this quick to get to the content. The President of El Salvador, Nayib Bukele, was in a Twitter group last night with several prominent crypto folks. He explained what it means to make Bitcoin legal tender in the country. I have tran...

The El Salvador Effect

10 Jun 2021 2 minute read 0 comments LeaderIcarus

Under the shadow of a "death cross", El Salvador pass the "Bitcoin Law". In a glance El Slavador adopts Bitcoin as a "legal tender" The country has two official currencies. US Dollar and Bitcoin.  This is the first country in the world with such a l...

El Salvador Makes Bitcoin Legal Tender

9 Jun 2021 2 minute read 0 comments Lorren

Yesterday was a momentous day for cryptocurrency. The country of El Salvador passed a law making Bitcoin legal tender in their country. It will go into effect in 90 days. While it remains to be seen how it will affect—everything—this is likely to be...

Bitcoin Is Legal Currency | First Country in World | Why | Pollution Problem Solved

9 Jun 2021 1 minute read 0 comments Kailash Mina

Great News for the Crypto Investor after El Salvador Nation announced that They adopted Bitcoin as a legal currency. So Ready to start to read the Article on Geography, why they adopted legal currency, and what about the pollution problem during Mini...

Nayib Bukele El Salvador's is looking to become the first country to adopt bitcoin as legal tender

7 Jun 2021 1 minute read 0 comments Deamonia

In a broadcast video to the Bitcoin 2021 biggest event in history in Miami, El Salvador president Nayib Bukele announce that is looking to introduce legislation that will make the world’s first sovereign nation to adopt bitcoin as legal tender, along...