El Salvador

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Bitcoin City in El Salvador

22 Nov 2021 1 minute read 0 comments Yugocean

Nayib Bukele's government is now building Bitcoin City. This is new step of BTC development in El SalvadorFor this new plan, Bukele has issued bitcoin bonds worth $1 billion. (issuance of bitcoin bonds is a unique initiative in itself).In this new Bi...

Why Did El Salvador Adopt Bitcoin As Legal Tender?

4 Nov 2021 5 minute read 1 comment letslearncrypto

If I ask you to count the number of countries you know off the top of your head, what will your answer be? 10? 20? 30? Mine is 43. I mean it was. Now it’s 44.  Yes. Now, I know El Salvador.  I mean no disrespect to our sweet Salvadorans but our huma...

What Are People Actually Using Lightning Network For?

2 Nov 2021 1 minute read 0 comments davidgyoung

In a follow up to our recent look inside the Lightning Network, let's take a look at what people are actually doing with the Layer 2 protocol.  Again, we draw on the excellent work from Arcane Research: As noted above, the highest growth rates in th...

How I discovered the Chivo wallet bug? Making public a Chivo wallet bug!!!

17 Oct 2021 3 minute read 5 comments francis105d2

One of the things that I like to do before moving my money to a new bank account or wallet is to transfer small amounts of money in and out of the service that I am testing, which is almost a rule of thumb in my case. Before moving any significant am...

Bitcoin Alliance helps El Salvador to use Bitcoin as legal tender

12 Oct 2021 2 minute read 3 comments MikeZillo

A few months ago Bukele, the governor of El Salvador announced his willingness to use Bitcoin as a legal tender, alongside the dollar. September 7, 2021, will be remembered as the pivotal date for Bitcoin, as it has become, de facto, a legal currency...

An Impact So Big On Bitcoin It's As If It Were A Volcanic Eruption

3 Oct 2021 2 minute read 0 comments davidgyoung

Some folks are never quite content with Bitcoin.  It should do this or it should do that.  It went up too much and plunged or it didn't go up enough.  For some high priests self anointed to the upper echelons of those who decide everything for us mer...

Chivo is a government-sponsored bank account/wallet.

1 Oct 2021 3 minute read 2 comments francis105d2

The application Chivo wallet, the El Salvador government, created, is now available for citizens who live outside the country. I was able to sign up for the service and also got the thirty dollars welcome bonus, which it's money that you can only sp...

Bitcoin As Legal Tender & How To Predict Which Country Will Adopt It Next

30 Sep 2021 1 minute read 1 comment LocoSocioCrypto

On June 8th, 2021, El Salvador passed The Bitcoin Law - granting Bitcoin the status of legal tender. Many speculated on what this decision would mean for El Salvador, Bitcoin, and indeed cryptocurrency in general. However, the question this article w...

Is El Salvador Missing an Opportunity ?

28 Sep 2021 2 minute read 7 comments Alonicus

El Salvador has been in the news a lot recently, especially crypto news, as it adopts the Bitcoin as legal tender. Much has been made of the government buying BTC on the dip (according to Reuters, they now hold 700, worth just under $30m as I type th...

El Salvador Is In Anothe Long Position On Bitcoin

21 Sep 2021 1 minute read 0 comments Hermitworldwide

    This couldn't be a more better time for El Salvador to buy the dip again. After buying their first deep at 42K and hopefully sold before this dip. Haha. I mean it's amazing that they bought this dip again at 43K. In the last 13 hours the price ha...