Cryptocurrency Analysis and News Portal
A survey by the Central American University suggests that the majority of El Salvadorans disapprove of the government’s Bitcoin endeavor. More than 77% of the respondents want the government to stop spending money on Bitcoin-related projects. El Salvador failed to make it to the top 15 list in terms of crypto remittances. President
Read More
This problem is rooted in the late 1980s when Turkey opened its capital accounts, allowing the lira to trade and float against other international currencies, at a point where it was still very much an emerging economy subject to periods of instability. At least according to Bingol, this opening was
Read More
El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told Bloomberg this week that El Salvador’s Bitcoin gambit “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in
Read More
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the
Read More