El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing
It's been a bit more than two years since the country made bitcoin legal tender there. Source
Read More
Salvador
El Salvador to Easily Turn to ‘Singapore of Americas’
Having adopted Bitcoin alongside the United States dollar as the legal tender two years ago, El Salvador has attracted significant capital investment through tourism and immigration compared to its neighbors. Amid the global economic shift caused by the fast growth of the BRICS alliance, the Middle East crisis, and the Russia
Read More
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February.Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-election.“Five more [years], five more and not
Read More
Bitcoin-friendly El Salvador can become ‘Singapore of the Americas’: VanEck advisor
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck.“I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an
Read More
Westerners See El Salvador as a Template for a New Monetary System
In this era of fiat debasement, Stajnar believes that El Salvador is a beacon of hope for other countries. Investors across the world are starting to consider the counter party risk involved with holding assets in Western countries that are potentially at risk of a future sovereign default. Meanwhile, the
Read More
El Salvador Crypto Advisor Predicts Explosive Rise To $220,000
In a recent development, Bitcoin proponent and crypto advisor to El Salvador’s President Max Keiser has made a future prediction for the
Read More
El Salvador pioneers first Bitcoin mining pool, boosting renewable energy
El Salvador is launching its first Bitcoin mining pool, called Lava Pool, aiming to decentralize mining and leverage renewable energy. El Salvador is set to establish its first-ever Bitcoin mining pool after a historic collaboration between Volcano Energy and Luxor Technologies. The initiative aims to harness El Salvador’s distinct regulatory advantages
Read More
Building Trust in the Bitcoin Network in El Salvador
Alex explained how there are now four pillars to Bitcoin education in El Salvador, with Mi Primer Bitcoin serving as the most basic. He recently left CUBO+ to create another program called Node Nation, with the goal of installing Lightning nodes in high schools and providing highly technical classes to
Read More
El Salvador to Introduce Bitcoin Education to Public Schools by 2024
Mi Primer Bitcoin has a goal of reaching more than 300,000 Salvadorans with its education program this year and to give out at least 7,700 presentational diplomas. El Salvador’s Ministry of Education has partnered with the nonprofit, nongovernmental organization (NGO) Mi Primer Bitcoin (MPB which translates to “My First Bitcoin”) to
Read More
Are Locals Tuning Into El’s Salvador the Bitcoin Circular Economy?
Similarly, through their deal with Mastercard, users can deposit money into ATMs and receive USDC in their wallets, with a 1% fee. His next goal is to roll out a micro-loan program for users to increase access to credit and to spur economic development. The goal is to slowly educate
Read More