As a means of avoiding assistance from the International Monetary Fund (IMF), the Central American nation of El Salvador is looking to sell debt that’s fully backed by bitcoin. The IMF has already asked the country to avoid all bitcoin activity in the future, though El Salvador graciously responded by giving the global organization the...

The post El Salvador Will Sell Debt to Build Its Bitcoin City appeared first on Live Bitcoin News.

  By FintechNews staff –Cryptocurrency adoption has grown increased six-fold in the past couple of years since its inception. But digital currencies are not equally welcomed everywhere. Governments of different countries react to digital currencies differently as they cannot surely be regulated and controlled. Several countries are banning bitcoin and crypto transactions altogether. But some […]

The post The world’s most crypto-friendly cities in 2022 appeared first on Fintech News.

Bitcoin enables transparent usage of funds through recorded transactions and verifiable crowdfunding.

Coinsmart. Europe's Best Bitcoin and Crypto Exchange. Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS. CryptoHawk. Altcoin Radar. Free Trial. Source: https://cryptobriefing.com/el-salvador-could-delay-bitcoin-bond-amid-russia-ukraine-war-concerns/?utm_source=main_feed&utm_medium=rss

While a plan to leverage “volcano energy” is great marketing for El Salvador’s planned Bitcoin City, on its own, it might not be the best source.

The crypto payment gateway Paxful has opened “La Casa Del Bitcoin” in the heart of El Salvador’s capital city. It's official! Our new educational center in El Salvador is officially open! Check out @paxful and @paxful_LATAM to follow along🇸🇻 pic.twitter.com/RhP3KSYJSU — Briana Lynch (@BrianaLynch15) February 2, 2022 Salvadorans still lack knowledge about crypto assets Although […]

The post Paxful Launches Bitcoin Education Center In El Salvador appeared first on CryptoCoin.News.

El Salvador is improving its bitcoin circulation infrastructure despite warnings from the IMF. It seems that the country is looking for a way to become truly independent.

El Salvador captured attention from around the globe when it launched its Bitcoin wallet. Now Chivo's users are reporting a host of problems.

The post El Salvador’s Chivo wallet keeps breaking, and users are seeking answers appeared first on The Block.

El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build…

The post IMF wants El Salvador to drop Bitcoin as legal tender appeared first on Coin Journal.

El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran government has bought a total of 1,801 bitcoins since the cryptocurrency was made legal tender in the country. El Salvador Buys the Dip The president […]

The president of El Salvador, Nayib Bukele announced the purchase of 410 Bitcoin (BTC) for $15 million in the midst of a day of sharp declines in the cryptocurrency markets, as the flagship cryptocurrency trades below $37,000, last seen during July 2021. “I was wrong, didn’t miss the Bitcoin dip. El Salvador just bought 410 BTC for only 15 million dollars, Some guys are selling really cheap,” Bukele said in a Tweet on Friday. Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars 🥳 Some guys are selling really cheap 🤷🏻‍♂️ https://t.co/vEUEzp5UdU — Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022 With the latest addition, the total Bitcoin holding of El Salvador stands at 1801 BTC, currently valued at about $66 million. A few hours before the announcement, news was also revealed that the government of El Salvador has planned on offering small and medium-sized companies (SME) for $10 million in crypto loans during the first quarter of 2022. Acumen, a Solana-based lending platform, will be financing the initiative of the National Commission for Micro and Small Businesses (CONAMYPE) with an annual interest between 6 percent and 7 percent with a maximum of 10 percent. The platform will use stablecoins like USDC or USDT to Conamype which would then distribute to entrepreneurs through Banco Hipotecario, a government-owned bank. The entrepreneurs would then pay the loan and its interest in the U.S. dollars to the Mortgage Bank, which would then be in charge of paying the debt to Acumen. In September, El Salvador became the first country in the world to adopt bitcoin as legal tender despite criticisms from global financial institutions like the IMF and World Bank. After the acceptance of BTC, the country announced tax exemption for foreign investors on BTC profits. The President of El Salvador later pledged to build a tax-free Bitcoin City for certain crypto investors in addition to establishing geothermal bitcoin mining facilities to make the Central American country a global crypto mining hotspot.

The post El Salvador Just Bought 410 BTC for $15M appeared first on Cryptoknowmics-Crypto News and Media Platform.

Bitcoin Magazine got an exclusive interview with Blockstream's Samson Mow to discuss El Salvador's new Volcano Bitcoin Bond.