Tag: U.S. dollars
El Salvador’s Chivo wallet keeps breaking, and users are seeking answers
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.
U.S. Real Estate Company Harbor To Accept Bitcoin
Most User-Friendly Crypto Platforms
If you are interested in buying or selling cryptocurrencies, you must first create an account with a cryptocurrency exchange. Exchanges are something like stock exchanges, except instead of buying and selling stocks, you buy and sell digital currencies. The best exchanges make this process as user-friendly as possible. Features To Look for in a User-Friendly...
The post Most User-Friendly Crypto Platforms appeared first on Cryptoverze.
El Salvador Just Bought 410 BTC for $15M
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.
NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase
Replacing The U.S Dollar With Bitcoin: Leaving The Gold Standard
Does a Fed digital dollar leave any room for crypto stablecoins?
Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?
These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022
New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today
There’s a major bloodbath on Satoshi Street once again as Bitcoin and Ethereum corrected over 8% each. However, New York City Mayor Eric Adams Is All Set to Buy the Bitcoin Dip later today. As announced earlier, Adams shall be converting his paycheck from U.S. Dollars to Bitcoin and Ethereum. The fund conversion will happen
The post New York City Mayor Eric Adams to Buy Bitcoin (BTC) and Ethereum (ETH) Dips Today appeared first on CoinGape.