El Salvador prez Nayib Bukele warns US he’s the only one allowed to ruin his country
El Salvador’s authoritarian president is none too pleased with U.S. politicians’ plan to monitor his country’s half-baked adoption of the BTC token as legal tender.
Latest El Salvador News
The CoinGeek Pulse Episode 76: US Treasury scrutinizes NFTs, CBDC grows globally, TAAL mines 3.87GB Bitcoin block
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
IMF to El Salvador: Remove BTC as legal tender
The IMF says that El Salvador is at a heightened risk with its financial and market integrity, financial stability, and consumer protection, but President Nayib Bukele is unmoved.
Where is my BTC? El Salvador residents mysteriously losing money from Chivo wallets
The latest blow to the BTC circus in El Salvador is the mysterious loss of funds from the state-issued Chivo wallets, which the vocal president is quiet about.
Nayib Bukele, BTC, and El Salvador’s treasury—recipe for disaster?
Nayib Bukele believes that forcing people to accept and use BTC will lower El Salvador’s dependence on U.S. monetary policy, as the dollarization of the nation makes it heavily dependent upon USD.
Shocker: Bitcoin in El Salvador is fake
El Salvador actually signed a deal with the Algorand blockchain to handle their national blockchain infrastructure because BTC and Lightning Network* are both incapable of handling the traffic.
El Salvador’s Bitcoin City: Treat it like a capital crime
Currently, Bitcoin City is more style than substance, as more thought has apparently gone into imagining a central plaza shaped like the BTC logo than to more mundane items such as sewage flow.
Zimbabwe weighing BTC as legal tender—here’s why it shouldn’t
The Zimbabwe government is reportedly in consultation with the private sector on possibly making BTC legal tender like in El Salvador, but this would be a mistake.
Mexico won’t legalize digital currency payments, president says
President Andres Manuel Obrador has made it clear that the country doesn’t intend on accepting digital currencies as payments any time soon.
Central bank digital currencies find traction in Central America
Following the bold steps of El Salvador, countries in Central America such as Honduras and Guatemala are looking into analyzing digital currencies with a goal to adopt them.
The CoinGeek Pulse Episode 61: El Salvador BTC rollout setbacks, global regulatory wins, and George Gilder joins CG New York
El Salvador continues to face setbacks after the historic official BTC adoption rollout.
Uzbekistan ‘no plans’ to overturn digital currency payments ban
The comments from Deputy Chairman Behzod Khamraev came after El Salvador adopted BTC as a legal tender, which led to significant protests and unrest in the country.