El Salvador

El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
January 21, 2022  |  Bitcoin

Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed...

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El Salvador: Regulatory Regime for Bitcoin ‘Volcano’ Bonds As Soon As February
El Salvador: Regulatory Regime for Bitcoin ‘Volcano’ Bonds As Soon As February
January 09, 2022  |  Bitcoin

El Salvador is apparently readying a new Bitcoin law. Samson Mow, Chief Strategy Officer of Blockstream — the crypto asset firm overseeing El Salvador’s forthcoming,...

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El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
January 02, 2022  |  Bitcoin

Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC,...

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As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles
As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for...
December 10, 2021  |  Cryptocurrency

El Salvadoran President Nayib Bukele’s $70.7 million bitcoin investment was down $3.4 million — about 5% — a headline in La Prensa Grafica screamed on...

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Bitcoin, Other Crypto Prices Plummet Overnight
Bitcoin, Other Crypto Prices Plummet Overnight
December 04, 2021  |  Bitcoin

Bitcoin lost over 17 percent overnight from Friday (Dec. 3) to Saturday morning, plunging to a low near $42,000 and inching back to $49,000 around...

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Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose...
November 28, 2021  |  Bitcoin

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The...

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Volcano to Power Miners in El Salvador’s Bitcoin City
Volcano to Power Miners in El Salvador’s Bitcoin City
November 22, 2021  |  Cryptocurrency

Call it an urban experiment on a grand scale, where cryptocurrency lays the foundation for daily life — literally — yet may be as explosive...

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El Salvador Plans to Build Tax-Free Bitcoin City
El Salvador Plans to Build Tax-Free Bitcoin City
November 21, 2021  |  Bitcoin

El Salvador is delving further into bitcoin and plans to issue sovereign bitcoin bonds, Bloomberg reported. The country, which has already made bitcoin a legal...

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Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina
Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina
November 21, 2021  |  Bitcoin

Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported....

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