El Salvadors Bitcoin Mining Volcanode Took its First Steps
Bitcoin Salvador's

El Salvadors Bitcoin Mining Volcanode Took its First Steps

Source: A video screenshotThe President of El Salvador Nayib Bukele has wowed the Bitcoin (BTC) world with a short video that appears to show BTC mining rigs going online at a geothermal power plant that harnesses energy from the nation’s active volcanoes.Bukele did not explain how many machines were now online or how much electricity…

Inside El Salvador’s Bitcoin Law Implementation
Inside Salvador's

Inside El Salvador’s Bitcoin Law Implementation

Watch On YouTubeListen:AppleSpotifyLibsynOvercastEarlier this month, El Salvador officially implemented its revolutionary Bitcoin law, recognizing BTC as legal tender, compelling businesses across the country to accept the currency and introducing a state-sponsored bitcoin wallet called Chivo.The date was generally celebrated by the international Bitcoin community, but to share a more precise account of what this implementation…

El Salvador’s credit history could get hit amid Bitcoin adoption warns S&P Global
Credit Salvador's

El Salvador’s credit history could get hit amid Bitcoin adoption warns S&P Global

S&P Global believes El Salvador’s recognition of Bitcoin as legal tender has brought “immediate negative implications” for its credit rating.

El Salvador’s Bitcoin wallet is certainly ‘95% set,’ President Bukele says
Bitcoin Salvador's

El Salvador’s Bitcoin wallet is certainly ‘95% set,’ President Bukele says

El Salvador’s state Bitcoin wallet has continued facing major issues in a week after the official rollout.

El Salvadors Historical Adoption Could Send Bitcoin Last $100,000
Historical Salvador's

El Salvadors Historical Adoption Could Send Bitcoin Last $100,000

Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.Summary Of The WeekIt’s been a whirlwind week in bitcoin as El Salvador officially started accepting bitcoin as legal tender, giving citizens $30 worth of bitcoin each and paving…

El Salvadors Bitcoin detractors: Opposition mounts despite crypto rollout
Bitcoin Salvador's

El Salvadors Bitcoin detractors: Opposition mounts despite crypto rollout

Resistance against El Salvador’s move to make Bitcoin a legal tender persists even as the law comes into effect.

El Salvador’s largest bank partners with Flexa for Bitcoin payments
Largest Salvador's

El Salvador’s largest bank partners with Flexa for Bitcoin payments

Bancoagrícola will work with Flexa to accept Bitcoin across the bank’s network for payments like loans and credit cards.

El Salvadors Bitcoin Adoption To Trim Western Union Revenue, Raise Population Wealth
Bitcoin Salvador's

El Salvadors Bitcoin Adoption To Trim Western Union Revenue, Raise Population Wealth

Money services providers could lose $400 million a year in commissions for remittances thanks to bitcoin, increasing Salvadorans’ money.El Salvador’s bitcoin adoption will increase the wealth of its people while diminishing the commission fees paid out to intermediaries, CNBC reported. President Nayib Bukele estimates that companies like Western Union and MoneyGram will lose about $400…

El Salvadors Biggest Bitcoin Critics Produce Embarrassing Public Statements
Biggest Salvador's

El Salvadors Biggest Bitcoin Critics Produce Embarrassing Public Statements

A pair of high-ranking officials in El Salvador’s ruling party, Nuevas Ideas, took aim at critics who stand in opposition to the country’s forthcoming Bitcoin legal tender law on Tuesday.A pair of high-ranking officials in El Salvador’s ruling party, Nuevas Ideas, took aim at critics who stand in opposition to the country’s forthcoming Bitcoin legal…

El Salvador’s Democratic Assembly Approves $150 Million Bitcoin Trust
Democratic Salvador's

El Salvador’s Democratic Assembly Approves $150 Million Bitcoin Trust

The Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador.The deputies of the Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between…