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An Entire Country Switched to Bitcoin and Now Its Economy Is Floundering

Months after El Salvador announced that it would accept bitcoin as legal tender, the country has found itself on the verge of economic collapse yet again.  The country’s president Nayib Bukele made waves last year when he announced that the nation would accept the token for use at stores and banks. The self-described “CEO of […] дальше »

2022-1-23 22:18


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President Bukele Insists “Inactive” Conchagua Volcano Is Perfect To Power El Salvador’s Mega Bitcoin City

Steve Hanke’s outburst against President Bukele’s Bitcoin policy this week has escalated to a whole new level, prompting Bukele to zero in on the economist’s remarks in a not-so-presidential manner. It all started on Thursday after Steve likened El Salvador’s anticipation for the proposed Bitcoin City to Florida preparing for snow, insinuating that it was […] дальше »

2022-1-9 21:21


Президент Сальвадора: цена биткоина достигнет $100 000 в 2022 году

Президент Сальвадора Найиб Букеле выразил уверенность, что в 2022 году цена первой криптовалюты вырастет до $100 000. 2022 predictions on #Bitcoin:•Will reach $100k•2 more countries will adopt it as legal tender•Will become a major electoral issue in US elections this year•Bitcoin City will commence construction•Volcano bonds will be oversubscribed•Huge surprise at @TheBitcoinConf— Nayib Bukele 🇸🇻 (@nayibbukele) January 2, 2022 Букеле также предположил, что: еще две страны признают биткоин в качестве законного платежного средства;цифровое золото станет одной из ключевых тем на выборах в Палату представителей США;начнется строительство Биткоин Сити;подписка на криптооблигации (Volcano bonds) превысит их рыночное предложение. дальше »

2022-1-2 12:56


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Gloomy 2022 Beckons For Bitcoin As Usage Reportedly Drops 89% In El Salvador

Nayib Bukele may have had a field year, amassing over 1,300 BTC since the announcement of El Salvador’s official adoption of Bitcoin as legal tender in September. However recent reports now reveal that Bitcoin transaction rates in the Central-American country have reached a four-month low with over 85% of the population showing waning interest in the […] дальше »

2022-1-1 14:09


Романтика по-латиноамерикански: Сальвадор купил 21 биткойн 21 декабря 21 года 21 века

Правительство Сальвадора сообщило о покупке еще 21 биткойна. Президент страны Найиб Букеле (Nayib Bukele) объяснил, что хотел отметить последний 21-й день 21-го года 21-го века. Число было выбрано не случайно — ведь эмиссия биткойна ограничена 21 млн монет. дальше »

2021-12-24 08:00


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El Salvador Government Continues Bitcoin Accumulation, Makes New Symbolic Purchase

The President of El Salvador, Nayib Bukele, announced a new purchase of 21 Bitcoin. While the latest buy is small compared to previous acquisitions, the purchase was made to celebrate a date. El Salvador Buys Fresh 21 BTC Tweeting on Tuesday, President Bukele stated that the government bought 21 BTC to celebrate the 21st dayRead More дальше »

2021-12-23 05:00


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El Salvador Purchases Another 21 Bitcoins To Mark The 21st Day of 21st Year of 21st Century

President Nayib Bukele announced the purchase of an additional 21 Bitcoins on Wednesday at an average price of $49,310, bringing the country’s total stash to 1,291 coins. Unlike previous purchases which have been informed by Bitcoin’s dip, the latest one was done in commemoration of a special day in the cryptocurrency’s history; in fact, one […] дальше »

2021-12-22 12:42


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El Salvador’s Pro-Crypto President Bukele Criticizes The US Treasury For Uncontrolled Money Printing

El Salvador’s President Bukele cannot still get his head around the fact that the U.S. treasury keeps printing more money despite the ballooning inflation. Commenting on the FED’s Jerome Powell’s defense of his “transitory inflation claims” in a Senate Banking Committee hearing on Tuesday, the pro-crypto president expressed his distaste for how the Powell administration […] дальше »

2021-12-2 22:35


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Bank Of England Governor Worried El Salvador Citizens Will Get Hurt By Bitcoin’s Use As Legal Tender

Bank of England Governor Andrew Bailey has expressed concerns about El Salvador making bitcoin its legal tender, considering the risk related to the cryptocurrency. This comes just days after President Nayib Bukele announced plans to build a “Bitcoin City” powered by the Conchagua volcano and funded by Bitcoin bonds. дальше »

2021-11-27 16:04


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El Salvador President Announces “Bitcoin City” Tax Haven

Bitcoin City El Salvador’s president Nayib Bukele has announced the country’s plans to build the world’s first fully Bitcoin bonds-backed “Bitcoin City.” Bukele made the announcement over the weekend as part of a cringe-inducing live show, featuring bright concert-style lighting — and projections of UFOs for some reason. The Bitcoin City will be income, property, […] дальше »

2021-11-23 01:23


El Salvador Announces Plan to Buy Half a Billion Worth of BTC to Fund the “Bitcoin City”

To make El Salvador the financial center of the world, President Nayib Bukele announced the tax-free city, which will be funded by $1 billion worth of Bitcoin-backed bonds. The post El Salvador Announces Plan to Buy Half a Billion Worth of BTC to Fund the “Bitcoin City” first appeared on BitcoinExchangeGuide. дальше »

2021-11-22 16:46


El Salvador to Build ‘Bitcoin City’ Powered by Geothermal Energy

A volcano-powered Bitcoin City will be partially funded by $1B in government-issued, dollar-denominated, bitcoin bonds via Blockstream’s Liquid Network, a sidechain of the Bitcoin Mainnet. The President of El Salvador, Nayib Bukele, remains bullish about crypto, announcing the construction of an income and property tax-free “Bitcoin City. дальше »

2021-11-22 14:50