Analysts from the US banking institution believe that the adoption of bitcoin as legal tender can benefit the Central American country in four important areas.
Category archives: Bitcoin
Bitcoin Bolstered As Amazon Appears To Dip Its Toe Into Crypto World
Bitcoin sees a spike in price as Amazon shows interest in digital currency.
A Bitcoin mining operation is heating a New York lake like a hot tub
Global cryptocurrency miners would use more energy in a year than all of Chile.
Apple Co-Founder Steve Wozniak Says Bitcoin Is Better Than Gold
“It is uniquely and completely a mathematical formula, which is also immutable, so it is almost a miracle of technology,” said the engineer.
Bitcoin cuts in price below $ 30,000
Various events in recent weeks have caused the cryptocurrency to lose value significantly.
Bitcoin plunges more than 11% due to Chinese ban on cryptocurrency mining
Bitcoin’s slump continues now that the Chinese government has ordered to shut down cryptocurrency mining facilities, wiping out about 90% of mining capacity in the country.
Elon Musk sold 10% of Tesla’s Bitcoins and will accept the cryptocurrency again when it is greener
The optimistic statements of the CEO of Tesla caused a rise in the price of Bitcoin, confirming the influence of Elon Musk in the world of cryptocurrencies.
It is a bad idea for El Salvador to accept Bitcoin as legal currency, IMF warns
El Salvador’s Bitcoin Law has just 16 articles, so the International Monetary Fund (IMF) alerted the country about the “macroeconomic, financial and legal problems” it raises.
El Salvador becomes the first country to approve the legal use of bitcoin
The country’s Legislative Assembly approved a law that will convert the cryptocurrency into legal tender in the country.
Bukele wants El Salvador to be the first country to adopt bitcoin as legal tender
The president announced that he will send the bill next week.