El Salvador’s Bitcoin Journey Hits 4-Year Mark, Results Still Divisive
El Salvador marked the fourth anniversary of its Bitcoin legal tender law with another purchase — a deliberate, headline-ready buy that keeps the country’s crypto holdings on display. Related Reading: Russia Looks To Open Crypto Market Wider For Citizens – Details Government Figures Show 21 BTC Were Added According to President Nayib Bukele and the […]
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The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. These difficult issues have thwarted the setting within the last 90 days from the time […]
Billionaire Shark Tank investor Mark Cuban has shared his idea of what he will do when the price of bitcoin hits $1 million. Cuban says he will run for president but only if some bitcoins are donated to the Treasury so that every citizen receives some satoshis each year he is in office. He will require them to hold onto the coins for 10 years. Mark Cuban Envisions Running for President When Bitcoin Hits $1 Million Shark Tank star Mark Cuban tweeted about bitcoin and the U.S. presidential election Tuesday in reply to a thread started by the Virgin Galactic chairman Chamath Palihapitiya. The....
Believe it or not, El Salvador’s Bitcoin Law is only one year old. This is a multi-year project in its infancy. What mainstream media is working extra hours to call “a failure” is the equivalent of a baby. Why do they hate babies so much? All jokes aside, there are several areas where criticism of […]
A newly disclosed set of deadlines from the International Monetary Fund (IMF) appears set to sharpen oversight of El Salvador’s Bitcoin during the coming year and beyond. According to information released by journalist Ricardo Valp of El Faro, President Nayib Bukele’s administration allegedly agreed to share comprehensive data on its BTC holdings and transactions in […]
Everything surrounding the ACES act is almost comedic. U.S. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the “Accountability for Cryptocurrency in El Salvador” AKA the ‘‘ACES Act.’’ It’s bipartisan legislation that would allow the U.S. to produce a full report on El Salvador’s post-Bitcoin Law situation. Related Reading | Crypto Regulation: U.S. Senator […]