Tag: El Salvador
El Salvador May Become One of the World’s Richest Countries Due to Bitcoin Holdings
Bukele had initiated a strategy for the nation to acquire 1 BTC daily, accumulating over 2,000 BTC, which is now valued at upwards...
Bench-marking with the top three blockchain countries
In 2022, despite the horrendous crypto crash, experts valued the Global Web 3.0 Market at $3.34 billion.
In June 2021, El Salvador became...
Australia kicks-off the year at a high not in the crypto market
Australia has officially dethroned El Salvador as the world's fourth-largest Crypto ATM hub.
By 2023, it had 219 active crypto ATMs overshadowing El...
El Salvador beefs up on the already existing Bitcoin Law
President Nayib Bukele added several laws advocating the incorporation of other digital currencies within the crypto ecosystem
He stated that making Bitcoin legal...
Bitcoin, El Salvador make headlines in the Guinness world records 2023
Bitcoin earned a Guinness world record 2023 recognition as the most valuable decentralized cryptocurrency
El Salvador received recognition as the first country to...
What we learnt from El Salvador, Bitcoin 1 year later
El Salvador’s master plan included the launch of a Bitcoin volcanic bond; cryptocurrency-backed government borrowing
Just 6 months after it came into effect,...
Central African Republic announces plans for a central bank digital currency
The Central African Republic has announced plans to introduce a Central Bank Digital Currency in the 3rd quarter of 2022
The currency to...
The Lightning Network: A critical tool to the success of crypto in Africa
The Lightning Network is a second-layer payment protocol that operates on top of a blockchain that intends to solve the scalability problems of...
IMF to assist El Salvador in bitcoin currency implementation despite past stance
President Nayib Bukele has bought over 2,301 Bitcoin. The total purchases cost about US$104 million that he has taken for it from public funds
...
El Salvador hosts 44 countries to discuss the future of bitcoin in governance
The ongoing 2022 crypto crash has cost El Salvador over US$40 million
President Nayib Bukele announced on his Twitter page that the country...