Auto Added by WPeMatico

El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the…

Continue ReadingEl Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’

El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and…

Continue ReadingSalvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’

IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender…

Continue ReadingIMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months

El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran…

Continue ReadingEl Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months

Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament

The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to…

Continue ReadingKingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament

El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City

The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin…

Continue ReadingEl Salvador to Add More Geothermal Energy Sources to Power Bitcoin City

El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC

El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City…

Continue ReadingEl Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC

Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and…

Continue ReadingSalvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’

El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin

The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He…

Continue ReadingEl Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin