El Salvador
Why Is the IMF So Afraid of Cryptocurrency?
The IMF is not a neutral aid organization, but the economic arm of a vast power structure. Crypto threatens that power.
Bank of America: No Crypto Winter Given User Adoption, Developer Activity
Recent analysis from Bank of America indicated that amid increasing concerns of inflation and growing user adoption in the cryptocurrency space, a “crypto winter” is not likely to take place. “The Hash” discusses this thesis, looking at institutional adoption, the magnification of the NFT marketplace, and the use cases for crypto as seen in El Salvador, Canada, and now Ukraine.
El Salvador to Inaugurate Bitcoin-Funded Pet Hospital With Surplus Government Trust Fund
El Salvador will inaugurate a new public pet hospital, funded by a $4 million surplus in a government trust fund caused by bitcoin's rising value, according to President Nayib Bukele. "The Hash" crew questions whether this is the best-use case for the surplus bitcoin. "We're talking about $4 million, in a really poor country ... If you're trying to be an advertisement for bitcoin, go out there and help the people who badly need it," says co-host David Morris.
'OK Boomers': Nayib Bukele Responds to Bipartisan US Senate Proposal Raising Alarms Over El Salvador's Bitcoin Adoption
U.S. Sens. Jim Risch, Bob Menendez and Bill Cassidy proposed a new act that would require a State Department report on mitigating risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender. The legislation quickly drew a sharp rebuke on Twitter from El Salvador President Nayib Bukele calling the senators "boomers." "The Hash" hosts dive into the history of Latin America and U.S. politics. The crew also discusses the essence of this legislation and how it's less about El Salvador and more about keeping the U.S. dollar the reserve currency.
Bipartisan Senate Proposal Raises Alarm Over El Salvador's Bitcoin Adoption
The legislation quickly drew a sharp rebuke from El Salvador President Nayib Bukele.
El Salvador to Issue $1B Bitcoin Bond Between March 15-20
El Salvador's bitcoin bond is coming. Samson Mow, Chief Strategy Officer at Blockstream, tells "All About Bitcoin" that commitments are mainly coming from bitcoin whales and crypto hedge funds. He provides an update on bond issuers and the official launch date timeline.
Fitch Downgrades El Salvador to CCC Weeks Before Bitcoin Bond Issue
The firm cites concerns over the country's ability to service debt, its concentration of power in the presidency and adoption of bitcoin as legal tender.
El Salvador Bitcoin Bond Issuance Coming as Soon as March 15: Finance Minister
In a TV appearance, Alejandro Zelaya also confirmed that the coupon for the paper will be 6.5%.
5 Tips for Traveling in El Salvador Spending Only Bitcoin
Even though President Bukele has made the cryptocurrency legal tender, it isn't super easy for visitors to get by on bitcoin alone. But with a few tricks, it's possible and fun.
