El Salvador
Bitcoin Back Over $60K as El Salvador Buys 420 BTC
After a swoon in recent days, the largest cryptocurrency bounced back after the Central American country bought the dip.
El Salvador ‘Buys the Dip,’ Acquires 420 Additional Bitcoin
El Salvador’s President Nayib Bukele said in a series of tweets, “It was a long wait, but worth it. We just bought the dip!”
El Salvador’s State-Owned Banco Hipotecario Taps Four Crypto Startups for Blockchain Products
The four-member alliance is already working on products to boost financial inclusion with bitcoin in the Central American country.
IMF Views ‘Cryptoization’ as Threat to Global Economy
In its semi-annual Global Financial Stability Report, the IMF says the adoption of a cryptocurrency as national currency “carries significant risks and is an inadvisable shortcut.”
Buterin Calls Mandatory Acceptance of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’
Ethereum co-founder Vitalik Buterin criticized the forced adoption of bitcoin in El Salvador in a comment he made in a Reddit forum on Friday, noting that “making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space.”
Buterin Calls Mandatory Acceptance of Bitcoin in El Salvador Counter to Crypto’s ‘Ideals of Freedom’
The Ethereum co-founder’s comments appear to refer to an article in El Salvador’s Bitcoin Law, but in reality the requirement for merchants to accept bitcoin is not that clear.
BitGo CEO on Bitcoin: ‘Large Peak, Large Retreat Ahead’
As bitcoin bounces back above $49,000, Mike Belshe, CEO of institutional crypto custody and security firm BitGo, discusses his short-term outlook and long-term price prediction for BTC. “We will probably … see a large peak and then a large retreat,” Belshe said. “It’s a volatile space. Be prepared for it.”
El Salvador Mines First Bitcoin With Volcanic Energy
Almost 22% of the country’s power market is geothermal.
El Salvador Mines First Bitcoin With Volcanic Energy
“The Hash” team reacts to El Salvador President Nayib Bukele, revealing the country has officially mined the first bitcoin using volcanic energy. With almost 22% of the country’s energy supply coming from geothermal sources, could El Salvador provide an answer to the hunt for a reliable, clean energy source to power bitcoin mining?
SEC Chair Gensler Reiterates Support for Futures-Based Bitcoin ETFs
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated his support Wednesday for a narrow class of bitcoin exchange-traded funds (ETFs) that would invest in futures contracts instead of the crypto itself. CoinDesk's Galen Moore discusses the outlook for the U.S. ETF landscape, suggesting the likelihood of a spot ETF getting approved compared to a bitcoin futures ETF. Plus, his views on El Salvador using volcanic energy for bitcoin mining.
