Cryptonews Tags Latin America

# Latin America (Page 8)

Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution

“Several companies” are eyeing Latin America – and countries like Argentina and Paraguay in particular – as they look to create new bases for Bitcoin (BTC) and altcoin mining operations.Per Infobae and La Nacion, other firms are looking to follow in the footsteps of the...

Bullish Bukele Buys Bitcoin ‘Dip,’ Snapping up BTC 420

As bitcoin (BTC) prices fell below the USD 60,000 mark, the El Salvadoran President Nayib Bukele has doubled down on his bitcoin adoption drive by snapping up BTC 420 (USD 25m).In a series of tweets, Bukele stated that his government had decided to “buy the dip,” and was “already...

Buoyant Bitcoin Prices Met with Silence by El Salvador’s Anti-BTC Critics

As bitcoin (BTC) prices continue to hover around the USD 60,000 mark, a kind of hush has fallen over much of the El Salvador mainstream media – most of which is vehemently opposed to both President Nayib Bukele and his bitcoin adoption drive.As previously reported, the right-wing, populist...

Argentinian Futures and Options Exchange Readies Bitcoin Index Move

Argentina’s Futures and Options Exchange says it is taking “tentative crypto steps” – and could be set to follow the American bitcoin (BTC) exchange-traded fund (ETF) rush.Per La Capital, the Rosario-based exchange, known as the Matba Roflex, has put forward a “Bitcoin...

El Salvador Bitcoin ‘Scalpers’ Force App Turnaround as Chivo Criticism Continues

The government of El Salvador has come under scrutiny again for its Chivo bitcoin (BTC) app and wallet – after its operators temporarily froze price viewing on Chivo to stave off “scalpers.”In a series of tweets on Monday, the official Chivo Twitter account explained:“We had...

‘Identity Theft’ Criminals Plundering El Salvador Bitcoin Wallet Funds

The media in El Salvador has reported that some citizens are resorting to “identity theft” in a bid to obtain USD 30 worth of bitcoin (BTC) through the government’s Chivo wallet and app.The government has attempted to incentivize downloads by offering citizens the funds as a...

Buoyant Bukele Blasts Critics as Bitcoin Price Booms and Salvadorans Buy BTC

The El Salvador President Nayib Bukele appears to be in a triumphant mood as global bitcoin (BTC) prices rise, claiming that citizens are going on a BTC buying spree and lashing out at opponents – but reports of bugs and unresolved issues connected to the Chivo wallet continue to...

Latin America Talks Bitcoin, Regulation, Mining & Cocaine

Crypto regulation is on the cards in Latin America – where Brazilian MPs are set to vote on a regulatory framework and the Uruguayan central bank is readying its own moves. Meanwhile, in Colombia, a senator has urged people in the nation to ditch cocaine production in favor of new Bitcoin...

Academic Says Bukele’s Bitcoin Mining Test Is ‘Bad Business’

A leading Salvadoran engineering academic has claimed that volcano-powered Bitcoin (BTC) mining could be ruinous for the nation’s economy, and says that the government has spent USD 4,672 worth of public funds to mine just USD 269 in BTC.Per El Diario de Hoy, Carlos Martínez, a...

First Volcano Bitcoin Mined, Says El Salvador’s President

El Salvador’s president seems hell-bent on making Bitcoin (BTC) firsts – this time announcing the first BTC mined with volcanoes (for newcomers, yes, you read that right - volcanoes).“We’re still testing and installing, but this is officially the first Bitcoin mining from...

, by Sead Fadilpašić

El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App

The government of El Salvador has launched a drive to help promote its Chivo bitcoin (BTC) wallet – allowing citizens and businesses who use the app to buy fuel at a discounted rate as global prices rise.President Nayib Bukele announced that the Chivo operators had negotiated a deal with two...

Level of LatAm Crypto Interest is Lowest in Chile, Survey Finds

Chileans are the “least interested people in crypto in the Latin American region,” a new survey has found – and over a quarter of the respondents say they have no idea what bitcoin (BTC) is.In a study conducted by the LatAm-focused PR agency Sherlock Communications, 2,700 people...

El Salvador’s Bitcoin Mining ‘Volcanode’ Takes its ‘First Steps’

The President of El Salvador Nayib Bukele has wowed the Bitcoin (BTC) world with a short video that appears to show BTC mining rigs going online at a geothermal power plant that harnesses energy from the nation’s active volcanoes.Bukele did not explain how many machines were now online or how...

Angry Bukele: No Salaries or Pensions Will Be Paid in BTC, Critics are Lying

Nayib Bukele, the President of El Salvador, has stated that companies are free to “offer whatever services they like using bitcoin (BTC),” but has again refuted the notion that the state will seek to pay pensions or allow firms to pay wages in anything other than fiat USD.He took to...

What Are Salvadorans Doing with their USD 30 Bitcoin Giveaways?

One of El Salvador’s biggest newspapers has tried to answer the question of what Salvadorans have been doing with their USD 30 bitcoin (BTC) handouts - finding five ways they've been using it. The government has attempted to incentivize BTC adoption and drive up interest in its Chivo...

‘Dictator’ Bukele ‘Buys the Bitcoin Dip’ as 1.1M Users Flock to Chivo Wallet

The El Salvador President Nayib Bukele claims that the state-run Chivo bitcoin (BTC) wallet and app now has 1.1m users, or 17% of the country's population – despite the fact that the app is still yet to be made available to “65% of the phone models” used in the nation. Bukele also...

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