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“# El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers ” The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through arbitrage. On Oct. 19, Chivo’s Twitter account announced that wallet users will not…
“# Salvadoreans are now selling ‘way more’ US Dollars to buy Bitcoin ” El Salvador’s mainstream Bitcoin (BTC) adoption gains momentum during the ongoing bull run as citizens increasingly exchange their United States dollar savings for Bitcoin. President Nayib Bukele shared this new development on Twitter based on the data acquired from El Salvador’s in-house…
“# El Salvador to build $4M veterinary hospital using profits from Bitcoin trust ” Salvadoran president Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador. Taking…
“#El Salvador’s bitcoin use grows but headaches persist” EL ZONTE, El Salvador, Oct 7 – A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars sent daily by migrants using the cryptocurrency. But only a fraction of the Central American nation’s businesses…
“# Arcane Research predicts 700 million Lightning Network users by 2030 ” The research unit of Arcane Crypto predicts the Lightning Network will go parabolic as adoption of the Bitcoin layer-two payment protocol ramps up over the decade. Arcane Research published the “State of Lightning” report on Oct. 5, and analyzed the Lightning Network in…
“# El Salvador introduces fuel subsidy of $0.20 per liter to locals who pay in BTC ” Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per liter reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,”…
“# Bitcoin Depot’s crypto ATMs surpass 5,000 as adoption grows ” Bitcoin Depot’s cryptocurrency ATM network continues to expand, with North American installations surpassing 5,000 for the first time amid a surge in retail adoption. With the milestone, Bitcoin Depot is once again the largest ATM network in North America, the company announced Thursday. The…
“# El Salvador president teases geothermal Bitcoin mining farm ” El Salvador’s President Nayib Bukele shared a video showing the apparent progress of the country’s Bitcoin (BTC) mining plant powered by volcanic geothermal energy. The video shows an overview of a power generation facility with technicians enabling crypto mining rigs. First steps… #Bitcoin pic.twitter.com/duhHvmEnym —…
“# A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims ” Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. The controversial president updated his 2.9 million Twitter followers Saturday…
“# 54% of Salvadorans are not familiar with Bitcoin, survey suggests ” El Salvador has made global headlines with its president’s controversial introduction of Bitcoin (BTC) as legal tender – a move that has sparked dissent from many local citizens and was met with skepticism by the International Monetary Fund. A new survey suggests that…