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“# El Salvador buys the dip as Bitcoin price flash crashes to $42.9K ” Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday,…
“# Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo ” Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet known as Chivo. In conjunction with Bitcoin becoming legal tender in El Salvador, Bitso announced on Sept. 7 that…
“# September 7 is ‘Bitcoin Day’ in El Salvador as BTC becomes legal tender ” It is Sept. 7, and El Salvador’s Bitcoin Law has officially come into effect three months after its parliament passed the historic vote. The Central American nation is now the first country to recognize Bitcoin (BTC) as legal tender. Tweeting…
“# Russia not ready to accept Bitcoin as legal tender, says Kremlin ” Amid El Salvador officially accepting Bitcoin (BTC) as legal tender on Tuesday, Sept. 7, the Russian government has reiterated its negative stance to a scenario where BTC could be accepted as an official currency. Dmitry Peskov, the official representative of Russian President…
“# Republic of Panama introduces bill for regulating crypto ” Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH). On Sept. 6, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to…
“# El Salvador purchases first 200 BTC, President Bukele confirms ” El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the…
“# 70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near ” With less than a week to go before El Salvador’s Bitcoin Law takes effect on Sept. 7, a majority of citizens surveyed are opposed to government-mandated cryptocurrency adoption. A survey conducted by the local Central American University’s (UCA) Institute of…
“# Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches ” Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous…
“# El Salvador police arrested and released Bitcoin detractor without a warrant ” An El Salvadorian news outlet has reported that local police arrested a computer and cryptocurrency expert who was critical of the country accepting Bitcoin as legal tender for hours before later releasing him. According to multiple interviews conducted Wednesday by La Prensa…
“# Legislative Assembly of El Salvador approves $150M Bitcoin Trust ” El Salvador’s Legislative Assembly has passed legislation creating a $150 million dollar Bitcoin Trust and supporting the development of crypto infrastructure and services across the country. The bill passed on Aug. 31, with 64 officials voting in favor and 14 opposing the trust’s creation….