Bitcoin City

Crypto enthusiast Nayib Bukele, who is the president of El Salvador, announced that the Central American country will buy one Bitcoin every day. This comes three and a half months after El Salvador made its last Bitcoin purchase in July. It…
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In recent reports, El Salvador has agreed with the Lugano city based in Switzerland on the nature of Bitcoin (BTC) adoption. The memorandum is mandated to help in the spread and adoption of digital currency within the continent. According…
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As the market is turning bearish and the Bitcoin prices are falling the president of El Salvador, Nayib Bukele, decided to address concerns with some advice. It was Nayib Bukele who pushed for giving Bitcoin (BTC) the status of a legal…
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El Salvador President Nayib Bukele has tried to reassure crypto investors that things may not be as bad as they seem. The Bitcoin enthusiast advised people to stop looking at the charts and to enjoy life instead. Bukele took to Twitter to…
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Not too long ago, El Salvador adopted Bitcoin as a form of legal currency. This caused some consternation in the US and three US senators proposed specific action in the form of a bill. The bill will look at how El Salvador’s Laws work…
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Despite the big push and a large fraction of people downloading Chivo Wallet, usage of Bitcoin for everyday transactions is low in El Salvador. The US National Bureau of Economic Research says this is concentrated among the banked,…
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Fitch is a well-known credit ratings firm and uses multiple factors like debt load and interest changes in a country to rate its creditworthiness. A new report issued by Fitch indicates that El Salvador has been downgraded to ‘CCC’ ratings,…
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Stubbornly chasing a Bitcoin-based solution has cost El Salvador dearly, says Carlos Acevedo, a former president of the Central Reserve Bank of El Salvador who served under Mauricio Funes from 2019 to 2013. He highlighted that it has killed…
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Following in the footsteps of El Salvador, Vanuatu prime minister Bob Loughman has given the nod to Satoshi Island. An official letter stated that the island nation’s government supports the proposal for the development of a…
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El Salvador has postponed its much-awaited bitcoin bond as it wants the market conditions to improve. The Nayib Bukele-led government had plans to issue the $1 billion bitcoin bonds to investors between the 15th-20th of March. This has also…
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