El Salvador Purchases Another 80 Bitcoin (BTC) Amid Price Dip at an Average of $19,000 per Coin
The president of El Salvador, Nayib Bukele, tweeted that his nation had purchased an additional 80 bitcoins for about $19,000 each before concluding, “Bitcoin is the future.” The purchase would have cost about $1.52 million in total. The Central American nation now holds 2,381 bitcoins, which lowers the dollar cost average price. Nayib made the […]
“You Are Telling Me To Buy More Bitcoin?”: El Salvador President Reacts
Nayib Bukele, the president of El Salvador, recently reacted to a tweet that quoted the finance minister’s statement. Initially, the finance boss, Alejandro Zelaya, stated his optimism that the falling digital currency’s price would not negatively affect the nation’s budgetary health. “Forty million dollars does not even represent 0.5% of our national general budget,” he […]
Bukele shares the first model of Bitcoin City and its airport
The president of El Salvador, Nayib Bukele, published images of the urban planning of Bitcoin City, which he announced last year would be built in his country very soon. Bukele shared some photos on his Twitter account where you can see a model or scale model of what would be the Bitcoin City, located in […]
Ethereum Co-founder Criticizes El Salvador’s Bitcoin Law
El Salvador adoption of Bitcoin as a legal tender has attracted attention from different sectors. Ethereum co-founder is the latest to comment on the development criticizing the approach taken by the Latin American Nation. El Salvador Criticised for Failing to Educate its Prospective Users Buterin made his opinion known in a Reddit post on September […]
El Salvador Won’t Adopt Cardano or Any Other Altcoin as Legal Tender
President Nayib Bukele of El Salvador confirmed in a highly anticipated interview with Bitcoin supporter and denim enthusiast Peter McCormack that this tropical country has not adopted alternative cryptocurrencies as legal tender. Bukele explained that having two official currencies (Bitcoin and USD) is hard enough: “It will be impossible to have ten legal tenders…Having two […]