El Salvador | ForkLog

ForkLog 8 01.10.2021

El Salvador begins Bitcoin mining on volcano-powered energy.

El Salvador has begun mining the first cryptocurrency using geothermal energy from volcanoes. President Nayib Bukele announced this on Twitter.

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ForkLog 14 29.09.2021

El Salvador shows Bitcoin mining preparations powered by volcanic energy

President of El Salvador Nayib Bukele posted a video showing preparations for Bitcoin mining at one of the geothermal energy facilities.

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ForkLog 20 28.09.2021

Satoshi’s Worst Nightmare or a Financial Revolution: What Bitcoin Legalisation in El Salvador Could Mean

El Salvador became the first country to grant Bitcoin official currency status. Some hailed the move as a financial revolution, while others dubbed it Satoshi’s worst nightmare. ForkLog examines what the legalisation of cryptocurrency could mean for the country.

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ForkLog 14 27.09.2021

El Salvador’s president says about a third of the population uses the Chivo Bitcoin wallet

El Salvador's President Nayib Bukele said that 2.1 million residents of the country are 'actively using' the Chivo cryptocurrency wallet.

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ForkLog 13 20.09.2021

El Salvador’s government buys 150 more BTC

El Salvador's President Nayib Bukele said the government bought another 150 BTC as the price of the first cryptocurrency fell to $45,000.

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ForkLog 30 17.09.2021

Experts See Threat to El Salvador’s Credit Rating From Bitcoin Legalisation

Bitcoin's legalisation in El Salvador has "immediate negative consequences" for the country's credit rating, as "the risks of adopting cryptocurrency outweigh potential benefits," according to rating agency S&P Global.

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ForkLog 8 16.09.2021

Protesters burn Bitcoin ATM in El Salvador’s capital

Residents of the Salvadoran capital took to the streets on September 15, the country’s bicentennial, to protest the legalisation of Bitcoin and President Nayib Bukele’s recent moves to consolidate power.

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ForkLog 7 14.09.2021

El Salvador’s president acknowledged technical difficulties in implementing Bitcoin payments

In El Salvador, the registration of new users of the Chivo digital wallet was suspended and the app was blocked from being downloaded on new smartphone models. President Nayib Bukele attributed the problems to the compressed timelines for building the cryptocurrency infrastructure.

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ForkLog 8 13.09.2021

El Salvador to exempt foreign Bitcoin investors from taxes

The government of El Salvador will exempt foreign investors from capital gains tax and the income tax on Bitcoin transactions. This was stated by the president's legal affairs adviser Javier Argueta in a comment to AFP.

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ForkLog 5 10.09.2021

Opinion: Payment firms could lose up to $1 billion from El Salvador’s Bitcoin recognition.

Payment companies and systems could lose up to $1 billion per year due to the integration of the Bitcoin wallet Chivo into El Salvador’s financial system, according to Mario Gomez Losada, former product director of the Liquid cryptocurrency exchange and founder of PowerTrade.

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ForkLog 7 09.09.2021

Guatemala and Honduras central banks to study issuing CBDCs

Reuters reports that central banks of Guatemala and Honduras are examining the potential introduction of national digital currencies (CBDCs).

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ForkLog 14 08.09.2021

Charles Hoskinson Predicts Bitcoin Will Be Recognised by Other Countries Following El Salvador

Other countries will follow El Salvador's example and legalise Bitcoin. This view was expressed by Charles Hoskinson, founder and CEO of IOHK, the company behind Cardano.

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