«The most sensible thing would be to turn off the Chivo Wallet due to the controversy it has generated since its inception. Numerous users have experienced account lockouts, while others have taken advantage of the Bitcoin wallet to carry out fraud. It is for this reason that I believe that the International Monetary Fund has … Read more
Salvadoran users criticize Chivo Wallet for more failures. The Government promises a transition without interruptions, but uncertainty persists. For more than three years, complaints about the Chivo Wallet, the bitcoin wallet launched by the government in 2021, were abundant. Now, faced with the announcement of its possible sale or definitive closure, Salvadoran users express their … Read more
This week the bitcoin (BTC) ecosystem was marked by several important events related to the market and finances. On the one hand, the pioneering digital currency continued to advance its rally, setting a new all-time high of more than USD 108,000. However, this time the enthusiasm was short-lived, because by December 18, BTC registered a … Read more
El Salvador has a BTC treasury valued at more than USD 580 million. In this way, the country reaffirms its commitment and puts a stop to skeptical views. This Thursday, December 19, El Salvador, under the government of Nayib Bukele, added 11 BTC to its treasury, reaffirming its long-term vision and destroying the pessimistic speculations … Read more
Bukele did not give up, they say from the Bitcoin Beach citadel project. Despite advanced regulation, IMF seeks transparency and control over bitcoin in El Salvador. Bitcoin (BTC) plays a central role in the agreement reached by El Salvador and the International Monetary Fund (IMF) to grant the Central American country a loan of USD … Read more
El Salvador decided to discontinue the government-created Bitcoin wallet, Chivo Wallet, as part of an agreement with the International Monetary Fund (IMF). This measure is announced as a requirement to access a loan of USD 1.4 billion from the multilateral organization. Stacy Herbert, the director of the National Bitcoin Office of El Salvador, confirmed on … Read more
After more than three years of negotiations, the International Monetary Fund (IMF) and the government of El Salvador reached an agreement to grant the Central American country a loan for USD 1.4 billion, within the framework of the Extended IMF Facility (SAF). According to reports the IMF On its official site, the program aims to … Read more
The financial entity will be able to finance projects through the tokenization of assets. The president of the CNAD, Juan Carlos Reyes, values the incorporation of the bank to the registry. The National Digital Assets Commission (CNAD) of El Salvador included Banco Atlántida, a financial entity with more than $3.6 billion in assets, in its … Read more
Keizer believes that bitcoin will soon accelerate the loss of value of the gold metal. The accelerated adoption of bitcoin increasingly challenges the gold market. President Nayib Bukele’s decision to accumulate bitcoin (BTC) and gold, as treasures of El Salvador, has sparked an intense debate in the community that revolves around cryptocurrencies. Max Keiser’s advice … Read more
There are currently no gold mines operating in El Salvador, something that President Nayib Bukele wants to change. For this reason, in the coming days, it will send to the Legislative Assembly a request to repeal the Mining Prohibition Law in El Salvador, with the aim of beginning to carry out “responsible exploitation” of this … Read more