El Salvador | ForkLog

ForkLog 17 07.12.2021

Expert questions viability of geothermal Bitcoin mining in El Salvador

Using geothermal energy from volcanoes for Bitcoin mining would be more expensive than burning oil. This view is held by Ricardo Navarro, a laureate of the prestigious environmental award, The Telegraph reports.

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ForkLog 54 27.11.2021

El Salvador’s Bitcoin fund buys 100 more BTC

El Salvador's President Nayib Bukele said the state Bitcoin fund used the dip in bitcoin's price to buy another 100 BTC.

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ForkLog 22 26.11.2021

Bank of England governor warns El Salvador over bitcoin volatility

Salvadoran citizens may be harmed by bitcoin volatility due to the authorities' decision to legalise digital gold. Bank of England Governor Andrew Bailey said this, according to Bloomberg.

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ForkLog 33 23.11.2021

IMF Again Criticises Bitcoin Legalisation in El Salvador

The IMF has again criticised El Salvador's decision to recognise Bitcoin as an official currency. In its assessment, the organisation stated that the cryptocurrency should not be used as legal tender.

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ForkLog 17 21.11.2021

El Salvador to issue $1 billion Bitcoin bonds on the Liquid Network

The government of El Salvador has struck a deal with Blockstream and iFinex (the parent company of Bitfinex and Tether) to issue $1 billion in Bitcoin bonds on the Liquid Network.

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ForkLog 23 04.11.2021

El Salvador to Build 20 Schools Using Bitcoin Profits

El Salvador will allocate part of the profits from Bitcoin operations to financing the construction of 20 modern schools. President Nayib Bukele announced this.

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ForkLog 26 28.10.2021

El Salvador’s state Bitcoin fund buys an additional 420 BTC

President Nayib Bukele said the government used a local dip in the exchange rate to increase bitcoin reserves. The state fund bought an additional 420 BTC.

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ForkLog 28 20.10.2021

Volaris begins accepting Bitcoin payments in El Salvador

President Nayib Bukele announced that the local airline Volaris El Salvador has begun accepting payment in the first cryptocurrency.

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ForkLog 11 19.10.2021

Chivo Wallet disables Bitcoin price display

Developers of the Salvadoran Bitcoin wallet Chivo disabled the ability to view the price during a transaction. Some citizens used this feature to profit.

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ForkLog 13 18.10.2021

El Salvador’s president: population actively uses Chivo wallet to convert dollars into bitcoin

On 15 October, the Salvadoran bitcoin wallet Chivo recorded 24,076 remittances totaling $3,069,761. This was reported by President Nayib Bukele.

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ForkLog 21 10.10.2021

El Salvador to channel Bitcoin profits into building a veterinary clinic

El Salvador is using part of the profits from Bitcoin operations to build a veterinary clinic. President Nayib Bukele announced this on October 10.

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ForkLog 17 09.10.2021

Vitalik Buterin calls El Salvador’s Bitcoin legalization ‘foolhardy’

Vitalik Buterin criticised El Salvador's decision to recognise Bitcoin as an official monetary unit. The Ethereum founder emphasised that forcing the integration of digital assets into the financial system 'runs counter to the ideals of freedom'.

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