El Salvador
Why US Lawmakers Are Considering Legislation on El Salvador’s BTC Adoption
A new bill titled the Accountability for Cryptocurrency in El Salvador (ACES) Act has been presented in the U.S. House of Representatives by a bipartisan group of regulators. “The Hash” panel discusses the legislation's intention to protect the U.S. economy from El Salvador's bitcoin adoption while also touching on concerns raised by global financial institutions like the International Monetary Fund (IMF).
Bitcoin Markets Outlook, What to Expect From Bitcoin Miami 2022
CoinDesk Managing Editor for Markets Brad Keoun shares his price outlook for BTC following a volatile week, noting the behavior of institutional investors. Plus, Managing Editor for Tech Christie Harkin and “All About Bitcoin” host Christine Lee discuss what to expect next week from the Bitcoin 2022 conference in Miami as El Salvador's President Nayib Bukele is set to appear, among other key figures from the bitcoin community.
Why El Salvador’s Dreams for a Crypto Utopia Are Now on Hold
A coin-shaped crypto utopia with zero taxes, powered geothermally by a volcano and funded by bitcoin bonds—That’s what La Unión, a small region in southeastern El Salvador, will become if President Nayib Bukele’s ambitious plan comes to fruition. But after a stalled rollout of the country’s bitcoin bonds, some are skeptical of the plans.
Why El Salvador Postponed Its Bitcoin Bond
El Salvador’s finance minister announced that the country is postponing its $1 billion bitcoin bond offering, which reportedly aims to help fund the “Bitcoin City” project. “The Hash” team discusses El Salvador’s ongoing bitcoin experiment and the international criticism the Central American nation has received from entities like the International Monetary Fund (IMF).
Bank of America: No Crypto Winter Given User Adoption, Developer Activity
Recent analysis from Bank of America indicated that amid increasing concerns of inflation and growing user adoption in the cryptocurrency space, a “crypto winter” is not likely to take place. “The Hash” discusses this thesis, looking at institutional adoption, the magnification of the NFT marketplace, and the use cases for crypto as seen in El Salvador, Canada, and now Ukraine.
El Salvador to Inaugurate Bitcoin-Funded Pet Hospital With Surplus Government Trust Fund
El Salvador will inaugurate a new public pet hospital, funded by a $4 million surplus in a government trust fund caused by bitcoin's rising value, according to President Nayib Bukele. "The Hash" crew questions whether this is the best-use case for the surplus bitcoin. "We're talking about $4 million, in a really poor country ... If you're trying to be an advertisement for bitcoin, go out there and help the people who badly need it," says co-host David Morris.
'OK Boomers': Nayib Bukele Responds to Bipartisan US Senate Proposal Raising Alarms Over El Salvador's Bitcoin Adoption
U.S. Sens. Jim Risch, Bob Menendez and Bill Cassidy proposed a new act that would require a State Department report on mitigating risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender. The legislation quickly drew a sharp rebuke on Twitter from El Salvador President Nayib Bukele calling the senators "boomers." "The Hash" hosts dive into the history of Latin America and U.S. politics. The crew also discusses the essence of this legislation and how it's less about El Salvador and more about keeping the U.S. dollar the reserve currency.
