El Salvador
El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter. "The Hash" panel discusses stablecoin issuer Tether's investment in the project and the state of bitcoin mining around the world.
Bitcoin in El Salvador Is 'No Longer an Experiment': Asobitcoin President
Bitcoin transaction fees are, on average $20 per transaction and it surged to as high as $30 on Wednesday morning on the rising popularity of BRC-20 tokens. Asobitcoin President Will Hernandez dissects how this is impacting Salvadoran's use of the cryptocurrency on the ground in El Salvador.
What Surging Bitcoin Transaction Fees Mean for Users in El Salvador
Increasing activities on the Bitcoin network have pushed the average transaction fee to a 2-year high, according to data from BitInfoCharts. Asobitcoin President Will Hernandez discusses the state of El Salvador's bitcoin experiment and whether the transaction fee surge impacts BTC users in the country.
How Bitcoin Beach’s Pioneering Circular Economy Aims to Make a Global Impact
Bitcoin Beach is a coastal community in El Salvador that has garnered over 3,000 bitcoin users, including more than 500 families and 120 businesses. The project's director Mike Peterson joins "All About Bitcoin" to discuss the significance of circular economies and the state of bitcoin adoption. Bitcoin Beach is one of CoinDesk’s Projects to Watch in 2023.
Asobitcoin President on El Salvador’s Bitcoin Experiment
El Salvador’s bitcoin experiment continues as President Nayib Bukele paid off the country's $800 million maturing bond issue in late January. Will Hernandez, president of the Bitcoin Association of El Salvador, discusses the current state of bitcoin adoption in the country and the key initiatives at Asobitcoin. Plus, his take on El Salvador's plans to build a Bitcoin Embassy in Texas and his reaction to IMF calling for greater transparency.
El Salvador Considers Opening 'Bitcoin Embassy' in Texas
El Salvador is in discussions to open a "bitcoin embassy" in Texas, El Salvador's Ambassador to the U.S., Milena Mayorga, said on Tuesday. "The Hash" panel discusses the latest in El Salvador's stumbling bitcoin experiment and the possible outcomes.
Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.
Samson Mow on El Salvador’s Bitcoin Experiment
El Salvador's national assembly is considering a draft bill to regulate digital securities, indicating the country is going ahead with plans to issue bitcoin-backed bonds. JAN3 founder and CEO Samson Mow discusses the current state of President Bukele's bitcoin experiment. Plus, his outlook on bitcoin as the FTX saga continues to unfold.
El Salvador Is Drafting Digital Securities Bill, Paving Way for Bitcoin Bonds
El Salvador's national assembly is considering a draft bill to regulate digital securities, indicating the country is going ahead with plans to issue bitcoin-backed bonds. "The Hash" panel discusses the latest in President Nayib Bukele's bitcoin experiment.
Morgan Stanley Says Record Number of Bitcoin Have Not Been Used for 6 Months; Future of Bitcoin Adoption
A record 78% of Bitcoin has not been used in transactions in the last six months, and the level is increasing, according to a Morgan Stanley research report. Plus, El Salvador and Lugano have signed a memorandum of understanding (MOU) aimed at boosting local and global bitcoin adoption.