El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed. Per the government-aligned newspaper Diario El Salvador, the man’s name is Corbin Keegan. He was described as “an American bitcoiner who has […] settled on one of the beaches of…
Read more
Google Cloud and the government of El Salvador have entered into a 7-year partnership to digitize the country’s infrastructure in various sectors. Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country. The partnership aims to…
Read more
Javier Milei, a libertarian candidate who supports abolishing the central bank and has praised Bitcoin (BTC), secured an unforeseen triumph by winning the primary presidential election in Argentina. With 90% of the vote counted, Milei from the “La Libertad Avanza” party secured 30.5%. The “Juntos por el Cambio” and “Unidos por la Patria” candidates got…
Read more
Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide. Binance Now Fully Licensed in El Salvador Cryptocurrency exchange Binance announced Tuesday…
Read more
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with its overall excess reserves reaching $3.3 billion.
Tether Attestation Reveals Excess…
Read more
In a series of tweets, 18-year-old Gerardo Moran explained his journey back to his former high school in El Salvador, where he is now teaching senior professors about Bitcoin. A Salvadoran teenager has shared his journey after completing El Salvador’s Bitcoin diploma program, Mi Primer Bitcoin — my first Bitcoin. Now, Gerardo Moran has returned…
Read more
The JAN3 CEO Samson Mow has claimed that El Salvador can serve as a “beachhead” in the battle for global Bitcoin (BTC) adoption – and suggested other LATAM nations could “easily” follow the country’s lead. El Salvador adopted BTC as legal tender in 2021, under the leadership of its Bitcoin-keen President Nayib Bukele. In an…
Read more
El Salvador has broken ground on the construction of an airport for its Bitcoin City project. Around a month ago, the YouTuber Albert Sánchez uploaded what he claimed was aerial footage of construction crews working on the site. The airport is to be known as the Pacífico Airport, but will also go by the moniker…
Read more
Max Keiser, international journalist and chairman of mining company Volcano Energy, has pondered on the importance bitcoin adoption will have for El Salvador in the future. According to Keiser, thanks to bitcoin, El Salvador will be debt free by 2030, as the bitcoin price comes close to one million dollars, and the country advances to…
Read more
Volcano Energy said the funds would go toward developing a 241-megawatt power generation park. A public-private partnership in El Salvador pledging to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This first release of funds kickstarts a 241-megawatt (MW) power generation park in the country’s Metapán region.…
Read more
