Crypto News in 60 Seconds
June 14, 2022
El Salvador’s president faces criticism for a $18 million loss as bitcoin drops below $23,000 Alejandro Zelaya, El Salvador’s finance minister, reportedly minimized the effect of the Bitcoin fall on the nation’s budget, according to Reuters. After El Salvador declared Bitcoin to be legal cash, its price dropped by 56%. The issue first surfaced on […]
March 19, 2022
El Salvador created history in September 2021 by becoming the 1st nation to officially acknowledge Bitcoin as legal tender. As per the survey by the Salvadoran Chamber of Commerce, Businesses in El Salvador have been sluggish to accept BTC since the country comprehended the digital asset as legal tender in September 2021. Only 14% […]
February 23, 2022
El Salvador’s adoption of Bitcoin as legal tender in September of last year has accelerated an outstanding boost in its Gross Domestic Product (GDP) and for the local tourism improvement. Salvadoran President, Nayib Bukele recently declared that GDP has shown a growth of around 10 percent in 2021 As per Salvadoran Tourism Minister Morena Valdez, […]
