Tag Archives: Salvador

[unable to retrieve full-text content]Hello, El Salvador! We’re opening our new offices to support digital transformation  The Keyword | Google Product and Technology News Source link

El Salvador President Nayib Bukele during the Latin Bitcoin conference on November 20, 2021.Marvin Recinos/AFP via Getty Images El Salvador has bought 410 bitcoin for $15 million, the country’s President Nayib Bukele tweeted Friday. “Some guys are selling really cheap,” he wrote, as crypto continued to sell off. Bitcoin has plummeted over the last week and is down almost 50% from its November record high. El Salvador purchased 410 bitcoin worth $15 million as the cryptocurrency’s price plunged,… Source link

Bitcoin’s hasty retreat from $50,000 in the wake of El Salvador’s widely publicized move to allow the digital coin to be used as legal tender left many in the marketplace scratching their heads. In whipsaw trading on Wednesday, Bitcoin (BTC) was down by nearly 2% on the day, though off its steepest declines of the day. Since hitting its Mid-July low of $29,000, Bitcoin has rallied, hitting nearly $53,000 early Tuesday morning before plummeting to a low of $45,000. As investors mulled a “flash… Source link

Investopedia 6 Social Security Changes for 2021 Every October, the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Below is our analysis of the Social Security changes that were announced in Oct. 2020 to take effect on Jan. 1, 2021, according to the SSA’s annual fact sheet. Keep them in mind when you update your Social Security information. For 2021, nearly 70 million Social Security recipients are seeing a 1.3%… Source link

(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report Thursday. A large portion of Bitcoin is locked up in illiquid entities,… Source link

El Salvador is becoming a proving ground for Bitcoin’s biggest ideas. “I really see El Salvador as being the Switzerland of Latin America, if this experiment goes successfully,” Ray Youssef, CEO of peer-to-peer crypto exchange Paxful, said over Zoom.  On Sept. 7, El Salvador will become the first country in the world to adopt bitcoin as legal tender. That could open a new age for the struggling Latin American economy, President Nayib Bukele, the prime mover behind the so-called… Source link

The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has also been touted as a remittance currency for Salvadorans overseas. Photo: Jose Cabezas/Reuters The price of Bitcoin (BTC-USD) rose for a third consecutive day on Friday after El Salvador revealed that it would officiate the cryptocurrency as legal tender on 7 September. The Central American country plans to use bitcoin as a parallel legal tender alongside the US dollar, which has… Source link

Bitcoin enthusiasts at El Zonte Beach in Chiltiupan, El Salvador. Photo: Jose Cabezas/Reuters The price of bitcoin (BTC-USD) hovered just below $40,000 (£28,633) on Thursday as the World Bank rejected a request from El Salvador to help with the implementation of the cryptocurrency as a legal tender. The bank said it could not assist El Salvador’s implementation of bitcoin due to the environmental impact of bitcoin mining, and transparency drawbacks. It comes as research from the Financial… Source link

(Bloomberg) — El Salvador’s Nayib Bukele, Latin America’s youngest president who’s known to break from the norms, said he plans to send legislation that would make Bitcoin legal tender in the country. “In the short term, this will generate jobs and help provide financial inclusion to thousands outside the formal economy,” Bukele said in a video broadcast at the Bitcoin 2021 conference in Miami. He said he would submit the legislature a bill next week. In a series of tweets, the… Source link

[unable to retrieve full-text content]Yahoo Sports’ Launch Pad – Salvador Pérez splashes a 460-footer  Yahoo! Voices Source link