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"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st
"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st
News  •  Bitcoin  •  Jan 31, 2023 by Walker V

Lebanon is set to devalue its currency by 90% on February 1st, as the country's central bank governor, Riad Salameh, announced that the new official exchange rate will be 15,000 pounds per U.S. dollar. This marks a significant decrease from the current official rate, which has

El Salvador Paid off Bond Maturing in 2023 Despite Media Doubts
El Salvador Paid off Bond Maturing in 2023 Despite Media Doubts
News  •  Bitcoin  •  Jan 24, 2023 by Deniz Saat

On January 24th, 2023 El Salvador’s president, Nayib Bukele, announced that the country was able to pay off an $800 million bond despite numerous media outlets claiming that it would not be able to make payments because of its “Bitcoin bet.” The payment, which followed a prior transaction, included

UK Releases Details on Bitcoin and Cryptocurrency Regulation
UK Releases Details on Bitcoin and Cryptocurrency Regulation

The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country. “We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also

News  •  Bitcoin  •  Feb 01, 2023
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UK Releases Details on Bitcoin and Cryptocurrency Regulation
UK Releases Details on Bitcoin and Cryptocurrency Regulation

The United Kingdom has announced its plans to regulate Bitcoin and other cryptocurrencies within the country. “We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology," said Economic Secretary to the Treasury, Andrew Griffith. “But we must also

News  •  Bitcoin  •  Feb 01, 2023
"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st
"Who Needs Bitcoin?" Lebanon To Devalue Currency by 90% On February 1st

Lebanon is set to devalue its currency by 90% on February 1st, as the country's central bank governor, Riad Salameh, announced that the new official exchange rate will be 15,000 pounds per U.S. dollar. This marks a significant decrease from the current official rate, which has

News  •  Bitcoin  •  Jan 31, 2023
El Salvador Paid off Bond Maturing in 2023 Despite Media Doubts
El Salvador Paid off Bond Maturing in 2023 Despite Media Doubts

On January 24th, 2023 El Salvador’s president, Nayib Bukele, announced that the country was able to pay off an $800 million bond despite numerous media outlets claiming that it would not be able to make payments because of its “Bitcoin bet.” The payment, which followed a prior transaction, included

News  •  Bitcoin  •  Jan 24, 2023
Crypto Lender Genesis Files for Bankruptcy
Crypto Lender Genesis Files for Bankruptcy

Genesis Global Capital and Genesis Asia Pacific, two of Genesis’ lending companies, have both filed for Chapter 11 bankruptcy. According to their announcement, the firm intends to implement a global resolution in order to maximize value for all clients and stakeholders while strengthening its business for the future. Genesis Global

News  •  Technology  •  Jan 20, 2023
El Salvador is Adopting Bitcoin
El Salvador is Adopting Bitcoin

A little over one year after the President of El Salvador, Nayib Bukele, made the historic move to adopt Bitcoin as legal tender, thousands flocked to the country for the second annual Adopting Bitcoin conference.  With over 1,000 conference attendees, Adopting Bitcoin was an opportunity for many westerners who

News  •  Bitcoin  •  Dec 08, 2022
El Salvador Announces To Buy One Bitcoin Every Day
El Salvador Announces To Buy One Bitcoin Every Day

El Salvador’s president, Nayib Bukele, declared late last night that the nation would be buying one Bitcoin every day beginning today. https://twitter.com/nayibbukele/status/1593113857261965312 El Salvador currently has 2,381 BTC Bitcoin in its treasury, which is worth more than $39 million. When the market is

News  •  Bitcoin  •  Nov 17, 2022
Bitcoin Ekasi Opens Financial Education Center in South Africa
Bitcoin Ekasi Opens Financial Education Center in South Africa

According to a press release, a South African circular Bitcoin economy has launched the Bitcoin Ekasi Center to educate local youth, business owners, and entrepreneurs about money management and Bitcoin. The initiative was founded by Hermann Vivier. Ekasi helped and educated staff for ten local businesses to begin accepting Bitcoin

News  •  Bitcoin  •  Oct 11, 2022
Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions in the UAE
Seed Group Partners With CoinCorner To Facilitate Bitcoin Transactions in the UAE

A new partnership between CoinCorner, a Bitcoin and Lightning service provider, and Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, aims to bring Bitcoin services to the United Arab Emirates (UAE) as well as throughout the Middle East in order to improve Bitcoin

Press Release  •  Bitcoin  •  Sep 22, 2022
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