Bitcoin has a future in more countries, young people are positive about cryptocurrency: Cardano founder

Bitcoin recently made its historic debut as legal tender in El Salvador. Following the crypto milestone, Cardano founder and Ethereum co-founder Charles Hoskinson said many other nations will follow the Central American country in adopting the largest cryptocurrency. He also congratulated the entire cryptocurrency community, saying that El Salvador’s acceptance reinforces the belief that people … Read more

Bitcoin in El Salvador: World’s First Adoption of Cryptocurrency Faces Raging Protests, Failures, and a Fall

The historic adoption of Bitcoin as a legal currency in El Salvador on Tuesday was marred by initial problems, such as a furious protest from suspicious citizens, technological failures and a drop in cryptocurrency hindered the launch. The daring experiment got off to a rocky start when, just after midnight, Salvadoran President Nayib Bukele complained … Read more

Bitcoin Adoption in El Salvador: Most People Don’t Want Cryptocurrency, Research Shows

Most Salvadorans disagree with the government’s decision to adopt Bitcoin as their legal currency, many do not know how to use the digital currency and are suspicious of the project, a survey by the Central American University (UCA) showed on Thursday. At least 67.9 percent of 1,281 people surveyed said they disagree or strongly disagree … Read more

Cryptocurrency Adoption in El Salvador: Congress Supports $150 Million Fund to Facilitate Bitcoin Conversions

El Salvador’s Congress passed a law to create a fund of $150 million (about Rs. 1,095 crores) to facilitate Bitcoin conversions to US dollars ahead of its planned adoption of cryptocurrency as a currency next week. With 64 votes in favor and 14 votes against, Congress approved the fund because El Salvador, which already uses … Read more