Cryptonews.com

State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

Published on february 7, 2022

A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco Hipotecario de El Salvador (Mortgage Bank of El Salvador) had signed off on the loan, which valued each machine at USD 7,760. The loan’s warranty period is 36 months….
Read More: State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

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El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App

Published on february 2, 2022

The Salvadoran government is attempting to reboot its Chivo bitcoin (BTC) app and wallet – by teaming up with the USA-based crypto firm AlphaPoint.
In an official notice, the government wrote that the firm was now “providing technology for Chivo Wallet, the first national digital wallet in the world.”…
Read More: El Salvador Turns to the US-based AlphaPoint in Bid to Bolster its Chivo Bitcoin App

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Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

Published on january 21, 2022

Argentine-headquartered ecommerce giant Mercado Libre invested in Mercado Bitcoin and Paxos as it aims to boost its presence in the cryptosphere, as well as digital asset development and adoption in Latin America….
Read More: Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

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Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’

Published on january 14, 2022

The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC)….
Read More: Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’

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Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Published on january 14, 2022

Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking about the challenges involved in transforming metropolises into technological hubs….
Read More: Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

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Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost

Published on january 12, 2022

The future of Bitcoin (BTC) and crypto mining could involve a move away from coal and Asia – and toward hydroelectric energy and the Latin America region, with a Costa Rican power plant now feeding electricity to “hundreds” of mining rigs….
Read More: Bitcoin & Crypto Mining Gets Another Latin American Hydroelectric Power Boost

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Uruguay’s First Bitcoin & BNB ATM an Instant Hit with ‘1,000 Transactions in First Hours’

Published on january 10, 2022

Uruguay’s first crypto ATM may have taken a long time to arrive – but it has proven an instant hit, with reports claiming that the machine handled over 1,000 crypto transactions within the first hours of opening to customers late last week.
Per the news agency EFE (via Hola News), the machine was officially opened on Friday last week in the southeastern town of Punta del Este, in the Maldonado Department….
Read More: Uruguay’s First Bitcoin & BNB ATM an Instant Hit with ‘1,000 Transactions in First Hours’

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Peru, Uruguay Edge Closer to Crypto Regulation with Draft Law, Policy Advisory Report

Published on january 5, 2022

Governments in South America are gearing up to regulate crypto in the year ahead – with lawmakers in Peru and Uruguay readying legislation and draft proposals….
Read More: Peru, Uruguay Edge Closer to Crypto Regulation with Draft Law, Policy Advisory Report

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New El Salvador Laws Will Help Bitcoiners Who Want to Move to the Country, Says Gov’t

Published on january 5, 2022

The government of El Salvador has unveiled further details about the “20 new financial and innovation”-related laws recently announced on Twitter by the President Nayib Bukele – and it looks like the legislation will be aimed at bitcoin (BTC) enthusiasts hoping to move to the country and helping the government roll out its bitcoin bonds….
Read More: New El Salvador Laws Will Help Bitcoiners Who Want to Move to the Country, Says Gov’t

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Bukele Teases Further Bitcoin Developments in Year Ahead for El Salvador

Published on january 4, 2022

The President of El Salvador Nayib Bukele appears keen to start the New Year with a bang – and has teased new developments, as well as crypto-friendly legislation.
Bukele has created a number of crypto-themed Twitter posts so far this year, and in one, wrote that the government was preparing to send “20 new laws” to parliament, claiming that these will all boost “innovation and financial freedom in El Salvador.”…
Read More: Bukele Teases Further Bitcoin Developments in Year Ahead for El Salvador

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