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28 | February | 2022 | News Makers

28 | February | 2022 | News Makers
newsmakers.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmakers.pk Daily Mail and Mail on Sunday newspapers.

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Bitcoin, Ether Recover From Mid-Week Dip as Dogecoin Rallies to Rise 29 Percent

Ether's milestone this week follows an all-time peak for Bitcoin last week of almost $67,000. It appears to be spurred on by increasing mainstream adoption of crypto tokens. Dogecoin, too, surged today, gaining close to 30 percent value.

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El Salvador's Crypto-Treasury Now Richer by 420 Bitcoins, President Nayib Bukele Says

With the new purchase, El Salvador’s reserves now hold $66 million (roughly Rs. 494 crore) worth of Bitcoin.

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Latin America's Democratic Recession | Foreign Affairs

How Washington can help turn things around.

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Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador


Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador
Accessing BTC is about to get a lot easier in El Salvador with the crypto ATM rollout.
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U.S. company Athena intends to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs, a company representative has confirmed.
The rollout will start small, trialing a few dozen machines to establish a business model. The Chicago headquartered firm plans to invest more than $1 million to install cryptocurrency ATMs, targeting regions where residents receive remittances from abroad.
Along with installing the new machines it will also hire staff and open an office to carry out operations in El Salvador.

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Bitcoin is now legal tender in El Salvador


Bitcoin is now legal tender in El Salvador
CNN
1 hr ago
By Charles Riley, Mitchell McCluskey and David Goldman, CNN Business
© APHOTOGRAFIA/Getty Images
SAN SALVADOR EL SALVADOR - MAY 25: President of El Salvador Nayib Bukele speaks during a reception of the Salvadoran Beach Soccer National Team at Presidential House on May 25, 2021 in San Salvador, El Salvador. The team is now qualified for The 2021 FIFA Beach Soccer World Cup to be played in Russia after winning the CONCACAF Qualifier. (Photo by APHOTOGRAFIA/Getty Images)
El Salvador has become the first country to adopt bitcoin as legal tender.
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A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar.

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Bitcoin just cleared another hurdle. It may still stumble


Bitcoin just cleared another hurdle. It may still stumble
In a landmark move, El Salvador has become the first country to adopt bitcoin as a legal form of payment. But there’s still tons of pressure on the cryptocurrency.
What’s happening: A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar. The law states that “all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service.”
It’s a bold move that’s likely to be cheered by bitcoin fans. But it may not help prices to stabilize, with some strategists warning the digital coin could plunge toward $20,000, where it was trading in December 2020.

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El Salvador Is Set to Become the First Country to Adopt Bitcoin as Legal Tender

El Salvador may soon become the first sovereign nation in the world to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced

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El Salvador will adopt bitcoin as legal tender, president says


El Salvador will adopt bitcoin as legal tender, president says
CNN
1 hr ago
© Edward Smith/Getty Images
El Salvador will become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in a video recording shown during the Bitcoin 2021 conference held in Miami.
"Next week I will send to congress a bill that will make bitcoin a legal tender," Bukele said, according to the conference's organizer, Bitcoin Magazine.
Bukele said El Salvador partnered with digital finance company Strike to establish the logistics of the decision.
"Over 70% of the active population of El Salvador doesn't have a bank account. They're not in the financial system," Strike CEO Jack Mallers said. "They asked me to help write a plan and that they viewed bitcoin as a world-class currency and that we needed to put together a bitcoin plan to help these people."

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Biden to assemble anti-corruption task force to take on illegal immigration


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President Biden is considering creating an anti-corruption task force to address mass migration coming from Central America, a top U.S. official announced Thursday.
Special Envoy to the Triangle Nations, Ricardo Zuniga, told reporters the task force would help local prosecutors manage corruption contributing to human rights abuses.
"Governance addressing corruption is at the center of what the Biden administration is focusing on," Zuniga said.
Illegal immigration at the U.S. southern border has risen steeply this year, with migrants coming predominately from Honduras, Guatemala, and El Salvador.

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