The company has invested $220m in the cryptocurrency, which it aims to make ‘mainstream’

El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal tender, alongside the existing dollar legal tender.

On September 7, 2021, El Salvador’s Bitcoin Law granting the currency legal tender status went into effect. Remarkably, in just one month, there are more Salvadorans with bitcoin wallets than traditional bank accounts.

Despite a 17% rise in the price of Bitcoin over the past week, one crypto bear remains unenthused. “I personally think Bitcoin is worthless,” said Jamie Dimon, CEO of JP Morgan, during the annual meeting for the Institute of International Finance. It's the latest in a succession of bearish statements from Dimon over the years. Dimon began his streak back in 2014 when he told CNBC that Bitcoin was “a terrible store of value” and that the cryptocurrency “can be replicated over and over.”

It’s an eerie coincidence that a trade of this size happened on exchanges with ties to Chinese customers during a week beset by that country’s capital market woes.

Afghanistan has one of the fastest rates of crypto adoption, according to US-based blockchain analysis company Chainalysis. In its 2021 Global Crypto Adoption Index, it ranked Afghanistan 20th out of 154 countries in terms of crypto adoption.

Every time Beijing announces a crackdown on their industry, the running joke among the crypterati is that China has already banned cryptocurrency 18 times. Chinese government agencies have issued a string of increasingly restrictive but never conclusive legal prohibitions of various aspects of crypto since 2013; all the while, China’s crypto industry has thrived. Turns out the nineteenth time might be the charm.

Elon Musk, on Tuesday at the Code Conference in California, said that he believes cryptocurrency to be virtually indestructible. He has been a very active supporter of cryptocurrency, and a significant, bullish influencer of the crypto trade markets.

Recall that Lightning Network is a second level Bitcoin network. In fact, it is an add-on on top of the main BTC blockchain, which only fixes the results of multiple transactions after they are completed. The advantages of LN are the high speed of transactions due to the characteristics of the network and the low cost of sending coins.

“People, it turns out, are not that averse to risk. For many reasons, they are not opposed to risk, but they are opposed to losing and the possibility of loss plays a very significant part in their decision.” - Daniel Kahneman

Two weeks ago, El Salvador officially began using Bitcoin as legal tender. Since then, I've seen stories on Twitter of people using Bitcoin to buy breakfast, clothing, and more, but most of those anecdotes seem to be from journalists and tourists who travelled to El Salvador for the launch of

Bitcoin mining will only contribute to 0.9% of global carbon emissions even if the coin's price were to hit a mind-boggling $10 trillion by 2030.

From upstate New York hydroelectric plants to volcanoes in El Salvador, some Bitcoin miners are looking for cheap energy—just as long as it’s renewable. Bitcoin has earned a notorious reputation for its carbon emissions due to the network's energy use, which resulted in a series of tweets in May by Tesla CEO Elon Musk, who said his electric car company would no longer accept Bitcoin for payments because of environmental concerns surrounding the use of fossil fuels to mine the asset. U.S. lawmakers, like Sen. Elizabeth Warren, have also criticized the energy expenditure of the cryptocurrency.

The system doesn’t work, the currency crashed, and the public hates it.

Imagine being told that your wage was going to be cut in half. Well, that’s what’s soon going to happen to those who make money from Bitcoin mining, the process of earning the online currency Bitcoin.

It took 40 years for 30% of El Salvadorians to get a bank account, but just 10 days for about 20% of them to get a bitcoin account through downloading the Chivo wallet. “1.1 million Salvadorans already use the Chivo wallet (and we haven’t enabled 65% of phone models yet),” said Nayib Bukele, El Salvador’s president, before adding:

Following Bitcoin’s spectacular bull run, the general public’s interest in cryptocurrencies skyrocketed. Bitcoin has increased at an incredible rate in 2019 from $3,400 to almost $13,000! This has resulted in a hitherto unheard-of rise in the use of this financial instrument.

Billionaire investor, Ray Dalio, says regulators will try to destroy Bitcoin (BTC) if it becomes successful. Speaking on Wednesday at CNBC’s Squawk Box, the founder of the world’s largest hedge fund, Bridgewater Associates, said...

The US mortgage lender – United Wholesale Mortgage – intends to accept cryptocurrencies as a payment method by the end of 2021. While the company would first adopt Bitcoin, it would explore other digital assets such as Ethereum shortly after. Additionally, the South African property investment firm – Quorum Holdings – and the Canadian jewelry exchange – SafeGold – also vowed to enable clients to use the primary cryptocurrency as a means of payment.

As of next week, Britain’s state-owned postal service will help anyone to buy cryptocurrency through its identify verification app. The move comes after the Post Office signed a deal with decentralized exchange (DEX) Swarm Markets. The deal enables verified users of the Post Office’s app, EasyID, to click through to Swarm’s website, where they can purchase vouchers that can be redeemed for cryptocurrencies.