19 Burst results for "El Salvador News"

"el salvador news" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:24 min | 3 months ago

"el salvador news" Discussed on Bloomberg Radio New York

"Ahead of the crypto's first ETF expected to go live on the NYSE Tuesday we're going to look into that rally and what risks could lie ahead next And as we had to break reminder tech earnings kick off this week we're gonna get reports from Netflix Tuesday then it's Tesla and IBM Wednesday an Intel on Thursday Investors will be keen to hear how forecast from these companies In fact they're investing strategies This is Bloomberg We're doubling down on everything in technology right That's such an exciting time What an exciting time to be in our business I would say that if you're thinking of buying tech if you're thinking of buying some of these frothy growth names first ask yourself what's my exit strategy Growth stocks have had an incredible run It's just they've been the winners They've been the drivers of this bull market I think we start to see some cracks emerge that there's just there's probably better places to put your money going forward The markets in focus every business day the Bloomberg markets podcast with Paul Sweeney and Matt Miller Are there some sectors that you want to have more or less exposure to We've got a vaccinate the whole world analysis of the day's Wall Street action What's the thought on apple here from Bloomberg intelligence Bloomberg opinion and influential newsmakers The bond market was the boss Bloomberg markets with all Sweeney and Matt Miller Subscribe to day at Bloomberg radio dot com The Bloomberg business app or iTunes Before and after the pandemic Is it driven by politics or by science There may be how we keep track of our lives from here on out What do you think the political effects of that impatience will be And through it all there's been Bloomberg We begin on Capitol Hill the most accurate business world and healthcare news before and after The fundamentals do not justify this price action Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Would you say it's more important to gather information fast or to have it first or to be the most accurate They can really move the needle when it comes to programs It's the level of support you get from companies for this What if you don't have to choose It also has a nose for importance for the labor market How do they get ahead of different administrations We see this move towards digital currencies Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening We used to take our freedom of movement for granted not anymore It's not just that people work for the airlines and it's natural to feel grateful for the things that kept you going Does America have a chance to lose our advantage Can we get to her community fast enough so that will be in good shape But really we were just doing our jobs Oxford University is starting a study on patients who've recovered from COVID Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Chairs have online real estate marketplace Zillow fell more than 9% Monday The company saying it would stop buying new homes and work to clear a backlog of properties It already has Zillow acquired more than 3800 homes in the second quarter the Seattle based company has seen its stock price tumble 27% this year after it nearly tripled in 2020 amid the pandemic fueled housing market boom Meantime Bitcoin and crypto stocks soared to start the week This as investors await the launch of pro shares Bitcoin futures ETF expected to debut on the NYSE Tuesday Joining us now TikTok Klein cofounder of the graph a web three platform aimed at making blockchain data more easily accessible Teigen Thank you so much For joining us So look our investors right to be this excited about a Bitcoin ETF Yeah I mean it's great to see you Bitcoin getting so much well deserved attention This comes after the El Salvador news that the country is accepting Bitcoin is legal tender The increasing number of wallets holding Bitcoin has increased to over 35 million today and then fidelity recently reported that 33% of U.S. institutional investors are actually invested in digital assets today within the graph we've seen an increase in the number of interweb Bitcoin that exists on other chains like Ethereum and this kind of speaks to how Bitcoin is getting involved in decentralized finance as well as a multi blockchain future And now Bitcoin is up Yeah To be clear though this isn't an exchange traded fund backed by actual Bitcoin It is backed by futures tied to the cryptocurrency So does the hype actually match the expectations Yeah I think that's a great question and I think it's really important that you're educating the listeners on the fact that this is not Bitcoin backed ETF It is a features ETF not a spot based ETF And so I do think it is a step in the right direction but a thought based ETF would be much more preferred and I know grayscale is currently trying to push a spot based ETF through So hopefully the SEC approves that as well How do investors wait whether an ETF is a better bet than say a platform like coinbase which is a publicly traded company Yeah it's a great question So with Bitcoin with this ETF that's been approved by the SEC you if you want to bet on the price of Bitcoin in the future that's a great way to do it But if you want to hold the underlying Bitcoin asset the best way to do that is through a platform like you mentioned like coinbase or cracking What is this signal about future regulation Obviously we're waiting for the shoe to drop essentially but we don't know exactly what that's going to look like Yeah absolutely I think this is a step in the right direction for not just Bitcoin but crypto assets in general and I do hope that SEC does look to approve a spot based ETF in the future And what is your take on the market dynamics Obviously we've seen a lot of volatility a spike in Bitcoin in more recent days things seem to be back on the rise but still a lot of uncertainty hanging in the balance Yeah I mean we've seen Bitcoin recover from an outright ban in China yet again We saw a very strong bounce off of 30,000 which is tremendously bullish And now we have this news that the SEC has pushed this through So I think it's a really exciting time for the Bitcoin and blockchain ecosystem All right tegan Klein cofounder of the graph tegan thank you so much for joining us lots to keep watching Meantime the largest assembler of iPhones Foxconn has unveiled its first electric car This is a milestone that could boost the Taiwanese electronics manufacturers credentials as a serious bidder for apple's secretive car project These models are concept vehicles that Foxconn plans to build for automotive customers rather than sell under its own brand The company agreed in late September to spend $280 million on an auto plant in Ohio from embattled startup Lordstown Coming up home security is.

Bloomberg com Bloomberg Bitcoin Matt Miller Paul Sweeney NYSE COVID Bloomberg Zillow TikTok Klein Tesla Netflix Sweeney Intel Capitol Hill IBM SEC Oxford University
"el salvador news" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

08:19 min | 4 months ago

"el salvador news" Discussed on Heartland Newsfeed Radio Network

"And the number here if you wanna join us six. Oh three to eight hundred sixty one sixty at six three two eight three six one six zero in studio tonight you've got in because and the reverend captain kick also here by the way free talk live brought to you by bitcoin dot com. You wanna learn about crypto like bitcoin and bitcoin cash. You can do that and just go to. Bitcoin dot com click get started at the top of the page. And then you can watch all three minute long introductory video now. They do have other videos air. So if you find that you wanna dig in even deeper. You can definitely do that over at bitcoin. Dot com can also get the latest news headlines there anytime i updated daily with fresh info over at news dot bitcoin dot com again. That's news dot. Bitcoin dot com. Go back to the phones. The phone we're talking about the sa- the el salvador news the el salvador bitcoin experiment where they've anointed bitcoin as one of their two. I wouldn't call it a implementation what i would call it. Legal tenders meaning that The government is officially recognizing bitcoin as a way to pay. Now the big question here and maybe our Our guy on the phone here mark files in can answer. This is our businesses. Treating this like it's a mandate or are there people who are saying you know what i'm an opt-out of bitcoin and not accepting it mark. You're actually there. In san salvador. The capital of el salvador right. Now you've been there. I think for out for like a week to week or two. You've been there. I've been here for about two weeks. And i was here about a week before that. So three altogether. So you've been there from the From prior to this thing officially kicking off which started. I believe on monday of this week till now. What have you been experiencing. What's the reality on the ground there with this Ah the story is pretty long and convoluted. But i. There are real shortcomings in the discussion surrounding el salvador online The word on the street here is it's not working when you go on twitter and read it all. You're seeing posts about how these social media. So i are down here using their wallets and going a starbucks and having a great time problem. Is that the chievo. Which is what the citizens here have cannot be used for micro transactions hard stop. You can't go to starbucks with chievo app as of right now and order a one dollar coffee. It doesn't work. This was always my issue with choosing bitcoin. As opposed to any of the other worthwhile cryptocurrencies because micro transactions are expensive. Wait hold on. I thought the lightning network was all about solving the micro transaction problem. I mean that's what these people who call be called. Bitcoin maximus have been maximalist. Was the point of chievo for years is old lightning fixes this. It'll make it so you can spend a bitcoin on a cup of coffee because the problem as you point out here. Peak with bitcoin has been the fees have been going up and up and up as bitcoins. Become more popular at hasn't scaled and so this lightning was supposedly solution. I thought the chievo apple is going to be a lightning app. That's what i had heard that it was. Why is it. Not being used for micro transactions. So that's a great question and the only person that can answer. That question is who kelly so resident effectively. The president excuse me so effectively through my testing you can see my live videos. I go through everything. It's very transparent Chievo right now is unable to send bitcoin or like either of them for amounts under five dollars to other wallets outside of the network and even within the chief and chievo network now. I don't know if that is a feature or a bug but that is what's happening. That seems like a big oversight. If that's if that's a bug like how could they have screwed up. How did that not get identified on the day that this was implemented. Oh it was i. Yeah i that's not a question news. There was a big crash the day before. But what i thought was going to happen is that they were going to identify whether this worked or not. On the day of that was going to get announced and if it worked then it would be stable ish and if it didn't work that there was going to be a big big crash this. Why didn't this get the press on the day of well okay. It's good that you bring that up. So the next part of this conversation is that any reporting. That's being done on chievo not being able to chievo to chievo transactions or even the protests effectively being buried. And what i mean by that is. I don't know if you've seen my twitter. And the only reason i bring it up is because i had a few followers like single digits. When i came down here and i went to a bitcoin. An anti bitcoin protests. That had something like one point. Five thousand People at the demonstration. And i you know every single person. There is wearing a shirt that says no bitcoin. They have stickers are spray painting it on all the monuments and put all of it and had the protests like uploaded a drone shot showing all the people marching up the street right after that a government. A pro government. influence her reassured video and basically said wrong there is no bitcoin protests. They're protesting judge something unrelated to bitcoin and quick question is they're all showing up with t shirts. Who's buying the t shirts. Because i have seen a lot of protests and anti protests and when they all have t shirts somebody bought those t shirts like we have been buying crypto sixty shirts. So i can tell you exactly who bought and made those crypto sixteen shirts. But when i see everyone wearing the same t-shirt somebody bankrolled that. And i know that the government is invested in pro bitcoin. So i'm wondering who is bankrolling the anti bitcoin protests t shirts. Okay to be more specific. There's not one individual t shirt just people with different shirts stickers. That are being handed out there. When you watch the footage you can kind of you know decide for yourself. Whether you think that it's funded by someone behind the scenes which could be. I you know. I went there. Not with an agenda documenting for my youtube and when i posted that video of that drone shot in that critic gas lighted made to say that there is no bitcoin protests at all. Literally there is none. I edited a real of all the different shots at the protest. Because he didn't know that. I was in el salvador and when that went up it exploded so it got thousands of shares. It's everywhere this video exposing this pro. President bu calais Influencer for lying. And saying that there is. No bitcoin protests. So there's definitely the fix is in. I mean these people. It's always been so sad for me to see bitcoin people who you would like to think no better but there's like this new generation of bitcoin people who are all about number go up and they don't care about the individual empowerment of crypto currency. And they're like yeah. Go president boot kelly. He's the man. This guy is another little tyrant just like the rest of them all around the planet. You know we shouldn't be getting cozy with With politicians those of us. Who actually care about advancing crypto. But that's just the editorial comment so tell me more though mark about you know what you're actually experiencing. Obviously there's these counter protests people. Some people very unhappy with chievo app. Not being able to send less than five dollars worth of bitcoin is a huge hindrance area. Important a huge hindrance on getting business done because this is the app that the government for listeners that don't know chievo stands.

bitcoin el salvador news el salvador chievo Bitcoin maximus starbucks chievo network san salvador twitter government kelly apple bu calais boot kelly youtube
"el salvador news" Discussed on 790 KABC

790 KABC

09:54 min | 4 months ago

"el salvador news" Discussed on 790 KABC

"Our focused on your money business, The markets, the economy, Wall Street, Main Street and the big stories impact on your wallet were coming off the three day Labor Day holiday weekend. We saw Wild Day for Bitcoin does coined other Cryptocurrencies with Bitcoin plunging 18% does drop 30% during the trading session before rebounding stocks ended the day mixed. With tech stocks rallying to new highs. The NASDAQ closed up 11 points to a record high 3 15,074 the Dow sites or is one day tumbling about three weeks, giving back nearly 300 points. In the S and P 500 slipped 15, El Salvador about to become the first country in the world to adopt Bitcoin as a national currency. Home prices continue to see eye popping gains. In fact, the latest report from Corelogic says, we've just seen record home price growth this summer. We'll get the latest readings on real estate, mortgage rates and the economy from Dr Frank Note, half the chief economist at CORELOGIC coming up later this hour, more businesses fleeing California this year than in all of last year, With some economists saying California is becoming the new rust belt losing businesses and people to states would offer more economic opportunities and affordable life. I'll talk about that. Latest report with Professor Leo Haney, um, professor of economics at U C L. A and C Senior fellow at the Hoover Institution at Stanford. But first on the markets, the economy and yes, Bitcoin in the kryptos joining us now Jon Najarian Dr J as he's known on CNBC, co founder of Market Rebellion. John Nigerian. Thank you very much for taking the call here and let's start with Bitcoin and the kryptos here. I know you have the laser eyes on, Give us your view of what just happened here. Sure, Frank. I believe today was more or less one of those sort of by rumor sell news. But it was also frank, one of those situations where Crypto, unlike listed securities has very little regulation, especially the offshore exchanges, the so called defy or decentralized finance. Nature of Cryptocurrencies means that an exchange like finance or ft, X or derivative, These are all very large exchanges that offer operate offshore outside of the reach. Of US regulators and many of those exchanges that I just named. We'll let you trade Bitcoin or a host of other digital assets for up to 100 to 1 leverage. And that cuts both ways. People had made a lot of money on the run up in February, lost a lot of money as it came back down, and they normally get hurt. When they are over livered when they make that $10,000 account trade like it's 100,000 or $200,000 account, you don't need much of a move. In an asset like Bitcoin to all of a sudden exhaust your $10,000 account that is trading like it's $100,000 account. Because obviously everything gets magnified. And I think, Frank, that's what we saw. Today. We saw some $3.6 billion worth of Bitcoin liquidations today. And those never come at a profit. Those are coming because people were over livered the exchanges without even asking, and obviously without remorse, just execute those trades and close those traders out. And it was, I'm sure, a very frustrating day. For many of those young traders, you might have seen the headlines. The other headlines related to all this crypto traders blaming Bitcoins tumble partly on glitches that exchanges and of $44 Million sale order. What about that? Yep, You certainly could have that as well. I mean, uh, it was lined up to be a positive day, and it was early in the morning like at nine. A.m. central time. We were doing our daily crypto bite with some 25,000 viewers that usually tune into that, and as we were doing it, Bitcoin was very close to $52,000. Within that hour, Frank It dropped from that level to 44,600 as the liquidations came in. And like I say the Salvadoran news the El Salvador News that every Resident was going to get $30 in Bitcoin and Brazil was lining up to basically say we're going to buy $30 worth of Bitcoin, not for everybody in Brazil, but For many of the Bitcoin adoptees in Brazil. They were going to do that. And yet the problem was that there was too much bullish activity. That was livered to the long side. And when it started to fall it just waterfall to the downside. And then, like you say it bounced somewhat. I mean, Bitcoin bounced to a drop of, I guess. Nine, or 10%, after falling as much as 18% on the hives. Ryan. We're looking at it now at about 46,800 or so moving up $80 here from from the close of the day. What about El Salvador? Becoming the first country to adopt Bitcoin is legal tender alongside the dollar, the country's other official currency by the way, according to Reuters, merchants in El Salvador, now supposed to accept Bitcoin for goods and services, And as you mentioned, John Citizens have been promised $30 worth of Bitcoin in their digital wallets by the old Salvadoran government of McDonald's has started accepting Bitcoin in El Salvador. What's your reaction to all that? Yeah. Well, today's volatility certainly made some of those purchases of happy meals, unhappy meal sensor for for McDonald's or at Starbucks or any of the other. Places that are now obligated to take Bitcoin or those other Kryptos. It was interesting, Frank to see the cash registers. Because as people came in and actually were transacting in some of these digital assets, they were lighting up on the cash register in the thousands of a Bitcoin, of course, because You know, to buy a happy meal, even in El Salvador probably doesn't cost you much more than six or $7 equivalent. And yet if Bitcoins trading at $46,000 per Bitcoin, you just need a very small slice of that Bitcoin. So the digits as far as on the cash register, it registers 0.0 sort of thing. When you're charging that versus a Bitcoin. I think it's more of a A novelty. I don't really think people want to use Bitcoin right now to pay bills or to pay for, um happy meals, but it certainly made news and headlines over the last several weeks. Very interesting. Have you been on the air in El Salvador lately? Because l celebrate definitely embracing all this while other countries are cracking down on crypto transactions. Yeah, well, they've got a lot of reasons Why Bitcoin and other crypto that you actually have to do that proof of work that the miners do, Um, in El Salvador. It would be a pretty low cost environment to mine Bitcoin, and that's one of the things they've got going for them. Is that they could become a bit of a central agency four. A lot of these miners that have left China and are looking for new homes. So that's something that's been going on for a while. Frank and the Salvadoran government like you say, has truly embraced this as their number two currency. Yeah. Far as the kryptos are concerned that where do you see things go from here? And, uh, let me ask you this question now and then we'll get to the stock market. Where are you putting money down into taking it off the table in the crypto space here? I still like Solana a lot. That symbol s Oh, well, um I think they're model is certainly a strong one and the stock since basic or the coin rather Since the end of July, when we had Lollapalooza here in Chicago, they were actually a big, um, sponsor of Lollapalooza got a lot of credit with the kids that were Frequenting that concert because it goes on for four days and salon a truly, um, so just a monumental jump from it was about $60 per coin. During that late July period, And even though it made a small jump of 6 to 10% during Lollapalooza, it's now tripled that jumping is trading up near 160 $170. Her coin. So I like Solana right here. I do Still like a theory. Um, And I think that one actually overtakes Bitcoin in terms of market cap sometime. They keep calling that a flipping When it tops it in market cap, not in price, but I think that happens probably by year end and you highlighted the salon a for our audience weeks ago, so go ahead and spike the football. And since your former bears a player, you can certainly go ahead and do that now. Well, I'll take that spike, but we all know that it's tough to have a crystal ball. Sometimes you get them right. And that was one that the team at Solana was really strong and then the access to all of these young interested investors. That was a very shrewd investment by Solana. All right. And one of the times we spoke, it sounds like you had the dogs in the background. What about Doja? Which tanked 30% for a while today? Um, What's your updated view on does coin here? I hold very little does at this time for a long time, Frank. I held a lot of does, and I was happy about it. And basically that was running into When Elon Musk was going on to Saturday night live, And as I said at the time, I thought this is, uh, one of the ultimate by rumors sell news events..

$10,000 $100,000 Solana $200,000 $44 Million Reuters Elon Musk February 100,000 $30 44,600 CORELOGIC $46,000 18% Ryan 30% Jon Najarian Frank Chicago Leo Haney
"el salvador news" Discussed on The Pomp Podcast

The Pomp Podcast

02:32 min | 6 months ago

"el salvador news" Discussed on The Pomp Podcast

"All views of him and the guests on his podcast our show with their opinions and do not reflect the opinions of pop investments. You should not treat any opinion expressed by pomp or his guests as specific inducement to make up particular investment or follow a particular shaggy but only as an expression of his personal opinion. This podcast is for informational purposes. Only let's get kevin on here and let's talk lightning network. Kevin what's going on. How are you good. Good to be on the show. Thanks for having me absolutely chatting lightning. Let's let's start with just give everyone kind of a quick overview of your background than what you do Kind of day to day right now just so people understand your perspective. Yeah so. I've been crippled for three or four years I've kind of watched the growth of lightening from the early days. Not really paying too much attention to it. Early on but Around earlier this year. I really got into it and started doing a lot of research on it and and that's a lot of what i do. Today is research and investing in crypto. And i started to notice in april in may when this el salvador news came out and all of a sudden the lightning networks. Have this real use case asserts. Notice the growth of the network and it's our default along with it and really down that rabbit hole and yes started studying it Got myself set up on lightly. Node starter routing payments and started Realizing that not only is dislike a much better user experience for moving money around on the bitcoin network. It is. it's really misunderstood. And so that was kind of piece. I wrote earlier. This week was about why why we are not really thinking of lightning in the correct lens. Were looking at it through the wrong lens and because of that we think it's a it's a smaller protocol that had actually is. There's a lot. Were activity avenue on it than people realize and this is really just go when i think i'm i'm really excited about how big does network is today and how big a can be. Tomorrow yeah i I think i share the excitement in in kind of passion for this as you do. Let's start with just a high level like what is the lightning network people heard about it. They knew it. It's something to do with bitcoin. But they may not actually understand just had a high level at. What is the lightning network supposed to be. Yes oh high. Level protocol for making instant and nearly free payments on right.

el salvador news kevin Kevin
"el salvador news" Discussed on The Pomp Podcast

The Pomp Podcast

01:40 min | 6 months ago

"el salvador news" Discussed on The Pomp Podcast

"Let's get kevin on here and let's talk lightning network. Kevin what's going on. How are you good. Good to be on the show. Thanks for having me absolutely chatting lightning. Let's let's start with just give everyone kind of a quick overview of your background than what you do Kind of day to day right now just so people understand your perspective. Yeah so. I've been crippled for three or four years I've kind of watched the growth of lightening from the early days. Not really paying too much attention to it. Early on but Around earlier this year. I really got into it and started doing a lot of research on it and and that's a lot of what i do. Today is research and investing in crypto. And i started to notice in april in may when this el salvador news came out and all of a sudden the lightning networks. Have this real use case asserts. Notice the growth of the network and it's our default along with it and really down that rabbit hole and yes started studying it Got myself set up on lightly. Node starter routing payments and started Realizing that not only is dislike a much better user experience for moving money around on the bitcoin network. It is. it's really misunderstood. And so that was kind of piece. I wrote earlier. This week was about why why we are not really thinking of lightning in the correct lens. Were looking at it through the wrong lens and because of that we think it's a it's a smaller protocol that had actually is. There's a lot. Were activity avenue on it than people realize

el salvador news kevin Kevin
Overview of the Lightning Network With Kevin Rooke

The Pomp Podcast

01:40 min | 6 months ago

Overview of the Lightning Network With Kevin Rooke

"Let's get kevin on here and let's talk lightning network. Kevin what's going on. How are you good. Good to be on the show. Thanks for having me absolutely chatting lightning. Let's let's start with just give everyone kind of a quick overview of your background than what you do Kind of day to day right now just so people understand your perspective. Yeah so. I've been crippled for three or four years I've kind of watched the growth of lightening from the early days. Not really paying too much attention to it. Early on but Around earlier this year. I really got into it and started doing a lot of research on it and and that's a lot of what i do. Today is research and investing in crypto. And i started to notice in april in may when this el salvador news came out and all of a sudden the lightning networks. Have this real use case asserts. Notice the growth of the network and it's our default along with it and really down that rabbit hole and yes started studying it Got myself set up on lightly. Node starter routing payments and started Realizing that not only is dislike a much better user experience for moving money around on the bitcoin network. It is. it's really misunderstood. And so that was kind of piece. I wrote earlier. This week was about why why we are not really thinking of lightning in the correct lens. Were looking at it through the wrong lens and because of that we think it's a it's a smaller protocol that had actually is. There's a lot. Were activity avenue on it than people realize

El Salvador News Kevin
"el salvador news" Discussed on The Breakdown with NLW

The Breakdown with NLW

07:12 min | 7 months ago

"el salvador news" Discussed on The Breakdown with NLW

"Just six point nine percents apr earn passive income with yields of up to twelve percent and swap between more than one hundred mark pairs with the incident so exchange try the nasa wallet app to get the whole three hundred. Sixty degrees of crypto. Banking get started at nexus dot. Io that's n e x dot io to get started today circle yield is now available in early access. Businesses can apply today. This white glove service enables qualified businesses to deploy capital in decrypted healed and generate returns up to six percent with one to twelve month terms with circle yield built entirely on uscc. Your funds are fully secured with bitcoin. Collateral giving you added protection and peace of mind as your interest gross visit circle dot com slash yield to learn more. That's circle dot com slash kneeled. Back now to the other side of this peak. Twenty twenty one moment el salvador. Well the initial reaction to the el salvador news was jubilation among bitcoin. There have been some questions for international observers particularly those invested in the current fiat system. The concerns around environment crime that you would expect. We're all aired out. Libertarian minded global audiences. Meanwhile took umbrage with the compulsion inherent in the legal tender law. These folks argued in effect that forcing people to accept. Bitcoin was at odds with bitcoin locally. It seemed some people had the same concerns although it was less from. Some deep seated libertarian principles and more from practical questions about how it would actually work. What sort of additional infrastructure or processes it would take and what if someone didn't wanna deal with bitcoin volatility. I think the best way to give you. The flavor of last night's speech to actually use pull quotes as translated by alejandro machado. A honda is a co founder of the open money initiative and has been working on bitcoin and places like venezuela for years so as a particularly good source he tweets as address to the nation thread. Bitcoin will be optional. Nobody will receive bitcoin if they don't want it. There's no obligation to express any price in bitcoin. But it's possible to do so. The state will accept bitcoin for payments. If you don't wanna do this don't because currency so there will now be no capital gains taxes on it same as with dollars euros etc now. Article seven the opposition has demonized so much. Every economic agent must accept bitcoin as a means of payment. We can't take this article out of context. You also have to look at article. Eight and fourteen economic agents are obligated to accept bitcoin but not to accept it when a tourist from europe comes into wipes a card he or she will be spending euros but we are charging him dollars. This is what will happen with bitcoin. A tourist pain. Btc and if the merchant wants dollars it will get dollars. The government wallet will have to accounts one dollars in another and bitcoin the government while it will not use up any data. All you need to use. the government. Wallet is a mobile internet signal. You will have to enter your idea and your phone number to access the government wallet. Everyone that opens an account at the government. Wallet will receive thirty dollars worth of bitcoin in bitcoin. You'll also be able to deposit bitcoin to your wallet and draw money from an atm. Although this is hardly necessary because the app is safer and faster why this law because the bitcoin market cap is over six hundred billion dollars. Therefore investors and tourists will come here to benefit the economy in el salvador. There are already about fifty thousand people using bitcoin beyond dante. Miguel coconut salesman can always take payment from steve the tourists who wants to pay in bitcoin even if he wants to receive dollars if he says the price at two dollars he can charge. Steve who will spend bitcoin. The government will make sure. Miguel gets two dollars not one ninety five if miguel now wants to sealion wallet to do it. Hundreds of companies around the world make wallets. The government will offer one but the people of el salvador are also free to use others if outra z. Tags in the us send thirty dollars to miguel. Who is in el salvador. Miguel received thirty dollars instantly without q. And for free. There are no minimums. That can be fifty cents. It can be a thousand dollars. It works at anytime twenty four seven. There are no intermediaries the wall. It is called chievo. You'll need to register your idea and your phone number. It will have facial recognition or verifying the call center. This is for your own safety. If you lose your phone or it gets stolen you can easily use another phone to recover your accounts with a lot. Safer than cash or debit cards upon registration. Everyone will receive thirty dollars worth of bitcoin. Government bonus why this bonus to promote the use of bitcoin and for people to have an incentive to use the government wallet anyone can buy or sell bitcoin using the wallet. Can you make money. Yes can you lose money. Yes it's up to you and your risk appetite so as you can tell we got many more details about the specifics of the program. How they'll roll it out how they'll make it available for people but i think perhaps the most notable new detail is that the government will be giving out thirty dollars in bitcoin to any adult citizens that download and get verified by the official government wallet if applied to every citizen that would equal around three thousand four hundred and forty. Btc around one hundred and seventeen million dollars worth chow. Wang called it the most important airdrop ever. And i think that's pretty spot on. It will represent a chance for a huge number of people to actually see what this bitcoin thing is about and whether it can help them as part of that money in structure is also coming online athena. Bitcoin intends to invest one million dollars to introduce up to fifteen hundred. Atm's in the region. According to a recent reuters report the firm's director for latin america said that the president quote presented us with a tough challenge of fifteen hundred. Atm's we will go for that. But in phases we are a private company and we want to ensure that our development in the country is sustainable. This wasn't the only latin american and south american bitcoin news this week either on thursday. Bitcoin started tweeting that paraguay had introduced a bill to make bitcoin legal tender. Just like in all salvador. The source was a euro news article but when people dug in a little deeper there actually was no news. Carlos rail the same paraguayan lawmaker. Who took on the laser is when el salvador's law passed simply restated that he would be introducing a bill in the country's national congress in july. The draft legislation will be produced on july fourteenth. I haven't read yet convincing analysis one way or another about whether it is likely to pass. I don't wanna diminish excitement about the prospects of another geopolitical domino. But i also do want people to recognize that a congressman introducing a. Bill is a very different thing than an extraordinarily popular sitting president. Using that power to create a national mandate however one more real. Bitcoin thing that happened with our southern neighbours. Brazil is listing their first bitcoin. Etf the f is from qr capital and it started trading on the south paulo-based be three exchange. Now i said way back when the el salvador news first broke that one of the things that got me. Most excited is that we're increasingly in a time. When the arguments about bitcoin's potential as economic empowerment tool are no longer theoretical they're being tested in the bastion of reality and real markets. I am of course hoping for the absolute best. And i hope president buchanan continues to take the time to listen to questions particularly those from inside his citizenry for now guys. Let me know what you think about what you heard last night. Does it allay your concerns. Does it increase your concerns. Hit me up on twitter at an l w and as always i appreciate you listening until tomorrow guys be safe and take care of each other piece..

Steve fifty cents europe Miguel one million dollars two dollars alejandro machado fifteen hundred thirty dollars july fourteenth thursday july twitter south paulo today Sixty degrees one three hundred one dollars Carlos rail
"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

02:15 min | 7 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"Btc around one hundred and seventeen million dollars worth chow. Wang called it the most important airdrop ever. And i think that's pretty spot on. It will represent a chance for a huge number of people to actually see what this bitcoin thing is about and whether it can help them as part of that more infrastructure is also coming online athena. Bitcoin intends to invest one million dollars to introduce up to fifteen hundred. Atm's in the region. According to a recent reuters report the firm's director for latin america said that the president quote presented us with a tough challenge of fifteen hundred. Atm's we go for that. But in phases we are a private company and we want to ensure that our development in the country is sustainable. This wasn't the only latin american and south american bitcoin news this week either on thursday. Bitcoin started tweeting that paraguay had introduced a bill to make bitcoin legal tender. Just like in all salvador. The source was a euro news article but when people dug in a little deeper there actually was no news. Carlos rail the same paraguayan lawmaker. Who took on the laser is when el salvador's law passed simply restated that he would be introducing a bill in the country's national congress in july. The draft legislation will be produced on july fourteenth. Haven't read yet convincing analysis one way or another about whether it is likely to pass. I don't wanna diminish excitement about the prospects of another geopolitical domino. But i also do want people to recognize that a congressman introducing a. Bill is a very different thing than an extraordinarily popular sitting president. Using that power to create a national mandate however one more real. Bitcoin thing that happened with our southern neighbours. Brazil is listing their first bitcoin. Etf the is from qr capital and it started trading on the south paulo-based be three exchange. Now i said way back when the el salvador news first broke that one of the things that got me. Most excited is that we're increasingly at a time. When the arguments about bitcoin's potential as economic empowerment tool are no longer theoretical they're being tested in the bastion of reality and real markets. I am of course hoping for the absolute best. And i hope president of your kelly continues to take the time to listen to questions particularly those from inside his citizenry for now guys. Let me know what you think about what you heard last night. Does it allay your concerns. Does it increase your concerns. Hit me up on twitter at an l w and as always i appreciate you listening until tomorrow guys be safe and take care of each other piece..

july tomorrow south paulo july fourteenth fifteen hundred one million dollars thursday twitter Wang this week Carlos rail first last night congress paraguayan kelly three exchange around one hundred and sevente up to fifteen hundred each
"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

02:52 min | 7 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"Twenty one moment el salvador. Well the initial reaction to the el salvador news was jubilation among bitcoin. There have been some questions for international observers particularly those invested in the current fiat system. The concerns around environment crime that you would expect. We're all aired out. Libertarian minded global audiences. Meanwhile took umbrage with the compulsion inherent in the legal tender law. These folks argued in effect that forcing people to accept. Bitcoin was at odds with bitcoin locally. It seemed some people had the same concerns although it was less from. Some deep seated libertarian principles and more from practical questions about how it would actually work. What sort of additional infrastructure or processes it would take and what if someone didn't wanna deal with bitcoin volatility. I think the best way to give you. The flavor of last night's speech to actually use pull quotes as translated by alejandro machado. A honda is a co founder of the open money initiative and has been working on bitcoin and places like venezuela for years so as a particularly good source he tweets as address to the nation thread quote. Bitcoin will be optional. Nobody will receive bitcoin if they don't want it. There's no obligation to express any price in bitcoin. But it's possible to do so. The state will accept bitcoin for payments. If you don't wanna do this don't because currency so there will now be no capital gains taxes on it same as with dollars euros etc now. Article seven the opposition has demonized so much. Every economic agent must accept bitcoin as a means of payment. We can't take this article out of context. You also have to look at article. Eight and fourteen economic agents are obligated to accept bitcoin but not to accept it when a tourist from europe comes into wipes a card he or she will be spending euros but we are charging him dollars. This is what will happen with bitcoin. A tourist pain. Btc and if the merchant wants dollars it will get dollars. The government wallet will have to account one dollars in another and bitcoin the government while it will not use up any data all you need to use. The government wallet is a mobile internet signal. You will have to enter your idea and your phone number to access the government wallet. Everyone that opens an account at the government. Wallet will receive thirty dollars worth of bitcoin in bitcoin. You'll also be able to deposit or bitcoin to your wallet and draw money from an atm. Although this is hardly necessary because the app is safer and faster why this law because the bitcoin market cap is over six hundred billion dollars. Therefore investors and tourists will come here to benefit the economy in el salvador. There are already about fifty thousand people using bitcoin beyond dante. Miguel coconut salesman can always take payment from steve the tourists who wants to pay in bitcoin even if he wants to receive dollars if he says the price at two dollars he can charge. Steve who will spend bitcoin. The government will make sure. Miguel gets two dollars not one ninety five. If miguel now wants to sealion you'll be able to use the government wallet to do it. Hundreds of companies around the world make wallets. The government will offer one but the people of el salvador are also free to use others if outra z. Tags in the us she can send thirty dollars to miguel. Who is in el.

Steve europe two dollars alejandro machado Miguel one thirty dollars venezuela over six hundred billion dolla Hundreds of companies last night one dollars about fifty thousand people steve Eight and fourteen economic ag ninety five miguel Article seven euros salvador
"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

01:57 min | 7 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"Now to the other side of this peak. Twenty twenty one moment el salvador. Well the initial reaction to the el salvador news was jubilation among bitcoin. There have been some questions for international observers particularly those invested in the current fiat system. The concerns around environment crime that you would expect. We're all aired out. Libertarian minded global audiences. Meanwhile took umbrage with the compulsion inherent in the legal tender law. These folks argued in effect that forcing people to accept. Bitcoin was at odds with bitcoin locally. It seemed some people had the same concerns although it was less from. Some deep seated libertarian principles and more from practical questions about how it would actually work. What sort of additional infrastructure or processes it would take and what if someone didn't wanna deal with bitcoin volatility. I think the best way to give you. The flavor of last night's speech to actually use pull quotes as translated by alejandro machado. A honda is a co founder of the open money initiative and has been working on bitcoin and places like venezuela for years so as a particularly good source he tweets as address to the nation thread quote. Bitcoin will be optional. Nobody will receive bitcoin if they don't want it. There's no obligation to express any price in bitcoin. But it's possible to do so. The state will accept bitcoin for payments. If you don't wanna do this don't because currency so there will now be no capital gains taxes on it same as with dollars euros etc now. Article seven the opposition has demonized so much. Every economic agent must accept bitcoin as a means of payment. We can't take this article out of context. You also have to look at article. Eight and fourteen economic agents are obligated to accept bitcoin but not to accept it when a tourist from europe comes into wipes a card he or she will be spending euros but we are charging him dollars. This is what will happen with bitcoin. A tourist pain. Btc and if the merchant wants dollars it will get dollars. The government wallet will have to account one dollars in another and bitcoin the government while it will not use up any data all you need to use. The government wallet is a mobile internet signal.

july tomorrow south paulo july fourteenth fifteen hundred one million dollars thursday twitter Wang this week Carlos rail first last night congress paraguayan kelly three exchange around one hundred and sevente up to fifteen hundred each
El Salvador Announces National Bitcoin Wallet

CoinDesk Podcast Network

01:57 min | 7 months ago

El Salvador Announces National Bitcoin Wallet

"Now to the other side of this peak. Twenty twenty one moment el salvador. Well the initial reaction to the el salvador news was jubilation among bitcoin. There have been some questions for international observers particularly those invested in the current fiat system. The concerns around environment crime that you would expect. We're all aired out. Libertarian minded global audiences. Meanwhile took umbrage with the compulsion inherent in the legal tender law. These folks argued in effect that forcing people to accept. Bitcoin was at odds with bitcoin locally. It seemed some people had the same concerns although it was less from. Some deep seated libertarian principles and more from practical questions about how it would actually work. What sort of additional infrastructure or processes it would take and what if someone didn't wanna deal with bitcoin volatility. I think the best way to give you. The flavor of last night's speech to actually use pull quotes as translated by alejandro machado. A honda is a co founder of the open money initiative and has been working on bitcoin and places like venezuela for years so as a particularly good source he tweets as address to the nation thread quote. Bitcoin will be optional. Nobody will receive bitcoin if they don't want it. There's no obligation to express any price in bitcoin. But it's possible to do so. The state will accept bitcoin for payments. If you don't wanna do this don't because currency so there will now be no capital gains taxes on it same as with dollars euros etc now. Article seven the opposition has demonized so much. Every economic agent must accept bitcoin as a means of payment. We can't take this article out of context. You also have to look at article. Eight and fourteen economic agents are obligated to accept bitcoin but not to accept it when a tourist from europe comes into wipes a card he or she will be spending euros but we are charging him dollars. This is what will happen with bitcoin. A tourist pain. Btc and if the merchant wants dollars it will get dollars. The government wallet will have to account one dollars in another and bitcoin the government while it will not use up any data all you need to use. The government wallet is a mobile internet signal.

El Salvador News Bitcoin Alejandro Machado El Salvador Venezuela Honda Europe
"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

01:55 min | 7 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"Welcome back to the breakdown with me. And i'll w it's a daily podcast on macro bitcoin and the big picture power shifts remaking our world. The breakdown is sponsored by dot. Io and circle and produced and distributed by coin test. What's going on guys. It is friday. June twenty fifth and man. Did we have a quintessential moment. Last night an audible. Hush had fallen over bitcoin. Twitter as el salvador's president naive bu. Kelly began an address to his nation distributed over radio. Youtube and beyond. Peter mccormick pulled bitcoin beaches. Mike peterson to translate. It live as it was happening via twitter spaces. Numerous spanish speaking big winners were threatening the key aspects of the conversation and then there was ilan posting away. Having himself time it was at least for. Bitcoin offers absolutely peak. Twenty twenty one on one end of the spectrum a nation on the verge of showing the power of bitcoin for economic empowerment and change on the other and eccentric bilionaire as invested in bitcoin despite seemingly to delight mostly in triggering its most ardent supporters. Anyway let's talk about the alonside of the equation before we get to the much more useful relevant el salvador news jack dorsey posted about an event that was just announced. The event is called the b word how institutions can embrace bitcoin. It's sponsored by the crypto council for innovation arc invest square and paradigm. The description on the website reads the b word is a bitcoin focused initiative that to demystify these stigmatize mainstream narratives about bitcoin explained how institutions can and should embrace it and raise awareness around areas of the network. That need support. Jack added in his tweet. The bitcoin development community above all else as more companies institutions. Get into the mix. We all want to help. Protect and spread. What makes.

"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

06:17 min | 7 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"He might have been pressured by you know Outside entities his board or whatever the case may be about say some of the es g narratives around it and so no he kind of backpedaled on on tech support for bitcoin is also. He's he was out there pumping doj coin and other kind of mean coins And so they kind of. I think regretted some of the the status. They gave him in the space And so i think people have to think the same way that when they're giving you know the president of el salvador that kind of treatment where you know you have to realize they'll salvador still very troubled country There's there's there's questions about the way that they run. The government put lately. And so i think i think people have to be careful about saying you can recognize a good thing But you don't want to get into next trap of always kind of feel like you're relying on one person to kind of drive. The bitcoin narrative. I think overall i think one of the stories of the of the bitcoin followed up by this. El salvador. news is that lighting is is starting to reach critical mass. And so if you kind of look back in history there are start you know. It hasn't exploded the same way. That say defy has on a theorem right because it's inherently different purpose leading doesn't have that in-built incentives for using it as a gamified token casino. Right so it's basically this slower more structural buildouts and so it started as a white paper in two thousand fifteen They had to do some standards right. So the different companies could could start kind of implementing. Lightning there were interoperable. And the you know the the seguin update they could start actually building lightning on top of bitcoin. But you delimitation lighting is that. There's it's all relying on liquidity and there's only a handful of nodes it's not a broadcast. Never get sick a channel network and so that that took a long time to build out both the tools to allow that to be easier and for just more more people to use it more and more kind of channels a nose on the network. And so we've really kind of reached critical mass Starting late twenty twenty where it's pretty usable network for for small transactions in this kind of sufficiently liquid now and so we're starting to see kind of the killer apps come that actually kind of putting that number to use and starting to use that technology is it's one of those things where you know it can happen slowly and then all at once where you had a couple of years of of really building it out. Ever since it's been it's been possible. But i think you know. Now i think we're in a more exponential growth phase. Most likely where are the apps and the uses really starting to on board on that so exchanges lightning because it's cheaper And we're also seeing that you know it can be used places like el salvador remittances. It can be used in for example games streaming lightning streaming stats based on words in the game. I think that's one of the takeaways that conference overall the lightning is now. They're pretty well. Developed is still allowed to go but it has come pretty far and it. It's really a usable network. Now slate slight detour. But i want to make sure to get your take on it before before we wrap how much i i'm interested in your take on what's different this time with china's sort of anti bitcoin. Tight crypto actions. How much you think it has to do with their cdc and just in general how much you're watching. What's going on with a china cdc digital dollar and that sort of emerging topic of of conversation. So there are certainly people more than me better than me. That can that that followed chinese law closer than i do and kind of understand the nuances more than i do. My my interpretation from people. There munoz with me on the space. Is that this. One came from the premier came from a higher source And so it. This one is so far. Held more weight Than than previous you know quote unquote china bands for for mining. And so far. As i can tell seems to be actually resulting in hash rates shifting which i think is in the long run good. It's probably not ideal to have estimates of over fifty percent of hash rate. Anyone country right. You wanted to be as decentralized possible the released takes away one of the the narratives that bears have the network that that china's controls it. It's much harder to make that argument. They have forty percent or less at the hash. Rate there right even if it goes down much lower than that even better And so there's that kind of characteristic now china there's a couple of factors play one. Is you know they. I think they are somewhat concerned about say commodity inflation and some of the issues there right so but i think that's the smaller factor i think the bigger factor is that they are pretty far along here on their central banks dozo currency and they want they don't don't really wanna have competitors to that And they don't want to have that kind of as much as possible in the years ahead as they'd rather have that surveillance token that program token Rather than a decentralized token and i you know in some ways it makes sense because so for example. China wants to go round the based system. They want to build a buy commodities without having to rely on dollars. And so we've been in this kind of weird situation for while where you know you know. Structurally for for decades that has been the only currency worldwide. You can buy oil in and to expand. It's mostly the only only commodity only currency you can use to buy commodities in general and for that that sorta made sense in the united states was the biggest commodity importer But once china pass states became the biggest commodity importer. It's awkward That they're using this other currency to buy their own commodities. When in many ways in many times they were the biggest customer of whatever entity they were doing business with and so they have a pre strongest. Santa bill to have a currency that is more efficient and can can you know form their own routes Rather than be relying on another country. That could sanction them. They could cut off their circulation to to access those payment channels and so that makes sense the part of course that that people that that value freedom are rightly concerned about is the all the other attributes that that comes with that currency rice ability the ability to surveillance the ability to shut off. Someone's access to it if if whatever reason they're not on the on the right side of the government The building automatically deduct from it for example like automatic taxation or automatic fines or things like that..

forty percent Santa salvador China both over fifty percent one el salvador one person united states two thousand fifteen a couple of years china one of those things One decades one of the takeaways couple of factors late twenty twenty dozo currency
"el salvador news" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

05:19 min | 8 months ago

"el salvador news" Discussed on Adventures in Finance: A Real Vision Podcast

"I think the people who bought the bonds actually. Yeah i don't know. Yeah i agree with. Yeah someone else wants to ask a would see lewis. G has a question any comments on the recent story with bitcoin and el salvador price action notwithstanding. I'm still trying to formulate some thoughts on that. I mean look like you know. Bitcoin's up fifteen percent today or something like that on this el salvador news else. El salvador in the context of any country in the world is pretty insignificant. But it's golic you know it's symbolic that a sovereign nation would accept. Bitcoin is legal tender. You know which is something that the bitcoin people have been trying to get all along. So i understand the symbolism of it. I don't think i don't think from a flow standpoint. meaningfully changes the price of bitcoin. I think it's really julia matter of sentiment so yeah and to what degree jerry di think that bitcoin can be used as a currency. I know you're you're not a believer in it in any of its forms but specifically on its use as currency as a means of exchange is someone who are the people going to be going to the coffee shop and buying coffee with big people going to be buying a house with bitcoin What do you think about that. Well these were questions that were asked along time ago like in two thousand fourteen and because transactions are slow and cumbersome and they take a while and You have to deal with incredible price volatility. You know one of the there was. There was something. I tweeted about the bitcoin conference that got a lot of engagement. And it was. Did you see this. it was eddie percenter. No no it was. It was a picture. There was a woman who is like a presenter on stage and there was a powerpoint slide behind her and she was giving away free. Bitcoin and she said we're giving away twenty one hundred dollars in bitcoin. And i'm like i'm like this is a bitcoin conference like you think that you would dominate your. Bitcoin and bitcoin like they should say zero five. Bitcoin but they said we're giving away twenty one hundred dollars bitcoin so everybody is still doing this mental mathematics where they're like changing stuff into dollars and i really like in order bitcoin to be accepted than it has to be the unit of account and people have to start thinking in terms of bitcoin but were many years away from that yet. I honestly i agree with you. I think that there are a few people who think of. Oh i have one. Bitcoin and that. I don't really care about the price but i think the vast majority of people who have bitcoin think about it as how many dollars and that's what you see. Tensions running hot when it goes from sixty four to two thirty three and then three three back up to thirty six jerry. What what i was getting at is that. Let's say i'm a i'm a whole bitcoin. I love bitcoin. I'm a you know bickering. Max less whatever he wants to say. I'm into bitcoin. And you are a real estate investor And you are not into bitcoin..

twenty one hundred dollars sixty today three fifteen percent eddie percenter thirty six two julia jerry one two thousand zero five El salvador thirty three Max four el salvador bitcoin fourteen
"el salvador news" Discussed on Start Here

Start Here

03:08 min | 8 months ago

"el salvador news" Discussed on Start Here

"One more quick break when we come back. How long before your local airports currency exchange includes bitcoin. One last thing is next. Hey what's up everybody. This l z. Granderson here to tell you about my new podcast from. Abc audio called life out loud. This show is all about preserving the history and honoring the contributions of the lgbtq community. Each week. i'll talk to some of the most eighty people paving the way toward a more inclusive world. These conversations can get heavy but this show is also filled with so much joy. And i mean after all we are called gay people right so gotta be some happiness in there somewhere checkout life out loud with me. L z granderson. Wherever you get your podcast. One last thing whenever i talk about cryptocurrency i always feel like i'm two seconds away from someone being you don't understand this is the future. We are all going to be using this a year from now driving hopes for bitcoin devotees is that it will be treated one day like an actual currency cash. Right now people treat it like an investment a by it hoping the value will increase. Will this week. A country started listing bitcoin as a real currency as legal tender in el salvador. We're trying to ask this. The and they started to decipher country for the future. Now this does not mean. It's the country's official currency. That actually happens to be the us dollar which tells you something about the stability of the salvadoran economy over seventy percent of the active population in el salvador. Doesn't have a bank account the with this move. Bitcoin is now listed right there along other currencies like mexican pesos and brazilian als. You cannot pay your taxes in el salvador with bitcoin. You can list prices in bitcoin. And when you catch it out if no longer subject to capital gains tax more just like you're changing your money to euros something but as anyone really cashing out. Anyone who spent their bitcoin. Just last week would have missed out on a big price jump because this el salvador news what this really comes down to is. No one wants to be laszlo who ten years ago decided to pay for pizza with ten thousand bitcoins. I was trying to spread it around. And get you interested. They weren't the valuable. Then he'd be sitting on three hundred seventy two million dollars and in el salvador. As of this week that would now be tax free Teachers used to say like if you're on time you're late. It feels that way for crypto currencies. You're either early to the party. Or you're just begging. People wanted for doj coins. Start here tomorrow. Hit subscribe if you haven't already worn all these stories at abc news dot com or the abc news app. I'm ride milton. News honored whenever the second straight year with the edward r murrow award for overall excellence in television. Abc's america's number one source..

tomorrow last week el salvador ten thousand bitcoins three hundred seventy two mill brazilian this week mexican laszlo ten years ago second straight year Abc salvadoran l z. Granderson abc news two seconds One Each week lgbtq america
"el salvador news" Discussed on The Breakdown with NLW

The Breakdown with NLW

01:36 min | 8 months ago

"el salvador news" Discussed on The Breakdown with NLW

"El salvador is the first nation to truly adopted by doing this. They will provide an incredible force for developing in particular lightning and layer two solutions to make bitcoin viable for all uses not just stacking. What's more with this decision. El salvador's sowing the seeds of a new narrative about economic empowerment. Instead of money printer. Go for about as charles stack. Put it on twitter. A better world. Not just better gold. I didn't entire thread last night before. All of this on. Why i think. Bitcoin has been searching for the next raise on debt to follow. Last year's money printer go birmingham. How powerful it would be if this message of economic empowerment is it and finally of course. This is historic for el salvador. A tiny nation of six point five million formerly best known for its murder rate has launched itself into an international conversation about the global monetary system even more than that it is opted into an incredibly important role as crucible for us to discover bitcoins true capacity for economic empowerment. Joe weisenthal tweeted. I'm excited about the el salvador. News in a year will be able to see if it was an important development economically or not. was it used or not. No more need for theoretically. I don't know if a years the right time line for that but the idea underlying it that we won't have to debate as much as actually just understanding what happens is one hundred percent true and once again as i set on my last episode on this topic. We don't have to just watch. We can be involved. I'm excited to be here on this journey with each and every one of you until tomorrow be safe and take care of each other piece..

Joe weisenthal twitter Last year tomorrow last night five million charles six point one hundred percent each first nation birmingham El salvador two solutions salvador el El one
"el salvador news" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

01:36 min | 8 months ago

"el salvador news" Discussed on CoinDesk Podcast Network

"El salvador is the first nation to truly adopted by doing this. They will provide an incredible force for developing in particular lightning and layer two solutions to make bitcoin viable for all uses not just stacking. What's more with this decision. El salvador's sowing the seeds of a new narrative about economic empowerment. Instead of money printer. Go for about as charles stack. Put it on twitter. A better world. Not just better gold. I didn't entire thread last night before. All of this on. Why i think. Bitcoin has been searching for the next raise on debt to follow. Last year's money printer go birmingham. How powerful it would be if this message of economic empowerment is it and finally of course. This is historic for el salvador. A tiny nation of six point five million formerly best known for its murder rate has launched itself into an international conversation about the global monetary system even more than that it is opted into an incredibly important role as crucible for us to discover bitcoins true capacity for economic empowerment. Joe weisenthal tweeted. I'm excited about the el salvador. News in a year will be able to see if it was an important development economically or not. was it used or not. No more need for theoretically. I don't know if a years the right time line for that but the idea underlying it that we won't have to debate as much as actually just understanding what happens is one hundred percent true and once again as i set on my last episode on this topic. We don't have to just watch. We can be involved. I'm excited to be here on this journey with each and every one of you until tomorrow be safe and take care of each other piece..

Joe weisenthal twitter Last year tomorrow last night five million charles six point one hundred percent each first nation birmingham El salvador two solutions salvador el El one
"el salvador news" Discussed on Bitcoin Audible

Bitcoin Audible

02:29 min | 8 months ago

"el salvador news" Discussed on Bitcoin Audible

"Irrelevant. It does not matter. Bitcoin will provide the independence and the self sovereignty to the people. No matter how crappy their leader may be. This isn't about partnering with authoritarians or dictators. It's got absolutely nothing to do with that. It's about the ability for people who are in the worst conditions who are most set to benefit from this the most actually having access to it and for someone regardless of whether they are good or a bad president or whatever you think the fact that they embrace it and it becomes available to those people and the benefits and the explosion of growth that bitcoin will go through becomes accessible to those people is a monumentally. Great thing this is the major. This is the problem that bitcoin is set to fix monetary independence for the individual and. I don't care how crappy the government is that embraces that and gives that access to its people because bitcoin doesn't care. Bitcoin doesn't know it's about whether or not it is accessible to the people who need it. And this is a declaration that it will be. This is a declaration that someone is not going to get in the way and that is amazing news now. There's a lot more to unpack with this announcement. Because jack maller is actually announced a couple of other things in this talk that i think are massive news items kind of have gotten completely pushed under the rug or kind of ignored because of how big the el salvador news is. So let me get a little bit of water. 'cause like as it's probably sounds my voices a little bit Killing me right now know. Let's take a quick break in had our sponsor and talk about a new kind of water something refreshing and all natural on this so momentous of an occasion no coin. Er- tears the bottled water. That will start a liquid revolution by swan. Bitcoin dot com the greatest automatic. Bitcoin savings plan the scarcest of all liquid assets. No joyner tears have been carefully collected for over twelve years by plebs with an extraordinarily.

jack maller over twelve years el salvador
"el salvador news" Discussed on News 96.5 WDBO

News 96.5 WDBO

01:31 min | 1 year ago

"el salvador news" Discussed on News 96.5 WDBO

"This is news ninety six point five W. V. B. O. live team coverage of breaking news weather and traffic starts now I don't want to do is ninety six point five W. DPO some rain scattered throughout central for I'll get to that in a second but knew this afternoon our top stories third named storm of the season as forms tropical storm crystal ball is gathering strength in the Gulf of Mexico keep people started or in just day two of the twenty twenty Atlantic hurricane season crystal ball sets a record for the earliest third named storm that's according to the national hurricane center now's a great time to start making sure you have the supplies at hand the system is likely to linger in the vicinity of the southwestern Gulf of Mexico for several days this week after that it could move toward the U. S. Gulf coast early next week but if you're headed to the west coast of Florida to swim this weekend the new storm could bring rain and high surf Katrina scales news ninety six point five W. DBMS systems already caused deadly flooding in Guatemala and El Salvador news ninety six point five W. DPO Orlando turns first for severe weather on channel nine year old just rusty McRaney rain chances continue to be high the next several days will go back coming up I'm Jeanne lex or lots of light rain in east Orange County in southern Brevard county pretty much it as far as the rain goes right now it's eighty degrees in St for the new coverage by the Danish L. Jennings says a town hall meeting is being set up right now it's gonna get demonstrators and concerned citizens an opportunity to vent and share concerns after the George Floyd.

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