Wednesday, 22nd March 2023
<To guardian.ng
Search

Bitcoin value plunges as El Salvador adoption hit by protests, technical issues

By France24
11 September 2021   |   11:21 am
The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.

Related

14 Apr 2022
Protesters have called for the naming of the white police officer who killed Patrick Lyoya. It comes after police release footage showing the officer shoot the him in the head.
18 Apr 2022
Find these stories and much more when you grab a copy of The Guardian on Tuesday.⁣
20 Apr 2022
In September 2021, El Salvador became the first nation in the world to make bitcoin its official currency, along with the US dollar. The experiment in the small Central American country was considered groundbreaking by some and too risky by others. Seven months on, our regional correspondents take a look at how it has changed the lives of Salvadorians, for better or for worse.
22 Apr 2022
Although El Salvador has seen a fall in the number of homicides, the country suffers from another type of crime that the government avoids talking about. Gangs are stepping up kidnappings and forced disappearances, terrorising the most vulnerable, who increasingly end up dead. Faced with the authorities' silence, who keep no official register, victims' loved ones are speaking out. Our regional correspondents Laurence Cuvillier and Matthieu Comin report.
5 May 2022
Central African Republic and El Salvador have made Bitcoin legal tender and Panama has approved a bill to regulate crypto assets. Experts have warned that nations that adopt crypto currencies risk instability.
9 May 2022
The value of the world's biggest cryptocurrencies have been sliding in line with global markets, in particular the tech-heavy Nasdaq.
14 May 2022
A court in El Salvador has sentenced a woman to 30 years in prison because she suffered an obstetric emergency that ended her pregnancy. Abortions are banned in the Central American country.
11 May 2022
The president has warned against "racial and religious disharmony." Police have received orders to use live ammunition against protesters deemed to be participating in violence.
14 May 2022
On May 15, parliamentary elections will take place nationwide in Lebanon. The Lebanese diaspora, estimated to be double the size of the domestic population, already cast their ballots last week. Around 60 percent of people across 58 countries turned out, slightly more than in 2018. We bring you a special edition of Middle East Matters on Lebanon's first elections since the mass protests of 2019.
17 May 2022
Pro-choice demonstrators are rallying across the US in opposition to the Supreme Court's draft opinion that could scrap the right to abortion. Protesters say it is only the beginning of their fight against the decision.
20 May 2022
In 2020, Thai youth sparked the largest wave of anti-government protests since the 2014 military coup. But human rights activists say persecutions and systematic harassment have weakened the pro-democracy movement.
30 May 2022
Following the second-deadliest school shooting in US history, protesters faced off with gun enthusiasts at an NRA convention in Texas this weekend. But both sides doubt that reforms will happen.