El Salvador becomes first country to make bitcoin legal tender
10 September 2021 |
11:38 am
On 7 September 2021, El Salvador became the first country to embrace bitcoin as legal tender. Consumer demand saw its brand-new cyber wallet system crash on its first day of use as the currency's value seesawed against the US dollar. While thousands of Salvadorans are already using the cryptocurrency for everyday transactions, hundreds have taken to the streets to protest with concerns about the safety and legitimacy of the cyber currency.
Related
Related
11 Apr
Some countries in Europe have begun to ban short-haul flights to cut emissions. Will other countries follow? And — can these bans make a real difference?
15 Apr
Here's what's been making the business headlines in sub-Saharan Africa this week.
13 Apr
Nigeria’s Minister of Finance, Wale Edun says 4.83 trillion naira from T-Bills and Bonds issued in the first quarter of this year was used to pay part of the Ways and Means advances from the Central Bank of Nigeria. Sam Chidoka, CEO of Kairos Capital joins CNBC Africa for more on this discussion and Nigeria's debt management strategy.
4 days ago
A year after Lula came to power, his gamble has paid off: deforestation has been halved in the Amazon. But this success comes at the cost of sacrificing another ecosystem that's just as vital to Brazil: the Cerrado.
4 days ago
Some top Nigerian banks are eyeing the international and local capital markets to raise fresh capital in a bid to meet the recapitalisation exercise by the Central Bank of Nigeria. Egie Akpata, Chairman of Skymark Partners joins CNBC Africa to examine options available to banks.
2 days ago
According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years
Latest
18 mins ago
Tunde Onakoya, a chess mastermind and founder of Chess in Slums Africa, has completed an incredible feat! He embarked on a journey to break the Guinness World Record for the longest chess marathon without a loss, aiming to surpass the existing mark of 56 hours and 9 minutes. And in the early hours of today, Saturday, April 20th, Tunde emerged victorious!
1 hour ago
Iranian state media have reported loud explosions in the sky near the central city of Isfahan. Tehran says say its air defense systems were activated at a nearby military base and a nuclear facility.
1 hour ago
In this week’s special edition of Access Asia, we focus on India as the country's record-breaking election gets under way. In the past few years, India's ranking in the World Press Freedom Index has plummeted.
1 hour ago
How can a conflict that is taking place right now, and that’s regarded as the biggest humanitarian crisis in the world, become known as the forgotten war? Aid agencies say that after exactly a year of civil war in Sudan, driven by a fight for power between two military factions, the world has turned away.
3 hours ago
Tunde Onakoya, a chess mastermind and founder of Chess in Slums Africa, has just wrapped up a truly inspiring challenge! He attempted to break the Guinness World Record for the longest chess marathon without a loss, aiming to surpass the existing mark of 56 hours and 9 minutes. As at 04:30 am Saturday 20th morning,…
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Saturday.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.