Bitcoin signage during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. The biggest Bitcoin event in the world brings a sold-out crowd of 12,000 attendees and thousands more to Miami for a two-day conference.
El Salvador’s President Nayib Bukele said the nation has adopted Bitcoin as legal tender, a step he believes will create jobs and promote financial inclusion.
Bukele, Latin America’s youngest president who’s known to break from the norms, said on Twitter lawmakers approved the legislation by a “supermajority.”
The 39-year-old leader has previously said that Bitcoin could boost the economy, help counter El Salvador’s low banking penetration rate and facilitate faster transfers for $6 billion of remittances a year. The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.
El Salvador’s central bank President Douglas Rodriguez said in an interview with state TV on Tuesday that Bitcoin is already used in the country and “it’s not something people need to be afraid of,” while adding it won’t replace the U.S. dollar.
Bitcoin has roughly halved from a mid-April record of almost $65,000, hurt in part by billionaire Elon Musk’s criticism of the amount of energy needed by the servers underpinning it.
Al Jazeera News Channel's journalist Givara Budeiri was arrested in a brutal manner by Israeli occupation forces while covering demonstrations in the occupied East Jerusalem neighborhood of Sheikh Jarrah. Al Jazeera holds the Israeli government responsible for her welfare and demands her immediate release. Al Jazeera's cameraman, Nabil Mazzawi, also had his camera destroyed by the Israeli authorities whilst reporting.
A clinical trial began this week to find out whether a third dose of vaccine will provide people with better protection against the Covid-19 virus, and to gather evidence on how different vaccines work together. Dr John Wright of Bradford Royal Infirmary, explains how the trial will work, and speaks to some of the volunteers.
Ministers are “absolutely open” to delaying the June 21 unlocking in England if the Delta variant - sometimes called the Indian variant - worsens the country’s coronavirus recovery prospects, the UK Health Secretary has said.
Documents reviewed by a Pune-based scientist couple are at the centre of the recent controversy over the origin of Covid-19. In an exclusive interaction with India Today/Aaj Tak, the couple revealed what led them to probe the 2012 incident from China that is now being linked to Sars-CoV-2.
A new wave of repression in Uganda has led to the abductions of dozens more opposition activists by security forces and at least one alleged death. Several hundred people are thought to have been detained without trial in the east African country in secret prisons where they are subjected to a brutal regime of mistreatment. The country has suffered a series of crackdowns aimed at stamping out dissent since campaigning began for presidential elections late last year.
Boris Johnson will urge G7 leaders to “defeat Covid” by vaccinating the world by the end of next year, as he pushes for a global watch system to catch new variants before they can plunge countries back into lockdown.
Myanmar’s security forces have reportedly killed 20 people in clashes with villagers armed with catapults and crossbows in the Ayeyarwady river delta region. If confirmed, the death toll would be one of the worst days of violence in the country in nearly two months.
The U.S. will give Taiwan 750,000 doses of COVID-19 vaccine, part of President Joe Biden's move to share tens of millions of jabs globally, three American senators said Sunday, after the self-ruled island complained that China is hindering its efforts to secure vaccines as it battles an outbreak.