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.
Abubakar Shekau, the leader of Nigeria's Boko Haram extremist group, was once rejected by ISIS for being too radical. Shekau, who reportedly killed himself during a gunfight, according to West Africa's ISIS affiliate, took the reins of Boko Haram in 2010 after its founder Mohammed Yusuf died in police custody.
According to the Vaccine Adverse Events Reporting System (VAERS), the experimental covid-19 vaccines are causing illness, injury and death at an overwhelming pace, unlike any other vaccine on the market.
The Prime Minister will call on fellow G7 leaders to make concrete commitments to vaccinate the entire world against coronavirus by the end of 2022 when he welcomes them to Cornwall for the G7 Summit later this week.
England’s recent increase in Covid-19 cases is likely caused by the strain of the virus first detected in India, the UK government’s data authority, the Office for National Statistics (ONS), said on Friday.chr
North Korea claimed there were no positive COVID-19 cases in the country after testing a cumulative total of more than 28,900 people, according to self-reported data in an updated World Health Organization (WHO) report.