El Salvador
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school. President Bukele predicted that two more countries will join El Salvador to adopt Bitcoin as a legal tender in 2022. In the same year, he expects a bull run that will take BTC price to a new all-time high of $100,000. 2022 predictions on #Bitcoin: •Will reach $100k•2 more countries will adopt it as legal tender•Wil...
Some Salvadorans claim funds are missing from their Chivo wallets
Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media. In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 Salvadorans have reported December losses totaling more than $96,000, following the setup of the Bitcoin (BTC) wallets by the government. Some of these transactions were for as little as $61, but others said they were missing thousands or more. 2- $3,921 pic.twitter.com/fvP8aLHQyP — El Comisionado (@_elcomisionado_) December 18, 2021 “There is a security flow on the wallet where money and transactions disappeared,” said Luis Guardado in a direct appeal to President Nayib Bukele. “No tech support and only useless calls, where is my money.” Bukele said in October that 3 million...
Law Decoded: Three regulatory trends of 2021, Dec. 20–27
It is that time of the year: Singular events must be abandoned in favor of end-of-year, big-picture narratives and yearly lessons learned. As many governments across the globe finally had to face the rapidly mainstreaming realm of digital finance, the year is packed with developments in crypto policy and regulation that are impossible to fit into a neat little summary. However, it is possible to try and distill several major trends that have come to the fore during the past 12 months, and that will keep shaping the relationship among societies, state power and the crypto space as we roll into 2022. Below is the concise version of the latest “Law Decoded” newsletter. For the full breakdown of policy developments over the last week, register for the full newsletter below. U.S. Congress notic...
Andrey Arshavin: Moses is a strong character for Russian championship
Former Russian attacking midfielder Andrey Arshavin says Victor Moses’ arrival has strengthened Spartak Moscow and expects him to help the club this season. Moses scored his first goal in Russian football as Spartak Moscow thrashed their hosts Krasnodar 3 – 0 last weekend. The former Nigerian international was also involved in the Moscow derby against CSKA eight days ago. Speaking on the impact of Moses on Spartak Moscow since his arrival, Arshavin who also played for the club during his days, said Moses is a strong character for the Russian championship and has improved the team. “I think it was clear that this is a strong footballer for our championship. Moses has strengthened the necessary position for Spartak.” Andrey Arshavin said “I remember how he played for Wigan against us. He pla...
CONCACAF postpones start of World Cup qualifying until 2021 due to pandemic
CONCACAF has confirmed that the body’s member nations will have to wait until 2021 in order to begin qualifying for the 2022 Qatar World Cup. The federatin announced in August that the competition’s first group stage would commence with four rounds of fixtures to be played in the October and November international windows. Six qualifiers would then advance to the second round, from which a further five teams are planned to advance to the final stage alongside top-seeded CONCACAF nations Mexico, United States, Costa Rica, Honduras and Jamaica to determined the region’s 3.5 spots for Qatar. Now, though, the tournament faces further rescheduling as it was deemed that the planned 2020 fixtures will not take place due to the lingering danger of the coronavirus pandemic. “CONCACAF has held recen...
Guatemalan president says graft fighter biased, ahead of Harris visit
Guatemala’s President Alejandro Giammattei criticized the country’s best-known graft prosecutor for what he said was a left-wing politicization of the fight against corruption, a view at odds with strong U.S. backing for his work. Speaking in an interview with Reuters late on Tuesday, Giammattei nonetheless expressed hope that a visit to Guatemala next week by U.S. Vice President Kamala Harris will produce shared strategies to create prosperity in rural areas prone to emigration. Harris, a Democrat, is in charge of Washington efforts to tackle the causes of mass migration from Honduras, Guatemala and El Salvador, collectively dubbed the Northern Triangle, including a focus on corruption and poor governance that she says limit opportunities. There is a $4 billion U.S. aid package to the reg...