Bitcoin News

El Salvador brought Bitcoin to the Miss Universe Pageant

At the preliminary Miss Universe in New Orleans, the 86 candidates could wear costumes representing the culture and heritage of their countries.
Alejandra Guajardo, who represents El Salvador in the beauty pageant, wore a costume showing the history of the country’s currencies. Bitcoin, a legal tender in the South American country since May 2021, was of course present on her costume, along cocoa beans, the Salvadoran colón and the U.S dollars.

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Nayib Bukele, elected president of El Salvador in 2019, has been pushing for Bitcoin’s mass adoption. The country passed a new law Wednesday on digital assets, which labels all crypto as securities, except for Bitcoin. Plans for a Bitcoin City had been unveiled in May 2022, entirely dedicated to the digital assets, on the side of a volcano. The energy from the volcano would be used to mine bitcoin.

Bitcoin and crypto assets in general experienced a rally in the last two days, following the release of the new inflation data from the Federal Reserve in the United States.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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