Bitcoin Adoption in El Salvador: A Ground-Level Perspective
Bitcoin Adoption in El Salvador: A Ground-Level Perspective
🇸🇻 Bitcoin Beach Goes Uptown
Jamie Robinson (@JYUHQS) of The Bitcoin Hardware Store (@tbhs_sv) shares insights on Bitcoin adoption in El Salvador:
- Bitcoin payments are primarily used in high-end businesses, showing a tiered adoption pattern
- @tbhs_sv operates almost entirely on Bitcoin, paying suppliers, rent, and staff in BTC
- The store is expanding beyond Bitcoin Beach to Berlin, El Salvador, with plans for San Salvador
- After 12 months of operation in El Zonte, the business demonstrates sustainable growth
Watch the full interview: Bitfinex Talks Episode
.@tbhs_sv isn’t stopping at Bitcoin Beach. Expansion is on the horizon. . @JYUHQS talks about its satellite location in Berlin, El Salvador, and its plans to open a store in San Salvador. 📺 Watch now: youtu.be/kJ_2OtU_v90
How much of your business can run on #Bitcoin alone? @JYUHQS reveals how @tbhs_sv pays its landlord, accountant, and suppliers in $BTC, adhering to a Bitcoin standard as closely as possible. 📺 Watch it now: youtu.be/kJ_2OtU_v90
Is it easy to live on #Bitcoin in El Salvador? 🇸🇻 @JYUHQS explains why Bitcoin payments are more common at top-tier businesses and how locals adapt to the new financial landscape. 📺 Watch the episode: youtu.be/kJ_2OtU_v90
SimpleBTC App Launches Interactive Bitcoin Education with Lightning Rewards
A new educational platform called SimpleBTC App aims to revolutionize Bitcoin learning through: - Interactive lessons combining theory with practical transactions - Lightning Network rewards for completing lessons - Certification system to verify knowledge - Duolingo-style approach to cryptocurrency education The platform was created by Yannick to address the knowledge gap in traditional financial education regarding Bitcoin and monetary systems. [Watch the full demonstration](https://youtu.be/Qe387JdqDoQ)
US Strategic Bitcoin Reserve Announced at White House Crypto Summit
Former President Trump has announced the creation of a US Strategic Bitcoin Reserve at the inaugural White House Crypto Summit. Key developments include: - Executive order establishing a virtual Fort Knox within US Treasury - Commitment to end regulatory crackdowns on crypto - Push for stablecoin legislation by August 2025 Market reaction showed initial price increases on anticipation, followed by a sell-the-news event after the official announcement. The initiative marks a significant shift in US digital asset policy, though immediate market impact remains uncertain. Read more: [Bitfinex Alpha Report](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-market-losses-rise-as-bulls-hesitate/)
KAIA Token Now Trading on Bitfinex with Zero Maker Fees
Bitfinex has officially launched trading for $KAIA, the native token of KaiaChain. Key details: - Zero fees for maker orders - 4 basis points fee for taker orders - KaiaChain represents Asia's largest Web3 ecosystem - Created through merger of Klaytn & Finschia platforms - Integrated with LINE and Kakao Talk super apps KaiaChain aims to provide Web3 services to millions of users across Asia through established messaging platforms. The blockchain offers Ethereum-equivalent functionality as a Layer 1 solution. Learn more: [Educational Guide](https://blog.bitfinex.com/token/what-is-kaia-kaia/)
Bitfinex Integrates USDT0 for Cross-Chain Operations
Bitfinex has launched support for USDT0, an omnichain version of Tether's USDT stablecoin. Built on LayerZero's Omnichain Fungible Token standard, USDT0 enables: - Seamless transfers across multiple blockchains - No fragmented liquidity or traditional bridges - Support on networks including Ink and Arbitrum One The integration allows Bitfinex users to deposit and withdraw USDT0 across supported chains, streamlining cross-chain operations. [Learn more about USDT0](https://blog.bitfinex.com/token/what-is-usdt0/)
Ethereum's Price Struggles Amid Project Slowdown and High Fees
Ethereum's performance remains subdued due to several key factors: - High gas fees deterring new projects and builders - $1,800 identified as crucial support level to monitor - ETH ETFs showing mixed results: * Some inflows to newer products like BlackRock * Significant outflows from established funds like Grayscale The ETH/BTC ratio has reached its lowest point in over 1,200 days, with aggressive selling by major market makers like Jump Trading contributing to a 40% price decline. [Read full analysis on Cointelegraph](https://cointelegraph.com/news/ether-1-8k-correction-global-tariff-fears-eth-etf-outflows)