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Tag: El Salvador

  • El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

    El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

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    El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé submitted a digital assets issuance bill to the country’s legislative assembly, paving the way for the launch of its bitcoin-backed “volcano” bonds.

    First announced one year ago today, the pioneering initiative seeks to attract capital and investors to El Salvador. It was revealed at the time the plans to issue $1 billion in bonds on the Liquid Network, a federated Bitcoin sidechain, with the proceedings of the bonds being split between a $500 million direct allocation to bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region.

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    Namcios

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  • El Salvador To Buy One Bitcoin Every Day: President Bukele

    El Salvador To Buy One Bitcoin Every Day: President Bukele

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    Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every day starting today.

    The move to dollar-cost-average (DCA) into bitcoin is common in the community, however novel for a nation state.

    Currently, the country holds a bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large BTC purchases during times of market volatility and buying the dip.

    Outside of just purchasing BTC and holding it on balance for El Salvador, the Bukele administration has fostered the birth of events gathering world leaders from countries all over the world the learn about the financial freedom bitcoin adoption offers.

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    Shawn Amick

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  • Built On Bitcoin’s Lightning Network, BLIP Wants To Make Your Chats Unstoppable

    Built On Bitcoin’s Lightning Network, BLIP Wants To Make Your Chats Unstoppable

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    A new Bitcoin-based encrypted chat platform has been announced at the Adopting Bitcoin conference, BLIP.

    The new app, yet to be publicly released, leverages Hexum, a proprietary multilayer encryption method, also created by the team behind BLIP, that promises a more secure communication than popular end-to-end (E2E) encrypted apps.

    “WhatsApp and Signal use one static private key. The Hexum encryption method gives you a private key per message or per interaction. So hacking that is very difficult,” Alejandro Muyshondt, El Salvador national security advisor and co-founder of BLIP founding company High Voltage, told Bitcoin Magazine.

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  • DC-Based Coffee Company Launches Bitcoin Blend In Honor Of El Salvadoran Farmers

    DC-Based Coffee Company Launches Bitcoin Blend In Honor Of El Salvadoran Farmers

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    Compass Coffee, a cafe company based in Washington DC, has partnered with the Embassy of El Salvador to launch Bitcoin Blend, a limited-edition roast dedicated to the farmers of El Salvador, per a release sent to Bitcoin Magazine.

    The company hosted a conference and panel discussion on Bitcoin and El Salvador, featuring the Ambassador of El Salvador to the United States, Milena Mayorga.

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    Shawn Amick

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  • Tropical Storm Julia drenches Central America with rainfall

    Tropical Storm Julia drenches Central America with rainfall

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    SAN SALVADOR, El Salvador — Tropical Storm Julia drenched Guatemala and El Salvador with torrential rains Monday after it reemerged in the Pacific following a pounding of Nicaragua.

    Police said two people died in the eastern El Salvador town of Guatajiagua after heavy rains caused a wall of their home to collapse. Rivers overflowed their banks and El Salvador declared a state of emergency and opened 70 storm shelters.

    Julia hit Nicaragua’s central Caribbean coast early Sunday as a hurricane with maximum sustained winds of 85 mph (140 kph) and survived the passage over the country’s mountainous terrain, entering the Pacific late in the day as a tropical storm..

    By Monday morning, Julia´s winds were down to 40 mph (65 kph).

    The U.S. National Hurricane Center said Julia was centered about 40 miles (65 kilometers) west of San Salvador, El Salvador, and was moving west-northwest at 15 mph (24 kph).

    The center said life-threatening flash floods and mudslides were possible across Central America and southern Mexico through Tuesday, with the storm expected to bring as much as 15 inches (38 centimeters) of rain in isolated areas.

    In Guatemala, two people were listed as missing and two were hospitalized, and about 1,300 people had to leave their homes because of flooding and rising streams.

    Julia was expected to weaken further and dissipate later Monday as it passes along the Guatemalan coast.

    Colombia’s national disaster agency reported Sunday that Julia blew the roofs off several houses and knocked over trees as it blasted past San Andres Island east of Nicaragua. There were no immediate reports of fatalities

    In Nicaragua, Vice President Rosario Murillo told TN8 television on Sunday that there had been no initial reports of deaths, but power and communications were cut to some areas. She said that 9,500 people had been evacuated to shelters.

    Local news media showed images of trees toppled across roads and local flooding.

    Heavy rains and evacuations were also reported in Panama, Honduras and Costa Rica, where some highways were closed due to the downpours.

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  • New Monkey Charity-Focused NFT Community Partners With Leading Environmental Advocacy Group

    New Monkey Charity-Focused NFT Community Partners With Leading Environmental Advocacy Group

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    Conservation NFT Launch: Tiki Monkeys Partners With Paso Pacifico for Monkey Conservation in El Salvador and Throughout Central America

    Press Release


    Mar 14, 2022

    For this up and coming Earth Day, April 22, 2022, Tiki Monkeys, a new monkey charity-focused NFT (Non-Fungible Token) community, is going to start minting 10,000 unique art NFTs and donate 20 percent of the proceeds directly to Paso Pacifico, a nonprofit working to protect critically endangered monkeys in El Salvador and throughout Central America.

    Tiki Monkeys, a new NFT community, is partnering with Paso Pacifico.

    The Tiki Monkeys believes in using art to connect, increase awareness, and inspire people to build a community that together will drive improvements in conservation of monkeys. 

    The Presale will begin March 22 and 50 percent of the 300 NFT proceeds will go to Paso Pacifico to help with the conservation of monkeys. The Public Release will be on Earth Day, April 22, where there will be a collection of 10,000 randomly generated Tiki Monkeys NFTs. 20 percent of the proceeds will be donated to Paso Pacifico. Additionally, 3 percent of secondary market sales will be donated to Paso Pacifico in perpetuity.

    The Tiki Monkeys NFT project was created by Karl Post, a crypto fanatic since 2017. With 30 plus years of software development experience, he decided to put purpose behind the NFT movement and help drive change by connecting with Paso Pacifico to help with the charity efforts they are doing in El Salvador and throughout Central America.

    “The launch of Tiki Monkeys supporting this charity is the only way we could imagine joining the NFT community. It’s important that we’re transparent and communicative with how we’re supporting monkey conservation, so we couldn’t be happier that we’re donating proceeds from our mint directly to Paso Pacifico,” says Post, Tiki Monkeys Creator.

    About Tiki Monkeys: Tiki Monkeys is a friendly NFT community focused on helping monkey conservation charities. We believe huge movements are made up of tiny steps. With the support of the Tiki Monkeys community, we will help drive change in how NFTs can make a difference.

    For more information, visit https://www.tikimonkeys.com and follow Tiki Monkeys here:

    About Paso Pacifico: Paso Pacifico has worked since 2005 to protect spider monkeys, sea turtles, and other species with broad habitat needs in Central America. Its mission is to protect biodiversity where people already live, and to involve and empower local people. Their holistic, forward-looking methods incorporate science to help nature and people thrive together. Their programs have planted over 1 million trees, released over 100,000 sea turtles, increased the local populations of spider monkeys and other critically endangered species, helped start dozens of local eco-businesses, and taught over 1,000 children to help save the planet.

    For more information, visit www.pasopacifico.org and follow Paso Pacifico here:

    Media Contact: Karl Post / karl.post@TikiMonkeys.com

    Source: Tiki Monkeys

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  • Church of Scientology Joins the Celebration of 200 Years of Central American Freedom

    Church of Scientology Joins the Celebration of 200 Years of Central American Freedom

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    Every year on Sept. 15, Central Americans of Los Angeles celebrate the day Guatemala, El Salvador, Nicaragua, Costa Rica, and Honduras declared independence from Spain

    Press Release



    updated: Sep 14, 2021

    Sept. 15 marks the 200th anniversary of Central American countries declaring their independence. Working with leaders of the Los Angeles Guatemalan and Salvadorian communities, the Church of Scientology Los Angeles launched this celebration early, taking part in two parades and hosting two festivals over Labor Day Weekend, Sept. 4-5.

    First was the Guatemala Bicentennial Parade down Hollywood Boulevard, organized by the Guatemalan Chamber of Commerce. The Volunteer Ministers of the Los Angeles Church of Scientology partnered with the Chamber, hosting food drives this year to help deal with increased food insecurity because of the COVID-19 pandemic.

    Scientology Volunteer Ministers in their signature yellow T-shirts walked down the boulevard in front of their float. They carried a 12-foot banner bearing their motto: “Something can be done about it.” 

    The parade route ended at the Church of Scientology at L. Ron Hubbard Way in East Hollywood, where the Church organized an Independence Day festival featuring music, salsa dancing, and food from an assortment of Hollywood’s favorite food trucks. 

    Sunday was dedicated to the equally joyous celebration of El Salvador’s independence, beginning with a two-mile parade down Hollywood Boulevard organized by Festival Independencia Salvadoreña. Volunteers from the Scientology-sponsored United for Human Rights initiative, working with parade organizers, invited paradegoers to the Independence Day party at the Church of Scientology, right at the end of the parade route. Sunday’s celebration was rich in Latin American culture, with traditional music and dancing. 

    The Church of Scientology Los Angeles is an Ideal Scientology Organization, configured to serve its parishioners in their ascent to spiritual freedom and to serve as a resource for the entire community. 

    The Church sponsors humanitarian programs that provide practical solutions to some of the most pressing issues communities are confronted with today. Voices for Humanity, an original series on the Scientology Network, features, among many others, the work of Guatemalan human rights activist Cynthia Guerra and Salvadorian drug-prevention champion Hugo Angulo Rogel

    The Church of Scientology Los Angeles is also featured on the Scientology Network in the program Inside a Church of Scientology. 

    Scientology Network was launched with a special introduction by the religion’s ecclesiastical leader David Miscavige in 2018. Programs are available on DIRECTV 320, at Scientology.tv and through Apple TV, Fire TV, Roku, YouTube and mobile apps for smartphones and tablets.

    For more information, visit the Scientology Newsroom.

    Contact:
    Media Relations
    Church of Scientology International
    (323) 960-3500
    mediarelations@churchofscientology.net

    Source: Church of Scientology International

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  • Thought Leaders Gather for Forum on Central American Security & Economic Prosperity

    Thought Leaders Gather for Forum on Central American Security & Economic Prosperity

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    The forum will examine Central America’s Northern Triangle security, governance and socio-economic challenges, as well as recent commitments by the Biden Administration and multilateral development banks for expanded aid to the region.

    Press Release



    updated: May 25, 2021

    The Institute of the Americas will convene a two half-day, virtual forum June 2-3, 2021 to examine Central America’s Northern Triangle region’s (Guatemala, Honduras and El Salvador) challenges and opportunities. Admission is free but registration is required.

    Central America’s Northern Triangle countries are experiencing a historic diaspora to the southern border of the United States and to neighboring countries. The exodus is precipitated by an unprecedented economic contraction. Back-to-back Category 4 hurricanes, a historic pandemic, heightened crime, violence, official corruption and weakening democratic institutions, have produced desperation feeding unprecedented migration.

    The United States is a primary destination for Central American migrants. The Northern Triangle diaspora is also regional, affecting neighboring nations. The search for solutions and/or relief is multi-national and increasingly urgent. The Biden Administration’s recent four-year, $4 billion commitment of direct foreign assistance and a renewed focus from the IDB, IMF and World Bank hope to provide pandemic relief as well as support to strengthen democratic institutions and the economies of the region. If effective, they could help stem regional diaspora and, importantly for U.S. foreign policy, diminish the increasing attractiveness of investments from China. These commitments face equally historic challenges due to the region’s steadily weakening rule of law, rise of autocratic rulers, collapsing economies, insecurity and rapidly rising public needs at a time of steeply declining government revenues.

    A consensus has developed that only a regional multi-pronged strategy to strengthen both democracy and the economies of Central American countries provides plausible hope for relief. Meaningful progress could take years, comes with risks and will most likely require a sustained commitment by multilateral partners providing foreign aid, funding from multilateral development banks, private foreign investment as well as support from the philanthropic sector. 

    The objective of the Institute’s forum is to discuss ideas on how to get from here to there with sessions focused on addressing security, justice & governance issues in Central America; COVID impact & regional economic outlook; the Northern Triangle’s regional business climate and the role of direct foreign assistance, philanthropy and impact investing towards catalyzing community development, economic opportunity and social enterprise. 

    Keynote speakers include Congresswoman Norma Torres, Co-Chair of the House Central American Caucus representing California’s Inland Empire and Congressman Juan Vargas, Member of the House Foreign Affairs Committee representing the border region of San Diego and Imperial Counties.

    Other speakers include: Alan Bersin, former Assistant Secretary for International Affairs, U.S. Department of Homeland Security; former Vice President of INTERPOL for the Americas Region;  Adriana Beltrán, Director of Citizen Security, Washington Office on Latin America (WOLA); Eric L. Olson, Director of Policy & Strategic Initiatives, Seattle International Foundation; Metodij Hadzi-Vaskov , Regional Resident Representative, Office of Central America,  International Monetary Fund (IMF); Fernando Quevedo, Manager, Central America, Panama, Haiti, Mexico & DR, Inter-American Development Bank (IADB); Pedro Luis Rodriguez, Lead Economist-Central America, The World Bank Group(WB); Juan Carlos Zapata, Executive Director, FUNDESA; Juan Pablo Carrasco, President, American Chamber of Commerce, GuatemalaClaudia Kattán de Jordán, President, American Chamber of Commerce, Honduras;  Claudia Romero de Ibañez, President, American Chamber of Commerce, El Salvador; Caroline Boyd Kronley, President, The Tinker Foundation;  Eliza Brennan, Senior Program Officer, Migration & Education, International Community Foundation; and Richard Ambrose, Managing Partner, Pomona Impact, Antiqua Guatemala.

    For complete forum agenda and to register:  https://www.iamericas.org/challenges-opportunities-in-central-americas-northern-triangle-region/?eType=EmailBlastContent&eId=94d3e2c0-4296-470d-83e7-fabf2fcd0f4b

    About the Institute of the Americas:

    Established in 1981, the Institute of the Americas (IOA) is an independent, nonpartisan Inter-American institution devoted to encouraging social and economic reform in the Americas, broadening communication and strengthening political and economic relations between Latin America, the Caribbean, the United States and Canada. For more information: https://www.iamericas.org 

    Contacts:

    Richard Kiy, President & CEO,  Institute of the Americas: rkiy@iamericas.org

    Ernesto Grijalva, Practitioner in Residence, Institute of the Americas: egrijalva@iamericas.org

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    Source: Institute of the Americas

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