A top official said Zimbabwe is looking to allow cryptocurrency as legal payment, according to a local report Sunday.
El Salvador will use a "few million" of its bitcoin profits to build 20 schools, President Nayib Bukele said Tuesday.
El Salvador's President Nayib Bukele said on Sunday some of the country's bitcoin gains would fund a veterinary hospital.
Forcing businesses to accept a particular cryptocurrency goes against the the ideals of freedom important to crypto, the ethereum co-founder said.
El Salvador's President Nayib Bukele said the first bitcoin had been mined in the Central American country, powered by energy from volcanos.
Video shared by Bukele shows bitcoin mining rigs being installed near a volcano, after he promised to explore it as a source of renewable power.
President Nayib Bukele said there were more active users of the Chivo bitcoin wallet than of any single bank.
Nayib Bukele called himself a "dictator" on Twitter after protests against him erupted in the Central American country last week.
El Salvador bought during the latest dip, as bitcoin slipped below $45,000 amid a broader crypto sell-off, President Nayib Bukele tweeted Monday.
Investors poured a record amount of cash into solana-backed products last week, encouraged by the steadfastness of the sol token
JPMorgan said El Salvador's shaky bitcoin roll-out says more about the country's rushed mandate and less about the future use cases of crypto.
El Salvador became the first country to make Bitcoin an official currency. Here's what the rollout looked like from the ground.
Analysts said cryptocurrency investors had "bought the rumor, sold the fact" as El Salvador made bitcoin legal tender.
"This was a little air being popped out of the balloon," crypto billionaire Mike Novogratz said of Tuesday's bitcoin crash.
As El Salvador took the bitcoin plunge on Tuesday, the price of the volatile cryptocurrency plummeted as much as 17%.
The crypto unicorn, backed by billionaire Mike Novogratz, provided the Chivo wallet's programming interface and security platform.
"It just doesn't make sense to have a payments system with bitcoin when you can use [your] phone to make payments," said Mobius. "You don't need bitcoin."