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El Salvador becomes first country to adopt Bitcoin as an official currency

The Verge

As of today, Bitcoin is an official currency of El Salvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. CNBC notes that the move makes El Salvador the first country to officially have Bitcoin on its balance sheet and to hold it as part of its reserves.

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Bitcoin will soon be an official currency in El Salvador

The Verge

El Salvador has passed a resolution to make Bitcoin a legal currency, which makes it the first country to do so ( via The Guardian ). The country currently isn’t a large hub for mining Bitcoin — according to University of Cambridge estimates , it’s not in the top 10 mining countries. Illustration by Alex Castro / The Verge.

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How Donorbox powers these nonprofits’ fundraising

Socialbrite

After 12th grade, Shanti Bhavan also covers their university education. Schoolchildren in El Salvador, young constituents of the Salvadoran American Humanitarian Foundation. Since 1983, SAHF has disbursed nearly $600 million in in-kind support to more than 550 health-related programs and institutions across El Salvador.

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Research Friday: Why Give to International Charities?

ASU Lodestar Center

I am a student in the Master of Nonprofit Studies program at Arizona State University and work for the ASU Lodestar Center. Karina Lungo is a graduate student in the MNpS program at Arizona State University. In fact, though the U.S. I am not suggesting giving 100 percent of our contributions to international causes.

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What we know about China’s cryptocurrency crackdown

The Verge

The reports indicate the potential for a large drop world’s crypto mining capacity: the University of Cambridge estimated in April of 2020 that China provided 65 percent of Bitcoin’s hashrate, with three main provinces making up the bulk of that computing power. Graph: University of Cambridge.

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Research Friday: Legal Structure Alternatives to Lead Social Change

ASU Lodestar Center

Karina Lungo is a graduate student in the MNpS program at Arizona State University. She has vast international experience since she was born in El Salvador and has lived and traveled in several other countries.

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Trump defies U.S. judge’s order, deports hundreds of immigrants to El Salvador

Fast Company Tech

The Trump administration has transferred hundreds of immigrants to El Salvador even as a federal judge issued an order temporarily barring the deportations under an 18th century wartime declaration targeting Venezuelan gang members, officials said Sunday. Flights were in the air at the time of the ruling. District Judge James E.