Permanent residence in[ El Salvador] for {crypto} entrepreneurs

Permanent residence in El Salvador for crypto entrepreneurs

As we reported a few days ago, the President of El Salvador, Najib Abu Quilla, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Abu Kileh announced in his latest tweet that:

"The government immediately grants permanent residency to crypto entrepreneurs."

Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bokle added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.

It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year sent more than $ 6 billion in remittances, despite the Corona epidemic.

Abu Kileh acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.

Ethereum transaction fees skyrocket as the price of the Shiba Inu token rises

Ethereum transaction fees skyrocket as the price of the Shiba Inu token rises

The price of the Shiba Inu (SHIB) token, which was created to compete with the Dogecoin, has risen 32,500 percent over the past 30 days, causing the Ethereum blockchain network to become crowded and commissions to rise.

According to Etherscan, the average Ethereum transaction fee at the time of writing is $ 9, and the average cost of transferring ERC-20 tokens is $ 28. Meanwhile, the token exchange fee at Uniswap Decentralized Exchange rose to around $ 260 in an instant yesterday.

"One of the main factors in the congestion of the Ethereum network could be the large volume of SHIB trade," said Larry Cermak, a digital currency analyst.

In fact, SHIB has become the center of attention of traders due to its price.
According to CoinMarketCap, the price of this token has increased by more than 500% during the last day and reached the highest figure of $ 0.0000195.
It is noteworthy that this token was traded more than a month ago at a price of $ 0.00000006.

It is not entirely clear what can accelerate the sudden and explosive growth of SHIB. Some users have referred to a recent tweet from Ilan Musk, CEO of Tesla and SpaceX, that his remarks have led to Dogecoin rising in price on several occasions in the past.

Mask responds to a tweet about real live dogs on May 7: "I'm looking for a SHIBA puppy!"