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El Salvador Bolsters Bitcoin Investment Strategy With Certification Offering

El Salvador Bolsters Bitcoin Investment Strategy With Certification Offering
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El Salvador To Offer ‘Bitcoin Instructions & Certification’ To Civil Servants

The National Bitcoin Office (ONBTC), a part of the Presidential office of El Salvador, has recently made a significant announcement. Today, the ONBTC revealed that it is readying to initiate a nationwide Bitcoin instruction and certification drive, targeting the country’s civil servants. This decision comes as an effort to revolutionize the country’s ongoing Bitcoin investment plans, echoing a bustle across the broader market.

El Salvador’s Efforts to Promote Bitcoin Adoption

According to an official announcement by the ONBTC on August 21, the nation will soon start offering BTC instructions and certification to nearly 80,000 public servants. This effort aims to educate and certify a substantial number of Salvadoran civil servants about BTC. In turn, the effort seeks to ensure that government employees remain well-versed in the flagship crypto-related operations.

Integrating Bitcoin Education into School Curriculums

The ONBTC also plans to amalgamate open-source BTC-related courses into public school curriculums. Notably, two particular courses to be initially rolled out in schools include “Mi Primer Bitcoin” (My First Bitcoin) and “Node Nation.” These courses facilitate the basics of BTC, blockchain technology, and technical aspects such as operating a BTC node. Altogether, this development echoed optimism nationwide, with El Salvador further reinforcing its commitment towards the flagship coin.

BTC Price Tackles Turbulence

Despite the token gaining significant traction globally, market bears have prevented the coin from scaling new heights post-halving. At press time, the BTC price rested at $59,349, a 2% dip in the past 24 hours. Its intraday lows and highs are $58,610.88 and $60,976.82, respectively.

Market Sentiments

Coinglass data shows a 2.5% dip in BTC futures OI to $30.62 billion today. However, the derivatives volume soared 9% to $57.24 billion, fueling contrasting market sentiments. Simultaneously, Mt Gox again shifted a whopping 1,265 BTC to Bitstamp today, per SpotonChain data, aligning with the coin’s slumping movement. Nevertheless, it’s also worth mentioning that Galaxy Digital bagged a whopping $82 million worth of BTC recently.

Conclusion

El Salvador’s efforts to promote Bitcoin adoption among its civil servants and integrate Bitcoin education into school curriculums are expected to have a significant impact on the country’s digital economy. As the nation continues to innovate and adapt to the evolving crypto landscape, it will be intriguing to see how these initiatives shape the country’s future.

FAQs

Q: What is the National Bitcoin Office (ONBTC)?
A: The ONBTC is a part of the Presidential office of El Salvador, responsible for overseeing and promoting the country’s Bitcoin-related activities.

Q: What is the purpose of the Bitcoin instruction and certification drive?
A: The drive aims to educate and certify nearly 80,000 public servants on BTC, ensuring they are well-versed in the flagship crypto-related operations.

Q: What are the two initial courses to be rolled out in schools?
A: The two courses are “Mi Primer Bitcoin” (My First Bitcoin) and “Node Nation,” which cover the basics of BTC, blockchain technology, and technical aspects such as operating a BTC node.

Q: What is the current BTC price?
A: At press time, the BTC price rested at $59,349, a 2% dip in the past 24 hours.

Q: What does Coinglass data show regarding BTC futures OI?
A: According to Coinglass data, BTC futures OI dipped 2.5% to $30.62 billion today.

Q: What is Galaxy Digital’s recent Bitcoin purchase?
A: Galaxy Digital bagged a whopping $82 million worth of BTC recently.

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