Bitcoin detractors and those protesting the policies of El Savador President Nayib Bukele have destroyed a crypto kiosk in the nation’s capital city.
News outlet Teleprensa and others posted videos on social media showing a Chivo-supported kiosk in San Salvador burning amid a crowd of journalists and protesters on Wednesday. The Bitcoin (BTC) machine, one of many arranged by the El Salvador government since its acceptance of the cryptocurrency as legal tender in the country, could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.”
San Salvador Mayor Mario Durán said city workers had pulled out of the area after receiving threats but planned to return later this afternoon. At the time of publication, the damage seems to be limited to the Chivo machine in the Plaza Gerardo Barrios in the center of the capital city, but protesters also reportedly burned furniture from one of the plaza’s shops.
More than $1 billion worth of Ether (ETH) has been removed from centralized exchanges in the past 24 hours, leading to speculation about imminent price gains for Ether as supply shrinks on many trading venues.
According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth of ETH was withdrawn from centralized exchanges on Thursday to mark a new record in short-term outflows from exchanges.
IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April.
The situation has changed since April, however. Last month’s London upgrade introduced a burn mechanism into Ethereum’s fee market, creating increased deflationary pressure on Ether’s supply dynamics.
This Daily Dose was brought to you by Cointelegraph.