El Salvador’s President claimed that Bloomberg’s article criticizing his Bitcoin policy was “full of lies” The economy of the country took a sharp downturn following BTC’s fall Nayib Bukele, the Presi...
Tag: Bukeles
El Salvador Bukele’s administration proposed ‘Bitcoin bonds’
The idea for El Salvador’s ambitious “Bitcoin bonds” campaign, which was conceived at a period of falling prices in the cryptocurrency market, has already moved forward a significant...
Bukele’s government introduced a bill to launch the ‘Bitcoin bonds’
Amid the crypto market downturn, El Salvador finally made a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy, Maria Luisa Hayem Brevé, introduced ...
Tweeter arrested for mocking security of bitcoin-loving Bukeles
In another alarming step towards authoritarianism in El Salvador, Luis Alexander Rivas Samayoa, who goes by the username ‘@_elcomisionado_‘ was arrested on August 21 after posting a tweet that was hig...
El Salvador to Buy Back Bonds After Bukele’s Bad Bitcoin Bets
El Salvador’s president wants to buy back $1.6 billion in sovereign debt as the country’s finances look increasingly strained after a series of mistimed bets on Bitcoin. In a Tuesday tweet, Nayib Buke...
El Salvador to buy back $1.6B bonds following Bukele`s bad investments
El Salvador has been caught in the icy grip of cryptocurrency winter. In September, El Salvador officially recognized bitcoin as a legal currency. The initiative, launched by President Nayib Bukele, e...
Tron DAO Follows Nayib Bukele’s El Salvador to Purchase 500 Bitcoin (BTC) Worth $15.5 Million
– Advertisement – Cryptocurrency investors continue to see the recent market dip as an opportunity to increase their holdings in the asset class. The Tron Decentralized Autonomous Organiz...
President Nayib Bukele’s Absence Felt At The Miami Bitcoin 2022 Conference ⋆ ZyCrypto
Advertisement     Nayib Bukele will be absent at this year’s Bitcoin conference. Bukele had been expected to give updates about the utilization of Bitcoin as legal ten...
Some Salvadorans Remain Behind Bukele’s Bitcoin Policy Despite Warnings
Some Salvadorans have expressed support for their country’s adoption of Bitcoin as legal tender, per France 24. “It has been a very, very good experience and increased our sales. It has t...
Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since Adoption
El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the...
Bukele’s Bitcoin Is Not What Turkey Needs
This problem is rooted in the late 1980s when Turkey opened its capital accounts, allowing the lira to trade and float against other international currencies, at a point where it was still very much a...
Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s
El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told ...
Nayib Bukele’s Bitcoin Buys Have Lost El Salvador Money So Far: Report
El Salvador President Nayib Bukele has cost the country money by betting on Bitcoin, according to calculations made by Bloomberg. Relying solely on Bukele’s frequent Twitter announcements that he bou...