The fact that El Salvador is now something of a “home” for Bitcoin was already widely understood, but that Texas also aspired to such a role was not at all clear. However, Texas still produces large a...
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El Salvador: Bitcoin embassy in Texas
El Salvador is opening a new Bitcoin embassy in Texas. The first one was established in October 2022 with an economic cooperation agreement with the City of Lugano in Switzerland. El Salvador and its ...
Bitcoin risk has not materialized in El Salvador
A few days ago Reuters revealed that the International Monetary Fund says Bitcoin-related risks for El Salvador have not materialized. The IMF explicitly admitted that such risks have not materialized...
El Salvador: will bitcoin bonds arrive in 2023?
The soap opera about the Bitcoin bonds that El Salvador should issue to finance the construction of Bitcoin City continues. El Salvador: the failure to launch Bitcoin bonds. The announcement of the pl...
Bitcoin: forecasts from El Salvador
Nayib Bukele, President of El Salvador and a huge Bitcoin enthusiast, made a number of predictions over the past year about the behavior of Bitcoin and the crypto ecosystem in general. These, specifi...
The link between Bitcoin and El Salvador continues!
In a recent interview, Sam Bankman-Fried states that he has not built a backdoor to access FTX clients’ funds because he does not “know how to code.” We were almost becoming accustomed to silence from...
El Salvador: $1 Billion in Bitcoin Bonds
El Salvador’s proposed digital securities law opens the door to Bitcoin Volcano Bonds and their mission to raise $1 billion to fund government activities. El Salvador: digital securities bill opens t...
El Salvador ready to launch Bitcoin Volcano Bonds
Yesterday, El Salvador’s Economy Minister María Luisa Hayem Brevé sent a request to Parliament for the creation of a Bitcoin fund administration agency. This was reported by local newspaper ElSalvado...
El Salvador grows thanks to Bitcoin
El Salvador is experiencing continued growth in various sectors after making Bitcoin legal tender in September 2021. Ambassador Milena Mayorga reports the rising numbers on Twitter. El Salvador: Mile...
El Salvador still invests in Bitcoin
El Salvador’s President Nayib Bukele said that starting today, he will return to investing in Bitcoin, buying one per day. After 3 months, El Salvador returns to investing in Bitcoin. The bearish mar...
Did El Salvador Have Bitcoin Deposited In FTX?
Rumors have circulated in recent days that El Salvador may have been involved with the FTX collapse because of Bitcoin deposited on the exchange. In particular, the speculation that has been circulat...
China is targeting El Salvador’s foreign debt
El Salvador’s Vice President Felix Ulloa said that China has offered to buy the country’s heavily distressed external debt. El Salvador: Felix Ulloa reveals China’s offer to buy foreign debt Felix Ull...
Estee Lauder stock tumbles more than 11% after profit beat expectations, but outlook was well below
Shares of Estee Lauder Cos. EL, +3.13% tumbled 11.1% toward a 2 1/2-year low, after the beauty products company fiscal first-quarter profit that topped expectations while sales matched, but provided a...
Lugano signs an agreement with El Salvador
Today, Michele Foletti, Mayor of Lugano, and Milena Mayorga, El Salvador’s Ambassador to the United States, announced that the City of Lugano and the Republic of El Salvador have signed a Memorandum o...
El Salvador: Bitcoin ATMs in the country of Bukele
When it comes to Bitcoin ATMs, El Salvador appears not to be moving forward in 2022, dropping to fourth place in the world ranking of countries with the most BTC ATMs and leaving third place to Spain....
El Salvador: Bitcoin adoption is failing
Why has Bitcoin adoption failed in El Salvador? Almost a year after BTC was made official as a legal currency, the country seems to have not improved its economic-financial situation. El Salvador is a...
Dow Futures Steady as Fed Signals Need to Keep Raising Interest Rates
Text size Federal Reserve officials agreed they need to keep raising interest rates to cool inflation. (Photo by TIMOTHY A. CLARY/AFP via Getty Images) AFP via Getty Images Stock futures fluctuated Th...
El Salvador: recovery of tourism thanks to Bitcoin
The World Tourism Organization says El Salvador is one of 15 countries that have managed to bring tourism revenues back to pre-pandemic levels. Nayib Bukele, the country’s president, said this figure ...
El Salvador continues to buy Bitcoin and tourism increases
El Salvador continues its policy of buying Bitcoin to remedy its exorbitant public debt. Bitcoin tourism in El Salvador The adoption of Bitcoin in El Salvador has contributed to the growth of tourism ...
Bitfinex donates 36 Bitcoin (BTC) and 600,000 USDt in El Salvador
Bitfinex announced that it will donate 36 Bitcoin (BTC) and 600,000 Tether (USDt) to small businesses in towns in El Salvador where street gangs are reportedly extorting money. Bitfinex and support i...
El Salvador purchases 80 more Bitcoin
El Salvador, which first decided last September to make Bitcoin legal tender, has in recent days purchased an additional 80 Bitcoin at an average price of $19,000. El Salvador purchases 80 additional ...
President of El Salvador comforts the Bitcoin community
Nayib Bukele, famous Bitcoin supporter and President of El Salvador, wants to reassure investors during this prolonged bearish phase. The fall in the price of Bitcoin does not worry the President of ...
El Salvador: Bitcoin bond launch excluded, for now
No go for the Bitcoin bond announced by El Salvador: its landing on the market postponed again. Bitcoin bond launch in El Salvador postponed again The plan to launch a $1 billion Bitcoin bond was ann...
El Salvador: MoneyGram will have competitive rates
A new competitor on Stablecoin remittances appears to be coming to El Salvador. It is MoneyGram, which has partnered with Stellar’s blockchain to use USD Coin (USDC) to transfer money to emerging coun...
El Salvador: Bukele discusses Bitcoin with 44 countries
President Nayib Bukele announced that 32 central banks and 12 financial authorities from 44 countries will meet in El Salvador to talk about Bitcoin. El Salvador and Nayib Bukele’s meeting with 44 cou...
Bitcoin below $30,000: risk of default for El Salvador?
El Salvador is coming to terms with Bitcoin’s price drop below $30,000. The country, which first legalized BTC as the country’s currency, could therefore risk default with this collapse. Bitcoin’s co...
El Salvador and the “buy the dip” for 500 Bitcoin under $30K
The President of El Salvador, Nayib Bukele, announced that the country bought 500 Bitcoin at a price of $30,744 each, executing the famous “buy the dip”. It is unfortunate that the attitude of the cit...
Bitcoin is not taking off in El Salvador
After the initial boom due to the novelty, and the $30 in BTC distributed for free by the government, it seems that Bitcoin usage in El Salvador is not really taking off. Bitcoin usage in El Salvador...
El Salvador and the Volcano Bonds
El Salvador had already planned to launch Volcano Bonds in March, but had to postpone it. Myth meets reality, El Salvador is getting closer to Volcano Bonds El Salvador is now ready to issue Bitcoin ...
city turned BTC testing ground
Bitcoin Beach in El Salvador is the city of El Zonte, located on the coast, an hour from the capital, which since 2019 has started using the queen of crypto, becoming a testing ground for BTC. Bitcoi...