El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its “bitcoin bet.” Investors h...
Tag: El Salvador
El Salvador one step closer to bitcoin bonds after law passage
El Salvador’s Legislative Assembly approved a law on the issuance of digital assets, paving the way for bitcoin bonds that have been championed by President Nayib Bukele. The new law estab...
How much bitcoin does El Salvador have? Good luck getting an answer.
El Salvador is apparently buying a bitcoin a day. But we may never know if that’s true. In fact, since making the cryptocurrency legal tender last year, the country has failed to officially decl...
El Salvador lawmakers to consider regulation for issuing digital assets
A committee within El Salvador’s Legislative Assembly is considering a long-awaited law aimed at regulating digital asset service providers and issuers in the country. The so-called ̶...
Dollar-cost Averaging Bitcoin Would’ve Saved El Salvador $18M
Bitcoin bull Nayib Bukele, El Salvador’s millennial president, finally appears ready to employ a time-tested investment strategy: dollar-cost averaging. Bukele, who led the charge for El Salvador to b...
Binance CEO says El Salvador told him it doesn’t have funds stuck on FTX
Binance CEO Changpeng Zhao said he spoke with El Salvador’s president Nayib Bukele, who denied that the Central American country had any funds on FTX’s exchange. “Man, the amo...
DeFi-focused trading app Structure launches in El Salvador, plans further expansion
A new trading app from Structure.fi is landing in El Salvador as it hopes to expand access to crypto and traditional investing to people worldwide. Structure.Fi aims to remove barriers to investing, S...
Bitcoin City of El Salvador $1 Billion Bond Sale to Start by 20 March
El Salvador $1 billion Bitcoin bond may be issued between 14 – 20 March. The 10-year bond will offer +6.5% per annum for 10 years (approximately +$1.65 billion). $500 million will be used to buy...
Bitcoin And Crypto Are Braced For A Huge Week As The Price Of Ethereum, BNB, XRP, Solana, Cardano, Terra’s Luna And Avalanche Swing
The following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here Musk magic fades ✨ Elon Musk, the Tesla billionaire who last year could create and destroy billions o...
El Salvador’s Crypto-Loving President’s New Gamble: Citizenship For Foreign Investors
Topline El Salvador’s President Nayib Bukele said in a Sunday tweet he plans to introduce a series of reforms including offering citizenships to foreign investors, another step for the populist leader...
El Salvador President Reveals ‘Gigantic’ Bitcoin Bet As Ethereum, BNB, Solana, Cardano And XRP Rally
Bitcoin and cryptocurrency prices have begun to bounce back following a major sell-off through January (possibly helped by some huge price predictions). The bitcoin price is up almost 10% since this t...
Biden’s Bitcoin Regulations And The Threat Of Higher Taxes For Crypto
What will President Biden say about Bitcoin and digital assets? It’s hard to find his comments on … [+] it. But next month, the market will know exactly what he thinks about it. KMR Images...
IMF Believes In Bitcoin Wallet For El Salvador But Not Legal Tender Status
In a press release today, the International Monetary Fund (IMF) Executive Board (Board) concluded a 2021 ‘Article IV Consultation’ with El Salvador, where recommendations on the country’s economic pol...
Drop bitcoin as legal tender, IMF urges El Salvador
A woman vends by a sign that reads, “Bitcoin accepted here”, outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021. Jose ...
El Salvador Buys $15 Million Worth Of Bitcoin ‘Really Cheap,’ President Crows, As Selloff Continues
Topline El Salvador, the first country to adopt bitcoin as legal tender, purchased 410 bitcoin for $15 million Friday with the currency trading at its lowest point in six months, President Nayib Bukel...
‘Astonishing’—An Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low
Bitcoin soared through much of 2021, helped on by the likes of Tesla TSLA and El Salvador embracing the cryptocurrency (though Tesla CEO Elon Musk is increasingly backing the meme-based dogecoin). Sub...
‘Huge Surprise’—El Salvador’s President Issued Six Big Bitcoin Predictions As The Price Of Ethereum, BNB, Solana, Cardano And XRP Limp Into 2022
Bitcoin and cryptocurrency had their biggest year ever in 2021 with El Salvador becoming the world’s first country to adopt bitcoin as legal tender (though not everyone is convinced). Subscribe ...