Ad El Salvador’s adoption of bitcoin as a legal tender has not only fixed the country’s legacy but has also had a significant positive impact on its tourism sector. According to President Nayib Bukele...
Tag: Salvadors
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The global monetary watchdog has advised El Salvador to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets. A Feb. 10 statement from t...
El Salvador’s Bitcoin Plan Is Working…
Join Our Telegram channel to stay up to date on breaking news coverage El Salvador, the first country to recognize Bitcoin as a legal currency globally, has received warnings from the International Mo...
IMF issues warning on El Salvador’s Bitcoin experiment amid calls for greater transparency
Ad El Salvador’s embrace of Bitcoin has yet to realize any initially predicted risks. However, greater transparency and attention are still needed, that is, according to a statement by the Internation...
Risks over El Salvador’s embrace of Bitcoin ‘have not materialized’
The International Monetary Fund (IMF) has continued questioning the viability of El Salvador’s adoption of Bitcoin (BTC) as a legal tender. According to the IMF, the risks associated with El Salvador...
IMF: El Salvador’s Bitcoin Adoption Risks Are Yet To Materialize
IMF believes El Salvador’s bitcoin risks need attention. El Salvador has invested $103M in BTC with over $51 million in losses. Last year, the country sought $500 from legislators million to buy Bitco...
El Salvador’s bitcoin risks ‘have not materialized,’ IMF says
The International Monetary Fund said the risks of El Salvador’s bitcoin adoption “have not materialized” — primarily thanks to its “limited” use — but caution is warrante...
El Salvador’s Bitcoin City Wins an International Design Award (Report)
The LOOP Design Awards reportedly recognized the Bitcoin City of El Salvador’s government as one of the most outstanding projects in interior design and architecture. When completed, the metropolis w...
El Salvador’s $1 Billion Bitcoin Bonds Gets Enough Demand
The Latin American country El Salvador is closer to realizing its dream of creating the Bitcoin City. As per reports, crypto exchange Bitfinex will issue the country’s long-awaited “volcano” tokens th...
El Salvador’s bitcoin city wins global recognition
El Salvador has won a global award for its ambitious and eco-friendly Bitcoin City, which will be constructed at the base of a volcano. The Bitcoin City project of the El Salvador government has repor...
El Salvador’s volcanic Bitcoin City wins international architectural design award
Nearly two and a half years after becoming the first country to adopt Bitcoin (BTC) as legal tender, El Salvador has won an international award for its ambitious and environmentally friendly Bitcoin C...
El Salvador’s Cryptocurrency Exposure Still ‘Minimal’
Join Our Telegram channel to stay up to date on breaking news coverage The Chair of the Central American Bank for Economic Integration (CABEI), Dante Mossi, believes that the exposure of El Salvador t...
El Salvador’s Exposure to Bitcoin Is Still “Minimal”, Asserts Regional Banker ⋆ ZyCrypto
Advertisement     Dante Mossi, the Chairman of the Central American Bank for Economic Integration (CABEI), has claimed that El Salvador’s exposure to cryptocurrencies ...
El Salvador’s Exposure to Cryptocurrency is Minimal; Says Mossi
Dante Mossi declared that El Salvador’s exposure to cryptocurrencies, including Bitcoin, is minimal. CABEI has provided El Salvador with almost all the funds to repay the debts of the country. The ban...
El Salvador’s contentious bitcoin-backed Volcano Bonds
Last week, El Salvador moved one step closer to issuing its contentious bitcoin-backed ‘Volcano Bonds.’ The country’s Legislative Assembly passed a legal framework for issuing blockchain-based digital...
El Salvador’s Alejandra Guajardo Walks Miss Universe Stage in Glowing Bitcoin Suit
The Miss Universe 2023 contest had various show-stopper moments during its National Costume Competition today. But for the cryptocurrency sector, it came when El Salvador’s Alejandra Guajardo sashaye...
El Salvador’s Bitcoin-Backed Bonds Inch Closer After Greenlighting Digital Asset Bill
El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected...
El Salvador’s Crypto Law Allows Bitcoin-Backed Bonds
El Salvador has recently passed historic legislation that will provide the legal basis for a Bitcoin-backed bond to be issued in the country. This bond, also known as the “Volcano Bond,” w...
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attra...
Is Nigeria stepping into El Salvador’s shoes? This update can clear the air
Nigeria may legalize the usage of Bitcoin soon More people from the country were switching to cryptocurrencies as their economy faltered As per an 18 December article by a Nigerian newspaper, the coun...
Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million
Advertisement     After causing great excitement upon its launch last year, El Salvador’s Bitcoin experiment has come under fire, particularly with the Chivo wallet, w...
The Effect Of the Bitcoin Crash On El Salvador’s Economy?
The bitcoin crash has negatively affected the first country to adopt bitcoin, El Salvador, as a legal tender. The President of El Salvador, Nayib Bukele, has been an advocate of bitcoin adoption as a ...
El Salvador’s First National Bitcoin Office Opens
Tomiwabold Olajide Entity established by Decree No. 49 signed by El Salvadoran President Nayib Bukele El Salvador has created its new National Bitcoin Office (ONBTC), which will oversee all initiative...
Vitalik Buterin: Bitcoin Fans ‘Ignored’ El Salvador’s Undemocratic Government
Ethereum creator Vitalik Buterin has again criticized the Bitcoin community’s enthusiasm for El Salvador and its president Nayib Bukele, saying that many Bitcoin advocates have ignored the fact ...
Tron’s Justin Sun And El Salvador’s President To Purchase 1 BTC Daily
El Salvador President Nayik Bukele and Justin Sun announced to buy one BTC daily. Despite the BTC decline, both Bukele and Justin Sun made bets on BTC. Justin Sun founded Tron’s coin TRX at a market ...
El Salvador’s President Announces Country Will Buy One Bitcoin Every Day, Calls FTX the ‘Opposite’ of BTC
El Salvador President Nayib Bukele is still buying Bitcoin (BTC) despite ta crypto winter that’s seen the king crypto plunge by over 75% from all-time highs. On Twitter, Bukele recently made the annou...
Is El Salvador’s President’s Decision to Buy One Bitcoin per Day a Good Idea?
Contents El Salvador’s history with Bitcoin But is this a good decision? Without a doubt, one of the biggest lovers of Bitcoin (BTC) is Nayib Bukele, president of El Salvador. The politician got...
El Salvador’s President Vows to Buy One Bitcoin Everyday
Despite reports that El Salvador’s Bitcoin revolution is failing badly, President Nayib Bukele has continued to maintain his bullish stance on the leading cryptocurrency. In a Thursday tweet, the bitc...
El Salvador’s Nayib Bukele buy 1 BTC daily
Both the President of El Salvador, Nayib Bukele, and Justin Sun, the creator of Tron and the Ambassador of Grenada, are amassing one Bitcoin (BTC) daily. According to a tweet posted by Bukele, “...
‘We’ll prove them all wrong.’ Michael Saylor, Crypto.com CEO Kris Marszalek, and El Salvador’s president defend crypto in the wake of FTX’s crash
It’s been called crypto’s Lehman Brothers moment, but the FTX crash has done little to dent the optimism of the industry’s remaining big players. FTX—among the world’s largest cryptocurrency exchanges...
Binance CEO ‘CZ’ Confirms El Salvador’s Bitcoins Not on FTX
Bitcoin News With a $9 billion shortfall to fill, FTX is fighting for survival. El Salvador last year approved Bitcoin legal money in the Central American nation. According to Binance CEO Changpeng Zh...
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...