In June 2021, El Salvador’s government published official gazette legislation making Bitcoin a legal tender within the country. On 7th September 2021, this legislation went into effect, making El Salv...
Tag: Salvadors
Crypto Daily – Daily Crypto And Financial News 12/07/2022, El Salvador’s Bitcoin Bet Going Out Of Control?
In Todays Headline TV CryptoDaily News: Tackling risks Bank of England deputy governor for financial stability, Jon Cunliffe, recommended forming a set of regulations – similar to conventional f...
El Salvador’s President Nayib Bukele Joins Trolls, Mocks Bitcoin Critic Peter Schiff Over Bank Closure
– Advertisement – Bukele teases Schiff over bank closure. President of El Salvador Nayib Bukele has joined the rest of crypto Twitter to tease gold supporter and Bitcoin detractor Peter ...
El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
Salvadorans living abroad hsent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodríguez, president of the El Salvador centra...
El Salvador’s president buys bitcoin again and says thank you for selling cheap
Nayib Bukele, the president of El Salvador, took to Twitter to report that his country had bought a further 80 bitcoins at an average of $19,000 each. When all is carnage in the crypto markets there ...
El Salvador’s Losses Swell Even As President Nayib Bukele Adds Another $1.5 Million Bitcoin ⋆ ZyCrypto
Advertisement     El Salvador, the world’s first nation to have given bitcoin legal tender status, has taken advantage of the recent sharp decline in the asset’s price...
“Stop Looking At The Graph And Enjoy Life”— El Salvador’s President’s Advice
Nayib Bukele is clearly stating that people really overreact to the price fluctuations in the stock market. And these fluctuations, especially in the case of bitcoin, are killing people from the insid...
El Salvador’s President says ‘Bitcoin will pick up, don’t worry and enjoy life’
? Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s President Nayib Bukele assured citizens that the current bear market is not the end for Bitcoin (BTC) and advise...
El Salvador’s President Tells Investors
El Salvador President Nayib Bukele has encouraged Bitcoin investors to worry less about the ongoing downward spiral in the market. Bukele is optimistic that the leading cryptocurrency will regain its ...
El Salvador’s president urges Bitcoiners to be patient
Bitcoin’s price made a sharp downtrend last week, with prices falling below $18000 for the first time since 2020. The president of El Salvador, Nayib Bukele, took to Twitter to share advice with Bitco...
El Salvador’s President Urges Bitcoin Investors to Be Patient
El Salvador president has attempted to inject a little bitcoin hopium into the battered crypto community following another weekend of heavy losses. Nayib Bukele took to Twitter in an attempt to reassu...
“Stop Looking at the Graph and Enjoy Life”: El Salvador’s President on BTC Price Slump
El Salvador’s bitcoin-friendly President Nayib Bukele has shared an advice to all Bitcoiners as the cryptocurrency ecosystem has continued to take a deep dive down. Over the weekend, the price o...
El Salvador’s Chivo Wallet Users Complain of Transfer Issues
Two customers who previously had no problems moving cash to cold storage have alerted Blockworks that they are now unable to do so. According to local sources, citizens and business owners were ...
El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
? Want to work with us? CryptoSlate is hiring for a handful of positions! El Salvador’s Bitcoin reserves diminished by 50% and lost more than $50 million with the recent Bitcoin price fall. Despite th...
El Salvador’s Big Bitcoin Gamble Backfires to Deepen Debt Woes
(Bloomberg) — Most Read from Bloomberg An epic rout that has wiped out about two-thirds of Bitcoin’s value is exacerbating the debt crisis in the world’s most crypto-friendly country. In the yea...
Here’s What Happened with El Salvador’s Bitcoin Experiment
Arman Shirinyan Unfortunately, the adoption of the decentralized currency has failed, along with investment in it Contents Massive $30 million loss Why did experiment fail? El Salvador’s Bitcoin...
El Salvador’s Finance Minister Says Bitcoin Crash Will Not Affect Country’s Fiscal Health
El Salvador’s Finance Minister Alejandro Zelaya has revealed that the recent crash in Bitcoin and crypto prices has minimal risk to the country’s fiscal health. El Salvador Records $40M Paper Loss in ...
Crypto Crash Wipes Off Half Of El Salvador’s Bitcoin Investment
Bitcoin holders around the world are in turmoil seeing their crypto investment freefall. However, El Salvador might be in the worse situation. Nayib Bukele, El Salvador’s president, is a big crypto en...
El Salvador’s Bitcoin Bet Down 50%, Here’s What The FinMin Thinks
El Salvador, the first country to nationally adopt Bitcoin, faces a loss of about $40 million on its investments in the token. But country’s Finance Minister, Alejandro Zelaya, does not think this i...
El Salvador’s Bitcoin Holdings Losses $40M In Value But Finance Minister Believes Recent Collapse Will Not Hurt Economy
– Advertisement – El Salvador’s Finance Minister Believes Recent Bitcoin Collapse Will Not Hurt Their Economy. On Monday, Alejandro Zelaya, El Salvador’s Minister of Finance, dispelled c...
El Salvador’s Fiscal Risk Is Extremely Minimal Despite BTC’s Crash, Says Finance Minister
The first nation to legalize BTC inside its borders sits on a substantial unrealized loss from its bitcoin stack. However, its Finance Minister, Alejandro Zelaya, reassured that the most recent market...
El Salvador’s Finance minister Downplays Bitcoin Price Fall Risk Associated
47 mins ago | 2 mins read Bitcoin News El Salvador’s government has bought 2,301 units of cryptocurrency in total. An $800 million bond issued by El Salvador is due in January 2023. Alejandro Zelaya, ...
El Salvador’s crypto president Nayib Bukele acquired the Largest BTC Dip ever
Bukele acquired 500 Bitcoins at an average price of $30,744 (approximately Rs. 24 lakh) per BTC, making it El Salvador’s biggest BTC fall buy to date. El Salvador’s pro-crypto president, Nayib Bukele,...
Was El Salvador’s Decision To Make Bitcoin Tender Legal Right Or Wrong?
El Salvador’s President Nayib Bukele created news when he announced that his country had passed a bill that makes Bitcoin tender legal on September 7, 2021. Bukele first disclosed his intention to mak...
Bitcoin Values Have Been Disrupted By The Ukraine-Russia Conflict According To El Salvador’s Treasury Minister And Volcano Bonds Are Still On Hold
Military conflict and geopolitical upheaval may have an impact on bitcoin’s performance in the cryptocurrency market. This is the opinion of Alejandro Zelaya, El Salvador’s Minister of the...
Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing f...
President Bukele Faces Off With Popular Bitcoin Critics As El Salvador’s Stash Suffers A Beat-Down ⋆ ZyCrypto
Advertisement     El Salvador’s president Nayib Bukele was involved in a fierce war on Twitter early Saturday after long-time Bitcoin critic Mr. Whale suggested that B...
44 Countries As Invitees To El Salvador’s BTC Meet
2 hours ago | 2 mins read Bitcoin News El Salvador is the first country to adopt BTC as a legal tender. Bitcoin laid out the map of ‘Bitcoin City’ on May 10. President Nayib Bukele announced on Twitte...
Bitcoin plunge leads to concerns with El Salvador’s debt obligation
Bitcoin debt of El Salvador continues to surge with prices plunged by about a third The new cryptographic money crash has radically expanded the chances of El Salvador defaulting on its debt El Salvad...
El Salvador’s Nayib Bukele Reveals Never-Before-Seen Details Of The Planned Bitcoin City ⋆ ZyCrypto
Advertisement     While El Salvador has been battling gang violence for the last few months, recent posts from the country’s leader may indicate that the Central Ameri...
El Salvador’s over $100 million Bitcoin purchase is now worth $66 million
El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling by about $40 million. The decline in value results from Bitcoin falling to its...
El Salvador’s Bitcoin Bet Is Down Bad: $37 Million in the Hole
El Salvador’s Bitcoin bet doesn’t appear to be paying off. The value of the 2,301 Bitcoin purchased by the Latin American country has now fallen by $37 million as the price of Bitcoin drop...