A group of US senators introduced legislation Tuesday centered around El Salvador’s adoption of bitcoin as legal tender. TheAccountability for Cryptocurrency in El Salvador (ACES) Act was introd...
Tag: Salvadors
Bitcoin Bull Max Keiser Has High Hopes for El Salvador’s BTC Volcano Bonds
El Salvadorean President Nayib Bukele’s ambitious Bitcoin Law has met staunch opposition. However, Bitcoin bull Max Keiser believes the grand experiment could help El Salvador become the equivalent of...
How El Salvador’s introduction to new bills, a master move for Bitcoin
El Salvador is the first country to legalize the regulation of bitcoin in the domestic boundaries of the nation. The country will now issue 20 bills to provide a legal frame for its investors. The reg...
Fitch downgrades El Salvador’s long-term IDR to ‘CCC’ from ‘B-‘
El Salvador, the first country to legalize Bitcoin as a currency has maintained undeterred relations with Bitcoin. Over the years, the country has faced a countless number of critics for holding and a...
Fitch Claims El Salvador’s Bitcoin Adoption Strongly Hinders IMFs Upcoming Finance Plans
Fitch Ratings, one of the big three credit ratings agencies, has downgraded El Salvador’s long-term issuer default rating (IDR). Fitch now rates El Salvador’s debt repayment capacity at CCC, a step lo...
Does the IMF have a hidden script for El Salvador’s Bitcoin play?
On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the C...
AlphaPoint to power El Salvador’s Chivo, first national Bitcoin wallet
AlphaPoint, white label infrastructure providing software infrastructure technology, is supporting Chivo and integrating its entire financial ecosystem, Invezz learned from a press release. Chivo is t...
El Salvador’s pro-Bitcoin FM fires back at IMF’s ‘insult’
The International Monetary Fund warned El Salvador to drop Bitcoin as legal tender. Not just once, or twice, but at least 4-5 times in the past. In fact, even the Executive directors urged El Salvador...
El Salvador’s Nayib Bukele Foresees “Gigantic Price Increase” in Bitcoin
The self-proclaimed Chief Executive Officer (CEO) of El Salvador, President Nayib Bukele has showcased his level of trust in the price of Bitcoin (BTC) soaring to new levels through a new tweet shared...
El Salvador’s President Optimistic About Bitcoin, Predicts “Gigantic Price Increase”
El Salvador’s president Nayib Bukele has been ever hopeful and positive about Bitcoin and its value as a digital asset. Despite Bitcoin’s squally price movements in the past few weeks, Nayib Bukele be...
El Salvador’s President Responds to IMF After the Institution Advises Country To Drop Bitcoin As Legal Tender
President Nayib Bukele is responding to the International Monetary Fund’s (IMF) warning that El Salvador should remove the legal tender status of Bitcoin (BTC) with a meme. Back in September of last y...
El Salvador’s Chivo wallet keeps breaking, and users are seeking answers
While many spent the holiday season with friends and family, at least dozens of people in El Salvador were also dedicating a good chunk of time to chasing down customer support for their government-pr...
El Salvador’s Battle With the IMF Is Bigger Than Bitcoin
When Nayib Bukele announced that El Salvador would be making bitcoin legal tender, the international monetary establishment acted with some amount of skepticism. When he announced the nation would be ...
El Salvador’s Alliance With Bitcoin (BTC) Is Making IMF Nervous
A former member of the U.S. intelligence community has suggested that El Salvador’s decision to use Bitcoin as legal tender is causing jitters inside the International Monetary Fund (IMF). Edward Snow...
Turkey’s President Expected To Swallow Bitcoin’s Red Pill After Meeting With El Salvador’s Bukele ⋆ ZyCrypto
Advertisement     El Salvador’s leader recently met with the Turkish President. Amid talks of cooperation and investment, it is likely that the issue of Bitcoin might...
From The Ground: Jimmy Song On El Salvador’s New Found Pride & Bright Future
Programmer, author, podcaster, and all-around legend Jimmy Song made the pilgrimage to El Salvador. He wrote about his first impressions on his Bitcoin Tech Talk newsletter and his perspective deserve...
El Salvador’s Bitcoin Experiment is an experiment of failure
On El Salvador’s bitcoin experiment, the reactions are mixed: some hail it as the greatest progressive step in history toward allowing financial access, while others call it a foolish risk and a credi...
Turkey’s Erdogan set to meet El Salvador’s Bukele – crypto on the agenda?
At the same time that Turkey is looking to regulate cryptocurrencies, El Salvador is planning to launch its $1 billion bitcoin-backed bond. A meeting will take place today between Erdogan and Bukele. ...
Bukele Doesn’t Care About El Salvador’s Downgraded Sovereign Debt
Moody’s Investors Service recently claimed that El Salvador’s Bitcoin trading activity is boosting the nation’s risk of default. Like most other groups to speak out against the experiment, President N...
El Salvador’s Bitcoin wallet onboards 4M users with Netki partnership
El Salvador, the first country to make Bitcoin (BTC) a legal tender has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, accord...
El Salvador’s may risk its ‘Credit Score’ because of Bitcoin
Latin American Country El Salvador was the first country to adopt Bitcoin as legal tender President Nayib Bukele was a keen supporter of crypto from always, and hence it is reflected in the country’s ...
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 ...
Bitcoin Trades Raise El Salvador’s Risk Profile, Says Moody’s
Trading Bitcoin is only worsening El Salvador’s already weak sovereign credit outlook, according to Moody’s Investor Services. Trading Bitcoin “is quite risky, particularly for a government that has b...
El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts
The crypto market has been limping based on massive liquidations, affecting retail and institutional investors. El Salvador has also been on the receiving end with a loss of more than $11 million, giv...
El Salvador’s BTC Sees An Erosion Of Values Worth $12 Million In Public Funds
El Salvador was the first nation that had decreed that Bitcoin was a legal currency. However, the move has not been very successful in the country, and things are turning to worse in 2022 with the val...