El Salvador has accumulated 722 Bitcoins since 2022, achieving gains through consistent daily purchases. Despite Bitcoin鈥檚 legal status, only 7.5% of Salvadorans use it for transactions. El Salvador’s investment in…
Browsing: El Salvador
President Bukele donated 2 BTC to fund 1,000 school constructions in Honduras, expanding El Salvador’s Bitcoin initiative. Despite legal BTC status, only 7.5% of Salvadorans use it for transactions, highlighting…
Only 7.5% of Salvadorans use Bitcoin for transactions, highlighting limited adoption despite its status as legal tender since 2021. President Bukele aims for financial independence by 2025 through a self-financed…
Liberland has just elected Tron鈥檚 Justin Sun as prime minister after the results of its algorithmic election were announced.聽 Reports disclose that this micronation is establishing a state reserve fund…
The IMF urges El Salvador to scale back its Bitcoin policies, warning of financial stability risks. President Bukele aims for fiscal independence by 2025, reducing reliance on foreign debt. Once…
The US leads global Bitcoin holdings with $12.16B, primarily from law enforcement seizures. Bhutan leverages BTC mining for income, holding $782.46M in cryptocurrency reserves. Arkham Intelligence has published its newest…
By adopting Bitcoin, El Salvador hopes to end its reliance on foreign debt by 2025. President Bukele is introducing self-financed budgets, aiming for fiscal independence without international loans. El Salvador…
El Salvador鈥檚 president Nayib Bukele discloses profit and numerous benefits since legalizing Bitcoin as a legal tender in 2021.聽 He said potential profits and financial inclusion fueled their Bitcoin move.…
El Salvador, the first nation to adopt Bitcoin, has launched a Bitcoin certification program for 80,000 civil servants. El Salvador’s bold adoption of Bitcoin has caught the attention of countries…
El Salvador’s $1.6B investment aims to transform Bitcoin City and ports, positioning the country as a Latin American logistics powerhouse. Bitcoin City鈥檚 development sparks excitement as Bitcoin approaches $100K, with…
The IMF is discussing with El Salvador to address the economic risks associated with Bitcoin’s adoption as a legal tender. Despite market volatility, El Salvador continues to buy Bitcoin and…
El Salvador is set to improve its fiscal balance by 3.5% of GDP over three years, streamline public spending, and seek support from the IMF and multilateral development banks. Despite…
El Salvador鈥檚 President Nayib Bukele and ARK Invest鈥檚 Cathie Wood have partnered to explore Bitcoin鈥檚 potential. Cathie Wood pointed out the president鈥檚 vision to turn El Salvador into the Bitcoin…
El Salvador launches a proof-of-reserves website for tracking its Bitcoin holdings, aiming to boost transparency in its cryptocurrency operations. The country’s move follows its groundbreaking decision to adopt Bitcoin as…
Tokenized debt facilitates new investment opportunities in El Salvador’s real estate through Bitcoin. Investors can engage with a minimum of $1,000, enjoying returns and benefits like free accommodation. In a…
El Salvador’s President Nayib Bukele reaffirmed the country’s commitment to its Bitcoin strategy amidst Bitcoin’s surge to $64,000, highlighting the potential for significant profits. Bukele emphasized the principle of “1…
When asked whether El Salvador would eject Bitcoin to receive billions in funding from the International Monetary Fund (IMF), Vice President F茅lix Ulloa insisted that the country would never forsake…
Nayib Bukele’s pro-Bitcoin stance propels his Nuevas Ideas party to a commanding lead in El Salvador’s 2024 presidential elections. Bukele’s early victory claim and the positive impact on Bitcoin prices…
El Salvador remains committed to Bitcoin as legal tender, defying IMF calls for reconsideration and bolstered by the SEC’s approval of Bitcoin ETFs. Plans for bitcoin-backed bonds, a tax-free crypto…
El Salvador’s Legislative Assembly has passed a migration law allowing expedited citizenship for foreigners making Bitcoin donations to government programs. The law emphasizes altruistic support for the country’s development initiatives…