The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans.
Argentine Vice President and Senate President Victoria Villarruel held a private meeting about Bitcoin with El Salvador’s President, Nayib Bukele, during the second days of his first official visit to Argentina. On the first day, Bukele met with Argentine President Javier Milei at Casa Rosada in Buenos Aires as well as President of the Chamber […]
Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts.
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.
Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. Not only that, the county also began buying BTC to add to its reserves, growing that stash over the years. Now that the country […]
The Salvadoran president seemed to embrace the ”authoritarian” label while admitting that the country had not seen as many benefits from Bitcoin as he anticipated.
El Salvador now holds $400 million in its "public wallet alone," President Nayib Bukele said in an interview with TIME.
El Salvador’s government aims to upskill 80,000 employees through a comprehensive Bitcoin certification program, emphasizing strategic management and public policy.
El Salvador has reportedly suggested using digital assets like Bitcoin for trade with Russia to circumvent the extensive economic sanctions imposed on Moscow. Alexander Ilyukhin, Russia’s first secretary at the Nicaraguan embassy and head of its El Salvador office, revealed this in an interview with Russian state media outlet Izvestia. Bitcoin transactions The proposed use of […]
The post El Salvador proposes crypto trade with Russia amid sanctions pushback appeared first on CryptoSlate.
Bitcoin and most crypto assets have been printing higher highs since the failed assassination attempt on Donald Trump. Looking to take over from Joseph Biden, Trump is pro-crypto and even graced the Bitcoin Conference in Nashville, where he delivered a speech. BTC Inching Higher On Donald Trump’s Endorsement With rising odds that Trump will clinch […]
U.S. Senator Bob Menendez (Dem) from New Jersey, a staunch crypto critic, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political clout by a jury on Tuesday.
El Salvador drafts a reform proposal to create a private investment bank to provide financial services to Bitcoin investors.
The post El Salvador plans to advance Bitcoin integration into its banking system appeared first on Crypto Briefing.
As Bitcoin continues to gain widespread adoption, billionaire and Ark Invest CEO Cathie Wood in an intriguing projection has predicted that El Salvador’s Gross Domestic Profit (GDP) could increase tenfold in the next five years, which has since captured the attention of the global financial community. Wood ascribes this outstanding potential growth to the nation’s […]
Argentina’s tango with Bitcoin has hit a sour note. Recent talks with El Salvador, the world’s first Bitcoin nation, ignited speculation of Argentina following suit. However, experts are urging caution, differentiating between friendly discussions and full-fledged “Bitcoinization.” Related Reading: Binance Loses Grip On Russia: Web Traffic Plunges 30% After Exit Milei’s Mandate Fuels Crypto Curiosity […]
On Thursday, May 23, Argentina’s National Securities Commission (CNV) engaged in discussions with El Salvador’s National Commission of Digital Assets (CNAD). This meeting highlights a growing interconnection between the two nations, focusing particularly on Bitcoin (BTC) adoption and regulation strategies. Is Argentina Following El Salvador’s Bitcoin Path? Roberto E. Silva, the President of CNV, along […]
Argentina wants to learn from El Salvador’s experience of Bitcoin adoption and other cryptocurrency activities.
El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury’s BTC […]
After leaking the entire database of Chivo users in early April, the hacker group CiberInteligenciaSV started releasing the wallet’s code.
Bitfinex Securities earlier today unveiled plans to launch a tokenized debt issue to fund the construction of a “Hampton by Hilton hotel complex at El Salvador International Airport.” The issuance seeks to raise a substantial $6.25 million to facilitate the development of this 4,484-square-meter project. Bitfinex Ventures Into El Salvador’s Tourism Sector Bitfinex Securities El Salvador […]
Bitfinex Securities is issuing a tokenized debt offering to fund the construction of a new Hampton by Hilton hotel at El Salvador International Airport, according to an April 11 statement shared with CryptoSlate. The tokenized debt offering is the first of its kind in the Central American country, seeking to raise $6.25 million. The short-term […]
The post Bitfinex issues tokenized debt for El Salvador’s first hotel funded via blockchain appeared first on CryptoSlate.
The token will be issued on the Liquid Network, a bitcoin sidechain.
Argentina and El Salvador, both facing economic struggles, are taking vastly different approaches to cryptocurrency. While El Salvador became the first country to adopt Bitcoin as legal tender in 2021, Argentina’s new president, Javier Milei, is taking a more measured route, prioritizing regulation and differentiation between the crypto and the broader cryptocurrency landscape. Bitcoin Distinction […]
A non-profit organization focused on Bitcoin (BTC) education, operating out of El Salvador, has recently unveiled an updated version of its Bitcoin Diploma program. The initiative aims to promote wider adoption of the leading cryptocurrency and educate individuals about the benefits of understanding its underlying technology. BTC Education Goes Mainstream Known as “Mi Primer Bitcoin” […]
Bitcoin, the world’s largest cryptocurrency asset, continues to see widespread adoption. The Central American country of El Salvador recently made a massive transfer of BTC to the country’s physical reserve. El Salvador Transfers Thousands Of Bitcoins To Vault Nayib Bukel, the president of El Salvador, took the social media platform X (formerly Twitter) to share […]
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Central American nation moved $400 million in BTC into a cold storage wallet this week.
The country's bonds have also surged to over 80 cents on the dollar.
The 45-page survey doesn’t contain questions about El Salvador’s government's Bitcoin investments.