You Searched For "El Salvador" and got 20 results
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2 mins read
El Salvador buys another 150 bitcoins to bring its total holdings of the cryptocurrency to $31 million
El Salvador bought during the latest dip, as bitcoin slipped below $45,000 amid a broader crypto se…
Isabelle Lee
2 mins read
Vitalik Buterin says 'shame on bitcoin maximalists' who support El Salvador's president in forcing businesses to accept the cryptocurrency
Forcing businesses to accept a particular cryptocurrency goes against the the ideals of freedom imp…
Shalini Nagarajan
1 min read
El Salvador's bitcoin bullishness has spurred a tourism boom since the country adopted it as legal tender, top minister says
A top El Salvador minister said that tourism has jumped more than 30% since the nation's adoption o…
Phil Rosen
2 mins read
El Salvador recruits Mike Novogratz-backed crypto unicorn BitGo to code its official bitcoin wallet
The crypto unicorn, backed by billionaire Mike Novogratz, provided the Chivo wallet's programming i…
Shalini Nagarajan
1 min read
El Salvador's bitcoin adoption and its crypto-loving President Nayib Bukele contribute to country's credit downgrade at Fitch
Fitch Ratings cut El Salvador's credit rating to CCC from B-, following a warning and downgrade fro…
Natasha Dailey
2 mins read
El Salvador's President says the country has prepared to adopt bitcoin as legal currency in September by installing 200 ATMs and prepping bank branches to handle crypto
President Nayib Bukele announced that El Salvador is installing bitcoin 200 ATMs and preparing over…
Isabelle Lee
1 min read
El Salvador is partnering with a solana-based lending company to offer crypto loans to businesses, report says
The loans, Acumen project manager Andrea Gómez told CoinDesk, will have an annual interest rate of …
Phil Rosen
2 mins read
A third of El Salvador's population is actively using its bitcoin wallet Chivo, President Nayib Bukele says
President Nayib Bukele said there were more active users of the Chivo bitcoin wallet than of any si…
Harry Robertson
2 mins read
El Salvador adds another 150 Bitcoin to its coffers — totalling over $32 million in Bitcoin
This means El Salvador now holds over $32.5 million worth of BTC. Bukele had sent out a similar …
1 min read
El Salvador's bitcoin buying spree boosts its risk of default, rating agency Moody's warns
The country's bitcoin holdings may have lost $10 million in value during the recent cryptocurrency …
Natasha Dailey
2 mins read
El Salvador's shaky bitcoin roll-out is an 'ill-conceived' experiment, but won't hurt the crypto market in the long term, JPMorgan says
JPMorgan said El Salvador's shaky bitcoin roll-out says more about the country's rushed mandate and…
Emily Graffeo
2 mins read
Bitcoin drops another 5% a day after the crypto market shed $360 billion during El Salvador's BTC rollout
Analysts said cryptocurrency investors had "bought the rumor, sold the fact" as El Salvador made bi…
Harry Robertson
4 mins read
El Salvador’s Bitcoin experiment kicks off in less than a week — but the protests against the cryptocurrency are on the rise
El Salvador is nearing the day of its financial revolution but not everyone is onboard the Bitcoin …
1 min read
El Salvador still has plans for a bitcoin bond even as the country sees a 50% loss on its crypto investment
El Salvador has snapped up 2,381 bitcoins since making it legal tender last year, but it has taken …
Phil Rosen
4 mins read
El Salvador is pushing for the use of Bitcoin with ATMs, digital wallets and free money — but participation is not ‘mandatory’
El Salvador’s President, Nayid Bukele, is leaving no stone unturned in trying to get the country’s …
2 mins read
A funeral home in El Salvador is selling hot pink Barbie-themed coffins because the owner wants to 'jump on' the movie's success
Isaac Villegas, owner of Alpha and Omega Funeral Home in Ahuachapán, El Salvador, told the Associat…
Maria Noyen
2 mins read
Bitcoin could boost El Salvador's economy by making overseas payments cheaper and boosting US business, Bank of America says
The market has been "excessively pessimistic" about El Salvador's move to adopt bitcoin as legal te…
Harry Robertson
3 mins read
El Salvador’s crypto-friendly plans are facing some important questions
JPMorgan said that the daily payment activity in El Salvador will be approximately 4% of t…
2 mins read
El Salvador's adoption of bitcoin as legal tender poses challenges for the network, JPMorgan says
A large portion of bitcoin is held up in illiquid entities, with more than 90% not being used in tr…
Shalini Nagarajan
2 mins read
El Salvador aims to avoid default with $1.6 billion bond buyback as the nation caps off its first year with bitcoin as official currency
Since the Central America nation adopted bitcoin as legal tender last September, its bonds have tra…