You Searched For "El Salvador" and got 20 results
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2 mins read
El Salvador's millennial crypto-loving president says the country's bitcoin holdings are up more than 40%
Nayib Bukele said if El Salvador sold all of the bitcoin in its coffers today, it would bank roughl…
Phil Rosen
1 min read
'We have no intention of selling': El Salvador's millennial president touts the country's bitcoin investment as the token soars
Nayib Bukele said if El Salvador sold all its bitcoin at current prices, it would recover 100% of i…
Phil Rosen
1 min read
El Salvador passes law for bitcoin-backed 'volcano bonds' and eyes expanding to other cryptocurrencies
The bond issuance was originally planned for early 2022, and El Salvador seeks to raise $1 billion …
Brian Evans
2 mins read
The IMF is urging El Salvador not to use bitcoin as legal tender citing the 'large risks' associated with the cryptocurrency
Using bitcoin as legal tender "entails large risks for financial and market integrity, financial st…
Isabelle Lee
An inside look at El Salvador's new 'megaprison'
An inside look at El Salvador's new "megaprison."
3 mins read
Bitso's $2 billion rise shows the power of crypto innovation in Latin America
Bitso "paved the way for much of the crypto ecosystem in Latin America," one expert said, and helpe…
Katie Canales
3 mins read
Crypto airdrops: Here is everything that you need to know
Crypto airdrop is a marketing technique, mostly used to promote a particular crypto product or proj…
2 mins read
El Salvador is moving toward raising $1 billion in bonds backed by bitcoin by broadening its bet on crypto
El Salvador's President Nayib Bukele had previously outlined plans to use funds raised from Volcano…
Carla Mozée
2 mins read
Bitcoin trading losses may have cost El Salvador $10 million amid crypto slump, report says
Led by President Nayib Bukele, El Salvador has bought at least 1,391 bitcoins using public funds, a…
Isabelle Lee
1 min read
El Salvador is about to issue its billion-dollar bitcoin bond though the timing is tricky — 'I didn't expect the war in Ukraine'
El Salvador's finance minister said the country still plans to issue its bitcoin bond this week but…
Natasha Dailey
1 min read
El Salvador bought $15 million worth of 'really cheap' bitcoin as the cryptocurrency sank, according to the country's president.
El Salvador bought 410 bitcoins "really cheap" for $15 million during crypto selloff, according to …
Hamza Fareed Malik
1 min read
As bitcoin craters 65% from its high, El Salvador's finance minister said the fiscal risk is 'extremely minimal'
The country, led by bitcoin-bull President Nayib Bukele, holds 2,301 bitcoins and made the crypto l…
Phil Rosen
2 mins read
El Salvador's Nayib Bukele is a president for the meme-stock generation: He's obsessed with stonks, silly numbers, bitcoin, and the 'dip'
At 40 years old, Bukele is also a Millennial — the cohort thought to be behind the meme-stock…
Natasha Dailey
1 min read
El Salvador already has $500 million in verbal commitments for its billion-dollar 'meme' bitcoin bond and $5 billion in more bonds could follow
People are more interested in the novelty of the bitcoin bond than its fundamentals, one El Salvado…
Natasha Dailey
2 mins read
El Salvador's Chivo bitcoin wallet gets a new software developer after complaints about ID theft and disappearing funds
El Salvador will use crypto software developer AlphaPoint to deal with problems that its bitcoin wa…
Hamza Fareed Malik
1 min read
El Salvador buys the bitcoin dip and snaps up 500 tokens in its largest purchase ever
According to President Nayib Bukele, the purchase was made at an average price of $30,744 per bitco…
Phil Rosen
1 min read
El Salvador's bitcoin bond reportedly hasn't lured a single investor, and markets are bracing for a default on conventional debt
El Salvador's conventional bonds due in 2032 yield 24%, according to data from Bloomberg
Phil Rosen
1 min read
El Salvador's bitcoin experiment hasn't gained traction as locals continue to trust cash more than crypto, survey says
Despite President Nayib Bukele's bitcoin enthusiasm, the cryptocurrency hasn't gained great tractio…
Phil Rosen
1 min read
El Salvador's President Bukele says the first steps in the country's bitcoin volcano project are underway
Video shared by Bukele shows bitcoin mining rigs being installed near a volcano, after he promised …
Camomile Shumba
2 mins read
El Salvador President Nayib Bukele's latest bitcoin purchase channels meme energy with magic number
In a series of tweets — all pointing to the number 21 — President Nayib Bukele documented the count…