You Searched For "bukele" and got 19 results
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1 min read
El Salvador's lost $56 million on its bitcoin bet after massive rout – but its crypto-bull president hints he may buy the dip
Since September, El Salvador has bought 2,301 bitcoins for an average of $45,908 per token and at a…
Phil Rosen
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
1 min read
Trump reshares post on Truth Social that appears to suggest or predict a civil war in America
Trump's post drew swift rebukes from critics like GOP Rep. Adam Kinzinger, who tweeted: "Any of my …
Cheryl Teh
2 mins read
Bitcoin crash erases $36 million in value from El Salvador government's massive crypto investment as national debt grows
El Salvador became the first country to make bitcoin legal tender in September despite multiple war…
Hannah Towey
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 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
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 bitcoin-loving president hits out at the 'boomer' senators who want the US to examine its crypto adoption
"We are not your colony, your back yard or your front yard," Bukele said, as the bill called on the…
Adam Morgan McCarthy
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 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
2 mins read
El Salvador's bitcoin-loving president Nayib Bukele says scarcity means 'gigantic' price increase for the crypto is just a matter of time
The surge would stem from demand from the world's 50 million millionaires seeking to own at least o…
Carla Mozée
1 min read
A newly minted cryptocurrency called Grimacecoin surged 285,000% after a McDonald's joke in response to Elon Musk's tweet
Multiple versions of grimacecoin have started up following McDonald's tweet to Tesla boss Elon Musk.
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
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
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
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…