You Searched For "el salvador country" and got 19 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 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'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
1 min read
El Salvador President Nayib Bukele says he will use some of his country's bitcoin profits to build 20 schools
El Salvador will use a "few million" of its bitcoin profits to build 20 schools, President Nayib Bu…
Camomile Shumba
1 min read
El Salvador's President Bukele says the country purchased $25 million worth of bitcoin after waiting to 'buy the dip' below $60,000
El Salvador has added another 420 bitcoins to its official holdings, according to a tweet by Presid…
Camomile Shumba
1 min read
El Salvador's crypto-loving president says the country will spend $4 million worth of its bitcoin on a pet hospital
El Salvador's President Nayib Bukele said on Sunday some of the country's bitcoin gains would fund …
Camomile Shumba
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…
1 min read
El Salvador's president announces full payment of an $800 million bond, averting default
Last year, ratings agency Moody's warned that the country's bitcoin-buying spree boosted its credit…
Phil Rosen
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
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
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'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
Over half of El Salvador's citizens are skeptical of the country's move to adopt bitcoin as legal tender, survey shows
54% of Salvadorans polled in a new survey viewed the country's bitcoin adoption as "not at all corr…
Emily Graffeo
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 opening a 'bitcoin embassy' in Texas in a bid to promote more acceptance of crypto
El Salvador is reaching again beyond its borders to broaden its bitcoin strategy, following a partn…
Carla Mozée
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
3 mins read
The top 5 wildest crypto moments of 2021
To say 2021 was a crazy year for cryptocurrencies is an understatement. Insider takes a look back a…