You Searched For "el salvador president" and got 20 results
Sort By:
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
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
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 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 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
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'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 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
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…
Natasha Dailey
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
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 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 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
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
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
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
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
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…