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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 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
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
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…
Isabelle Lee
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
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
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 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
1 min read
El Salvador's president said on Twitter that the nation bought the dip in bitcoin as the cryptocurrency plunged
As El Salvador took the bitcoin plunge on Tuesday, the price of the volatile cryptocurrency plummet…
Ethan Wu
2 mins read
75% of Salvadorans have reservations about their country's decision to adopt bitcoin as official currency as confusion reigns
Nearly a quarter of El Salvador's 2020 GDP came in the form of remittances, meaning the details of …