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1 min read
Protests are breaking out against El Salvador's planned bitcoin adoption, with demonstrators decrying the token's volatility and potential for corruption
In the past month, Moody's downgraded El Salvador's sovereign debt, while Fitch Ratings did the sam…
Ethan Wu
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 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
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
2 mins read
El Salvador’s Chivo wallet is returning with a new service provider
However, the government has struggled to keep up with this demand. The country launched th…
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
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
2 mins read
El Salvador is preparing for Bitcoin bonds – government will present 20 bills to lawmakers for regulating cryptocurrency
After making Bitcoin a legal tender in September 2021, President Nayib Bukele has been d…
1 min read
El Salvador will launch 'bitcoin bond' that pays special dividend amid plans for new crypto city
President Bukele announced the nation would build a "Bitcoin City" next to a volcano as well as lau…
Phil Rosen
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 president says the country has mined its first bitcoin using volcano energy
El Salvador's President Nayib Bukele said the first bitcoin had been mined in the Central American …
Camomile Shumba
4 mins read
Remember, remember the 7th of September — Bitcoin, El Salvador, and the crypto drop
September 7 was one for the history books with the Central American country of El Salvador going …
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 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 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
El Salvador will give $30 in bitcoin to citizens who download the government's crypto app before the token becomes legal tender in September
President Nayib Bukele in a national address explained how bitcoin will work for the country's 6.5 …
Isabelle Lee
1 min read
El Salvador still has plans for a bitcoin bond even as the country sees a 50% loss on its crypto investment
El Salvador has snapped up 2,381 bitcoins since making it legal tender last year, but it has taken …