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el salvador News and Articles

Bitcoin El Salvador

El Salvador Bought the Dip Adding 500 Bitcoins


The president of El Salvador, Nayib Bukele announced that the country added $15.5 M worth of Bitcoins to its balance sheet at an average price of $30,744. El Salvador just bought the dip! 🇸🇻500 coins at an average USD price of ~$30,744 🥳#Bitcoin— Nayib Bukele (@nayibbukele) May 9,...

El Salvador USA BTC

US Congress to Consider Bill That Studies El Salvador’s BTC Policy


The US Senate considers adopting a bill that as it describes would mitigate risks to the US financial system that it finds may come from El Salvador's adoption of BTC as legal tender. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the act on February 16. The bill would require...

El Salvador Bitcoin bonds

El Salvador Postpones the Launch of BTC Bonds


The Salvadoran government made a decision to put off the launch of Bitcoin bonds as the current market conditions are unfavorable. Finance Minister Alejandro Zelaya talked about it during an interview with the TV show "Frente a Frente" President Nayib Bukele first revealed the plans to...

Nayib Bukele Bitcoin El Salvador

Bukele Answered US Senators’ Remarks on El Salvador’s BTC Policy


The president of El Salvador, Nayib Bukele, responded to the US Senators, who published a paper analyzing the country’s Bitcoin adoption. He said that the US congresspeople don't have any right over an independent country. Via a tweet, Bukele said that they should stay away from the country's...

Max Keiser Bitcoin

Max Keiser Supports El Salvador's Initiative of BTC Bonds


Former US stockbroker, broadcaster, filmmaker, crypto investor, and the host of the program Keiser Report, Max Keiser supports El Salvador's Bitcoin policy. In an interview with Diario El Salvador, he said that El Salvador's making Bitcoin a legal tender offers a hopeful outlook for all economic...

Fitch ratings bitcoin El Salvador

Fitch Ratings Downgraded El Salvador's Position


New York-based credit rating agency Fitch lowered the long-term Foreign Currency Issuer Default Rating (IDR) of El Salvador from B- to CCC. According to Fitch, El Salvador's rating was lowered as a result of several factors, including the weakening of institutions, concentration of power in the...

Nayib Bukele

Salvadoran leader spoke about the future of bitcoin


El Salvador's President Nayib Bukele represents the bitcoin bull camp. He is confident that in the long term, the value of the cryptocurrency will increase, as this asset has a limited supply. It was his team that was able to achieve the legalization of cryptocurrency in the Latin American state....

El Salvador

IMF urged the authorities of El Salvador to repeal the BTC law


Many international organizations and agencies are calling on the leadership of El Salvador to repeal the law recognizing bitcoin as legal tender. Recall that this document began to operate in the Latin American state since September last year. Since that time, El Salvador has been periodically...

El Salvador Bitcoin purchase January

El Salvador Adds 410 Bitcoins to Its Holdings


The president of El Salvador, Nayib Bukele revealed that the country obtained 410 bitcoins for $15 M. The BTC price was around $36.580 at the time of the purchase. It's the lowest price since July 26, 2021. Earlier, Bukele tweeted that he would probably miss the dip this time. However, he changed...

El Salvador Bitcoin loans

El Salvador to Provide Crypto-Based Loans


El Salvador continues to increase Bitcoin’s role in the country’s economics. Currently, the government considers offering small and medium businesses $10 M in crypto-backed loans. The program will start in the first quarter of this year. Director at Technological Economic International Affairs...

El Salvador

Moody's criticizes El Salvador for bitcoin legalization


The rating agency Moody's considers that the authorities of El Salvador made a big mistake by legalizing BTC. Analyst Jaime Reush expects the investment attractiveness of this Latin American state to decline. Crypto is a volatile instrument. El Salvador recognized BTC and began to invest its...

El Salvador Nayib Bukele Bitcoin

Nayib Bukele Responds to El Salvador’s Btc Policy Critiques


The president of El Salvador is at the center of discussions for his Bitcoin policy. In September El Salvador made Bitcoin legal tender, becoming the first country to do so. Along with this, the government has been adding its BTC holdings. President Bukele's move wasn't perceived well by everyone....

Bitcoin El Salvador Nayib Bukele

El Salvador Adds 21 More Bitcoins To Its Holdings


The president of El Salvador, Nayib Bukele made another Bitcoin acquisition on Dec. 21. Before the transactions, he tweeted that El Salvador’s total size is 21,000 km2. Bukele mentioned he doesn't think it's a coincidence. He added the Bitcoin hashtag and El Salvador's flag to the post. Bitcoin's...

Bitcoin dip el salvador

Dip in Crypto; BTC Below $50.000, El Salvador Adds Coins


The crypto has seen a dip today. Bitcoin price fell below $50.000 for the first time since October 6. In the last 24 hours, Bitcoin dropped by over 17.5%. Currently, it trades at around $46.900, with a market cap of $897 billion. Other major cryptocurrencies, Ether, ADA, Binance Coin also declined...

El Salvador purchases more Bitcoins

El Salvador Adds 100 More Bitcoins Amid the Market Fall


While prices of cryptocurrencies saw a decline yesterday, investors are considering buying more crypto with discount. On Nov. 16, the president of El Salvador, Nayib Bukele informed followers that the country purchased 100 extra Bitcoins. The previous purchase was on October 28, when El Salvador...

Bank of England governor

UK CB’s Governor Is Concerned About El Salvador’s BTC Policy


Andrew Bailey, the governor of the Bank of England expressed concerns related to El Salvador's Bitcoin legalization. According to a report by Bloomberg, during the Cambridge University student union on November 25, the governor said he is worried that El Salvador would choose Bitcoin as its...

El Salvador

El Salvador to place $1B BTC bonds on Liquid Network


The El Salvadorian government has struck a deal with Blockstream and iFinex (the parent company of Bitfinex and Tether) to place a $ 1 billion bitcoin bond on the Liquid Network. Half of the proceeds from the sale of bonds will be directed to the development of the infrastructure for mining the...

El Salvador Bitcoin purchase

El Salvador Acquired 420 More Bitcoins


El Salvador’s president Nayib Bukele, informed that the country has added 420 Bitcoins worth about $25 M. The price per coin was about $59.500. Bukele informed that the country has already benefited from the BTC it brought as, after the purchase, the BTC price grew. It was a long wait, but worth...

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