Tag: bitcoin el salvador

Jul 08 2022

The New York Times’ Latest Attack On El Salvador And BTC Won’t Age Well, Pt. 2

It’s time for The New York Times’ worst lies about El Salvador. Also, for the newspaper’s counterpoint, in which they admittedly and commendably reflect favorable points of view. As we said in the previous article, “It’s important to remember that we’re less than a...

Jul 01 2022

Breaking: El Salvador Buys 80 Bitcoin (BTC), Here’s How Prices Reacted

El Salvador President Nayib Bukele said the country purchased 80 Bitcoin on Friday amid a broader decline in the token's prices. The South American country bought 80 Bitcoin at about $19,000 each, valuing the total transaction at $152,000. The buy appeared to have slightly boosted Bitcoin prices, helping them briefly retake $20,000. The buying comes...

Jun 14 2022

El Salvador’s Bitcoin Bet Down 50%, Here’s What The FinMin Thinks

El Salvador, the first country to nationally adopt Bitcoin, faces a loss of about $40 million on its investments in the token. But country's Finance Minister, Alejandro Zelaya, does not think this is something to worry about. In a recent press conference, Zelaya said that $40 million "does not even represent 0.5% of our national...

Jun 13 2022

El Salvador, MicroStrategy and Tesla Lose Of over $1.3 Billion In BTC Holdings

According to an Analytics site, buybitcoinworldwide, business intelligence company MicroStrategy, American electric car company Tesla, and the first country to adopt BTC as legal tender, El Salvador have seen a large...

May 13 2022

Crypto Crash: El Salvador Loses $40 Million Amid High Bitcoin Volatility

El-Salvador, a country in Central America reported that due to the recent fluctuation of the cryptocurrency, Bitcoin, it has bagged numerous losses leading to about $40 million as noted by Bloomberg in a recent report. The losses are estimated to equal the next bond payment of $38.25 million by the country. El Salvador's president, Bukele...

May 10 2022

Tron (TRX) Founder Joins El Salvador In Dip-Buying, Scoops $15 Million In BTC

El Salvador's president and crypto enthusiast, Nayib Bukele, has stated that his government just recently increased its entire BTC holdings by 500 coins in an investment move aimed at capitalising on the current dip. El Salvador's Bukele appears to having fun with the dip Bukele revealed via his official Twitter handle that the country had...

May 09 2022

Breaking: El Salvador Buys 500 More Bitcoin Amid Crypto Crash

In the midst of a tragic cryptocurrency market crash, El Salvador President Nayib Bukele announced the country’s largest purchase so far of Bitcoin. He made the announcement on Monday in a tweet that said, “El Salvador just bought the dip! 500 coins at an average price of $30,744.” El Salvador continues to buy the dip...

Apr 26 2022

Bitcoin Still Struggling To Take Off In El Salvador

El Salvador has become a hotbed for bitcoin adoption in recent months. As a result, it may come as a surprise that Bitcoin has failed to gain traction in the country, according to a recent survey. Despite this, several businesses are optimistic that BTC will gain traction in the long run. El Salvador became the first country in the world to allow people...

Mar 24 2022

El Salvador President Lashes Out At U.S. Senators for Raising Red Flag on the Bitcoin Experiment

El Salvador President Nayib Bukele is confidently moving ahead with integrating Bitcoin into the economy. Known for his blunt response to his critics, Nayib Bukele has lashed out at the...

Feb 10 2022

Fitch Claims El Salvador’s Bitcoin Adoption Strongly Hinders IMFs Upcoming Finance Plans

Feb 10 2022 Published at Coingape under tags  bitcoin bitcoin el salvador bitcoin news btc imf

Fitch Ratings, one of the big three credit ratings agencies, has downgraded El Salvador's long-term issuer default rating (IDR). Fitch now rates El Salvador's debt repayment capacity at CCC, a step lower from B...

Jan 25 2022

Bukele’s El Salvador 23% Down On Bitcoin Investments Less Than A Year Since Adoption

El Salvador's bitcoin experiment has been ongoing for less than a year. Things aren't going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the crypto market enters a bloodbath. El Salvador Bitcoin Experiment Last June, El Salvador's President Nayib Bukele shocked the globe by announcing...

Dec 31 2021

El Salvador President takes a dig at the U.S for sanctions, cites Bitcoin (BTC) benefits

El Salvador, the world's first country to make Bitcoin (BTC) a legal tender is already reaping the...

Dec 04 2021

From The Ground: Stephen DeLorme, A Hard-Core Bitcoiner, Talks To Salvadorans

This From The Ground report is gold. Stephen DeLorme visited El Salvador and got the information we needed. He talked to real people, experimented with different wallets, went to all kinds of commerces. His story is full of the confusion and angst that being the pioneer carries. El Salvador is going where no country has gone before. Its citizens are in for the...

Sep 11 2021

Latin America, Tipping Point: Mexico Doesn’t Understand, Brazilians Want Bitcoin

Do Latin America ‘s unique characteristics put the continent in position to adopt cryptocurrencies before the rest of the world? Or is El Salvador an isolated case? In Latin America, Tipping Point we’ll select the area’s most important headlines and summarize them in a few sentences and quotes. This is the jam-packed news compilation you were looking for. Related...

Latin America, Tipping Point: Axie Infinity Scholarships + Venezuela’s Petro

Do Latin America ‘s unique characteristics put the continent in position to adopt cryptocurrencies before the rest of the world? Or is El Salvador an isolated case? In Latin America, Tipping Point we’ll select the area’s most important headlines and summarize them in a few sentences and quotes. This is the jam-packed news compilation you were looking for. Related...

Sep 07 2021

Bitcoin Adoption In El Salvador Is The “Start Of A New World,” deVere CEO

Bitcoin adoption as a legal tender in El Salvador is all anyone can talk about presently in the crypto space, and rightfully so. Tuesday, September 7th will see the small North American country become the first to use bitcoin as legal tender. The reactions to the move have been both positive and negative. But the president and government of El Salvador have remained...

Aug 27 2021

Brock Pierce ’s Delegation Discusses Cryptocurrencies With Honduras’ President

At least Brock Pierce isn’t claiming to lead an “Official Delegation of Bitcoin Ambassadors” anymore. The self-proclaimed “Visionary” and “Cryptopioneer” got his group of entrepreneurs an audience with Juan Orlando Hernández, the president of Honduras. Reportedly, they talked about the country’s relationship with cryptocurrencies. However, the quotes printed by the local press don’t reflect that reality....

Aug 24 2021

President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

To respond to the opposition’s claims and announce several key aspects of his Bitcoin Law strategy, President Bukele used a tweetstorm. On September 7th, El Salvador’s Bitcoin experiment goes into full effect. The...

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