Tag: el salvador bitcoin

Jul 29 2022

El Salvador Finance Minister Says the Country’s Bitcoin Adoption Strategy Working Fine

It's been nearly a year since the Latin American country El Salvador made Bitcoin a legal tender in the country. On Thursday, July 28, the El Salvador finance minister Alejandro Zelaya said that their Bitcoin bet has been working fine enough for the country. He added that Bitcoin helped them bring financial services to a...

Jul 20 2022

Morgan Stanley Gives A Buy Call on El Salvador Bonds Despite Their Worst Performance

El Salvador's big Bitcoin bet hasn't played in its favor so far. The Latin American country started buying BTC last year when it was trading around its all-time high. However, with BTC crashing more than 70% since November, it has worsened the debt woes for the country. But banking giant Morgan Stanley has a buy...

Jun 19 2022

Keep Patience, Trust Bitcoin: El Salvador President has A Message for Bitcoin Investors

On Saturday, June 18, Bitcoin underwent another major price correction slipping under $20,000 for the first time since December 2020. As of press time, BTC is trading at $18,548 with a market cap of $354 billion. Panic has spread all across the crypto market making investors uncomfortable about the recent downside. El Salvador President Nayib...

May 16 2022

Just-In: El Salvador To Discuss Bitcoin Adoption With 44 Countries

El Salvador President Nayib Bukele said on Sunday that the country will host delegates from 44 countries this week to discuss Bitcoin. Bukele said in a series of tweets that delegates from 44 countries, consisting of 32 central banks and 12 financial authorities will meet in El Salvador to talk financial inclusion, economic digitization and...

Jan 25 2022

IMF Executive Board Recommends El Salvador To Cancel Bitcoin Legal Tender

The International Monetary Fund (IMF) has issued a recommendation to El Salvador on using Bitcoin as a legal tender. According to the global financial institution, the continued use of Bitcoin...

Jan 22 2022

Second Consecutive Crash Day Extends Investor Loses Over $350 Billion, El Salvador Buys the Dip

Jan 22 2022 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

On Frida, January 21, the broader cryptocurrency market extended further losses tanking another 8%. This is the second consecutive day of heavy selling in the crypto space as investors lose more than $350 billion in cumulative wealth....

Jan 20 2022

Will Turkey Follow El Salvador to Legalize Bitcoin (BTC) Tender?

El Salvador's President Nayib Bukele arrived in Turkey Thursday to meet President Recep Tayyip Erdoğan in a bid to foster alliance and investment in the Central American country. Just before arriving Bukele had tweeted, "This Thursday, on a State Visit, I'll hold a meeting with Recep Tayyip Erdoğan, President of Turkey." Speculations and memes started The post Will Turkey Follow El Salvador to...

Jan 19 2022

Moody’s Confirms El Salvador’s Ratings Unchanged After President Bukele’s Reactive Tweet

Jan 19 2022 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

El Salvador President Nayib Bukele took on Twitter on Sunday, January 17, responding to a warning from rating agency Moody's. However, Moody's has...

Jan 14 2022

Jan 03 2022

El Salvador President expects Bitcoin ($BTC) to touch $100k this year

Jan 03 2022 Published at Coingape under tags  bchabcbtc bchabcusdc bchabcusdt bchbnb bchbrl

The pro-Bitcoin Salvadoran President, Nayib Bukele is back at it with his optimistic predictions for the OG cryptocurrency in 2022. President Bukele took to Twitter on the second day of the new year declaring his expectations for Bitcoin this year. He...

Dec 24 2021

El Salvador President asserts Bitcoin (BTC) mass adoption as “game over for FIAT”

Dec 24 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The Salvadoran President, Nayib Bukele took to Twitter yet again to reinstate Bitcoin's dominance, however this time around he also asserted that once Bitcoin mass adoption is complete,...

Nov 02 2021

El Salvador: Bitcoin profits to sponsor 20 schools and a hospital

Nov 02 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The latest development in El Salvador’s Bitcoin Legal Tender saw the President, Nayib Bukele retweet several threads by the Press Secretary of the Presidency’s Twitter account, announcing that any profits from the purchase of Bitcoin will be put towards building 20 schools and a veterinary hospital. Furthermore, he also announced that the hospital will generate The post El Salvador: Bitcoin profits to sponsor...

Oct 28 2021

El Salvador Buys the Bitcoin Dip Adding More 420 BTC to the Treasury

Oct 28 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btc.d btcdai

On Wednesday, October 27, Bitcoin (BTC) and the overall cryptocurrency market entered a strong correction with the BTC price slipping under $60,000 levels. Citing some opportunity here, the Latin American nation El Salvador bought the Bitcoin dip adding 420 Bitcoins worth $25 million to the Treasury. "It was a long wait, but worth it. We The post El Salvador Buys the Bitcoin Dip...

Sep 29 2021

El Salvador: Building of the most awaited volcanic geothermal Bitcoin mining facility begins

Sep 29 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

El Salvador’s President, Nayib Bukele announced on Twitter that the country has begun the building of its formerly promised, volcanic geothermal Bitcoin mining facility. Earlier this year, in June, President Bukele revealed that the government had instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities that will The post El Salvador: Building of the most...

Sep 17 2021

El Salvador: Government faces investigation into Bitcoin Trust’s expenditure

El Salvador’s Court of Accounts revealed that it had received a complaint from the regional human rights and transparency organization, Cristosal, regarding Bitcoin trust’s expenditure process in El Salvador. The Court of Accounts will now investigate the matter and may impose administrative and asset sanctions against officials as a result. Additionally, the Court of Accounts The post El Salvador: Government faces investigation into...

Sep 16 2021

El Salvador: Enraged Protesters burn down Bitcoin ATM

Sep 16 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

El Salvador’s native newspaper La Prensa Gráfica (LPG) shared a traumatizing video on its Twitter handle, displaying the Anti-Bitcoin protests running violently with an on-fire Bitcoin ATM captured by the publication. La actividad en el centro histórico de San Salvador transcurre sin sobresaltos mientras un cajero Chivo es consumido por el fuego tras las manifestaciones The post El Salvador: Enraged Protesters burn down...

Sep 08 2021

Sep 07 2021

El Salvador creates history after buying 400 Bitcoin (BTC)

El Salvador’s President Nayib Bukele has revealed that the Central American country has successfully purchased 200 units of Bitcoin in a tweet on Monday. This makes the country the first government in the world to invest in the crypto space. Bitcoin for...

Sep 03 2021

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