Tag: president nayib bukele

Jun 19 2022

Stop Looking at the BTC Chart, Your Bitcoin Investment is Safe and Will Grow After the Bear Market, Says President Bukele

Key takeaways: El Salvador's President Nayib Bukele has advised crypto traders to stop looking at the Bitcoin chart and enjoy life. President Bukele also reassured Bitcoin holders that their investment is safe and its value will immensely grow after the bear market. According to Bitcoin Treasuries, President Bukuele's Bitcoin purchase on behalf of El Salvador is currently at 62.2% in unrealized losses. El...

May 13 2022

El Salvador’s over $100 million Bitcoin purchase is now worth $66 million

El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling by about $40 million. The decline in value results from Bitcoin...

The Value of El Salvador’s Bitcoin Holdings Drops by $40B Due to the Ongoing Crypto Market Pullback

Summary: El Salvador's Bitcoin holdings have lost value by roughly $40 million This amount is almost equal to El Salvador's next coupon payment on its debt for the month of June, worth $38.5 million However, President Bukele has an 85% approval rating President Bukele also shared plans for the country's Bitcoin City El Salvador's Bitcoin holdings have been hard hit by the ongoing...

Apr 16 2022

Binance Creates Jobs for the Youth in El Salvador To Help Tackle Gang Issues

Summary: Binance is creating jobs for the youth in El Salvador as a way of helping with gang issues in the country According to CZ, in the last two weeks, Binance has hired 7 staff, sent out 13 job offers and posted over 50 openings President Nayib Bukele continues to be committed to eradicating gangs from the country Bitfinex and Tether has now...

Apr 11 2022

Bitfinex and Tether Raises 36 BTC for Families in El Salvador Affected by Gang Violence

Summary: Bitfinex and Tether have set up a relief fund to help families in El Salvador affected by gang violence Both Bitfinex and Tether initially donated 25 Bitcoin to the fund Donations have grown to 36 Bitcoin, valued at roughly $1.5 million El Salvador's President has been committed to the fight against gangs and violence in the country The popular crypto exchange of...

Mar 24 2022

Jan 07 2022

President Nayib Bukele Responds to Popular Economist’s Critique of His Proposed Bitcoin City

El Salvador President Nayib Bukele has replied popular U.S-born Economist Steve Hanke for his recent comments about Salvador's proposed Bitcoin City. President Nayib Bukele Mocks Popular...

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 06 2021

El Salvador President Bought the Bitcoin (BTC) Dip and Now We Have an ongoing Twitter War

Dec 06 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The crypto market saw the most unexpected crash over the weekend, experiencing the highest liquidation recorded in past 15months, with more than $2.5 billion worth of leveraged positions getting liquidated in merely 24-hours. While the market cap dropped by nearly 20% with the loss of over $500 billion, Bitcoin enthusiast and the Salvadoran President, Nayib Bukele The post El Salvador President Bought the...

Nov 25 2021

El Salvador President Mocks Sweden’s Anti-Bitcoin Mining Stance

The Salvadoran President, Nayib Bukele recently took to Twitter to comment against Sweden's long-standing anti-Bitcoin Mining stance. While replying to a tweet that jokingly taunted El Salvador's Volcanic energy use to mine Bitcoin, Bukele noted that the Swedish authorities might need to wait longer than expected as it would take millions of years for Salvador's The post El Salvador President Mocks Sweden’s Anti-Bitcoin...

Nov 21 2021

El Salvador Announces Bitcoin City, Plans to Issue $1 Billion In Tokenized Bitcoin Bonds

Nov 21 2021 Published at Coingape under tags  bitcoin bonds bitcoin news btcbrl btcbusd btc.d

The Latin American country El Salvador has announced its plans to launch the world's first 'Bitcoin City'. Country President Nayib Bukele took the center stage at an event on Saturday, November 20. As per the announcement, Bitcoin City will be initially funded by Bitcoin bonds. Besides, the city planned to the east of the country The post El Salvador Announces Bitcoin City, Plans...

Oct 28 2021

El Salvador buys 420 Bitcoin as asset regains $60,000

Many might have seen Bitcoin’s recent price crash as an indication of its volatility but El Salvador’s President saw this as an opportunity to increase the country’s stash of the digital asset. El Salvador buys the dip...

Oct 18 2021

ATM data shows Salvadorans interest in Bitcoin (BTC) is rising

Oct 18 2021 Published at CryptoSlate under tags  adoption bitcoin btc chivo el salvador

A little over a month after El Salvador legitimized Bitcoin as a legal tender within its jurisdiction, and with the value of the flagship asset touching new heights during the weekend, indications have emerged that interest in it has surged drastically in the Central American country. More El Salvadorans are converting their dollars into BTC President Nayib Bukele,...

Sep 15 2021

Sep 07 2021

El Salvador President Sees Opportunity Amid Market Crash, Adds 150 BTC Units

Today marks a historic day in the digital currency world as a sovereign country, El Salvador officially launched Bitcoin (BTC) as its legal tender, second only to the United States Dollar. The build-up to the event had a massive effect on the price of Bitcoin which soared to a weekly high of $52,853.76. Amongst all The post El Salvador President Sees Opportunity Amid...

El Salvador Creates History by Integrating Bitcoin as Legal Tender, Buys $21 Million in BTC

El Salvador, the Central American nation created history again today after it finally integrated Bitcoin ($BTC) as legal tender in the country. The country has passed a Bitcoin law back in June and despite criticism and protest within the country, the small Latin American State has gone ahead with its plan. Nayib Bukele, the President The post El Salvador Creates History by Integrating...

Jul 03 2021

Chivo Wallet – An Overview Of El Salvador’s $30 Bitcoin Airdrop Plan

El Salvador President Nayib Bukele announced that each adult El Salvadorean would receive $30 Bitcoin in the official Chivo wallet upon successful registration on June 25, in a bid to promote Bitcoin usage in the country, after the largest cryptocurrency by market capitalization was declared to be the legal tender in the Latin American country....

Jun 09 2021

El Salvador Passes the Bitcoin Law In Congress, President Nayib Bukele to Meet the IMF Soon

Latin American country El Salvador is scripting a new history today! El Salvador President Nayib Bukele recently announced that the Bitcoin Law has been officially passed in the Salvadoran Congress with a strong...

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