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Bitcoin Price Prediction: Surges Past $44K, El Salvador Sees Soaring Returns on BTC Investment
6.12.2023
In an electrifying leap forward, Bitcoin‘s valuation surged past the $44,000 mark, trading at $43,858 with an impressive nearly 6% increase on Wednesday. This ascent comes after a “jet-fueled” 16% climb over six days, underscoring the cryptocurrency’s robust performance....
El Salvador’s Bitcoin Strategy Pays Off with $3.6 Million Profit – Will President Nayib Bukele Sell BTC Holdings?
4.12.2023
El Salvador Flag With BTC Tokens / Source: Adobe The Bitcoin (BTC) price, which briefly surpassed $42,000 on Monday for the first time since April 2022, has risen back above El Salvador’s average purchase price, putting the emerging Central American nation’s crypto bet back in the green....
El Salvador Triumphs in Bitcoin Bet — President Nayib Bukele Announces $3.6 Million Profit
4.12.2023
El Salvador’s head of state, Nayib Bukele, recently announced that the nation’s bitcoin investment has turned profitable, rebounding from a prolonged period of losses experienced during the majority of last year’s crypto winter. Bukele revealed that the value of...
El Salvador's Bitcoin Investment 'In the Black,' Says President Bukele
4.12.2023
"We have no intention of selling," Bukele added
Max Keiser Walks Back Bid to Get Bukele and Argentina’s Milei to Talk BTC
28.11.2023
Source: Oleksii/Adobe The bitcoiner Max Keiser has apparently retracted his bid to get El Salvador President Nayib Bukele and Argentina’s President-elect Javier Milei to talk BTC. Keiser last week took to X (formerly Twitter) to publicly ask Bukele for permission for the El Salvador Bitcoin “team”...
Bitcoin as Legal Tender: El Salvador’s Risky Financial Maneuver Struggles to Pay Off
24.11.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe More than two years after implementing Bitcoin (BTC) as legal tender, El Salvador’s big crypto bet is still struggling to bear fruit. That includes the government’s own BTC investments, which still appear to be underwater due to...
Bitcoin ATM Users in Argentina Can Now Use Lightning Network
17.11.2023
Source: Birdland/Adobe Bitcoin ATM users in Argentina can now use the Bitcoin (BTC) Lightning Network, following similar developments earlier this month in El Salvador. The project is the brainchild of the crypto ATM operator Athena Bitcoin, which launched Lightning Network integration in...
El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing
15.11.2023
It's been a bit more than two years since the country made bitcoin legal tender there
Latam Insights: Unlicensed Crypto Exchanges Still Allowed to Operate in Brazil, Lightning Strikes Salvadoran Bitcoin ATMs
14.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions...
Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador
8.11.2023
Source: Pixabay / Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology...
El Salvador Bitcoin ATM network to receive Lightning Network upgrade
8.11.2023
Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months
Latam Insights: USDT Takes Over Brazil, Bukele’s Administration Accused of Embezzlement
6.11.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges...
OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador
2.11.2023
An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal...
Investigation Reveals El Salvador Misused One-Third of $600 Million COVID Relief for Bitcoin
1.11.2023
The COVID-19 pandemic plunged El Salvador into economic turmoil in 2020, causing GDP to plummet nearly 8% and leaving many struggling to survive the strict lockdown measures. So when the Central American Bank for Economic Integration (BCIE) approved a $600 million loan in 2021 to provide relief...
Bitcoin-Friendly El Salvador Poised to Become Financial Center of the Americas, Says VanEck Strategy Adviser
30.10.2023
Incoming investment capital and immigration will lead to a major economic shift that will turn El Salvador into a financial center, argued Gabor Gurbacs, strategy adviser of investment management giant VanEck. Gurbacs tweeted that, “I say often to portfolio managers and asset allocators that...
El Salvador’s Pro-Bitcoin President Registers for Re-election in 2024
30.10.2023
El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution. Bukele and his running mate Vice President Ulloa officially registered as his party’s candidate before the deadline...
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
30.10.2023
Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution
Bitcoin-friendly El Salvador can become the 'Singapore of the Americas': VanEck advisor
29.10.2023
VanEck strategy advisor Gabor Gurbacs expects a wave of new investment capital and immigration will push El Salvador’s economic growth in the coming years
El Salvador Town Tires of Waiting for Bukele, Will Build ‘Real Bitcoin City’
25.10.2023
An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.”
Residents of Berlin, a town in the Usulután Department, say they want to build the “real Bitcoin City,” instead...
Latam Insights: Argentine Digital Currency Bill to Be Introduced ‘as Soon as Possible,’ Bitfinex Free P2P Exchanges
23.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Argentina is pushing for the introduction of the digital currency “as soon as possible,” Bitfinex makes P2P transactions free...