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Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning
10.5.2022
After weeks of silence on all things bitcoin (BTC)-related, El Salvador’s outspoken President Nayib Bukele has taken to Twitter to announce that his government has bought USD 15.4m worth of BTC – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue...
El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath
10.5.2022
El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether....
El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister
4.5.2022
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets....
IMF Deal ‘Dead’ and So Is Bitcoin Bond Issuance, Claim Bukele Critics
20.4.2022
The former Governor of the Salvadoran central bank, the Central Reserve Bank, claims that negotiations with the International Monetary Fund (IMF) are “practically dead” – and says investors are “not interested” in the delayed bitcoin (BTC) bonds issuance President Nayib Bukele wants to use...
Bitfinex and Tether Launch Public Fund to Support Salvadoran Families Affected by Gang Violence
12.4.2022
Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence. The two companies have donated 25 BTC to start the initiative, and expect many more will...
El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance
6.4.2022
Bukele had previously teased that he would be making an important announcement at this year’s conference
Bukele Returns to Miami Bitcoin Conference as Gangland Crackdown Takes Gruesome Turn
6.4.2022
International bitcoiners will be turning their eyes to El Salvador again this week – but some are concerned that government’s aggressive recent crackdown on gang crime could undermine its standing in the bitcoin (BTC) community....
Read More: Bukele Returns to Miami Bitcoin Conference...
Bitcoin Royalty Flock to Bukele’s Court as President Talks of ‘Short Delay’ to BTC Bonds
25.3.2022
El Salvador’s President Nayib Bukele is playing host to a dazzling array of international bitcoiners – while also taking the time to “flex” on American Senators on Twitter.
In the past few hours, Bukele has posted pictures of himself with Ricardo Salinas Pliego, one of the richest men...
President Bukele hits out at Bitcoin Bond 'FUD' as CZ jets in to El Salvador
25.3.2022
El Salvador’s President Nayib Bukele publicly called out Reuters for spreading “FUD” about delays in the country’s $1 billion 'volcano bond.'
El Salvador’s Bukele Shoots Down FUD on Bitcoin Bond, Takes Issue With U.S. Lawmakers
24.3.2022
A Reuters report said Bitfinex had been booted from managing the bond sale, and a bill targeting El Salvador’s Bitcoin advanced in the Senate
‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee
24.3.2022
The bill would direct federal agencies to scrutinize how El Salvador implements its Bitcoin law
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible
23.3.2022
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at...
El Salvador's Bukele Says 52 Bitcoin Reforms Are ‘In the Oven', Critics Hit Out at Lack of Adoption Benefits
9.3.2022
On the six-month anniversary of El Salvador’s adoption of bitcoin (BTC) as legal tender, President Nayib Bukele stated that he will unveil 10 new BTC-specific legal reforms next week – with over 40 more to come.
The reforms are likely to center on ways the state can issue bitcoin bonds – which...
El Salvador's President Bukele Silent on Ukraine War
1.3.2022
Media outlets in El Salvador have hit out at President Nayib Bukele and his government over the perceived “silence” on the matter of Russia’s invasion of Ukraine.
ElSalvador.com, the online edition of the newspaper El Diario de Hoy – hostile to Bukele’s government on most matters – reported...
El Salvador’s Tourism Rises 30% After Bitcoin Became Legal Tender
23.2.2022
El Salvador’s tourism has grown more than 30% after adopting bitcoin as legal tender, according to the country’s ministry of tourism. “Cryptocurrency multiplies the opportunities to do business with more partners anywhere in the world,” the Salvadoran government...
US Lawmakers Introduce Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender
18.2.2022
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned...
US Senators Call for El Salvador Bitcoin Adoption Probe, Bukele Responds with ‘OK Boomer’ Barb
17.2.2022
Weeks after memeing the International Monetary Fund (IMF), El Salvador’s outspoken President Nayib Bukele has upped his Twitter game by responding “OK boomers” to a group of United States senators moving to block his bitcoin (BTC) adoption plans....
Read More: US Senators Call for El Salvador...
El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet
2.2.2022
On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend...
Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’
31.1.2022
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and there’s not enough bitcoin in the world for all today’s...
El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months
23.1.2022
El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran government has bought a total of 1,801 bitcoins since the cryptocurrency was made legal tender in the country. El Salvador...