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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...
Turkish and Salvadoran presidents meet, Bitcoiners left disappointed
21.1.2022
The Turkish President welcomed Nayib Bukele to Ankara for an official state visit. Anyone expecting a Bitcoin talk left disappointed
Expat Salvadorans ‘Clash’ in LA Park over Bukele, Bitcoin
17.1.2022
Salvadorans in Los Angeles, USA, gathered in a public park on Saturday to vent their disdain for President Nayib Bukele and his bitcoin (BTC) adoption policies – while rival groups convened to voice their support for the crypto-keen leader....
Read More: Expat Salvadorans ‘Clash’ in LA Park over...
Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament
14.1.2022
The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament...
Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s
14.1.2022
The credit rating agency believes El Salvador’s Bitcoin experiment has elevated the country’s risk profile and could limit its access to foreign debt markets
El Salvador to Add More Geothermal Energy Sources to Power Bitcoin City
11.1.2022
The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele...
Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president
10.1.2022
According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other sites
Devere Group CEO Predicts 3 Countries Will Adopt Bitcoin as Legal Tender This Year
7.1.2022
The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency. 3 Countries Will...
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
6.1.2022
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds...
El Salvador: How it started vs. how it’s going with the Bitcoin Law in 2021
5.1.2022
The Latin American nation is still struggling to cope with BTC's volatility when used as a medium of exchange and gaining mainstream understanding and acceptance from its populace
Bukele Teases Further Bitcoin Developments in Year Ahead for El Salvador
4.1.2022
The President of El Salvador Nayib Bukele appears keen to start the New Year with a bang – and has teased new developments, as well as crypto-friendly legislation.
Bukele has created a number of crypto-themed Twitter posts so far this year, and in one, wrote that the government was preparing...
Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts
3.1.2022
El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds...
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
2.1.2022
Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin City and Volcano bonds
President Bukele fires back at critics on 'Bitcoin experiment'
24.12.2021
The adoption of Bitcoin is changing El Salvador's economic landscape according to Salvadoran president
El Salvador Buys 21 More Bitcoins to Celebrate 21st Day, Year, Century
23.12.2021
El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins...
Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will ‘End in Environmental Disaster’
6.12.2021
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib...
El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin
6.12.2021
The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million...
Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury
4.12.2021
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were...
El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare
28.11.2021
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220....
El Salvador celebrates Black Friday, buys 100 BTC for 20% off
26.11.2021
With the addition of the 100 coins today, El Salvador holds 1,220 BTC, worth roughly $66.3 million following the crypto asset's drop to the $54,000s