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Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador
31.8.2022
El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also...
El Salvador retrasa la emisión de los bonos bitcoin, según Paolo Ardoino, CTO de Bitfinex
30.8.2022
El CTO de Bitfinex y Tether espera que el bono aún pueda implementarse este año
El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report
30.8.2022
It’s the latest in a string of delays for the planned $1 billion bond offering
El Salvador’s Chivo BTC App Largely Disused & ATM Booths ‘Empty’ – Report
16.8.2022
Under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin (BTC) app and wallet – and bitcoin ATM booths in the nation are “empty” less than a year after their launch, a new report has claimed. But the government claims that the app is still popular among many...
UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
12.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
Bukele Takes a Laugh at South Korean Drama Featuring a Crypto-loving Character Based on Him
10.8.2022
The latest episode of a South Korean drama series about scorned women looking for revenge featured a character based on the El Salvadoran President Nayib Bukele – and the Bitcoin (BTC)-keen leader is looking on the light side.
The drama in question is named “Becoming Witch” and is currently airing...
El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto
10.8.2022
If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you
Bitcoin, Surf & My Crackdown on Gangs Bringing More Tourists than Ever to El Salvador, Says Bukele
9.8.2022
International tourism is on the increase in El Salvador. And the country’s leader, President Nayib Bukele, says that his policies – including bitcoin (BTC) adoption – are the chief reasons why more holiday-goers are choosing to visit the Central American nation....
Read More: Bitcoin, Surf &...
Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction
7.8.2022
Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers...
Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’
7.8.2022
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education...
Tourists flock to El Salvador despite Bitcoin bear market
4.8.2022
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product
3.8.2022
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages...
Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News
29.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
__________...
Read More: Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
29.7.2022
El Salvador's adoption of bitcoin as legal tender is working despite the losses of over 50% the government has incurred on its purchases, according to the country's finance minister
El Salvador Introduces 2 Sovereign Debt Repurchase Bills in Effort to Allay Default Concerns
26.7.2022
President Nayib Bukele announced that the Central American country seeks to buy back bonds maturing in 2023 and 2025 at market prices
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
20.7.2022
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently
Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets
18.7.2022
During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins...
El Salvador Finance Chief Says USD 800M Debt Default Won’t Happen, Bukele Says BTC Is 'Inevitable'
15.7.2022
El Salvador’s finance minister says he is unworried by international markets forecasters’ predictions that the country will default on USD 800 million bond payments early next year.
ElSalvador.com, the website of the newspaper El Diario de Hoy, quoted minister Alejandro Zelaya as stating that...
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
15.7.2022
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran...