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Nalezeno "El Salvador’s bitcoin": 107

Where Is Nayib Bukele Actually Storing El Salvador's Bitcoin?

18.3.2024
Last week, the sats stacking president of the "Land of Many Volcanoes" announced he was moving the country's thousands of BTC into a bitcoin "piggy bank."

El Salvador’s Bitcoin Investment Strategy Proves Lucrative as Profits Surge by 70%

12.3.2024
El Salvador's Bitcoin (BTC) investment strategy is paying off handsomely, with the country now enjoying a remarkable 70% profit on its dollar-cost average purchase price. The post El Salvador’s Bitcoin Investment Strategy Proves Lucrative as Profits Surge by 70% appeared first on Cryptonews

Nayib Bukele Reacts to Bitcoin Critic’s Indictment with Laughter

7.3.2024
President Nayib Bukele has responded humorously to a social media post highlighting the legal troubles of one of his country's prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez's indictment, adding a touch...

El Salvador's Bitcoin-Friendly President Nayib Bukele Wins Re-Election

5.2.2024
The country in 2021 became the first nation to adopt bitcoin as legal tender

El Salvador’s Bitcoin Investment Yields $12.6 Million in Unrealized Gains Ahead of Bitcoin ETF Decision

9.1.2024
Source: AdobeStock/ MMollaretti El Salvador’s Bitcoin (BTC) portfolio of 2,798 tokens has yielded an unrealized profit of $12.6 million, and there are no plans to sell. El Salvador is sitting on $12.6 million in unrealized profits on its bitcoin (BTC) investment after being in the red for...

El Salvador’s Bitcoin Bonds Get Regulatory Approval, Launch Set for Early 2024

12.12.2023
Source: RawBeautyPixels/Adobe El Salvador’s highly anticipated Bitcoin (BTC) bonds, also known as “Volcano Bonds,” have received the regulatory approval for an early 2024 issuance. The bonds are expected to be offered on Bitfinex Securities, a regulated division of the popular...

Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20

11.12.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial...

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's Bitcoin Investment 'In the Black,' Says President Bukele

4.12.2023
"We have no intention of selling," Bukele added

Work Underway on El Salvador’s ‘Bitcoin City Airport’

23.6.2023
El Salvador has broken ground on the construction of an airport for its Bitcoin City project. Around a month ago, the YouTuber Albert Sánchez uploaded what he claimed was aerial footage of construction crews working on the site. The airport is to be known as the Pacífico Airport, but will also...

El Salvador's Bitcoin miner Volcano Energy launches with $250M investment

7.6.2023
Volcano Energy, the renewable energy developer, said the funds would go toward an estimated 241 MW power generation park

El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture

6.6.2023
After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers. The fear of losing assets, as with FTX, plagues people's minds after the commotion. Some experts believe it will take a while...

US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?

4.6.2023
El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation. Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan...

El Salvador’s Bitcoin City Has Not Been Shelved, Say Bukele-linked Bitcoiners

2.5.2023
An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for bitcoiners have been shelved. Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works...

Bitfinex CTO Says El Salvador’s Bitcoin Bonds Will Launch This Summer – But There’s a Twist

23.3.2023
The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of digital securities....

Today in Crypto: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election Donations in Crypto to $100

15.2.2023
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: Today in Crypto: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election...

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...