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El Salvador to Educate 80,000 Public Servants on Bitcoin
22.8.2024
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas...
$1.6B port investment could revive El Salvador’s Bitcoin City plans
13.8.2024
The Turkish Yilport Holdings made the largest-ever private investment in El Salvador and will develop the port at the proposed site of Bitcoin City
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
10.8.2024
A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly...
El Salvador and IMF Advance Talks on Bitcoin Risk Mitigation and Economic Reforms
8.8.2024
The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both...
Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation
7.8.2024
A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation...
Latam Insights Encore: El Salvador Shows Bitcoin Can Be a Catalyst to Power Tourism
29.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other...
Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in Review
28.7.2024
Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria,...
Trump’s Claims About El Salvador and President Bukele Debunked
23.7.2024
Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib Bukele’s anti-crime measures. El Salvador’s...
Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top
22.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador....
President Bukele Eliminates Basic Food Products’ Import Duties for a Decade In El Salvador
18.7.2024
President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that...
Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining
14.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power...
‘Going Full Hugo Chavez’: Bukele Expands Farmers’ Markets in El Salvador to Fight Price Gouging Practices
12.7.2024
President Nayib Bukele compared himself to the late Venezuelan President Hugo Chavez after announcing that Farmers’ Markets, an initiative of the Agriculture Ministry of El Salvador focused on offering lower prices to Salvadorans in selected items, will be permanently open. These markets...
Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin’
29.6.2024
Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in...
Bitcoin bank proposal gains momentum in El Salvador
15.6.2024
The Bank for Private Investment will “diversify the financing options” available to investors in both Dollars and Bitcoin
‘First Citizen’ of Bitcoin City Leaves El Salvador After Waiting Over 2 Years for Its Construction
10.6.2024
Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this infrastructure proposal for Bitcoin City in November...
Pro-Bitcoin President Bukele Begins Second Term in El Salvador
2.6.2024
The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable...
El Salvador's pro-Bitcoin president Nayib Bukele sworn in for a second term
2.6.2024
El Salvador's pro-Bitcoin President Nayib Bukele began a new five-year term, with the crypto industry applauding his leadership as he positions the country as a "world leader."
Ark CEO Cathie Wood Talks Bitcoin With El Salvador’s President — Applauds His Vision for BTC Hub
30.5.2024
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a...
El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy
16.5.2024
El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5...
El Salvador mines 474 Bitcoin using geothermal volcanic energy
15.5.2024
El Salvador currently holds 5,750 BTC worth $354 million which it has accumulated over three years