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El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele
17.3.2024
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from...
El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’
16.3.2024
El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador...
El Salvador Transfers 5,000 Bitcoins to Cold Wallet, Surpassing Bitcoin Holdings Estimates
15.3.2024
El Salvador moved over 5,000 Bitcoins valued at over $400 million into a cold wallet this week, President Nayib Bukele revealed in a March 14 X post. The move surprised the cryptocurrency community by substantially surpassing expectations of what the country was believed to hold in the rallying...
Bitcoin: Boom or Bust? El Salvador, Debt, and the Satoshi Enigma
15.3.2024
The past few days have been nothing short of a rollercoaster ride for Bitcoin. The biggest crypto in the world broke its 2-year-long slump and hit its all-time high of 73,798 dollars. While the crypto has dropped to 68,582 dollars for now, the market is inundated with updates surrounding BTC. Let’s...
First Mover Americas: El Salvador Holds More BTC Than Expected
15.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
El Salvador to Store ‘Big Chunk’ of Bitcoin Holdings in Physical Vault
15.3.2024
El Salvador intends to move a substantial portion of its Bitcoin holdings to a cold wallet. This wallet would be housed in a physical vault within the country, President Nayib Bukele revealed Friday.
The post El Salvador to Store ‘Big Chunk’ of Bitcoin Holdings in Physical Vault appeared first...
El Salvador Has Thousands More Bitcoins Than Previously Known
15.3.2024
The Central American nation moved $400 million in BTC into a cold storage wallet this week
El Salvador Woos Global Investors: 0% Income Tax!
14.3.2024
In a bold step, El Salvador has introduced innovative measures that attract foreign investments by canceling pay taxes on world investments. The 0% rate for these funds means they will not be liable to pay any taxes, as opposed to the general 30%, and is seen as a big step in making the country...
El Salvador Axes Income Tax for Investments From Abroad
13.3.2024
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas
El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates
13.3.2024
President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization...
First Mover Americas: Ether Options Traders Prepare for Downside
12.3.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
El Salvador Is Sitting on $84M Profit From Its Bitcoin Holdings
12.3.2024
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues
Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World
12.3.2024
Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in...
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
El Salvador May Become One of the World’s Richest Countries Due to Bitcoin Holdings
8.3.2024
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September...
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 Bukele Defends Bitcoin Strategy as Holdings Hit Record 53% Profits
6.3.2024
El Salvador's President Bukele has defended his Bitcoin strategy as the country's holdings hit a record 53% profit, reaching $164.5 million. This progress stems from El Salvador's declaration of Bitcoin as legal tender alongside the US dollar in 2021. According to data from Bitcoin Treasuries,...
Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru
4.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize...
El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now
29.2.2024
El Salvador President Bukele slammed the critics who wrote about the country’s supposed losses when BTC price was low and stressed that it "won't sell" as of now.
The post El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now appeared first on Cryptonews
El Salvador Won’t Sell Its Bitcoin — President Bukele Says ‘at the end 1 BTC = 1 BTC’
29.2.2024
El Salvador president, Nayib Bukele, has affirmed that his country will not sell its bitcoin, emphasizing that “At the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now).” Bukele further shared: “Now that bitcoin’s market price...