Latest News and Articles about El Salvador
El Salvador’s Bitcoin Adoption Boosts Tourism by 22% in 2024
El Salvador’s Tourism Surges Amid Bitcoin Adoption El Salvador has witnessed a significant increase in tourism following its groundbreaking adoption of Bitcoin as legal tender, with 3.9 million tourists visiting in 2024, marking a 22% rise from the previous year. 3.9 million tourists in 2024 (22% increase) Improved security and construction boom IMF agreement imposes […]
Read MoreEl Salvador’s Bukele Aims to Buy U.S. DOJ’s Silk Road Bitcoins at a Discount
El Salvador’s President Nayib Bukele Eyes Discount on U.S. DOJ’s Silk Road Bitcoin Auction El Salvador’s President Nayib Bukele recently tweeted, “Maybe we’ll all get the chance to buy Bitcoin at a discount!”—a bold statement aimed at the U.S. Department of Justice’s upcoming auction of 69,370 Bitcoins seized from the Silk Road, valued at around […]
Read MoreBitfinex Derivatives Moves to El Salvador, Embracing Crypto Hub Ambitions
Bitfinex Derivatives Relocates to El Salvador: A Bold Step into the Crypto Hub Bitfinex Derivatives, a subsidiary of the renowned cryptocurrency exchange Bitfinex, has made a strategic move to El Salvador after securing a Digital Asset Service Providers (DASP) license. This relocation aligns with El Salvador’s ambitions to become a leading cryptocurrency hub in Latin […]
Read MoreSamson Mow’s JAN3 Secures $5M to Boost Bitcoin’s Usability and Scalability
Samson Mow’s JAN3 Raises $5M to Drive Bitcoin Adoption Forward Can Bitcoin become a daily-use currency? JAN3, led by Samson Mow, is betting $5 million that it can. This funding aims to enhance Bitcoin’s usability and integration, particularly through Layer 2 technologies. $5 million raised by JAN3, led by major investors Focusing on Bitcoin and […]
Read MoreBhutan’s Eco-Friendly Bitcoin Mining: A Sustainable Contrast to El Salvador’s Legal Tender Strategy
Bhutan’s Eco-Friendly Bitcoin Mining Strategy: A Sustainable Approach to Cryptocurrency Bhutan, the serene Himalayan kingdom known for its unique measure of national well-being, the Gross National Happiness index, has quietly emerged as the fifth-largest sovereign holder of Bitcoin. With 13,029 BTC valued at approximately $780 million, Bhutan leverages its abundant hydropower resources to mine Bitcoin […]
Read MoreEl Salvador’s 6,000 BTC Reserves Defy IMF: A Crypto Nation’s Bold Leap Forward
El Salvador’s Bitcoin Boldness: 6,000 BTC Strong Despite IMF Scrutiny El Salvador’s embrace of Bitcoin continues to make waves, with the nation’s reserves now soaring past 6,000 BTC. This bold statement, despite International Monetary Fund (IMF) skepticism, cements El Salvador’s position as a trailblazer in cryptocurrency adoption and ignites a debate about the future of […]
Read MoreEl Salvador Defies IMF with Bold Bitcoin Strategy, Eyes 20,000 BTC Reserves
El Salvador’s Bold Bitcoin Bet Amid IMF Constraints El Salvador has once again made headlines with its audacious cryptocurrency strategy, significantly ramping up Bitcoin purchases and pushing its reserves to over $574 million. This comes shortly after securing a IMF loan agreement terms with El Salvador 2023 for $1.4 billion, which ironically demands a scaled-back […]
Read MoreEl Salvador Scales Back Bitcoin Use in $1.4B IMF Loan Agreement
El Salvador’s Practical Change in Bitcoin Policy El Salvador is adjusting its ambitious Bitcoin strategy by agreeing to limit its use, a move tied to a $1.4 billion loan agreement with the International Monetary Fund (IMF). This decision is central to the country’s efforts to reduce its debt-to-GDP ratio, a key indicator comparing a country’s […]
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