Latest News and Articles about El Salvador
El Salvador’s Bukele to Meet Trump: Bitcoin and Crime on Agenda
El Salvador’s Nayib Bukele Confirms Potential Meeting with Donald Trump – Bukele hints at meeting with Trump, potentially discussing Bitcoin – First Western Hemisphere leader to visit Trump – El Salvador’s economic transformation under Bukele’s leadership – Trump’s recent embrace of cryptocurrency – Bitcoin’s current value and its implications El Salvador’s President Nayib Bukele has […]
Read MoreEl Salvador Adds 13 BTC to Reserves Amid IMF Loan Talks
El Salvador Bolsters Bitcoin Reserves Amidst IMF Negotiations In San Salvador, Juan, a local entrepreneur, uses Bitcoin to pay for his morning coffee, a testament to the country’s embrace of the cryptocurrency. El Salvador isn’t backing down from its bold Bitcoin strategy, adding 13 BTC to its national reserves in March 2025, bringing its total […]
Read MoreBitcoin Plunges to $80k, Ether Below $2k After Strategic Reserve Announcement
Bitcoin Crashes to $80k as Ether Tumbles Below $2k: Navigating the Crypto Market’s Turbulent Waters Bitcoin’s recent plunge to $80,000 sent shockwaves through the crypto market, wiping out over $200 billion in a single day. This dramatic downturn was triggered by an unexpected market reaction to President Trump’s announcement of the Strategic Bitcoin Reserve, which […]
Read MoreEl Salvador’s Tech Ambitions: AI Focus and Bitcoin Commitment with a16z Founders
El Salvador’s President Bukele Meets with a16z Founders to Discuss AI and Tech Investments El Salvador’s President Nayib Bukele recently met with Andreessen Horowitz (a16z) co-founders Ben Horowitz and Marc Andreessen at Casa Presidencial to discuss the country’s ambitions to become a regional tech hub. The focus was on AI development and tech investments, showcasing […]
Read MoreEl Salvador’s Plan B Bitcoin Forum: Empowering 2,500+ Attendees and Embracing Crypto
El Salvador’s Historic Bitcoin Forum Empowers Citizens: Plan B Bitcoin Forum Highlights Over 2,500 attendees flocked to El Salvador for the Plan B Bitcoin forum, a landmark event that underscored the country’s commitment to cryptocurrency. Held from January 30-31, the forum not only celebrated Bitcoin’s role in Salvadoran society but also highlighted the vibrant community’s […]
Read MoreMichael Saylor Meets El Salvador’s President: Bitcoin Adoption and Strategy’s Role Explored
El Salvador’s Bitcoin Strategy: Insights from Michael Saylor’s Meeting with President Bukele Michael Saylor, the founder of Strategy (formerly MicroStrategy), recently met with El Salvador’s President Nayib Bukele, sparking excitement and speculation about Bitcoin adoption. Michael Saylor meets El Salvador President Nayib Bukele. Discussion focuses on Bitcoin adoption and potential benefits for El Salvador. El […]
Read MoreEl Salvador Reverses Bitcoin Legal Tender Status Amid IMF Pressure
El Salvador Ends Bitcoin Legal Tender: A Closer Look at Why It Didn’t Work El Salvador’s decision to drop Bitcoin as legal tender on January 30, 2025, marks the end of a bold experiment that began in 2021. The move was influenced by the International Monetary Fund (IMF) and reflects the challenges faced in integrating […]
Read MoreEl Salvador Revokes Bitcoin Legal Tender Amid Economic Woes
El Salvador Reverses Course: Bitcoin No Longer Legal Tender Amid Economic Struggles El Salvador has made a significant policy shift by revoking Bitcoin’s status as legal tender, marking a major change in its cryptocurrency policy. This decision follows economic challenges and public backlash against the initial adoption in 2021, sparking a debate on the future […]
Read MoreEl Salvador’s Bitcoin Adoption: Pioneering Move or Risky Gamble?
El Salvador’s Bitcoin Strategy: A Bold Experiment That Could Inspire Global Adoption Can a small nation like El Salvador change the global financial landscape with Bitcoin? In September 2021, El Salvador became the first country to adopt Bitcoin as legal tender, igniting a wave of enthusiasm and skepticism worldwide. This audacious move into the crypto […]
Read MoreKraken Halts Tether Trading in Europe by March 31 Due to MiCA
Kraken to Shutter Tether Trading in Europe by March 31 Kraken, a prominent cryptocurrency exchange, will halt support for Tether (USDT) and other non-compliant stablecoins for its European clients by March 31, 2024, due to the European Union’s Markets in Crypto Assets (MiCA) Regulation. This regulatory push joins Coinbase and Crypto.com in delisting Tether across […]
Read MoreTether’s $13B Profit in 2024: Navigating Success, Regulation, and Relocation
Tether’s Record $13 Billion Profit in 2024: A Tale of Triumph and Turbulence Tether, the powerhouse behind the world’s leading stablecoin USDT, has achieved a remarkable $13 billion net profit in 2024, driven by a strategic blend of U.S. Treasury Bill investments, Bitcoin, and gold. However, this success story is shadowed by regulatory challenges in […]
Read MoreCzech National Bank Considers Bitcoin Reserves, Lummis Pushes U.S. Action
Czech Point: Prague Central Bank Eyes Bitcoin, Lummis Urges U.S. Action The global financial landscape is witnessing a shift as countries like the Czech Republic and El Salvador explore Bitcoin as a reserve asset. Meanwhile, U.S. Senator Cynthia Lummis advocates for a Strategic Bitcoin Reserve to keep America competitive in the digital finance race. Czech […]
Read MoreUSDT Joins Bitcoin’s Lightning Network: Faster, Cheaper Transactions Unveiled in El Salvador
USDT Expands to Bitcoin’s Lightning Network, Aiming for Faster and Cheaper Transactions USDT’s integration with Bitcoin’s Lightning Network, utilizing the innovative Taproot Assets protocol, marks a significant step towards faster and cheaper transactions. Announced at the Plan ₿ Forum in El Salvador, this move could revolutionize how Bitcoin is used daily. Tether’s USDT now on […]
Read MoreEl Salvador Makes Bitcoin Payments Optional Amid IMF Deal: A Pragmatic Shift
El Salvador Adjusts Bitcoin Law Amid IMF Deal, Making BTC Payments Optional for Businesses El Salvador has adjusted its Bitcoin law to make payments in the cryptocurrency optional for businesses, influenced by an IMF deal and economic pressures. This amendment reflects a pragmatic response to the challenges of integrating Bitcoin into the national economy. El […]
Read MoreSen. Warren Slams Trump’s Commerce Nominee Over Tether Ties Amid El Salvador Move
Anti-crypto Sen. Warren Targets Pro-crypto Commerce Secretary Nominee Howard Lutnick Senator Elizabeth Warren has launched a pointed attack on Howard Lutnick, President Trump’s Commerce Secretary nominee, over his firm’s ties to the controversial stablecoin issuer, Tether. The senator’s concerns focus on Tether’s compliance issues and its alleged involvement in illicit activities, while Tether plans to […]
Read MoreEl Salvador Boosts Bitcoin Reserves to 6,044 BTC Despite IMF Deal
El Salvador’s Bold Bitcoin Strategy Persists Despite IMF Agreement El Salvador has added another 12 BTC to its strategic reserves, showcasing its unwavering commitment to Bitcoin despite a recent agreement with the International Monetary Fund (IMF) to scale back some of its crypto policies. El Salvador acquires 12 more BTC, total now 6,044 BTC Bitcoin […]
Read MoreHong Kong and El Salvador Advance Blockchain with Tokenization Initiatives
Hong Kong and El Salvador Push Forward with Blockchain and Tokenization Initiatives Hong Kong and El Salvador are making significant strides in blockchain and tokenization, aiming to stay ahead in the digital financial revolution. Hong Kong’s HKMA launches blockchain incubator for banks El Salvador’s Ditobanx partners with Tokeny for tokenization In Hong Kong, the Hong […]
Read MoreArgentina’s Corporations Hold 1,300 BTC: Aiming to Follow El Salvador’s Crypto Path?
Argentina’s Corporate Giants Embrace Bitcoin: A Step Towards Becoming the Next El Salvador? Argentina’s leading corporations are making headlines by amassing over 1,300 BTC, signaling a bold move towards integrating cryptocurrencies into the country’s economy. This surge in corporate investment is fueled by President Javier Milei’s pro-crypto stance, raising discussions about Argentina potentially following El […]
Read MoreTether Moves HQ to El Salvador, Embracing Bitcoin-Friendly Policies
Tether Relocates to El Salvador: A Strategic Move for Future-Focused Regulation Tether, the leading stablecoin issuer, has made a bold move in relocating its headquarters to El Salvador, the first country to embrace Bitcoin as legal tender. This strategic shift is set to leverage El Salvador’s supportive regulatory environment and Bitcoin-friendly policies, enhancing Tether’s mission […]
Read MoreEl 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 […]
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