News
US President Donald Trump’s official memecoin rallied 12% after he called it “the greatest of all time” and another lucky solo miner has solved a Bitcoin block, netting a massive reward.
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Latest El Salvador News
El Salvador is a small Central American country bordered by Honduras, Guatemala and the Pacific Ocean. In September 2021, El Salvador made a significant move in the crypto world when it became the first country to make Bitcoin legal tender.
This innovative move aligns with plans to utilize geothermal energy for cryptocurrency mining, issue “Volcano Bonds” to fund Bitcoin infrastructure and construct a “Bitcoin City” at the base of a volcano.
Despite facing international scrutiny and domestic concerns, El Salvador’s efforts position it as an emerging hub for blockchain technology through its cryptocurrency ventures.
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El Salvador’s Bitcoin Office touted the CUBO AI program as the only public education initiative that leverages top-tier industry experts.
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President Nayib Bukele shows no sign of abandoning the BTC treasury strategy as Bitcoin continues to gain international legitimacy.
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El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin.
3375 - Spotlight
As El Salvador struggles with Bitcoin adoption, Kyrgyzstan embraces a gold-backed stablecoin and organized blockchain strategy.
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El Salvador President Nayib Bukele says the country will keep buying at least one Bitcoin a day, despite pressure from the International Monetary Fund.
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The IMF has issued new requests under its $1.4 billion deal with El Salvador, aiming to restrict BTC purchases by the public sector.
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Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin.
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El Salvador aims to become LATAM’s crypto Silicon Valley, but these aspirations hinge on better relations with US banks.
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The vague language of El Salvador’s $1.4 billion deal with the IMF may imply that it might stop buying Bitcoin at some point, according to Samson Mow.
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El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.
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The revolution is dead in El Salvador. It's a lesson for developing nations who aim to seek out economic autonomy by making crypto legal tender.
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The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit.
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“I think the regulatory body of El Salvador and the regulatory body of the United States will talk a lot,” Michele Crivelli said.
24848 - Markets News
Bitcoin accounts for nearly 15% of El Salvador’s reserves as President Bukele doubles down on his bold crypto strategy, even after inking a deal with the IMF.
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