El Salvador purchases additional 410 Bitcoin for $15 million

El Salvador purchases additional 410 Bitcoin for $15 million

Bitcoin-centric Central American country, El Salvador, has taken advantage of the ongoing bear market to buy 410 units of Bitcoin for around $15 million. President Bukele called the purchase “really cheap” Per... Read more »
El Salvador is down $12 million on its Bitcoin buys

El Salvador is down $12 million on its Bitcoin buys

With the ongoing market slump, El Salvador is holding significant losses on its Bitcoin investments. Its buying process and wallets are undisclosed, so the exact amount remains unknown. But estimates put the... Read more »
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC

El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC

El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy... Read more »
El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds

El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds

El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them. Head of the... Read more »
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November. Salvadoran... Read more »
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund... Read more »
El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up

El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up

Nayib Bukele, the President of El Salvador, announced that the country will be building a carbon-neutral Bitcoin City. The city will have no property, income, or capital gains taxes, and the massive... Read more »
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After 'Bitcoin City' Announcement

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement

The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele... Read more »
20 Bitcoin schools to be built in El Salvador with surplus from Bitcoin Trust

20 Bitcoin schools to be built in El Salvador with surplus from Bitcoin Trust

El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation. The country is planning to build 20 new Bitcoin schools under their “My New School” program.... Read more »
El Salvador presents fuel aid of $0.20 per gallon to residents who pay in BTC

El Salvador presents fuel aid of $0.20 per gallon to residents who pay in BTC

Salvadoran president Nayib Bukele has actually revealed that regional customers can take pleasure in a $0.20 per gallon decrease in gas rates when paying utilizing the government-backed Bitcoin wallet, Chivo. Explaining the... Read more »