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CATEGORY: el salvador


Country-wide Bitcoin adoption a mixed bag for national economies

Author: Cointelegraph by Stephen Katte
United States
Sep 27, 2024 12:00

Country-wide Bitcoin adoption a mixed bag for national economies

Country-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles might create mixed economic impacts. 

Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity

Author: Cointelegraph by Arijit Sarkar
United States
Sep 22, 2024 12:00

Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity

President Bukele visited Tesla to meet with Elon Musk and discuss the future of AI, Bitcoin, and El Salvadors emerging role in tech innovation.

Sep 22, 2024 04:10

El Salvador  President Engages with Elon Musk on AI and Technology

El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the countrys commitment to integrating cryptocurrency into its

Bhutan Surpasses El Salvador With 13,000 BTC Holdings, Says Arkham

Author: Kashif Saleem
Estonia
Sep 19, 2024 02:30

Bhutan Surpasses El Salvador With 13,000 BTC Holdings, Says Arkham

Bhutn, smll Himlyn ntion, hs surprisingly surpssd El Slvdor in Bitcoin holdings, bcoming notbl plyr in th cryptocurrncy world. A rcnt rport by Arkhm Intllignc, n on-chin nlytics pltform, rvld tht Bhutn owns 13,029 BTC, worth round $758 million. This is th first tim Bhutn’s significnt Bitcoin rsrvs hv bn publicly idntifid. Arkhm […]

Sep 18, 2024 01:45

This Country Quietly Mined Over 13,000 BTC, Overtaking El Salvadors Bitcoin Reserves

In a surprising development, Bhutan has significantly increased its Bitcoin holdings, surpassing El Salvador and establishing itself as a major player in the cryptocurrency world. According to data shared by crypto analytics firm Arkham Intelligence on Monday, the Himalayan kingdom now holds just over 13,000 BTC, valued at approximately $780 million. In addition to Bitcoin, […]

Sep 17, 2024 01:25

Mi Primer Bitcoin Promotes Two Staff Members to Leadership Roles

The open-source Bitcoin education platform founded in El Salvador moves two members of its in-house talent one a native Salvadoran into supervisory positions.

Bukele advisers said BTC adoption was complete PR move  TIME reporter

Author: Cointelegraph by Turner Wright
United States
Sep 13, 2024 12:00

Bukele advisers said BTC adoption was complete PR move TIME reporter

According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to change the narrative on the countrys international perception.

Sep 12, 2024 01:25

El Salvadors Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0

The National Bitcoin Office (ONBTC) of the Office of the President of El Salvador, led by Stacy Herbert, aims not just to help further integrate Bitcoin into El Salvadors economy but foster a cultural, artistic and psychological renaissance.

Sep 11, 2024 01:25

Un Ode de lProvocateur du Bitcoin

A poem written loosely in Haiku Style by Enza Coin.

Sep 01, 2024 01:45

El Salvador President Nayib Bukele Concedes Bitcoin Adoption Has Fallen Short Despite $265 Million Profits

In a recent interview, El Salvadors Bitcoin-loving president Nayib Bukele discussed the impact of his BTC gamble after adopting the maiden cryptocurrency as legal tender. While Bukele acknowledged that Bitcoin had not witnessed the widespread adoption in the country as he would have liked, he emphasized that his BTC strategy has been net positive. Bitcoin […]

Aug 31, 2024 04:10

El Salvador President Calls Bitcoin Adoption a Net Positive

After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin

Aug 31, 2024 02:30

Bitcoin in El Salvador: President Bukele Reflects on Progress and Challenges

El Salvador’s President Nayib Bukele recently gave an interview in which he talked about the Bitcoin initiative that took place in his country and its wider repercussions. According to Bukele, though the strategy of BTC has not been fully met, he sees its overall impact as positive. He underlined that eventually, BTC succeeded in boosting […]

Bitcoin hasnt had the widespread adoption we hoped for  Nayib Bukele

Author: Cointelegraph by Turner Wright
United States
Aug 30, 2024 12:00

Bitcoin hasnt had the widespread adoption we hoped for Nayib Bukele

The Salvadoran president seemed to embrace the authoritarian label while admitting that the country had not seen as many benefits from Bitcoin as he anticipated.

El Salvadors Bitcoin bet reaps $265M profit, bolsters financial inclusion

Author: Oluwapelumi Adejumo
United States
Aug 30, 2024 01:10

El Salvadors Bitcoin bet reaps $265M profit, bolsters financial inclusion

El Salvador’s President Nayib Bukele revealed that the country has gained about $265 million after adopting Bitcoin as a reserve asset and legal tender. Bukele shared that El Salvador has invested $135 million in Bitcoin, which has since grown to $400 million in the public wallet alone. According to him, Salvadorans who embraced Bitcoin have […]

The post El Salvador’s Bitcoin bet reaps $265M profit, bolsters financial inclusion appeared first on CryptoSlate.

Aug 25, 2024 01:45

El Salvadors Bitcoin Stockpile Now Worth $377 Million As Nation Continues Daily BTC Acquisition Strategy

According to data, the Salvadoran government has been purchasing one full Bitcoin every day since March 16, 2024.

Aug 24, 2024 02:30

El Salvadors Secret Bitcoin Stash Amass $93.4M Profit

An El Salvador cold wallet has been steadily accumulating Bitcoin for the past five months. So far, the address collected a staggering 160 BTC valued at over $10 million after buying 1 BTC every day since March 16, per data. Currently, the number of BTC held by the Salvadoran government is 5,850 nearly $356 million, […]

El Salvadors Bitcoin holdings grow by 162 BTC with daily buys

Author: Cointelegraph by Amaka Nwaokocha
United States
Aug 24, 2024 12:00

El Salvadors Bitcoin holdings grow by 162 BTC with daily buys

With each new Bitcoin purchase, the countrys financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.

Aug 20, 2024 02:15

Mi Primer Bitcoin's Global Expansion: Educating Thousands on Bitcoin (BTC)


Mi Primer Bitcoin, a non-profit educational organization from El Salvador, aims to educate 100,000 students globally on Bitcoin through its decentralized Light Node network. (Read More)

Aug 14, 2024 01:45

El Salvador Bags $1.6 Billion Investment To Bring Its Mega Bitcoin City Project To Life

Stacy Herbert, the director of the Bitcoin Office of El Salvador President, stated that the $1.6 billion investment is a product of Bukeles visit to Turkey in 2022.

$1.6B port investment could revive El Salvadors Bitcoin City plans

Author: Cointelegraph by Derek Andersen
United States
Aug 14, 2024 12:00

$1.6B port investment could revive El Salvadors Bitcoin City plans

The Turkish Yilport Holdings made the largest-ever private investment in El Salvador and will develop the port at the proposed site of Bitcoin City.

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