Salvador

As an emerging economy, El Salvador believes the best way to hedge against the core fluctuations brought on by the US dollar devaluation can be effectively mitigated with Bitcoin. El Salvador’s junk-rated bonds have defied expectations by experiencing a...

Lawmakers in El Salvador have greenlit a law that could facilitate the country’s long-standing Bitcoin bond initiative. El Salvador has taken a monumental step toward adopting and issuing the first-ever sovereign Bitcoin (BTC) bond. On Wednesday, Bloomberg reported that the Central...

Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country’s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped...

In the latest development, El Salvador Nayib Bukele announced that they will resume their Bitcoin purchases once again. In his recent tweet, President Nayib Bukele wrote: “We are buying one Bitcoin every day starting tomorrow”. However, he hasn’t...

After a very long, pro-Bitcoin El Salvador President Nayib Bukele gave a public interview with Tucker Carlson of Fox News. Under Bukele’s administration, The LAtAM nation made Bitcoin a legal tender last year. Since then, the Latin American country...

It’s been nearly a year since the Latin American country El Salvador made Bitcoin a legal tender in the country. On Thursday, July 28, the El Salvador finance minister Alejandro Zelaya said that their Bitcoin bet has been...

El Salvador’s big Bitcoin bet hasn’t played in its favor so far. The Latin American country started buying BTC last year when it was trading around its all-time high. However, with BTC crashing more than 70% since November,...

El Salvador President Nayib Bukele said the country purchased 80 Bitcoin on Friday amid a broader decline in the token’s prices. The South American country bought 80 Bitcoin at about $19,000 each, valuing the total transaction at $152,000. The...