Tag: Salvadors
Bitfinex Securities Introduces El Salvador’s First Tokenized Debt to Fund New Hilton Hotel
The construction project consists of 4,484 square meters across five levels with 80 rooms, including a swimming pool, restaurants and commercial space [...]
Where Is Nayib Bukele Actually Storing El Salvador’s Bitcoin?
"We've decided to transfer a big chunk of our Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory," [...]
El Salvador’s Bitcoin (BTC) Holdings Yields $84M in Unrealized Profit
As such, President Nayib Bukele indicated in a Tuesday post that the nation is earning even more bitcoin in the form of revenue from other services. T [...]
El Salvador’s Bitcoin portfolio swings to profit
According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million w [...]
Nayib Bukele steps down as El Salvador’s President ahead of re-election bid
El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office [...]
Google Cloud to digitize El Salvador’s governance, healthcare and education
Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GD [...]
El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment
The public-private partnership in El Salvador to pump $1 billion into creating a Bitcoin (BTC) mining farm has received its first $250 million. This f [...]
Tether invests in El Salvador’s $1B renewable energy project
Stablecoin issuer Tether (USDT) has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion do [...]
Hodl up, El Salvador’s newest economic advisor is a Bitcoin maxi
Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the Nat [...]
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, suggests IMF
El Salvador has been advised to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets b [...]
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) a [...]
El Salvador’s Bitcoin purchase information can’t be made public: Trustee
Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country [...]
El Salvador’s Bitcoin Experience ‘Doesn’t Hurt My Company at All’
He added, "Someone asked my help in conjunction with my opinion on bitcoin. I've been in this industry for close to 10 years and I've helped people th [...]
El Salvador’s pro-Bitcoin president Nayib Bukele announces reelection bid
In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term en [...]
El Salvador’s Bitcoin Bond Still Delayed: Bitfinex’s Paolo Ardoino
From last September to date, El Salvador has acquired 2,301 bitcoins for roughly $103.9 million, according to announcements compiled from Bukele. Thos [...]