EL SALVADOR
El Salvador Scoops 410 BTC as the Coin Slumps to a 5-Month Low
El Salvador President Nayib Bukele announced the country has acquired another 410 Bitcoins for just $15 million amid the ongoing Bitcoin dip.
El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts
With the crypto market witnessing massive liquidations affecting retail and institutional investors, El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg.
El Salvador Eyes Issuance of Bitcoin Bonds Through Raft of Legislation
The issuance of a Bitcoin bond worth $1 billion is deemed as a stepping stone towards enhancing financial freedom and innovation in El Salvador.
Bitcoin will Reach $100K in 2022: Nayib Bukele Predicts
El Salvador President Nayib Bukele released on his official Twitter on January 2 his bullish forecasts for bitcoin in 2022. Among them, Nayib Bukele believes that the bitcoin price will reach a high of $100k in 2022.
Crypto Review 2021: Full of Uncertainty and Volatility
Before the end of 2021, Blockchain.News summaries serval key events and milestones that the crypto sector has witnessed this year.
El Salvador Buys 21 BTC To Mark Special Day
Central American nation El Salvador purchased 21 Bitcoins (BTC) on December 21, 2021, to mark the 21st day of the 21st year of the 21st century.
El Salvador Buys the Dip for another 150 Bitcoins
Despite missing the bottom by seven minutes, President Nayib Bukele of El Salvador announced that the Central American nation still bought 150 new Bitcoins at the $48K level.
El Salvador Buys the Dip by Adding 100 Bitcoin to its Portfolio
After slipping to lows of $54,000, a scenario not seen in the last six weeks, El Salvador saw this as a perfect opportunity to buy the dip for additional 100 BTCs.
IMF Warns of Economic Instability in El Salvador Owing to Broad BTC Adoption
The International Monetary Fund has expressed its scepticism about the role of Bitcoin in helping El Salvador to maintain financial stability.
El Salvador to Build the World's First Bitcoin City, Funded by Bitcoin Bonds
El Salvador’s President, Nayib Bukele has unveiled the country’s plans to build the first fully functional Bitcoin city, a project that is billed to be funded by a Bitcoin-backed, government-issued bond.
Bitcoin Wallets Surpass Bank Accounts in El Salvador, says President Bukele
El Salvador has been making significant strides in the crypto space ever since, with the latest being Bitcoin wallets dwarfing bank accounts in the nation.
El Salvador Plans to Build 20 New Schools by Using Bitcoin Profits
El Salvador has started reaping from its Bitcoin investment because profits have started being channeled towards infrastructural development.
El Salvador Buys Another 420 Bitcoins, Worth $25 Million for National Reserve
El Salvador, famous for its Bitcoin adoption recently, has revealed that it made additional investments, purchasing about $25 million dollars’ worth of Bitcoin on Wednesday.
El Salvador’s Digital Bitcoin Wallet Chivo Removes Key Pricing Feature
El Salvador’s digital Bitcoin wallet Chivo removed a pricing feature that allows users to make quick profits on trades, siting efforts to increase the crackdown on speculation involving the world’s biggest cryptocurrency.
Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.