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El Salvador doubles down on Bitcoin, defies IMF concerns
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset. On Oct. 4, Juan […]
El Salvador’s 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 […]
El Salvador launches Bitcoin training for 80,000 public servants
El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now […]
El Salvador’s Bitcoin City port transformation secures $1.6 billion investment
El Salvador President Nayib Bukele announced that Turkish company Yilport Holdings will invest $1.6 billion—the largest private investment in the nation’s history—to upgrade two ports, including one in the home […]
IMF acknowledges progress in El Salvador’s Bitcoin strategy
The International Monetary Fund (IMF) conceded that the potential risks tied to El Salvador’s adoption of Bitcoin as legal tender have not materialized. On Aug. 6, the financial regulator’s team, […]
El Salvador proposes crypto trade with Russia amid sanctions pushback
El Salvador has reportedly suggested using digital assets like Bitcoin for trade with Russia to circumvent the extensive economic sanctions imposed on Moscow. Alexander Ilyukhin, Russia’s first secretary at the Nicaraguan […]
Bitfinex issues tokenized debt for El Salvador’s first hotel funded via blockchain
Bitfinex Securities is issuing a tokenized debt offering to fund the construction of a new Hampton by Hilton hotel at El Salvador International Airport, according to an April 11 statement […]
El Salvador receives Bitcoin donation after revealing on-chain address
El Salvador received Bitcoin donations after President Nayib Bukele shared the Central American country’s digital wallet address with the public. In a March 14 post on social media platform X […]
President Bukele champions El Salvador’s multiple Bitcoin revenue streams
Nayyib Bukele, the President of El Salvador, revealed that the Central American nation generates multiple Bitcoin revenues from various channels alongside its BTC holdings. In a Mar 11. post on […]