El Salvador’s Bitcoin Experiment Yields $31M Profit in 3 Years
El Salvador is marking the third anniversary of its decision to adopt Bitcoin as legal tender. The country's pioneering move has sparked debate and discussion about…
Browsing Tag
El Salvador
El Salvador Becoming Bitcoiners’ New Home
El Salvador, the small Central American nation that made headlines by adopting Bitcoin as legal tender in 2021, is increasingly being viewed as a refuge for…
El Salvador plans to construct a 241 MW power plant for Bitcoin mining
Tether invests in El Salvador’s $1B renewable energy project. Read this full report
El Salvador now is setting up a “Bitcoin Embassy” in Texas
In a recent blog post, El Salvador's ambassador to the United States, Milena Mayorga, discussed the possibility of establishing a "Bitcoin Embassy" in Texas with…
IMF believes El Salvador’s bitcoin risks have not materialised
Following its annual visit, the IMF said that the dangers associated with El Salvador's acceptance of bitcoin "had not materialized," although caution is advised.
…
El Salvador’s historic crypto legislation will allow for Bitcoin-backed bonds
The legal basis for all digital assets will be established and a regulatory body will be established under the "Digital Asset Issuance" Act.The projected…
A billionaire predicts that El Salvador will soon be among the world’s wealthiest…
Tim Draper, a venture entrepreneur, predicts that El Salvador, now one of the world's poorest nations, will become one of the world's wealthiest thanks to Bitcoin…
El Salvador Mocks Crypto Skeptics and Vows to Continue Purchasing Bitcoin
El Salvador's president, Nayib Bukele, declared on November 18 that the nation will begin daily Bitcoin purchases and compared the collapse of FTX to a Ponzi scam.
…
The First Annual Bitcoin Day in El Salvador
El Salvador, the smallest and most populated country in Central America was the first country to recognize Bitcoin as legal cash yearly ago today.Jack Mallers,…
El Salvador acquired 500 more bitcoins during the dip
El Salvador's president, Nayib Bukele, said that his country had purchased an additional 500 bitcoins during a time of heavy market correction in which the price of…