The president of El Salvador, Nayib Bukele, announced at the end of last December the end of the use of Bitcoin as official currency. The measure was imposed by the International Monetary Fund after reaching an agreement to grant the Central American country a loan for $1.4 billion.
As is known,…
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Nayib Bukele
El Salvador celebrates $31 million profits from Bitcoin
El Salvador announced three years ago the adoption of Bitcoin as legal tender in the country. Currently, it reports profits of $31 million amid criticism.
The exact date when El Salvador became the first country in the world to adopt BTC…
El Salvador will reach a 4 % economic growth driven by Bitcoin
El Salvador's economic growth projection for the remainder of 2024 was estimated at 4 %, leveraged by Bitcoin, according to the Central Reserve Bank.
Legal tender cryptocurrencies in the Central American nation join tourism and private…
Bukele proposes creating private Bitcoin investment banks
Nayib Bukele, president of El Salvador, submitted to the national assembly the proposal to create private investment banks (BIP) that can offer services in both dollars and Bitcoin.
This is a new step by the president, a cryptocurrency…
El Salvador has mined 474 Bitcoins with energy from the Tecapa volcano
Renewable energy is used in El Salvador for Bitcoin mining. The Central American country uses the energy of the Tecapa volcano in this activity, and has already managed to mine 474 bitcoin, which is equivalent to about 29 million dollars.…
El Salvador approves reforms to the Constitution
The Parliament of El Salvador approved on Monday, April 29, changes to an article of the current Constitution, which clears the way to facilitate constitutional reforms.
The request was presented by the ruling party, which is the majority…
Google inaugurated its new headquarters in El Salvador
This Monday the technology company Google inaugurated its new headquarters in El Salvador, with the attendance of President Nayib Bukele, Eduardo López, president of Google Cloud for Latin America and other personalities.
With the opening…
El Salvador will not sell its bitcoin reserves
El Salvador's president, Nayib Bukele, declared on his Twitter account that his country will not sell the alleged reserves of bitcoin it owns, even though its value has exceeded $60,000.
In his words: "We will not sell, of course, in the…
Bukele declared himself the winner of the presidential elections
President Nayib Bukele of El Salvador declared himself the winner of the country's presidential election. According to its own figures, it would have obtained more than 85 % of the votes in the preliminary ballot of the Supreme Electoral…
El Salvador’s bitcoin bonds were approved
El Salvador's long-awaited Bitcoin bonds, also known as "Volcano Bonds", have received regulatory approval and are scheduled for launch in early 2024.
El Salvador’s Digital Assets Commission gave the green light to Volcano Bond, according…
Inflation in El Salvador remains above 3 %
The Central Reserve Bank (BCTR) of El Salvador revealed data on the country's interannual inflation rate, which remains above 3 % for the fourth consecutive month.
According to the regulatory body of the Central American country, in…
Bukele signs agreement with Google for operations in El Salvador
Nayib Bukele, President of El Salvador, announced that Google has plans to establish an office in the country, in addition to signing a strategic agreement with Google Cloud.
Undoubtedly, the rapprochement between the Central American…