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Tag Archives: El Salvador

This is How Much Bitcoin (BTC) El Salvador Has Mined Using Volcanic Energy: Report

Since 2021 when El Salvador began validating Bitcoin blocks with volcanic energy, the Central American country has mined 474 BTC worth approximately $29.6 million at current prices. According to a Reuters report, El Salvador mined the cryptocurrencies using a geothermal power plant fueled by the Tecapa volcano in the nation’s east central region. El Salvador Mines 474 BTC With Volcano The energy generated from the Tecapa volcano is relatively small, but it powers 300 mining...

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El Salvador’s Bitcoin HODL Strategy Pays Off as Nation Sees 55% Profit

El Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. The country initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. El Salvador Boasts Huge Bitcoin Profit President Nayib Bukele’s Bitcoin strategy was questioned after its value dropped from $69,000 in November 2021 to $16,000 a...

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Bitcoin El Salvador: Nayib Buekele mit 85 % der Stimmen wiedergewählt

San Salvador – Nayib Bukele, der 42-jährige Präsident von El Salvador, wurde mit einem Erdrutschsieg wiedergewählt worden. Im Anschluss rühmte er sich, dass das mittelamerikanische Land mit demokratischen Mitteln ein Einparteiensystem errichtet habe. Zudem sei der Sieg mit 85% der Stimmen einzigartig und ein neuer Rekord in der Welt der Demokratie, so der wiedergewählte Präsident: De acuerdo a nuestros números, hemos ganado la elección presidencial con más del 85% de los votos y un mínimo de...

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Bitcoiner Nayib Bukele Re-Elected as El Salvador’s President

Results released so far show that El Salvador’s incumbent President Nayib Bukele marked a landslide victory, indicating that he could be re-elected for a second term. Bukele’s administration cracked down on gang violence in El Salvador and made history with the adoption of Bitcoin as a legal tender in the country. Another Five Years for President Nayib Bukele In an X post, Bukele declared himself the winner of the Presidential election, which was held on Feb. 4, 2024....

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Bitfinex Unveils Securities Platform in El Salvador

Bitfinex, one of the oldest cryptocurrency exchanges, has announced the launch of a securities trading platform in El Salvador, the first country to recognize bitcoin (BTC) as legal tender. According to a press release seen by CryptoPotato, Bitfinex Securities El Salvador will be the Central American country’s first registered and licensed digital assets service provider. Bitfinex Securities Platform Launches in El Salvador Bitfinex Securities El Salvador is currently...

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El Salvador’s Bitcoin Adoption Drops Significantly: Survey Reveals a 12% Usage Rate in 2023

El Salvador made history by becoming the first nation to embrace Bitcoin as a legal tender more than two years ago. Although the country’s financial outlook has seen positive developments, a recent study carried out by José Simeón Cañas Central American University unveiled a mixed sentiment regarding the correlation between the adoption of Bitcoin and perceived improvements in personal well-being. Mixed Feelings According to the survey, 12% of the local population in El...

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El Salvador und Bitcoin: Ein Pionier in der Welt der Kryptowährungen

Im Jahr 2021 machte El Salvador Geschichte, indem es das erste Land der Welt wurde, das Bitcoin, die bekannteste Kryptowährung, als gesetzliches Zahlungsmittel akzeptierte. Diese bemerkenswerte Entscheidung markierte einen signifikanten Moment in der globalen Finanzlandschaft und signalisierte einen möglichen Wendepunkt in der Art und Weise, wie Nationen Kryptowährungen betrachten. Hintergrund El Salvador ist ein kleines Land in Zentralamerika, bekannt für seine reiche Kultur und...

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El Salvador’s New Citizenship-by-Investment Program Requires $1M BTC or USDT Investment

The government of El Salvador has teamed up with stablecoin issuer Tether to launch the “Adopting El Salvador Freedom Visa Program,” designed to benefit the economy, the culture, and the people of the nation. This new citizenship-by-investment initiative offers a residency visa and a route to citizenship for 1,000 individuals who are prepared to make a significant $1 million investment in Bitcoin within the country. El Salvador’s Citizenship Program Applicants are required to...

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Miss El Salvador Reps Nation’s Bitcoin Miners With Volcanic Goddess Costume

The 2023 Miss Universe pageant’s preliminary costume contest kicked off on Thursday – and Miss El Salvador’s outfit proved to be a hometown hit. The contestant donned a “volcanic empowerment costume” reminiscent of the nation’s signature volcanoes, which are being leveraged by the government to mine Bitcoin (BTC). El Salvador and Volcanic Empowerment As she took the stage, this year’s Miss El Salvador – Isabella García-Manzo – was welcomed by the San Salvador crowd with...

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Nayib Bukele Runs for Reelection as VanEck Touts El Salvador Bitcoin Model

It’s official. Nayib Bukele will be running for another term as El Salvador’s President next year. The popular reformer, anti-violence crusader, and Bitcoin advocate needed an election tribunal’s go-ahead to run again. Tribunal Greenlights Bukele Reelection Bid Under El Salvador’s constitution, a President is limited to a 5-year term. Moreover, consecutive terms are also banned under the nation’s constitution. A go-ahead from a special Supreme Electoral Tribunal, however, has...

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