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Tag Archives: El Salvador

El Salvador’s Pro-Bitcoin President Will Seek Re-Election in 2024

The current President of El Salvador known as an outspoken bitcoin proponent – Nayib Bukele – said he will compete in the next presidential elections in 2024. Throughout his reign, El Salvador launched numerous BTC initiatives, such as turning the coin into a legal tender inside the nation’s borders. On another note, the American credit rating agency Fitch Ratings downgraded El Salvador’s Long-Term Foreign Currency Issuer Default Rating (IDR) to “CC” from “CCC.” The entity...

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Honduras Establishes “Bitcoin Valley” to Boost Tourism

Central America and bitcoin continue to be like two peas in a pod. Initially, the trend of Central America accepting and using bitcoin like it was actual money began with El Salvador in 2021. The country was the first to declare BTC legal tender and it hasn’t looked back. Now, the neighboring region of Honduras – while not going as far as to declare bitcoin money – is using the world’s number one digital currency to attract tourism through what it’s calling “Bitcoin...

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El Salvador Forced to Buy Back Its Own Bonds Following BTC Collapse

El Salvador is beginning to feel the heat in the bitcoin kitchen. The Central American nation has tried so hard to buy bitcoin and make the digital asset part of its balance sheet that things ultimately worked a little too well. Now that the currency is sinking into oblivion, El Salvador is doing all it can to protect itself and keep its economy stable as digital assets strive to make a return. El Salvador Is Trying to Buy Back Debt The nation announced it was going to...

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Sri Lanka Tells Its Citizens to Avoid Crypto

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...

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Bitfinex Is Sending More Bitcoin to El Salvador

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

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The Central African Republic Is Building Its Own Virtual Asset

The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in the footsteps of the Central American nation of El Salvador. Now, representatives for the country have announced that they are going to be creating their own digital currency that residents can use to purchase goods and services. The Central African Republic Has a Lot of...

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Nayib Bukele Just Bought Even More BTC

Not long ago, Live Bitcoin News published an article suggesting that Nayib Bukele – the bitcoin-supporting president of El Salvador – had lost his taste for crypto. He issued a tweet in response to a bitcoin-based inquiry that seemed kind of downtrodden, and many of us would understand why if that was the case. After all, the country has plunked more than $100 million into BTC, only to lose roughly 50 percent of the value initially gained due to the ongoing crypto...

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Why today is an important day for bitcoin

It has now been 7 months since El Salvador adopted bitcoin as legal tender. With this, the country was the very first in the world. Today (Tuesday May 17th) a meeting will be organised in El Salvador to transfer this knowledge to other interested countries. 44 countries will meet 44 countries will come to El Salvador to discuss various financial developments. This was reported by Nayib Bukele, the country’s president, on Twitter. Planting seeds in 44 countries. 3 days to go…#Bitcoin is...

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El Salvador Invites Over 40 Central Banks for International Event on Bitcoin

After buying the dip and adding 500 BTCs to the state coffer, El Salvador President Nayib Bukele has another surprise up his sleeves. The country is organizing an international conference of central bank representatives today, Bukele announced less than 24 hours before the event.  El Salvador’s Conference of Central Banks El Salvador will host an international bitcoin event on Monday where 44 central banks and key financial institutions have been invited, El Salvador...

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Bitcoin-Konferenz in El Salvador: 44 Teilnehmerstaaten treffen sich zum internationalen Bitcoin-Gipfel

Bitcoin City Wie der Präsident von El Salvador (Bukele) angekündigt, findet morgen Dienstag eine internationale Bitcoin-Konferenz statt. Teilnehmer aus über 44 Ländern werden erwartet – darunter viele afrikanische Staaten wie Ghana, Ägypten oder Nigeria. Themenschwerpunkt wird finanzielle Inklusion sein. Genauer gesagt die Frage, inwiefern Bitcoin hierzu einen Beitrag leisten kann. Noch immer haben viele Menschen in armen Ländern keinen Zugang zu...

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