Tether, the issuing company of the popular USDT stablecoin, reported that it plans to move the company’s headquarters and subsidiaries to El Salvador after having obtained permits to operate in the Central American nation. In release Published on its official site this January 13, Tether announced the steps it plans to take, after obtaining the … Read more
The Central American country attracts American tourists in droves, many with bitcoin. The Spanish bank sees tourism as the driver of sustained economic growth. Banco Santander mentioned the crucial role that bitcoin plays in El Salvador’s recent tourism boom. According to an analysis by Santander US Capital Markets LLC, tourist flows to the Central American … Read more
If there is a massive sell-off, it is likely that there will be an impact on the price of BTC. Bitcoiner Samson Mow downplays Silk Road’s potential BTC sale. The president of El Salvador, Nayib Bukele, reacted to the news that the United States Department of Justice (DOJ) already has the green light to put … Read more
The exchange wants to provide innovative solutions “to the underserved regions of Latin America.” Several Bitfinex businesses have already moved to El Salvador. Bitfinex Derivatives, the arm of the cryptocurrency exchange dedicated to the financial derivatives sector, announced that it will move its headquarters to El Salvador. This move comes after the company received a … Read more
Despite the improvement, El Salvador’s debt levels remain high, according to Fitch. The improvement in the rating reflects the reduction in financing needs. The risk rating agency Fitch Ratings announced this Tuesday, January 7, that it improved the rating of El Salvador, moving it from CCC+ to B-, as a result of the agreement reached … Read more
The Central American nation saves in BTC thinking about its economic growth. They propose bitcoin reserves in Hong Kong, ahead of China. The People’s Bank of China (PBOC) has stressed the need for regulation for the bitcoin (BTC) sector and other cryptocurrencies. This happens just a week after representatives of that Asian country met with … Read more
2024 was a year of success and good news, which ended with a couple of setbacks. In 2025 we will see more opening of the institutional world, with attempts at centralization. A year of success As this and other media have commented several times, 2024 was a pivotal year for the legitimacy of Bitcoin in … Read more
With the price of bitcoin (BTC) hovering around USD 95,000, unrealized profits from bitcoin held by the government of El Salvador are estimated at more than 108%, according to statistics presented on the Nayib Bukele Portfolio Tracker site. . The data of the tracker -and that confirm in the Bitcoin Mempool – keep track of … Read more
As a way to continue El Salvador’s bitcoiner strategy, President Nayib Bukele would have among his plans for 2025 that there be a Bitcoin node in every home. The president’s plan was exhibited in X by Max Keizer, the American bitcoiner who lives in El Salvador and who, together with his wife Stacy Herbert, advises … Read more
Nayib Bukele, president of El Salvador, made a publication on his personal X account to confirm that his government continues with the strategy of daily bitcoin (BTC) purchases. The post is given after the criticism that Bukele received for the agreement that closed El Salvador with the International Monetary Fund (IMF) to receive a loan … Read more