The president of El Salvador, Nayib Bukele, reacted to the recent bitcoin (BTC) rally that took its price to touch USD 90,000, publishing on X: “I told you so.” This comment came after BTC rose more than 10% on Monday, November 11, increasing its value from more than USD 81,000 to about USD 89,900, which … Read more
With the price of bitcoin (BTC) above USD 80,000, unrealized profits from the bitcoins held by the government of El Salvador are estimated at 85%, according to statistics presented on the Nayib Bukele Portfolio Tracker site. . The data of the tracker They keep a record of all purchases made by the government since the … Read more
According to Node Nation, an educational program that operates in El Salvador, for the fifth and last time in 2024 a Bitcoin node was installed by primary school children. The same kids are mining bitcoin with a Bitaxe machine. It happened in a public school in El Salvador. Those responsible for the initiative are the … Read more
The document was also published by the Sorbonne University in France. Now the Central American country attracts peace and tourism with bitcoin. A recent study by Harvard University highlights the transformation that El Salvador is experiencing, as a country that was known as the “homicide capital of the world” to adopt a new role as … Read more
According to the most recent survey carried out among the population of El Salvador, almost 8% of citizens said they use bitcoin (BTC) for their daily transactions. A percentage that represents a drop in the interest of the citizens of that country in the cryptocurrency since it was declared legal tender in 2021. This is … Read more
Following the launch of the bond buyback of El Salvador’s external debt, announced last Friday by President Nayib Bukele, Santander Corporate & Investment Banking, the business division of the Spanish bank Santander, described the offer as “very ambitious.” In a report titled “El Salvador: willingness to pay” that was shared by Bukele in Xanalysts at … Read more
Offers may be applied to bonds with a maturity date between 2027 and 2052. This is a public and voluntary buyback, highlighted the Salvadoran head of state. El Salvador announced that from October 4 to October 10, holders of El Salvador bonds, with maturities between 2027 and 2052, will be able to make offers to … Read more
“I am pleased to announce that the National Assembly has approved crucial changes to the law of the National Commission for Digital Assets (CNDA), granting us the power to regulate bitcoin (BTC) companies in our country,” as stated yesterday, Juan Carlos Reyes, president of that commission from El Salvador. Therefore, the CNAD will from now … Read more
IMF spokesperson Julie Kozack calls for reducing public sector exposure to bitcoin. The organization considers the 2025 budget proposal to be “a good step.” When everything seemed to indicate that the International Monetary Fund (IMF) and Nayib Bukele’s government had ironed out differences in relation to the adoption of bitcoin (BTC) in El Salvador, there … Read more
The negotiations with the IMF are based on the preliminary agreements approved in August. The government is not considering increasing or creating new taxes, as the agency suggests. After having announced the amount of the approved budget for 2025, which according to President Nayib Bukele’s statements will be completely self-financed, negotiations with the National Monetary … Read more