El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the country’s commitment to integrating cryptocurrency into its
El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻
It has been three years since El Salvador officially recognized Bitcoin as legal money, and now the nation is commemorating the occasion with a celebration. Three years ago, on September 7, 2021, El Salvador became the first nation in the world to accept Bitcoin as legal cash. The goal was
After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin
El Salvador, under the leadership of President Nayib Bukele, has continued to make changes in the crypto world with its commitment to Bitcoin. Since November 2022, the country has been purchasing one BTC every day as part of its “1 Bitcoin a Day” program. This initiative will continue until Bitcoin
The announcement of a $1.6 billion investment in Bitcoin City in El Salvador has sparked renewed interest in cryptocurrency. Yilport Holdings, a Turkish firm, would put $1.6 billion into the Acajutla and La Union ports—the latter of which will house the Bitcoin City. Crypto enthusiasts have dubbed the port construction
Jack Dorsey-backed Bitcoin mining pool Ocean has launched a “global hub” in El Salvador via its new entity. According to the X post, the new venture, Ocean Mining S.A. de C.V., headquartered in San Salvador, aims to leverage the favorable regulatory environment in El Salvador to expand its operations and
El Salvador’s president, Nayib Bukele, and ARK Invest CEO, Cathie Wood, are working together to investigate how Bitcoin (BTC) may improve El Salvador’s financial markets and encourage innovation in technology. Joining forces like this might help El Salvador attract investors from across the world and boost its economy as it
El Salvador continues to solidify its position as a leading Bitcoin-centric nation, showcasing impressive strides in both Bitcoin mining and green energy initiatives. Recent reports indicate that the country has significantly bolstered its Bitcoin reserves, with the latest figures revealing a substantial increase. According to records, El Salvador has mined
The Central American nation of El Salvador, led by President Nayib Bukele, has ramped up its cryptocurrency reserves by transferring a staggering $400 million worth of Bitcoin (BTC) into a cold wallet. This significant maneuver, described by Bukele as “a big chunk,” marks a notable milestone in the country’s ongoing
