Thu, November 21

El Salvador  President Engages with Elon Musk on AI and Technology

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

September 21, 2024 2 mins read

El Salvador Surpasses 5,800 BTC in Daily Bitcoin Accumulation 

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. 🇸🇻

September 12, 2024 2 mins read

El Salvador President Calls Bitcoin Adoption a Net Positive

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

August 30, 2024 2 mins read

El Salvador Acquires $355M Due to Daily BTC Buying Commitment 

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

August 23, 2024 2 mins read

El Salvador Secures $1.6B Investment for Bitcoin City Port Infrastructure

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

August 13, 2024 2 mins read

Jack Dorsey’s Ocean Mining Launches Global Hub in El Salvador

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

May 30, 2024 1 min read

El Salvador Mines $29 Million in Bitcoin with Volcano Energy

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

May 15, 2024 2 mins read

El Salvador Drops Income Taxes on Foreign Investments

President Nayib Bukele of bitcoin-friendly El Salvador has done away with income taxes on foreign investments entering the country. Bukele stated in a post on X: “Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%,”  Since September 2021, when

March 13, 2024 2 mins read

BTC Falls Below $43K Despite Bitcoin ETF Momentum

Despite Bitcoin’s (BTC) attempts to breach the $43,500 resistance level, it faced challenges in extending its gains, slipping below $42,800 in recent trading sessions. At the time of writing, Bitcoin was trading at $42,701, with a slight decline of 0.57% in the last 24 hours. In contrast, BlackRock and Fidelity’s

February 5, 2024 2 mins read

El Salvador’s President Nayib Bukele Steps Down Amidst Upcoming Re-election

Nayib Bukele, the president of El Salvador, has resigned from office to run for office again. He was the driving force behind the bill that made Bitcoin legal money in El Salvador. After receiving the green light from El Salvador’s legislative assembly, Bukele stepped down as president on December 1st.

December 2, 2023 1 min read