El Salvador Archives - cryptosignals.org

December 21, 2024

El Salvador Adds 11 More Bitcoin to Reserve After IMF Deal

El Salvador, a Central American country, has added 11 Bitcoin to its national BTC reserves after reaching a $1.4 billion funding accord with the International Monetary Fund (IMF). The agreement contains limitations that keep Bitcoin’s legal tender status while limiting government intervention...

#BITCOIN #Blog post #Crypto investment #El Salvador

December 12, 2023

El Salvador ‘Volcano Bonds’ Set to Erupt in Q1 2024 After Regulatory Nod

The groundbreaking move by El Salvador into the world of cryptocurrencies continues with the eagerly awaited approval of its bitcoin-backed bonds, named “Volcano bonds.” Today, the National Bitcoin Office confirmed the regulatory green light from the Digital Assets Commission (CNAD), pa...

#BITCOIN #CRYPTOCURRENCY #El Salvador #NEWS

December 04, 2023

Bitcoin Hits $42,000, MicroStrategy and El Salvador Celebrate Profits

In a remarkable surge, Bitcoin (BTC) catapulted to a new high, surpassing $42,000 on Monday, marking levels unseen since April 2022. MicroStrategy (MSTR), a key player in Bitcoin holdings, witnessed a boon as the value of its 174,530 bitcoins soared over $2 billion with the cryptocurrency’s s...

#BITCOIN #CRYPTOCURRENCY #El Salvador #MicroStrategy #NEWS

August 09, 2023

Binance Secures Licenses to Operate in El Salvador

Binance, the world’s largest cryptocurrency exchange by trading volume, has received two licenses to offer its services in El Salvador, the first country to adopt Bitcoin as legal tender. The licenses will allow Binance to provide tailor-made products and services to Salvadorans, who can now ...

#Binance #CRYPTOCURRENCY #El Salvador #NEWS #Regulation

November 17, 2022

El Salvador to Buy One Bitcoin per Day: Bukele

El Salvador will start buying one Bitcoin (BTC) each day starting November 18, according to a tweet from the country’s president, Nayib Bukele. Although some analysts think Bitcoin’s price may decline further before reaching a bottom, the asset has already lost 75% of its value since re...

#BITCOIN #BTC #CRYPTOCURRENCY #El Salvador #NEWS

July 13, 2021

Bitcoin Legalization in El Salvador an Ill Move: JP Morgan

Following the legitimization of Bitcoin (BTC) as a legal tender in El Salvador, JP Morgan & Chase Co.’s Latin American research team published a report termed “The Bitcoinization of El Salvador,” which highlighted some of the pitfalls of the undertaking. The lead analyst on the JPM team who aut...

#BITCOIN #BTC #CRYPTOCURRENCY #El Salvador #JPMorgan #NEWS

June 17, 2021

Bitcoin Falls Amid Opposition from World Bank on El Salvador BTC Adoption

The World Bank has stated that it would not assist El Salvador in implementing Bitcoin as a recognized legal tender due to environmental and transparency concerns. In an interview with Reuters, a World Bank spokesperson noted that the institution’s commitment to assist El Salvador in implemen...

#BITCOIN #BTC #CRYPTOCURRENCY #El Salvador #NEWS