Honduran special economic zone adopts Bitcoin as legal tenderIn Honduras, the Central Bank has said it cannot vouch for cryptocurrency transactions.
08 Apr, 2022, 08.18 AM IST
El Salvador turns to Binance for help on Bitcoin adoptionThe country's adoption of bitcoin has been beset by public skepticism about the cryptocurrency, which has depreciated substantially since h...
24 Mar, 2022, 07.22 AM IST
El Salvador postpones bitcoin bond issue, expects better conditionsThe launch could be postponed until September as bitcoin has swooned since hitting a record high above $67,500 in early November. It lost a...
23 Mar, 2022, 07.51 AM IST
Driving to Bitcoin City: El Salvador drafts 20 bills for Bitcoin bondsEl Salvador’s government will establish the legal and financial framework for Volcano Bonds, a $1 billion Bitcoin bond issue
06 Jan, 2022, 02.24 PM IST
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market?With Bitcoin City, El Salvador plans to usher in a new era of digital education, sustainable energy reserves, and green mining. When the ci...
02 Dec, 2021, 06.09 PM IST
IMF recommends El Salvador not use Bitcoin as legal tenderThe IMF statement came only two days after President Nayib Bukele announced El Salvador was planning to build the world's first "bitcoin ci...
24 Nov, 2021, 07.06 AM IST
Explained: All about El Salvador's volcano-powered bitcoin bondHalf of the $1 billion sum would be converted to bitcoin and the other half used for infrastructure and bitcoin mining.
23 Nov, 2021, 02.45 PM IST
El Salvador plans first 'Bitcoin City', backed by bitcoin bondsSpeaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Unio...
22 Nov, 2021, 02.43 PM IST
El Salvador plans first 'Bitcoin City', backed by bitcoin bondsPresident Nayib Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any t...
22 Nov, 2021, 10.45 AM IST
El Salvador plans $1 billion in tokenised Bitcoin bondsAfter a 5 year lockup period, the government will begin to sell its Bitcoins and pay an additional dividend to investors, Mow said. He told...
21 Nov, 2021, 10.51 AM IST
El Salvador bond spreads widen sharply after reelection ruling, bitcoin moveGovernment bond spreads to comparable US Treasuries rose above 900 basis points, jumping nearly 100 bps this week alone to match the larges...
17 Sep, 2021, 08.51 AM IST
El Salvador's world-first adoption of bitcoin endures bumpy first dayThe bold experiment got off to a bumpy start when shortly after midnight, Salvadoran President Nayib Bukele complained the government-backe...
08 Sep, 2021, 10.12 AM IST
El Salvador leads world in adopting bitcoin as official currencyPresident Nayib Bukele, who has pushed for adopting the cryptocurrency, says it will help Salvadorans save about $400 million the governmen...
07 Sep, 2021, 05.37 PM IST
Pros and cons for El Salvador, the first bitcoin nationDespite Bukele's popularity, the move has been greeted with skepticism by many Salvadorans who are concerned about the cryptocurrency's vol...
07 Sep, 2021, 05.03 PM IST
Bitcoin faces biggest test as El Salvador makes it legal tenderBoth enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a significant number of people want to trans...
07 Sep, 2021, 09.56 AM IST
'We don't know it': Salvadorans fret over looming Bitcoin adoptionThe sense of unease extends beyond San Salvador's "Excuartel" market well into the Central American country of 6.4 million people that on T...
02 Sep, 2021, 10.26 AM IST
World Bank rejects El Salvador request for help on Bitcoin implementationEarlier on Wednesday, Salvadoran Finance Minister Alejandro Zelaya said the Central America country had sought technical assistance from th...
17 Jun, 2021, 08.48 AM IST