El Salvador says it will keep buying bitcoin despite IMF warningEl Salvador will continue buying bitcoin, despite a recent IMF loan agreement suggesting a reduction in bitcoin exposure. The government re...
20 Dec, 2024, 10.33 AM IST
In El Salvador, crypto investors cheer Trump-powered Bitcoin rallyDozens of domestic and foreign 'bitcoiners' met at the Adopting Bitcoin conference just outside the Salvadoran capital, with the Central Am...
16 Nov, 2024, 08.28 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
Bit by bit from El Salvador? Not quiteOne attraction that bitcoin holds for El Salvador President Nayib Bukele is that the country receives remittances from El Salvadorans abroa...
08 Sep, 2021, 11.41 PM IST
View: Did Bitcoin’s El Salvador debut dud doom crypto?Success in El Salvador may invite imitation and could prompt multinational companies such as McDonald’s Corp., for example, to build out ro...
08 Sep, 2021, 09.23 PM IST
Bitcoin bruised after chaotic debut as legal tender in El SalvadorBitcoin last traded at $46,560, having endured wild trade the day before in which it hit a near four-month high of $52,956 before plunging ...
08 Sep, 2021, 01.36 PM IST
A glimpse under the hood of El Salvador's bitcoin experimentPresident Nayib Bukele said bitcoin will be optional in the poor, dollarized country but that using it will eliminate commissions Salvadora...
08 Sep, 2021, 11.33 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
A glimpse under the hood of El Salvador's bitcoin experimentPresident Nayib Bukele, who has championed the initiative, said the digital currency will be optional in the poor, dollarized country but t...
08 Sep, 2021, 08.56 AM IST
El Salvador’s adoption of Bitcoin is off to a rocky startThe country is the first to use Bitcoin as an official currency, encouraging businesses and citizens to use it in everyday transactions, an...
08 Sep, 2021, 07.29 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
Salvadoran Bitcoin users to get $30 from government: PresidentAccording to World Bank data, El Salvador received more than $5.9 billion in 2020 from nationals living abroad.
25 Jun, 2021, 08.56 PM IST
IMF sees legal, economic issues with El Salvador Bitcoin moveEl Salvador's law means bitcoin will have equal footing with the dollar, which became its official currency 20 years ago.
10 Jun, 2021, 08.51 PM IST
What El Salvador's bitcoin push means for the cryptocurrencyEl Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its potential u...
10 Jun, 2021, 06.08 PM IST
El Salvador president wants Bitcoin as legal tenderRiding his high popularity and his party's dominance performance in Feb. 28 elections, Bukele has concentrated power. His party's supermajo...
06 Jun, 2021, 11.43 AM IST