El Salvador Financial News

02.07 / 06:41

BTC Bitcoin Is Bitcoin really cheap at $19,000? Assessing if it could go further down

El Salvador’s president Nayib Bukele announced on 1 July that his country added 80 Bitcoin [BTC] to its balance sheet. He also noted that the purchase was made at $19,000 per BTC, a price level that he described as cheap.

01.07 / 11:53

Investing economics Bitcoin Bukele Following MicroStrategy, El Salvador's Bukele Buys Another Bitcoin Dip Too, Skeptics Chime In

After MicroStrategy's return this week, El Salvador’s President Nayib Bukele has also broken his recent silence on all things bitcoin (BTC)-related. He announced that the country has bought the latest “dip” – splashing out on BTC 80 virtual coins at a price of USD 19,000 per bitcoin.

30.06 / 03:07

Adoption Mining Bitcoin Power Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin

A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.

29.06 / 17:47

Government Blockchain Gaming Bitcoin Crypto Bull Run Bull run Governments, enterprise, gaming: Who will drive the next crypto bull run?

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.

28.06 / 11:49

business Blockchain fees Bitcoin Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K

Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors may witness another epic bull run that previously helped Bitcoin reach an all-time high of $69,000.

27.06 / 13:27

Stablecoin regulation Bitcoin Fine China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'

Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a “Ponzi scheme.”

22.06 / 00:13

Law Bitcoin Colombia's new president seems to be a fan of Bitcoin

Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies.

20.06 / 14:43

Adoption Bitcoin Bitcoin Price Bitcoin mints more than 13,000 'wholecoiners' in the past seven days

Bye-bye bear market blues; welcome to the network, Bitcoin (BTC) believers. Over the past week, the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091. The total number of “wholecoiners” surged to 865,254.

20.06 / 12:55

Adoption Bitcoin Bukele El Salvadoran Government to Back New Token, Bukele Says ‘Don’t Panic’ About Falling Bitcoin Prices

El Salvador’s government is readying another crypto move – some nine months after it officially adopted bitcoin (BTC) as legal tender.

19.06 / 14:29

Adoption Investments Bitcoin El Salvador president addresses bear market concerns with Bitcoin hopium

El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives.

19.06 / 10:43

Ethereum cryptocurrency crypto prices Bitcoin Bitcoin, ethereum slide as crypto sell-off intensifies, El Salvador President says ‘enjoy life’

There was no weekend respite for cryptocurrency markets that continued to slide, with the largest digital currency bitcoin (BTC) breaking $18,000 and ethereum (ETH) plummeting below $900.

18.06 / 08:19

cryptocurrency crypto news El Salvador's Bitcoin Journey Hits Rough Patch From The Crypto Meltdown

El Salvadors Bitcoin journey hits rough patch amid crytpo winter

17.06 / 09:25

Law AML bills guidelines President of Panama shoots down crypto bill citing FATF guidelines

Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations.

16.06 / 12:19

Government Adoption Africa Bitcoin CAR president urges citizens to understand Bitcoin to bring long-term prosperity

Despite the cryptocurrency market's prolonged bearish trend, some of its most ardent supporters have not been discouraged. This includes the president of the Central African Republic (CAR), who remains bullish on Bitcoin (BTC) and crypto.

14.06 / 17:41

Investing economics Bitcoin El Salvador’s Finance Minister ‘Laughs off’ Claims of USD 40M Bitcoin ‘Losses’

El Salvador’s Minister of Finance Alejandro Zelaya says he is “laughing off” international media reports that claim the nation’s bitcoin (BTC) adoption plans could scupper the economy and that they have left a USD 40 million hole in national finances.

14.06 / 16:41

defi Bitcoin Bitcoin Price NOT El Salvador 'has not had any losses' due to Bitcoin price dive, finance minister says

Alejandro Zelaya, the minister of finance of El Salvador, reacted to the recent media attacks on the nation’s strategy of investing in Bitcoin (BTC) by calling the allegations of fiscal risks “extremely superficial.”

14.06 / 15:43

Ethereum cryptocurrency Bitcoin Low week Bitcoin tumbles to 52-week low; El Salvador minister unperturbed

Prices of Bitcoin, the world’s largest cryptocurrency by market capitalisation, briefly slipped below $21,000, its 52-week low.

11.06 / 09:15

business Blockchain ATM Bitcoin recovery Bitcoin ecosystem makes a U-turn recovery in global ATM installations

Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.

11.06 / 00:37

Blockchain Adoption Bitcoin Here’s how blockchains are helping to advance the global energy grid

The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Governments and environmental protection advocates have routinely expressed concerns about the amount of energy required to keep the Bitcoin network secure. Data shows the network’s energy consumption now rivals the yearly energy consumed by some small countries.

10.06 / 16:01

Adoption Lightning Network lightning Bitcoin network bitcoin lightning Bitcoin Lightning Network Capacity charges through 4,000 BTC

There’s cause for celebration from the world’s largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments.

09.06 / 23:01

Stablecoin Tether Bitfinex Bitcoin Tether is ‘instrument of freedom’ and 'Bitcoin onramp,’ says Bitfinex CTO

On a sunsplashed day in the Swiss Alps, the CTO of Bitfinex and Tether, Paolo Ardoino shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and–crucially–his favorite pizza toppings.

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