El Salvador Financial News
25.03 / 17:19
business
Blockchain
Adoption
Bitcoin
Vanuatu Prime Minister says yes to Satoshi Island crypto project
It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC).
25.03 / 12:35
Adoption
Social Media
Bitcoin
Bitcoin Royalty Flock to Bukele’s Court as President Talks of ‘Short Delay’ to BTC Bonds
El Salvador’s President Nayib Bukele is playing host to a dazzling array of international bitcoiners – while also taking the time to “flex” on American Senators on Twitter.
25.03 / 05:43
Binance
Bitfinex
Blockstream
Bitcoin
Bukele
President Bukele hits out at Bitcoin Bond 'FUD' as CZ jets in to El Salvador
El Salvador President Nayib Bukele took to Twitter on Wednesday evening, hitting out at a Reuters report claiming Binance CEO Changpeng Zhao (CZ) was flying in to save El Salvador’s Bitcoin Bond.
24.03 / 20:05
Blockchain
Binance
coinbase
Bitcoin
regulatory
Another Regulatory Challenge for DeFi, El Salvador Seeks Help from Binance + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
24.03 / 18:19
Government
Twitter
Congress
Bukele
committee
NOT
‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee
El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to a full Senate vote. The 40-year old national leader responded emotionally on Twitter:
24.03 / 17:23
Adoption
Bitcoin
Malaysian deputy finance minister responds to proposal to legalize Bitcoin
An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister.
24.03 / 14:13
Binance
Bitcoin
El Salvador Turns To Crypto Exchange Binance For Help On Bitcoin Adoption
El Salvador's adoption of bitcoin has been beset by public skepticism about the cryptocurrency.
24.03 / 12:13
markets
Stablecoin
Bitcoin
BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
Bitcoin (BTC) returned to $43,000 on March 24 as new purchases by Blockchain protocol Terra fuelled optimism.
24.03 / 10:57
Bitcoin news
crypto news
Bitcoin
El Salvador turns to Binance for help on Bitcoin adoption
El Salvador is seeking support from cryptocurrency exchange Binance for its implementation of bitcoin as legal tender and the issuance of bitcoin bonds, the Central American country's ambassador to the United States said on Wednesday. Binance Chief Executive Officer Changpeng Zhao is visiting El Salvador and plans to meet President Nayib Bukele on Thursday, ambassador Milena Mayorga told reporters. Mayorga said Zhao's visit was a vote of confidence in Bukele's decision to adopt bitcoin as legal tender last September, as well as its plan to issue bitcoin-backed bonds.
24.03 / 04:59
Dogecoin
cryptocurrency
Cardano
Bitcoin
Top cryptocurrency prices today: Bitcoin, Dogecoin, Polkadot, Cardano jump up to 7%; Avalanche drops 5%
Polkadot and Cardano leading the gainers in the last 24 hours. Bitcoin, the largest crypto by market value, was trading 1.07 per cent higher at $42,366. It is up 3.58 per cent in the last seven sessions. Ethereum edged 0.3 per cent higher at $2,978.58. The second largest cryptocurrency by market value has risen 11 per cent in the last one week. BNB added 0.72 per cent, USD Coin gained 0.02 per cent while XRP declined 1.95 per cent. Terra also fell 1.68 per cent to $93.42.
24.03 / 04:59
Bitcoin news
crypto news
Bitcoin
El Salvador postpones bitcoin bond issue, expects better conditions
The Central American government had scheduled the launch of the $1 billion bond between 15-20 March, but the war between Russia and Ukraine and volatility of the cryptocurrency prompted authorities to change the date. The launch could be postponed until September as bitcoin has swooned since hitting a record high above $67,500 in early November. It lost almost half its value by Jan. 22, and traded at $42,609 on Tuesday, according to Refinitiv Eikon data.
24.03 / 01:49
Latin America
Central Bank
Bitcoin
NOT
Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors
The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.
23.03 / 17:25
business
Government
Adoption
Bitcoin
‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications
Step aside, El Salvador, there’s a new Bitcoin-centric destination on the map. As a 32-million-square-foot private island sanctuary in the remote South Pacific, Satoshi Island is a “place for the crypto community to call home.”
23.03 / 12:51
business
Government
Adoption
Bitcoin
El Salvador postpones Bitcoin bonds to September: Report
The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis.
23.03 / 12:23
Adoption
Investing
Bitcoin
El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
El Salvador could push its bitcoin (BTC) bond issuance back as far as September, the nation’s Finance Minister Alejandro Zelaya has admitted – but a more imminent issuance is still on the table.
23.03 / 10:23
cryptocurrency
Bitcoin
Backed
El Salvador Postpones Bitcoin-Backed Bond Issue, Expects Better Situation
El Salvador became the first country in the world to adopt bitcoin as legal tender last year.
23.03 / 07:33
Ethereum
cryptocurrency
Bitcoin
Cryptocurrency Prices Today on March 23: Bitcoin, Ethereum gain, cryptocurrency market trades in green
The global cryptocurrency market-capitalisation dipped 0.34 percent over the last 24 hours to stand at $1.91 trillion. Trading volumes also fell by 20.02 percent to $76.54 billion during this period.
22.03 / 12:53
Adoption
Europe
Bitcoin
Panama Eyes Bitcoin & Crypto to Spark Tech Investment
Bitcoin (BTC) and crypto adoption on a state level may soon extend beyond El Salvador, with politicians elsewhere in the Americas – and even one European royal – mulling moves that could see the cryptocurrency brought into their financial systems in some form or other.
21.03 / 21:09
Adoption
Investing
Bitcoin
tracking
‘Developing Economies’ Tracking El Salvador’s Bitcoin Moves with Interest
Conventional financial managers are still skeptical about El Salvador’s prospects of launching a new economic paradigm on the back of a forthcoming bitcoin (BTC) bond issuance. But other nations may be looking to the Central American nation with keen interest – hopeful of following suit if El Salvador’s move to adopt BTC as legal tender last year pays dividends.In a report from the Financial Times, Kevin Daly, a portfolio manager at the investment company Abrdn, was quoted as stating that “much to our surprise,” the Salvadoran finance minister Alejandro Zelaya had “said he had demand for up to USD 1.5bn for the bitcoin bonds” – which will be used to construct a new tax-free haven for international crypto advocates and pioneers.
21.03 / 20:41
21.03 / 19:31
BTC
Citizens
Dreams
Bitcoin
Bukele
saga
Dispiriting saga of BTC and Bukele as El Salvador struggles with crypto adoption
The first country to officially adopt Bitcoin as a legal tender, El Salvador, is seeing its crypto dreams shatter in pieces. A recent survey by the Chamber of Commerce and Industry of El Salvador found some intriguing results.
latest developments in El Salvador
What is the current situation in El Salvador?
In El Salvador, the spotlight is on socially significant developments that spark public discussion.
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The news landscape of El Salvador is shaped by the region’s internal dynamics, reflecting its unique context.
