El Salvador Financial News

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences...

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits President Nayib Bukele's decision to bank on bitcoin three years ago with changing his life. «Before I was unemployed… and now I have my own business,» said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Bitcoin’s recent price action has sparked interest among investors, especially as El Salvador’s ambitious $1.6 billion investment in “Bitcoin City” gains momentum.

The International Monetary Fund (IMF), on Tuesday, said that it is making progress toward reaching a consensus with El Salvador, advocating ways to mitigate Bitcoin (BTC) risks.

Argentina’s top financial regulator says crypto exchanges must apply for operating permits, in a move that will apply to both “individuals and legal entities.”

U.S. Senator Bob Menendez (Dem), known for his vocal criticism of crypto, has been found guilty of accepting bribes in exchange for leveraging his political influence.

Andy Murray has been in the headlines sometime before the run-up to Wimbledon 2024 as he was facing injury issues, after which, he decided to drop out of the men's singles draw on Tuesday. According to a previous ET report, Andy Murray was still recovering from a back injury, which led him to take this call of dropping out of Wimbledon men's singles. In his place, another player became the 'lucky loser' and qualified for the first round of Wimbledon 2024.

UnTrade recently had the honor of participating in Mempool Reload, an exclusive event organized by our esteemed accelerator partner, Applicature. Held on May 30th and 31st, 2024, at the luxurious Atlantis, The Royal in Dubai, this premier gathering was designed to foster connections, share groundbreaking insights, and explore the future of blockchain and cryptocurrency. Ideated by Ian Arden and masterfully orchestrated by Gordon Einstein as the master of ceremony, Mempool Reload brought together prominent investors, family offices, entrepreneurs, and experts from around the globe.

The US government, on Wednesday, sent seized 3,940 Bitcoins to a Coinbase prime wallet, according to blockchain data firm Arkham Intelligence.

Congressman Matt Gaetz (R-FL) has proposed a legislation to allow Americans pay their federal income tax using Bitcoin. If passed, the US Secretary of the Treasury would implement a program to allow payment of taxes using Bitcoin.

The German government has resumed selling off its seized Bitcoin assets amidst a recent dip in the cryptocurrency’s price.

This is some very bullish news for meme coins from the Wall Street Journal– an article from late May headlined, “The Loneliness of The American Worker.” The news? “More than 40% of fully remote workers polled in a 2023 survey of working parents by Bright Horizons said they go days without leaving the house,” according to the WSJ.

Salvadoran officials refused to connect the jet bridge to allow the roughly 300 passengers, all Indian nationals, to disembark, according to three former crew members on the flight who spoke to Reuters on condition of anonymity. Several passengers told the cabin crew they planned to travel onward to Mexico and cross the border there illegally into the U.S., one crew member said. Others said they were going on vacation to the Mexican border city of Tijuana, another crew member said.

North America continues to be gripped by a heat wave. The heatwave that began in May and continues to affect day to day life in the central and eastern states of the US has already killed many others in Mexico. According to the scientists, this was made 35 times more likely because of anthropogenic factors causing climate change. Human induced activities such as burning of fossil fuels has caused this issue. In neighboring Mexico, this heatwave has already killed 125 people and led to thousands of heatstroke cases. There is bad news as this heatwave like conditions will only intensify if human induced activities do not reduce, according to scientists. This study was conducted by World Weather Attribution which is an international collaboration of scientists who study climate change. Record high temperatures:

Argentine President Javier Milei disclosed on June 19 his intent to double down on his pro-crypto stance as he expressed support for an open competitive market for currencies, including Bitcoin.

Tether on Monday launched Alloy, a gold-backed stablecoin pegged to the US dollar. This marks the issuer’s tethered asset debut, with Alloy (aUSDT) mintable through the new platform.

El Salvador, built to hold members of the country's most violent gangs. Known as the Centre for the Confinement of Terrorism, this huge facility in Tecoluca can hold about 40,000 prisoners, similar to fitting two full Madison Square Gardens, as per the reports of 'New York Post'. The El Salvadoran government posted photographs of numerous severely tattooed, shirtless prisoners being transferred to the maximum-security jail. These prisoners are continuously in fear of being tortured or killed while being held in small, artificially lit cells. No inmate who has ever been admitted has ever been freed.

A Suriname Presidential hopeful says she wants to follow El Salvador’s Bitcoin (BTC) lead, and will grant the token legal tender status if she is elected.

Bitcoin financial services company Swan Bitcoin is now the lead sponsor of Tucker Carlson’s upcoming national tour, bringing Bitcoin to the audience of one of the world’s most famous journalists.

El Salvador’s crypto-friendly President Nayib Bukele, 42, is set to govern for another five years taking near-total control of parliament.