El Salvador Crypto News
El Salvador says Bitcoin bet working but needs more time to bear fruit
Finance Minister Alejandro Zelaya argued that El Salvador's Bitcoin (BTC) experiment is on track, and people should not expect results overnight.
El Salvador seeks to buy back $1.6B of debt to quell default fears
President Nayib Bukele said the country will repurchase all sovereign bonds maturing between 2023 and 2025 at market prices.
Morgan Stanley is willing to buy El Salvador bonds despite poor performance
El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
President Bukele says ‘thank you for selling cheap,’ as El Salvador buys more Bitcoin
El Salvador buys another 80 Bitcoin, but total losses still come in at the tens of millions of dollars.
Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Price volatility strengthens public opinion against Bitcoin in El Salvador
Recent volatility has cast further doubt on the Bitcoin experiment, but El Salvador's risk exposure remain low.
El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves
El Salvador has collected over 2,300 Bitcoins since 2021. Even though the county lost more than $50 million with the recent crash, it's finance minister says the risk is extremely minimal.
El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k
Critics take aim at President Bukele as Bitcoin extends losses to sink under $23,000 for the first time since December 2020.
44 nations converged to discuss bitcoin in El Salvador: The Davos of crypto?
The current traditional financial system has failed many countries leaving them subservient to the US Dollar, the meeting from 44 countries in El Salvador shows nations want change and see Bitcoin as a opportunity to do so.
President Nayib Bukele announces that 44 countries will meet in El Salvador to discuss Bitcoin
The President of El Salvador announced that he would be meeting with representatatives from 44 different countries to discuss Bitcoin, financial inclusion, digital economy and banking the unbanked.
El Salvador’s over $100 million Bitcoin purchase is now worth $66 million
El Salvador’s Bitcoin losses are equal to its next interest payment to bondholders, which is due on June 15.
El Salvador releases mock-up of Bitcoin City – what’s the verdict?
President Bukele tweets images of an architect's model of Bitcoin City, including artists' impressions of key sites.
El Salvador buys the dip – picks up 500 BTC worth roughly $15.5M for reserves
El Salvador's President announced that the country has bought over $15.5 million worth of BTC during the recent downturn
Study finds El Salvador’s Chivo Bitcoin Wallet is not widely used
Researchers found that despite high initial interest, wallet usage for Bitcoin transactions is low and concentrated among a select demographic.
Bitfinex CTO reveals key information on El Salvador’s up and coming Volcano Tokens
Bitfinex CTO Paolo Ardoino talks to CryptoSlate about Volcano Tokens, including time frames on when the process can move forward.
Report: Crypto millionaires flock to El Salvador to invest in the Bitcoin City project
Investors are already offering Salvadoran residents around the proposed area of building Bitcoin City as much as five times the amount they paid for their land.
60 Minutes reports on how Bitcoin is building a circular economy in El Zonte
Mainstream media comes to El Salvador interviewing locals about Bitcoin. How did they do?