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.
Regional trends in remittances, stablecoin use, policy shifts, and grassroots crypto adoption.
The city established a Municipal Committee for Crypto Investments to work on governance and investment models for the city.
Over 1 million of Lemon Cash customers will now have access to Bitcoin's Lightning Network thanks to the wallet's partnership with OpenNode.
Cost of Tether to Argentinian pesos increased 6.6% after Argentina's Economy Minister resigned amid an economic crisis.
El Salvador buys another 80 Bitcoin, but total losses still come in at the tens of millions of dollars.
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Recent volatility has cast further doubt on the Bitcoin experiment, but El Salvador's risk exposure remain low.