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.
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El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
Oluwapelumi Adejumo 2 min read
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.
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.
Critics take aim at President Bukele as Bitcoin extends losses to sink under $23,000 for the first time since December 2020.