El Salvador

El Salvador's Congress passed a legislative amendment on Wednesday to alter the country's Bitcoin (CRYPTO: BTC) policy, making its acceptance voluntary rather than mandatory. What Happened: The move, introduced by President Nayib Bukele, was approved as part of efforts to meet conditions set by the...

El Salvador may be reportedly planning to install a Bitcoin node in every household. Max Keiser, Senior Bitcoin Advisor to president Nayib Bukele, reported on Tuesday that one of Bukele’s “New Year’s resolutions” is “a Bitcoin node in every house.” This would...

El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the leading...

El Salvador is close to finalizing a $1.3 billion loan agreement with the International Monetary Fund (IMF), expected within two to three weeks. The deal is contingent on significant changes to the country's Bitcoin policy and measures to reduce its fiscal deficit, Financial Times reported, quoting...

Asset management firm VanEck expressed optimism at El Salvador’s bold Bitcoin (CRYPTO: BTC) bet, terming it as a model of innovation for the emerging world. What Happened: A report penned by Matthew Sigel, VanEck’s Head of Digital Assets Research, took stock of the Central American...

El Salvador president Nayib Bukele floated the idea of a “rent your volcano to mine Bitcoin (CRYPTO: BTC)” policy in the wake of the country’s successful geothermal-powered mining venture. What Happened: On Sunday, Bukele took to X to share the success of El Salvador’s...

Editor’s note: This story has been updated with recent figures about El Salvador’s returns on its Bitcoin investment. El Salvador, the first nation state to adopt Bitcoin (CRYPTO: BTC) as a means of payment, is up $68 million on its investments, according to on-chain analysis. What...

The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city...

A new inquiry into public records has unveiled shortcomings in El Salvador’s "Freedom Passport" initiative, a program launched in December 2023 to attract high-net-worth Bitcoin (CRYPTO: BTC) investors by offering residency visas in exchange for significant investments. What Happened:...

Prominent Bitcoin (CRYPTO: BTC) bull Max Keiser said that El Salvador under President Nayib Bukele was achieving the ‘American Dream' with the help of the apex cryptocurrency. What happened: During an interview with Fox Business Monday, Keiser, who serves as the senior Bitcoin adviser to the El...

Editor’s Note: The headline in this story has been updated El Salvador President Nayib Bukele touted his standing as the most popular world leader, with nearly 90% approval ratings. What Happened: On Sunday, Bukele wrote, “It's nice to be on top,” in response to a post by widely...

El Salvador president Nayib Bukele donated Bitcoin (CRYPTO: BTC) to well-known philanthropist Shin Fujiyama to help raise funds to build schools in the Central American nation of Honduras. What Happened: On Wednesday, Stacy Herbert, Director of El Salvaodor's National Bitcoin Office, shared that...

Bitcoin (CRYPTO: BTC) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily. What Happened: On Saturday, Robinson took to X to highlight Bitcoin’s rising mainstream...

Staunch Bitcoin (CRYPTO: BTC) advocate Max Keiser slammed MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor for casting aspersions on the Bitcoin strategy adopted by the Nayib Bukele-led El Salvador administration. What Happened: Keiser took to X on Thursday to respond to Saylor’s...

Bitcoin and Ethereum spot ETFs experienced notable fund outflows on Aug. 29, signaling ongoing uncertainty in the cryptocurrency markets. What Happened: Bitcoin spot ETFs saw a total net outflow of $71.73 million, with the Grayscale Bitcoin Trust (OTC:GBTC) leading the withdrawals at $22.68 million...