El Salvador

El Salvador’s Bitcoin (CRYPTO: BTC)-supporting President Nayib Bukele reacted to the indictment of Sen. Bob Menendez (D-N.J.) on obstruction of justice charges. What Happened: Menendez and his wife, Nadine Menendez have been now charged. This development comes on top of the senator’s...

The week was peppered with crucial financial updates and forecasts. Of particular note were the U.S. Federal Reserve’s preferred inflation gauge meeting expectations and the escalating fears of Americans regarding the national debt crisis. Additionally, the market was rife with speculation...

El Salvador’s President Nayib Bukele on Wednesday took a jab at Bitcoin (CRYPTO: BTC) vocal opponent Peter Schiff.  What Happened: Bukele said El Salvador would not sell its Bitcoin holdings despite being up over 40% from its purchases.  He took to X, “When [Bitcoin's] market...

El Salvador's president Nayib Bukele clapped back at critics, saying El Salvador would not sell its Bitcoin (CRYPTO: BTC) holdings despite being up over 40% from its purchases.  What Happened: Bukele said as much in a post on X (formerly Twitter), citing a...

Unlocking necessary funding to grow its economy might cost El Salvador and President Nayib Bukele the abandonment of Bitcoin (CRYPTO: BTC). According to Bank of America economist Alex Muller, El Salvador is in pursuit of a deal with the International Monetary Fund (IMF), which can provide the...

The country of El Salvador has been among the most pro-cryptocurrency countries thanks to legally adopting Bitcoin (CRYPTO: BTC) as legal tender back in 2021. With pro-Bitcoin President Nayib Bukele winning re-election, the crypto and country could be back in the spotlight. What Happened: El...

El Salvador’s President Nayib Bukele has declared victory in the country’s presidential election, despite the results not being officially confirmed. This would mark his second term in office, a move that has been met with criticism. What Happened: President Bukele, known for his tough...

A group of Democratic lawmakers has called upon the Biden administration to address the “authoritarian” actions of the El Salvador president, Nayib Bukele. What Happened: The lawmakers, led by Rep. Ilhan Omar (D-Minn.), have expressed their concerns about the “democratic...

Guatemala has approved the alteration of Bluestone Resources‘ (BBSRF) Cerro Blanco gold project near El Salvador's border. What Happened: Bluestone’s stock spiked from C$0.24 to C$0.59, doubling the market cap to C$87.6 million. "After dedicating over two years to obtaining the...

An established financial system that’s been around for hundreds of years means stability and prosperity, and that’s why developed countries are as economically stable as they are. However, it also means a lack of flexibility and a lot of barriers to innovation. That’s why...

El Salvador’s financial landscape has witnessed a notable improvement recently, with its dollar-denominated sovereign bonds showcasing an impressive rally. The country’s government bond, due in June 2035 with a 7.65% annual coupon, surged more than 200%, rising from 25 cents on the...

El Salvador’s Congress has passed a new migration law that allows expedited citizenship to foreigners who donate Bitcoin (CRYPTO: BTC)  to the country’s social and economic development projects, according to a Reuters report.  What Happened: The bill was labeled a “vital...

El Salvador’s National Bitcoin Office (ONBTC) expects its $1 million ‘Freedom Visa’ initiative to reach full subscription by the close of 2023, as reported by Cointelegraph. What Happened: Launched on Dec. 7, this initiative is a collaboration between the Salvadoran government and...

El Salvador's much-anticipated Bitcoin (CRYPTO: BTC) bond, dubbed the "Volcano Bond," has received regulatory approval, paving the way for its launch in the first quarter of 2024. This move marks a new chapter in the country's embrace of Bitcoin and its integration into the...

In a groundbreaking initiative, the government of El Salvador unveiled the "Adopting El Salvador Freedom Visa Program," a unique visa scheme aimed at attracting high-net-worth individuals and investors. This program, limited to 1,000 participants annually, offers a path to...