The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million […]
El Salvador - Bitcoin News Related To El Salvador
Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were bought seven minutes before the price of the […]
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
With this purchase, El Salvador’s Bitcoin reserve now amounts to 1,270 BTC, which is worth nearly $60.3 million at the time of writing.
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions
Mainstream analysts have criticized El Salvador’s budget plans for 2022 and its bitcoin (BTC) bond ambitions – and a media outlet has pointed out that international ratings agencies are now lining up to take aim at the nation’s President Nayib Bukele and his adoption plans….
Read More: Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions
El Salvador Buys Bitcoin Dip Again, WisdomTree Launches 3 Crypto ETPs + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
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Read More: El Salvador Buys Bitcoin Dip Again, WisdomTree Launches 3 Crypto ETPs + More News
Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador
The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El […]
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The Telegraph says. A report says that the U.K.’s HMRC could face a legal challenge from investors who want to cut down on tax bills through a loophole for foreign currency. […]
El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins […]
El Salvador celebrates Black Friday, buys 100 BTC for 20% off
With the addition of the 100 coins today, El Salvador holds 1,220 BTC, worth roughly $66.3 million following the crypto asset’s drop to the $54,000s.
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
El Salvador’s President Nayib Bukele said in a tweet that he bought the coins at “a discount.”
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