News with the tag "President Nayib Bukele"

El Salvador has added 15 BTC to its holdings in staunch defiance of an agreement with the International Monetary Fund (IMF). The country’s authorities have previously agreed with the IMF not to accumulate Bitcoins under an Extended Fund Facility (EFF). El Salvador Load Up 19 BTC In New Purchasing Sp...

El Salvador President Nayib Bukele acknowledges that while his Bitcoin strategy has been "net positive."

El Salvador’s President Nayib Bukele, at 42, begins his second term on Saturday with unprecedented support from the electorate. Re-elected in February with a sweeping 85% of the vote, Bukele now enjoys near-total control over parliament and other state institutions. His aggressive crackdown on crimi...

El Salvador’s President Nayib Bukele has collaborated with Cathie Wood, CEO of ARK Invest, to explore Bitcoin’s (BTC) potential to enhance the country’s capital markets and promote technological innovation. This partnership aligns with El Salvador’s ongoing efforts to solidify its position as a lead...

El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5 MW o...

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilit...

On Sunday, February 4, President Nayib Bukele of El Salvador officially announced his successful re-election, securing an impressive 85% of the votes. With Bukele poised to lead for another five-year term, the anticipation among Bitcoin investors is palpable, awaiting his unveiling of the next signi...

On Sunday, February 4, El Salvador President Nayib Bukele confirmed his victory of re-election thereby securing a staggering 85% vote. As Bukele is set to take charge of another five-year term, Bitcoin investors would be eagerly waiting for him to unveil his next big plans. Doubling Down On Bitcoin ...

El Salvador will receive substantial funds through a new residency program aimed at high-net-worth individuals. Spearheaded by President Nayib Bukele and promoted by Bitcoin evangelist Max Keiser, the initiative, known as the “Adopting El Salvador Freedom” program, is drawing global attention for it...