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The IMF said to slow down. El Salvador said no. President Bukele’s government just added five more Bitcoins to its treasury, pushing its reserves past 6,111 BTC — defying the very institution that loaned it $1.4 billion just months ago.…
Follow-up
El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious…
BTC
Bitcoin
News
Tether’s latest move puts USDT directly on Bitcoin’s infrastructure, allowing stablecoin transactions to settle faster and more efficiently via the Lightning Network. Tether (USDT), the world’s largest stablecoin issuer, has announced its integration with Bitcoin’s (BTC) ecosystem, marking a new…
News
El Salvador’s Legislative Assembly has amended its Bitcoin Law, making it optional for merchants to accept Bitcoin as payment. This change aligns with conditions set by the International Monetary Fund for a $1.4 billion loan aimed at bolstering the nation’s…
BTC
Bitcoin
News
El Salvador has amended its Bitcoin regulations as a part of a deal with the International Monetary Fund. According to Reuters, El Salvador Congress has approved the reforms within minutes of receiving them from President Nayib Bukele, aligning the country’s…
Follow-up
While there is much talk about the U.S. leadership in creating the Strategic BTC reserve, the European countries are not shying away from crypto, either. The Czech Republic will soon decide to create a Bitcoin reserve. Other countries and corporations…
BTC
Bitcoin
News
The entire Tether Group will relocate its business to Bitcoin-friendly nation El Salvador after securing regulatory licenses.
USDT
Tether
News
Bitfinex Derivatives has secured licensing as a Digital Asset Service Provider in El Salvador, the crypto platform’s Seychelles-based parent company has announced. The Bitfinex team noted in a blog post update and on X that its derivatives service will, following…
BTC
Bitcoin
News
El Salvador now holds more than 6,000 Bitcoin, reaching this milestone after adding another BTC on Dec. 29. The country’s Bitcoin (BTC) treasury now stands at 6,000.77 BTC, valued at approximately $561.3 million according to the National Bitcoin Office’s portfolio…
BTC
Bitcoin
News
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. On Dec.…
BTC
Bitcoin
News
El Salvador has ramped up its Bitcoin buying a day after agreeing to an International Monetary Fund deal that required scaling back its government-led crypto activities. On Dec. 19, the first nation to adopt Bitcoin as a legal tender and…
BTC
Bitcoin
News
El Salvador’s agreement with the IMF could shutter the country’s state-backed Bitcoin wallet Chivo, but not its overall BTC support.
BTC
Bitcoin
News
Bitget announced they obtained a Bitcoin Service Provider license from El Salvador’s Central Reserve Bank. The license allows Bitget to facilitate Bitcoin-to-fiat exchanges, Bitcoin (BTC) payments, and custody services in the country. With the BSP license, Bitget can now offer…
BTC
Bitcoin
Follow-up
El Salvador is negotiating a $1.3 billion loan with the IMF that reportedly could bring significant changes to its Bitcoin legal tender law. In the coming weeks, El Salvador could finalize a multi-billion dollar deal with the International Monetary Fund…
BTC
Bitcoin
News
El Salvador bonds broke into the top gainers in emerging-market debt, driven by Bitcoin’s stride above $100,000.
BTC
Bitcoin
News
The use case of Bitcoin has spread around the globe since El Salvador adopted it as a legal tender, the U.S. planned it for a national strategic reserve, and now Suriname. Maya Parbhoe, a Surinamese young lady who is running…
BTC
Bitcoin
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