Bitcoin News

El Salvador Considers Opening Second Bitcoin Embassy in Texas to Boost Economic Exchange

Coins Legend February 15, 2023 0

On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.”

Bitcoin News

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

Coins Legend February 12, 2023 0

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender […]

Market updates

Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador

Coins Legend August 31, 2022 0

El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to […]

News

El Salvador Buys 80 More Bitcoin as BTC Fell Below $19K — President Insists ‘Bitcoin Is the Future’

Coins Legend July 1, 2022 0

El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele. El Salvador Bought the Bitcoin Dip The president of El Salvador, Nayib Bukele, announced Thursday that his country has bought 80 more bitcoins. At the […]

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Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased

Coins Legend June 16, 2022 0

Alejandro Zelaya, the treasury minister of El Salvador, called out the critics of the investments that his country, through the action of President Nayib Bukele, has made in bitcoin. Zelaya stated that there had not been any losses because the bitcoin purchased — around 2,300 BTC — had not been sold. He also qualified the […]

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International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption Statistics

Coins Legend May 23, 2022 0

The International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about tax and money laundering matters, including critical issues that the IMF raised in earlier […]

News

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

Coins Legend May 4, 2022 0

The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, […]