El Salvador has once again made headlines as it announced its ownership of 5,750 Bitcoin (BTC), which is valued at approximately $353 million based on current market prices, according to Bloomberg. This revelation comes after the National Bitcoin Office launched a tracking website, developed in collaboration with mempool.space, to provide transparency regarding the treasury’s BTC […]
Bitfinex Securities earlier today unveiled plans to launch a tokenized debt issue to fund the construction of a “Hampton by Hilton hotel complex at El Salvador International Airport.” The issuance seeks to raise a substantial $6.25 million to facilitate the development of this 4,484-square-meter project. Bitfinex Ventures Into El Salvador’s Tourism Sector Bitfinex Securities El Salvador […]
A Bitcoin buying spree by an unknown address has not only piqued the interest of the crypto community but also sparked speculation that a sovereign state nation other than El Salvador might be accumulating the coin. Whale Buying 100 BTC Daily In a post on X, one user speculates that the whale likely belongs to a “small […]
El Salvador, buying Bitcoin over the last two years, has been at the forefront of the crypto industry, becoming the first country to actively add BTC to its reserves. Throughout the bear market, the country’s Bitcoin bet seemed like a failure as the BTC price crashed and the country’s investment fell into losses. However, there […]
El Salvador, a nation already distinguished for embracing Bitcoin, has achieved another milestone in the crypto realm. The nation’s Volcano Bond, integral to its plan to establish the world’s first Bitcoin city, has received regulatory approval from the Digital Assets Commission (CNAD). This development was confirmed by President Nayib Bukele in a post on social […]
Tether Joins El Salvador’s “Freedom Visa” Program, Requires $1M Bitcoin Investment | Bitcoinist.com
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El Salvador, along with the largest stablecoin issuer in the world, Tether, has introduced a new citizenship-by-investment program, the “Adopting El Salvador Freedom Visa Program,” aimed at attracting 1,000 individuals willing to make a significant investment in the country using Bitcoin or USDT. Successful applicants will receive a residency visa, a pathway to citizenship, and […]
President Nayib Bukele has taken to X to defend El Salvador’s Bitcoin (BTC) investment strategy, which the leader describes as “in the black.” As prices recover, Bukele now wants critics to acknowledge their misjudgments and apologize. Is El Salvador’s Bitcoin Investment In The Green? In a December 4 post on X, the president said that if they […]