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El Salvador is hosting a conference dubbed “Adopting Bitcoin.”The three-day conference aims to “promote Bitcoin and bring together stakeholders from all sides of the Bitcoin ecosystem to discuss developments related to BTC and its diverse utility factors.” El Salvador, the BTC pioneer, is all set to host a conference dubbed “Adopting
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The bond repurchase, launched on Sept. 12, is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt. The Central American country has had strained relations with the traditional credit market, particularly after it established bitcoin (BTC) as legal tender in September 2021 Source
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Despite many real stumbles and skeptical mainstream coverage of Nayib Bukele’s Bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs, says David Z. Morris. Source
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En julio, cuando el presidente de El Salvador, Nayib Bukele, presentó el plan de recompra, la iniciativa fue vista como un intento de contrarrestar la especulación sobre un posible default en medio de tensas relaciones entre el país centroamericano y el mercado de crédito tradicional, especialmente después de que en
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In July, when El Salvador’s President Nayib Bukele presented the repurchase plan, it was seen as an attempt to counter speculation about a potential default by El Salvador, amid strained relations between the Central American country and the traditional credit market, particularly after El Salvador established bitcoin as legal tender
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El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.The Bitcoin bond, also known as the "Volcanic bond" or Volcanic token, was first announced in November 2021 as a way to issue
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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
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El presidente de El Salvador, Nayib Bukele, anunció en noviembre pasado por primera vez los planes para recaudar $1000 millones a través de bonos respaldados por bitcoin, poco después de que El Salvador se convirtiera en el primer país del mundo en adoptar bitcoin como moneda de curso legal, en
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Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to
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El Salvador is down roughly 54% on its investments in bitcoin, representing a potential loss of $55.8 million, according to CoinDesk data based on Bukele's announcements. So far, the country has spent $103.9 million in bitcoin, at an average price of $45,171 per coin. Original Source
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