Cryptocurrency Analysis and News Portal
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango,
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Según los datos de CryptoX basados en los anuncios de Bukele, El Salvador lleva un 55,03% de su apuesta por el bitcoin. Desde septiembre hasta la fecha, el país ha adquirido 2301 monedas por un total de $103,9 millones, pero su cartera tiene actualmente un valor de $46,6 millones. Source
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The last purchase by the Central American country had been in May. Original Source
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El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However,
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El lunes, el ministro de Finanzas de El Salvador, Alejandro Zelaya, dijo que las pérdidas de bitcoin presentaban un riesgo “extremadamente mínimo” para su país, notando que la cantidad suma menos del 0,5% del presupuesto del gobierno. También aclaró que cualquier pérdida por ahora es intangible porque todavía el país
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The country’s most recent buy was on May 9, when Bukele stepped in front of bitcoin’s decline then to purchase 500 coins for $15.3 million, or an average price of $30,744 each. Bukele, to this point, hasn't announced any purchases during the plunge of the past few days. Original Source
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More speculatively, El Salvador might be able to secure some financing from large players in the crypto space, the so-called “whales” who want to keep the idea of "nation-state bitcoin adoption" alive. Stablecoin issuer Tether, crypto exchange Bitfinex or others could extend support with a direct loan to the government,
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El Salvador has been planning to release the world’s first Bitcoin bond for a while. This move had garnered a lot of interest from investors in the space who have been looking forward to taking advantage of this unique opportunity. However, the launch of the bitcoin bond has now been
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El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) bond citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war.The news comes at the same time that Amnesty International accused the Salvadoran authorities of “flagrant violations
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MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat
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