Cryptocurrency Analysis and News Portal
Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits
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Sun's Tron DAO Reserve, a community-focused body that supports development on the Tron network, has acquired millions in BTC, Tron's native token TRX and tether (USDT) as collateral backing its dollar-pegged stablecoin USDD. At press time, the collateral backing USDD included 14,040.6 BTC, 240 million USDT, 442,323,460, and 954 million
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Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, ALAC El Salvador — a non-governmental anti-corruption bureau — was recently denied information from a state development bank, BANDESAL, regarding El Salvador’s Bitcoin purchases and
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He added, "Someone asked my help in conjunction with my opinion on bitcoin. I've been in this industry for close to 10 years and I've helped people that are 10 years old and I've helped governments, and I will continue to do it when I think it is in the
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President Navib Bukele announced plans to raise $1 billion via bonds backed by bitcoin (BTC) in November, shortly after El Salvador became the first country in the world to adopt bitcoin as legal tender. The offering was initially supposed to launch in early 2022, but it has faced delays, at
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Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.Douglas Rodríguez, president of the El Salvador central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on
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El Salvador has recently purchased 80 Bitcoins. Nayib Bukele tweeted his support towards Bitcoin during its bear run,adding that Bitcoin is indeed the future. Despite the prices of Bitcoin plunging to new lows, El Salvador’s president Nayib Bukele seems to be unfazed by the ongoing bearish sentiment prevalent in the market. Bukele
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The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:And all the Central Bankers screamed…. pic.twitter.com/MxdOrYD3lc— Bitcoin Beach (@Bitcoinbeach) May 20, 2022 It
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Summary: El Salvador’s Bitcoin holdings have lost value by roughly $40 million This amount is almost equal to El Salvador’s next coupon payment on its debt for the month of June, worth $38.5 million However, President Bukele has an 85% approval rating President Bukele also shared plans for the country’s Bitcoin City El Salvador’s Bitcoin
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Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm's registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law. According
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