With Market Crash, El Salvador Is Down $52M on Its Bitcoin Bet
The country has made $104 million in investments in the cryptocurrency since it made bitcoin legal tender last September.
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Jun 14, 2022 at 6:11 p.m. UTC
Jun 14, 2022
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Will El Salvador Default on Its Sovereign Debt in 2023?
While the issuance of a $1 billion bitcoin bond is delayed, President Nayib Bukele must face payments of $800 million next January. Will he make it?
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Jun 8, 2022 at 3:48 p.m. UTC
Jun 8, 2022
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Morgan Stanley Warns NFTs Next to Watch After UST Collapse; Bukele Announces Bank Meeting in El Salvador
The most valuable crypto stories for Monday, May 16, 2022.
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May 16, 2022 at 11:57 p.m. UTC
May 16, 2022
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El Salvador Acquires 500 Additional Bitcoin Amid Market Drop
President Nayib Bukele tweeted that his country “just bought the dip.”
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May 9, 2022 at 9:03 p.m. UTC
May 9, 2022
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The Crypto Company Aiding El Salvador’s Bitcoin Adoption
Chicago-based Athena Bitcoin deployed bitcoin ATMs in El Salvador a week after the government legalized bitcoin as legal tender. Despite rollout problems, the company remains bullish on the project. This piece is part of CoinDesk's Payments Week.
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Apr 28, 2022 at 7:35 p.m. UTC
Apr 28, 2022
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Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds
“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.
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Apr 27, 2022 at 6:11 a.m. UTC
Apr 27, 2022
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El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance
Bukele had previously teased he would be making an important announcement at this year’s conference.
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Apr 6, 2022 at 6:04 p.m. UTC
Apr 6, 2022
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Bitcoin City: El Salvador’s Dreams for Utopia on Hold
Locals interviewed by CoinDesk have mixed feelings about El Salvador’s multimillion dollar proposal financed by “bitcoin bonds.”
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Mar 25, 2022 at 7:43 p.m. UTC
Mar 25, 2022
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US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
The bill, which was passed out of committee on Wednesday, generated the displeasure of El Salvador's president, Nayib Bukele.
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Mar 23, 2022 at 10:44 p.m. UTC
Mar 23, 2022
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El Salvador Postpones Bitcoin Bond: Report
The country's finance minister said the offering may come as late as September, according to Reuters.
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Mar 22, 2022 at 10:04 p.m. UTC
Mar 22, 2022