El Salvador | ForkLog

ForkLog 75 09.01.2025

Bitfinex relocates its derivatives trading service to El Salvador

Bitfinex’s crypto-derivatives trading will now be provided by a company registered and licensed in El Salvador. ? Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in ?? El Salvador — a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre.Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX […]

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ForkLog 9 26.12.2024

El Salvador’s President to Discuss Bitcoin with Russian Authorities

El Salvador’s President, Nayib Bukele, is planning a visit to Russia in 2025. One of the key topics for discussion could be cryptocurrencies, reports CCN, citing sources. According to these sources, the dialogue is in its early stages, and its outcome depends on the United States’ stance towards Russia following Donald Trump’s inauguration. Although El […]

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ForkLog 27 20.12.2024

El Salvador Expands Bitcoin Purchases Despite IMF Deal

The head of El Salvador’s National Bitcoin Office, Stacy Herbert, stated that the country will continue to purchase the leading cryptocurrency, potentially at an “accelerated pace.” ??EL SALVADOR SECURES $3.5 FUNDING DEAL ➡️Bitcoin remains legal tender➡️El Salvador will continue buying bitcoin (at possibly an accelerated pace) for its Strategic Bitcoin Reserve➡️Bitcoin capital markets will continue […]

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ForkLog 11 19.12.2024

El Salvador to Limit Bitcoin Strategy Under $1.4 Billion IMF Agreement

The IMF and El Salvador have reached an agreement in which the country has committed to reducing risks associated with bitcoin usage in exchange for a financial package. El FMI y el gobierno de El Salvador alcanzaron un acuerdo a nivel de personal sobre un Programa SAF de 40 meses para apoyar las reformas del […]

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ForkLog 19 12.12.2024

Is Bukele no longer the ‘crypto president’? Why El Salvador is cutting a deal with the IMF

In recent days, reports have emerged that El Salvador will recalibrate its cryptocurrency policy in ways that do not favour bitcoin holders. The government has likely taken these steps under pressure from the International Monetary Fund (IMF). Oleg Cash Coin examines why the republic—once a symbol of bitcoin’s ascent onto the state stage—finds itself agreeing […]

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ForkLog 6 11.12.2024

El Salvador and Argentina Forge Crypto Regulation Partnership

Regulatory authorities in El Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation, as reported by CoinDesk. The agencies plan to exchange knowledge and experience in this sector. The document was signed by Juan Carlos Reyes, head of El Salvador’s National Commission for Digital Assets, and Roberto Silva, president of Argentina’s National […]

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ForkLog 12 26.11.2024

Suriname’s Presidential Hopeful Advocates for Bitcoin Transformation

Maya Parbhoe, a presidential candidate for the South American republic of Suriname in the 2025 elections, has announced plans to recognize Bitcoin as legal tender and transition the country’s financial infrastructure to blockchain. On May 25 — 2025, 6 months from now, the people of Suriname will have a clear choice to… > End systemic […]

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ForkLog 8 12.11.2024

Tesla’s Bitcoin Holdings Surpass $1 Billion

Tesla holds 11,509 BTC valued at over $1 billion. El Salvador’s bitcoin assets exceed $500 million. MicroStrategy’s unrealized profit from bitcoin investments surpasses $10 billion. The German government missed out on $1.6 billion in profit by selling 50,000 BTC in the summer. The value of Tesla’s digital gold on its balance sheet has exceeded $1 […]

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ForkLog 7 24.10.2024

Bukele Donates 2 BTC for School Construction in Honduras

El Salvador’s President Nayib Bukele has donated 2 BTC ($134,000) to fund a project aimed at building 1,000 schools in Honduras. ??❤️?? pic.twitter.com/AFWUXEdEv6 — Nayib Bukele (@nayibbukele) October 23, 2024 The bitcoins were sent to philanthropist Shin Fujiyama, the founder of Students Helping Honduras, an organization combating poverty through educational development. Fujiyama is currently participating […]

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ForkLog 21 16.10.2024

Survey Reveals 92% of Salvadorans Do Not Use Bitcoin for Transactions

Only 7.5% of Salvadorans use Bitcoin for transactions, while 92% admit they do not, according to a survey report. The study was conducted by the Francisco Gavidia University among 1,224 citizens over the age of 18. Survey results. Data: Francisco Gavidia University. In 2021, El Salvador recognized Bitcoin as legal tender alongside the US dollar. […]

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ForkLog 10 30.08.2024

El Salvador’s Bitcoin Policy: A Mixed Success, Says President

The monetary experiment of legalising Bitcoin as legal tender in El Salvador has yielded mixed results, according to President Nayib Bukele in an interview with TIME. Wearing a dark suit to look more “authoritarian” ? Full interview: https://t.co/dXR5eVmsM1 Entrevista completa en español: https://t.co/wGWW9ZgdoO pic.twitter.com/ViGBkIJ3JU — Nayib Bukele (@nayibbukele) August 29, 2024 When asked about the […]

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ForkLog 9 13.08.2024

Turkish Firm to Invest in El Salvador’s Bitcoin City Infrastructure

El Salvador is set to receive $1.615 billion in investments from the Turkish company Yilport Holding, with a portion allocated to the Bitcoin City project. Ülkemizin tarihindeki en büyük özel yatırım ???? pic.twitter.com/2cmn8T3g5p — Nayib Bukele (@nayibbukele) August 12, 2024 The funds will be used to upgrade two of the country’s ports—Acajutla and La Unión. […]

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