El Salvador | ForkLog

ForkLog 17 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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ForkLog 28 06.07.2024

Bitfinex to Refund Investors in Failed El Salvador Hotel Project

Bitfinex Securities has announced plans to refund all investors involved in the construction of the Hampton by Hilton hotel complex at El Salvador’s international airport, as reported by Cointelegraph. The company failed to secure the minimum required funding of $500,000 to proceed. The project raised only $342,000, which is less than 5.5% of the initially […]

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ForkLog 13 16.06.2024

El Salvador’s President Proposes Bitcoin Investment Bank

El Salvador’s President Nayib Bukele has proposed the establishment of private investment banks in the country, which, if approved, would offer financial services to investors in the leading cryptocurrency. This was reported by Cointelegraph. “As part of our economic plan for El Salvador, we propose a Bank for Private Investment, where we can diversify the […]

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ForkLog 18 29.05.2024

Cathie Wood Predicts Tenfold GDP Growth for El Salvador via Bitcoin

El Salvador’s gross domestic product (GDP) could increase tenfold during the next five years of President Nayib Bukele’s administration, according to a forecast by ARK Invest CEO Cathie Wood. Thank you @maxkeiser and Stacy for introducing Art Laffer, @dpuellARK, Marc Seal, and me to President Bukele last week. Harnessing #bitcoin and #AI to turbocharge his […]

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ForkLog 18 27.05.2024

Argentina’s Regulator Engages with El Salvador on Bitcoin Adoption

The National Securities Commission of Argentina (CNV) exchanged experiences with the authorities of El Salvador regarding the regulation and adoption of the leading cryptocurrency. Roberto Silva and Patricia Boedo, the president and vice-president of CNV respectively, held a working meeting with Juan Carlos Reyes, head of El Salvador’s National Commission for Digital Assets (CNAD). In […]

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ForkLog 34 15.05.2024

El Salvador Mines Nearly 474 BTC in Three Years

Since 2021, El Salvador has mined 473.5 BTC, valued at approximately $29 million, at a state-run geothermal power plant harnessing volcanic energy, according to Reuters. The country’s national Bitcoin office announced the launch of its own space in the Bitcoin mempool, allowing real-time tracking of the cryptocurrency balance in the state treasury. At the time […]

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ForkLog 66 11.04.2024

Bitfinex to Tokenize Hotel Construction in El Salvador

Bitfinex Securities is set to issue tokenized debt for the construction of a Hampton by Hilton hotel complex at El Salvador’s international airport, according to The Block, citing a press release. The initiative is spearheaded by Inversiones Laguardia SA de CV. The token, to be launched on the Bitcoin sidechain Liquid Network under the ticker […]

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ForkLog 23 15.03.2024

El Salvador Reveals Bitcoin Address Holding $400 Million

The government of El Salvador has transferred its acquired bitcoins to a cold wallet “within the country’s territory.” President Nayib Bukele disclosed the address holding 5689.69 BTC (~$406.6 million). We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national […]

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ForkLog 18 29.02.2024

El Salvador’s Unrealized Bitcoin Gains Reach $41 Million

El Salvador’s “paper” profits from investments in the leading cryptocurrency have reached 40%, or approximately $41.6 million, according to the country’s president, Nayib Bukele. When #Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses. Now that #Bitcoin’s market price is way up, if we were to sell, we would […]

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ForkLog 36 05.02.2024

Bitcoin Advocate Nayib Bukele Re-elected as President of El Salvador

Nayib Bukele has been re-elected as President of El Salvador. The country’s Vice President Felix Ulloa affirmed commitment to the Bitcoin strategy. Experts anticipate an influx of specialists and capital into the country. Bitcoin supporter Nayib Bukele has secured another five-year term as President of El Salvador. He garnered the support of 83% of voters […]

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ForkLog 31 01.02.2024

El Salvador’s President to Maintain Bitcoin Strategy Following Re-election

The first cryptocurrency will remain legal tender in El Salvador during Nayib Bukele’s second presidential term, according to Vice President Felix Ulloa in an interview with Reuters. The vice president stated that the decision was made despite the International Monetary Fund’s (IMF) demand to “review” monetary policy. The organization had expressed concerns over El Salvador’s […]

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ForkLog 16 17.01.2024

Study Reveals 12% of Salvadorans Used Bitcoin for Purchases in 2023

In 2023, 12% of Salvadorans used the leading cryptocurrency to pay for goods and services at least once, according to a survey by the Central American University José Simeón Cañas. Among those who used bitcoin as a payment method, 49.7% did so only one to three times, while 20% of respondents used it more than […]

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