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El Salvador Continues Buying Bitcoin Despite IMF Pressure

[Feb 10 10:30 AM] The government of El Salvador has continued buying bitcoin despite the deal reached with the International Monetary Fund (IMF) in December. According to the National Bitcoin Office, in the last 7 days, Bukele’s administration acquired 18…

El Salvador Is Still Bitcoin Country

[Feb 7 9:33 PM] Follow Frank on X. El Salvador is still Bitcoin country, despite the fact that bitcoin is no longer legal tender in the country — at least from where I’m sitting.Let’s start with some background on the matter.On January 29, 2025, the Legislative…

Crypto Remittances Fail to Gain Momentum in El Salvador

[Feb 6 9:30 AM] According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024. Adoption of Crypto for Remittances Falters in El Salvador Crypto…

Tether Confirms Skyscraper Construction in El Salvador

[Jan 18 8:30 PM] Paolo Ardoino, CEO of Tether, the issuer of USDT and one of the larger companies in the crypto space, has confirmed plans to physically relocate part of its operations to El Salvador besides moving its headquarters to the country. President Nayib…

El Salvador Inks Cloud Services Agreement With Rumble

[Jan 12 12:30 PM] The government of El Salvador has entered into a service agreement with Rumble, a Canadian video and cloud services company. The company will provide cloud computing services to El Salvador, including data storage, databases, load balancers, and…