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Central Reserve Bank: Only 1.1% of Remittances Involve Cryptocurrency in El Salvador

[Sep 24 4:30 AM] The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all…

El Salvador’s Bitcoin Office Celebrates 21 Months of Success, Sets Stage for Renaissance 2.0

[Sep 11 3:31 PM] “Someone needs to be the keeper and reiterator of the vision. There's a ton of work to do. When you have to walk a thousand miles and have only taken the first step, it feels like a long way. It really helps if there is someone saying, ‘We are one…

Salvadoran Basic Goods Basket Rose to Historic Highs in June

[Jul 26 2:30 PM] The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching…

El Salvador Launches Treasury Holdings Site, Confirms Daily Bitcoin Purchases

[May 14 1:30 PM] The Bitcoin Office of El Salvador (ONBTC) has launched a site that allows anyone to confirm the treasury holdings of the country, offering a large degree of transparency in its finances. The site, composed as a custom instance of mempool space, a…

What Happens After A Bitcoin ETF is Approved? Bitcoin Backstage with Dylan LeClair

[Sep 19, 2023 10:46 AM] One of the latest developments in the Bitcoin market is the potential approval of a Bitcoin Exchange-Traded Fund (ETF). An ETF is a financial product that allows investors to gain exposure to an asset without having to directly own it. In the case…

El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

[Nov 22, 2022 9:32 PM] A digital securities bill has been presented to El Salvador’s Congress, paving the way for the issuance of bitcoin-backed bonds.El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé submitted a digital assets issuance bill to…

El Salvador To Buy One Bitcoin Every Day: President Bukele

[Nov 17, 2022 9:04 AM] El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one bitcoin every day, starting today.Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every…