El Salvador's Bonds Surge 62% Amid Bitcoin's ETF-Driven Rally

El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing.

• 2023-07-20
• El Salvador Ratings agencies

Stablecoin Issuer Tether Invests in Bitcoin Mining Project in El Salvador

Stablecoin issuer Tether has joined a green energy project in El Salvador that aims to invest $1 billion in building a 241 MW generation park called "Volcano Energy" in Metapán.

• 2023-06-06
• El Salvador Bitcoin Mining Tether Volcano Energy

US Senators Still Think Bitcoin Adoption in El Salvador Could Pose a Threat

El Salvador’s Bitcoin experiment could be a risk the the States, a handful of lawmakers argue.

• 2023-06-03
• El Salvador Foreign Relations Committee Jim Risch economic stability legal tender Bob Menendez

Strike expands Bitcoin payments to 65 countries, moves global headquarters to El Salvador

The Jack-Mallers led Lightning app says it can now support nearly 3 billion people globally.

• 2023-05-20
• El Salvador global markets Jack Mallers Gary Gensler Fortune Strike Mallers Cash App Bitcoin Miami

Bitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees

The firm says El Salvador will serve as its base for operations in Latin America.

• 2023-05-16
• El Salvador Latin America Bitcoin

Bitcoin Surfing Tourists Are Flocking to El Salvador—What’s the Big Deal?

Murders have dropped massively in the Central American country, attracting lots of tourism. Thank its Bitcoin-loving president for the turnaround.

• 2023-05-13
• El Salvador Nayib Bukele Bitcoin tourism minister President Bukele

El Salvador to establish “Bitcoin Embassy” in Texas to promote adoption of digital assets

El Salvador, the first country in the world to make Bitcoin legal tender, is planning on opening a “Bitcoin embassy” in Texas.

• 2023-02-16
• El Salvador Bitcoin Milena Mayorga Texas Government of Texas

IMF says El Salvador's bitcoin risks have not materialized but 'should be addressed'

Risks over El Salvador's embrace of bitcoin "have not materialized," but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a statement after a visit to the Central American country. "Given the legal risks, fiscal fragility and largely speculative nature of crypto markets, the authorities should reconsider their plans to expand government exposures to bitcoin," the IMF said in a statement. The annual visit by IMF staff foll

• 2023-02-11
• El Salvador bitcoin International Monetary Fund legal risks cryptocurrency IMF staff