Nayib Bukele, president of El Salvador, invests another $1.5 million in Bitcoin. Purchases 80 BTC at $19,000 each, reducing losses from $104 million to $4,213 million. The Central American nation’s Bitcoin reserves were worth $43,700,000 yesterday, worth $60.2 million. Nayib Bukele, president of El Salvador, must sincerely believe in Bitcoin, or he must enjoy losing … Read more
WASHINGTON: The IMF called on El Salvador to change course and stop using Bitcoin as legal tender, citing “large risks” posed by the cryptocurrency. The small Central American nation in September became the first country in the world to embrace the digital money, allowing consumers to use it in all transactions, alongside the US dollar. … Read more
RIYADH: Bitcoin, the leading cryptocurrency, plunged around 30 per cent from the year’s high of $69,000 on November 10, Arab News reported. It; however, traded higher on Sunday, rising by 2.82 per cent to $48,972 at 5:14pm Riyadh time. Ether, the second most popular cryptocurrency, traded at $4,140, up 4.16 per cent, according to data from CoinDesk. … Read more
Nayib Bukele, Salvadoran President stated that 2.1 million of his fellow residents are using the government-backed Chivo crypto wallet, offering a hint into the deceptive achievement of the country’s Bitcoin (BTC) strategy. The controversial president rationalized his 2.9 million Twitter followers Saturday afternoon, demanding that Chivo “now has more users than any bank in El … Read more
