SAN SALVADOR: Pakistan and El Salvador have officially established bilateral relations centered around cooperation in cryptocurrency and blockchain technology. Chief Executive of the Pakistan Crypto Council and Advisor to the Prime Minister, Bilal Bin Saqib, met with the President of El Salvador Nayib Bukele to discuss avenues for strategic partnership and innovation in the digital … Read more
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
Bitcoin fell below $30,000 for the first time since July 2021, as cryptocurrencies track falling markets, On Tuesday, with investors alarmed by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market capitalization fell as low as $29,764 in Tuesday trade before recovering above $30,000, extending a recent price decline as investors … Read more
El Salvadoran President Nayib Bukele requested lawmakers to extend the united states’ state of emergency for a month on Sunday, as police said that extra than 16,000 gang contributors had been arrested because it changed into imposed. “I am calling the Council of Ministers to invite the Legislative Assembly to increase the (nation of emergency) … Read more
El Salvador’s President Nayib Bukele said Friday that police and soldiers have arrested extra than 15,000 suspected gang members in underneath a month in a crackdown searching for to halt surging homicides. Bukele introduced a nation of emergency on the end of March following a bloody weekend in which 87 people had been killed in … Read more
El Salvador President Nayib Bukele said on Tuesday that the Central American country has arrested more than 10,000 suspected gang members as part of a recent push to drive down violent crime. Bukele announced a state of emergency at the end of March following a bloody weekend in which 87 people were killed in gang-related … 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
El Salvador plans to issue the world’s first sovereign $1 billion US dollar denominated 10-year Bitcoin bonds on the Liquid Network, Bloomberg reported, citing the chief strategy officer of Blockstream. The so-called “volcano bond” is to be equally split between an allocation in Bitcoin and Bitcoin mining infrastructure powered by geothermal energy in the region, Samson Mon … 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
As per the presidential legal counsel, the government of El Salvador will exempt investors from giving a capital gains tax and an income tax on Bitcoin (BTC). The legal consultant of President Nayib Bukele, Javier Argueta, is looking to inspire foreign investment through main tax breaks on BTC. “If a person has assets in Bitcoin … Read more
President Nayib Bukele has stated, More than half a million individuals in El Salvador are using the bitcoin wallet of the country just after the successful acceptance of crypto as a legal tender. The president too spoke about the technical errors that wrecked the first few days of El Salvador’s acceptance of bitcoin as legal … Read more
