Bloomberg L.P.20d
Crime’s Plunge and Bitcoin’s Boom Still Leave El Salvador Chasing Economic Miracle
El Salvador’s Bitcoin holdings soared with Donald Trump’s election victory. The President-elect’s migration stance may be more problematic for his ally Bukele’s economic plans. The gang ...
International Monetary Fund20d
IMF Reaches Staff-Level Agreement with El Salvador on an Extended Fund Facility Arrangement
Washington, DC: An International Monetary Fund (IMF) staff team led by Luis Cubeddu, Deputy Director of the Western Hemisphere Department, and Raphael Espinoza, Mission Chief for El Salvador, held ...
El País in English25d
El Salvador’s crypto dream falters under IMF pressure
El Salvador, a country of just over six million people, has been the site of several bold monetary experiments. In 2001, the U.S. dollar became the country’s sole official currency. Twenty years later ...
Newsweek27d
El Salvador Eyes $3 Trillion Gold Mine Beneath Its Soil
Seven years ago, El Salvador made global headlines as the first country in the world to ban all metal mining. The decision was hailed as a victory for environmental protection, celebrated by local ...
unilad28d
El Salvador discovers a potential $3,000,000,000,000 worth of gold and no one is allowed to mine it
President Nayib Bukele has claimed that El Salvador is sitting on $3,000,000,000,000 of unmined gold. Bukele has revealed plans to submit a proposal to the Legislative Assembly, in order to 'repeal ...
Mining28d
El Salvador sitting on $3 trillion worth of unmined gold, president says
El Salvador, which became the first country in the world to ban metals mining, could be losing out economy-changing wealth due to its massive unearthed gold deposits, says its President Nayib Bukele.
Business Insider28d
El Salvador will reportedly dial back its bitcoin ambitions to secure a loan from the IMF
El Salvador will likely dial down bitcoin's role as a legal tender in exchange for a $1.3 billion loan from the International Monetary Fund, The Financial Times reported. Though a finalized deal ...
TheStreet.com28d
El Salvador Is the Only Country Directly Buying Bitcoin Among 13 BTC-Holding Nations
Over 13 nations are now confirmed to hold the cryptocurrency, however, El Salvador stands out as the only country to make direct Bitcoin purchases, according to a report by River, a Bitcoin exchange.
CoinDesk29d
El Salvador to Change Bitcoin Law as Part of New IMF Deal: FT
El Salvador may roll back a small aspect of its Bitcoin law as part of a new deal with the International Monetary Fund. The Latin American country may no longer require Salvadorean merchants to ...
Reuters29d
Magnitude 5.6 quake hits El Salvador
SAN SALVADOR, Dec 8 (Reuters) - A magnitude 5.6 earthquake struck some 9 km (6 miles) south-west of La Union in El Salvador, the Euro-Mediterranean Seismological Centre (EMSC) said late on Sunday.
CoinTelegraph1mon
El Salvador’s Bitcoin gains top $300M — President
The portfolio shows no Bitcoin has been sold, and unrealized gains now exceed $333 million. El Salvador was the first country to adopt Bitcoin as a legal tender. On Sept. 7, 2021, the country’s ...