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El Salvador's millennial crypto-loving president says the country's bitcoin holdings are up more than 40%

Nayib Bukele said if El Salvador sold all of the bitcoin in its coffers today, it would bank roughl…

Phil Rosen   


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'We have no intention of selling': El Salvador's millennial president touts the country's bitcoin investment as the token soars

Nayib Bukele said if El Salvador sold all its bitcoin at current prices, it would recover 100% of i…

Phil Rosen   


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The IMF is urging El Salvador not to use bitcoin as legal tender citing the 'large risks' associated with the cryptocurrency

Using bitcoin as legal tender "entails large risks for financial and market integrity, financial st…

Isabelle Lee   


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El Salvador passes law for bitcoin-backed 'volcano bonds' and eyes expanding to other cryptocurrencies

The bond issuance was originally planned for early 2022, and El Salvador seeks to raise $1 billion …

Brian Evans   


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Bitcoin trading losses may have cost El Salvador $10 million amid crypto slump, report says

Led by President Nayib Bukele, El Salvador has bought at least 1,391 bitcoins using public funds, a…

Isabelle Lee   


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El Salvador bought $15 million worth of 'really cheap' bitcoin as the cryptocurrency sank, according to the country's president.

El Salvador bought 410 bitcoins "really cheap" for $15 million during crypto selloff, according to …

Hamza Fareed Malik   


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El Salvador's Nayib Bukele is a president for the meme-stock generation: He's obsessed with stonks, silly numbers, bitcoin, and the 'dip'

At 40 years old, Bukele is also a Millennial — the cohort thought to be behind the meme-stock…

Natasha Dailey   


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El Salvador's President Bukele says the first steps in the country's bitcoin volcano project are underway

Video shared by Bukele shows bitcoin mining rigs being installed near a volcano, after he promised …

Camomile Shumba   


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El Salvador's president announces full payment of an $800 million bond, averting default

Last year, ratings agency Moody's warned that the country's bitcoin-buying spree boosted its credit…

Phil Rosen   


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El Salvador President Nayib Bukele's latest bitcoin purchase channels meme energy with magic number

In a series of tweets — all pointing to the number 21 — President Nayib Bukele documented the count…

Natasha Dailey   


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Vitalik Buterin says 'shame on bitcoin maximalists' who support El Salvador's president in forcing businesses to accept the cryptocurrency

Forcing businesses to accept a particular cryptocurrency goes against the the ideals of freedom imp…

Shalini Nagarajan   


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El Salvador is moving toward raising $1 billion in bonds backed by bitcoin by broadening its bet on crypto

El Salvador's President Nayib Bukele had previously outlined plans to use funds raised from Volcano…

Carla Mozée   


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El Salvador buys another 150 bitcoins to bring its total holdings of the cryptocurrency to $31 million

El Salvador bought during the latest dip, as bitcoin slipped below $45,000 amid a broader crypto se…

Isabelle Lee   


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El Salvador recruits Mike Novogratz-backed crypto unicorn BitGo to code its official bitcoin wallet

The crypto unicorn, backed by billionaire Mike Novogratz, provided the Chivo wallet's programming i…

Shalini Nagarajan   


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El Salvador's bitcoin adoption and its crypto-loving President Nayib Bukele contribute to country's credit downgrade at Fitch

Fitch Ratings cut El Salvador's credit rating to CCC from B-, following a warning and downgrade fro…

Natasha Dailey   


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Isabelle Lee   


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El Salvador is about to issue its billion-dollar bitcoin bond though the timing is tricky — 'I didn't expect the war in Ukraine'

El Salvador's finance minister said the country still plans to issue its bitcoin bond this week but…

Natasha Dailey   


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As bitcoin craters 65% from its high, El Salvador's finance minister said the fiscal risk is 'extremely minimal'

The country, led by bitcoin-bull President Nayib Bukele, holds 2,301 bitcoins and made the crypto l…

Phil Rosen   


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El Salvador already has $500 million in verbal commitments for its billion-dollar 'meme' bitcoin bond and $5 billion in more bonds could follow

People are more interested in the novelty of the bitcoin bond than its fundamentals, one El Salvado…

Natasha Dailey   


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A third of El Salvador's population is actively using its bitcoin wallet Chivo, President Nayib Bukele says

President Nayib Bukele said there were more active users of the Chivo bitcoin wallet than of any si…

Harry Robertson