A UK crypto broker reportedly jumped 30 feet from a balcony to escape kidnappers who were threatening to torture and kill him for his crypto.According to a Feb. 9 report from UK media outlet Metro, three British men have been arrested over the kidnap
El Salvador has again stocked up its growing Bitcoin reserve, buying 12 Bitcoin in the last day amid a dip in the crypto markets.The country bought 11 Bitcoin on Feb. 4 for just over $1.1 million, an average price of $101,816 per Bitcoin. It later p
El Salvador has rescinded Bitcoinâs status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin advocates split over what this means for adoption in the country.The changes came amid tense negot
Staunch crypto skeptic and disgraced former U.S. Senator Bob Menendez was sentenced to 11 years in prison on Wednesday on charges of bribery and acting as an agent for Egypt, the Associated Press reported.Menendez was a Democrat from New Jersey and f
Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers.
El Salvador president Nayib Bukele donated Bitcoin (CRYPTO: BTC) to well-known philanthropist Shin Fujiyama to help raise funds to build schools in the Central American nation of Honduras. read more
El Salvadorâs adoption of Bitcoin as legal tender in Sept. 2021 coincided with notable shifts in the countryâs inflation rate. Inflation stood at 4.9% when the government first purchased 200 BTC on Sept. 6, 2021. By June 2022, inflation peaked at 7.7
Bitcoin (CRYPTO: BTC) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily. read more
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukeleâs administration. According to data provided by the Central Reserve Bank, only 1.1% of all remitta
American entrepreneur Elon Musk and El Salvador president Nayib Bukele recently convened, garnering attention across the globe. On Saturday, the Tesla & SpaceX CEO revealed that he had an âexcellent conversation with President Nayib Bukele,â over
Bhutan surpasses El Salvador in Bitcoin holdings, highlighting diverse national strategies in the rising trend of global crypto adoption.
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be th
El Salvador will no longer use external debt to finance its national budget starting in 2025. The countryâs President, Nayib Bukele, announced this during his Independence Day address on September 15. The countryâs Bitcoin strategy is believed to hav
The post El Salvador Celebrates 3 Years of Bitcoin: A Taxi Driver Became a Millionaire appeared first on Coinpedia Fintech News Today Marks the 3 year anniversary of El Salvador declaring Bitcoin its legal tender. No other nation has shown this level
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal
Bitcoin is now a big part of El Salvadorâs money plan. The country took a chance on crypto,âŚ
The International Monetary Fund (IMF) is collaborating with El Salvador to address the financial risks linked to its Bitcoin adoption.
The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342
The ambitious plan to build a Hilton hotel in El Salvador using cryptocurrency investments has hit a roadblock. Bitfinex, the company behind this innovative project, has announced that it will give back money to those who invested in the venture.The
Bitfinex Securities, a digital asset platform, has announced that it will be offering refunds to investors of its Hilton hotel venture at El Salvador's international airport. Unfortunately, the project did not meet the minimum funding requirement of