El Salvador Bitcoin Gains Reach $12.6M After Two Years Of Decline
El Salvador’s investments continued to be less than what they had originally cost but the country is now seeing a rise in value, with unrealized gains totaling about $12.6 million, based on information from Nayibtracker. President Nayib Bukele, who expressed joy last month, noted that El Salvador’s cryptocurrency business had finally proven lucrative. He hailed […]
Bukele to Bitcoin Critics: Apologize or Retract
El Salvador President Nayib Bukele has called on the critics of his country’s bitcoin strategy to apologize, as the nation’s portfolio is now in the green. Bukele claims that El Salvador has made more than $3 million in profit from its bitcoin holdings and has no intention of selling. El Salvador made history in September […]
El Salvador Launches First Bitcoin Mining Pool
El Salvador has officially launched its first local Bitcoin mining pool, as the Volcano Energy initiative begins mining blocks via Lava Pool and Luxor Technology in partnership. The Bitcoin-friendly nation’s $1 billion renewable energy project made headlines earlier in 2023, with stablecoin issuer Tether among the companies investing in the project, which aims to generate […]
Taiwan, El Salvador Partner to Enhance Crypto Regulation
Reports from Wu Blockchain suggest the Taiwan Cryptocurrency Association is partnering with El Salvador’s authorities to advocate for a Virtual Assets Bureau to enhance its crypto regulations. At a recent public hearing convened by Taiwanese lawmaker Kuo Kuo-wen on “Virtual Asset Supervision,” the cryptocurrency industry dominated the discussion. The prospective establishment of a “Financial Technology […]
Binance Granted Full Operating License in El Salvador
The cryptocurrency exchange Binance has recently obtained a complete license to operate in El Salvador, which supports Bitcoin. Today’s biggest cryptocurrency exchange, Binance, revealed that it has been granted a full operating license to service consumers in El Salvador. This achievement coincides with the nation’s growing acceptance of Bitcoin (BTC) as a legal tender. With […]