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President of El Salvador says ‘FTX is the opposite of Bitcoin’

President of El Salvador says ‘FTX is the opposite of Bitcoin’

El Salvador’s President Nayib Bukele took to Twitter to proclaim the Bitcoin protocol as the opposite of FTX and likened FTX to a Ponzi scheme in the wake of the exchange’s collapse on November 14.…

El Salvador President Bukele says Bitcoin is ‘the alternative‘ of FTX

El Salvador President Bukele says Bitcoin is ‘the alternative‘ of FTX

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to…

El Salvador seeks to purchase again $1.6B of debt to quell default fears

El Salvador seeks to purchase again $1.6B of debt to quell default fears

Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. The post El Salvador seeks…

El Salvador president addresses bear market considerations with Bitcoin hopium

El Salvador president addresses bear market considerations with Bitcoin hopium

El Salvador introduced Bitcoin (BTC) as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to…

El Salvador President below hearth over $18M loss after Bitcoin tumbles to $23k

El Salvador President below hearth over $18M loss after Bitcoin tumbles to $23k

El Salvador’s Finance Minister Alejandro Zelaya played down the impact of Bitcoin crashing on the country’s financial health, Reuters reported. The post El Salvador President under fire over $18M loss after Bitcoin tumbles to $23k…

El Salvador releases mock-up of Bitcoin City – what’s the decision?

El Salvador releases mock-up of Bitcoin City – what’s the decision?

El Salvador’s President Bukele tweeted images of an architect’s model of Bitcoin City and the caption that things are ‘coming along beautifully.’ #Bitcoin City is coming along beautifully ❤️ pic.twitter.com/A6ay8aAREW — Nayib Bukele (@nayibbukele) May…

El Salvador buys the dip – picks up 500 BTC value roughly $15.5M for reserves

El Salvador buys the dip – picks up 500 BTC value roughly $15.5M for reserves

El Salvador just added another 500 Bitcoin (BTC) — worth roughly $15.5 million — to its reserves after the world’s most popular cryptocurrency fell to almost $30,000 on May 9. President Nayib Bukele announced that…

El Salvador: One Small Step For Bitcoin

El Salvador: One Small Step For Bitcoin

This article originally appeared in Bitcoin Magazine's El Salvador print issue. You can purchase the full issue here.“Are you guys ready for this?” Jack Mallers asks the thousands of Bitcoin enthusiasts crowding the main hall…

How El Salvador Is Fixing Chivo Wallet, Trying To Get Bitcoin Adoption Back On Track

How El Salvador Is Fixing Chivo Wallet, Trying To Get Bitcoin Adoption Back On Track

When Bitcoin became legal tender in El Salvador, thousands of keen Salvadorans awaited to download the country’s government-furnished Bitcoin wallet, Chivo. However, within hours, it became clear that the hyperbitcoinization process would not be painless,…

El Salvador purchases further 410 Bitcoin for $15 million

El Salvador purchases further 410 Bitcoin for $15 million

Bitcoin-centric Central American country, El Salvador, has taken advantage of the ongoing bear market to buy 410 units of Bitcoin for around $15 million. President Bukele called the purchase “really cheap”Per a revelation by the…