El Salvador is looking for loans backed by bitcoin for micro and small businesses across the country!
#Bitcoin-backed loans are an opportunity to remediate the situation.
#ElSalvador has around 1.2 million businesses in the country. Approximately 66% are micro-businesses and over 90% of micro-businesses are self-funded via informal #loans or loan sharks.
#Bitcoin-backed loans are an opportunity to remediate the situation.
#ElSalvador has around 1.2 million businesses in the country. Approximately 66% are micro-businesses and over 90% of micro-businesses are self-funded via informal #loans or loan sharks.
Since #ElSalvador adopted #bitcoin as a legal tender in September 2021, local tourism has jumped 30%. Now, as many as 60% of tourists are coming from the #US, said Tourism Minister Morena Valdez.
El Salvador President Nayib Bukele set forth 44 countries to negotiate Bitcoin
El Salvador President Nayib Bukele announced on Twitter that a meeting of 32 central banks and 12 financial authorities from 44 countries would take place on May 16.
The meeting held is to discuss financial inclusion, the digital economy, banking for the unbanked, and El Salvador's Bitcoin rollout and benefits.
Following President Bukele's official declaration, Bitcoin Beach tweeted a globe map with countries who have either already adopted Bitcoin or are attending Monday's summit colored in, with the caption "Probably nothing.
#ElSalvador #Bitcoin #NayibBukele
El Salvador President Nayib Bukele announced on Twitter that a meeting of 32 central banks and 12 financial authorities from 44 countries would take place on May 16.
The meeting held is to discuss financial inclusion, the digital economy, banking for the unbanked, and El Salvador's Bitcoin rollout and benefits.
Following President Bukele's official declaration, Bitcoin Beach tweeted a globe map with countries who have either already adopted Bitcoin or are attending Monday's summit colored in, with the caption "Probably nothing.
#ElSalvador #Bitcoin #NayibBukele
President of #ElSalvador: "We will begin buying one #Bitcoin every day tomorrow."
It’s Never Too Late!
The relevance of the #cryptocurrency sector is increasing over time, and adoption rates are skyrocketing. El Salvador's president is living proof of this rising #adoption rate!
What are you waiting for?
It’s Never Too Late!
The relevance of the #cryptocurrency sector is increasing over time, and adoption rates are skyrocketing. El Salvador's president is living proof of this rising #adoption rate!
What are you waiting for?
#ElSalvador maintains #Bitcoin holdings, prioritizing long-term strategy over potential short-term profits.
Bitcoin donations via citizenship program fuel El Salvador's #crypto reserves, supporting plans for Bitcoin bonds and a crypto hub.
https://coinpedia.org/news/el-salvadors-bitcoin-bet-president-bukele-vows-not-to-sell-amid-market-highs/
Bitcoin donations via citizenship program fuel El Salvador's #crypto reserves, supporting plans for Bitcoin bonds and a crypto hub.
https://coinpedia.org/news/el-salvadors-bitcoin-bet-president-bukele-vows-not-to-sell-amid-market-highs/
CoinPedia
El Salvador Doubles Down on Bitcoin Holdings Despite Profit Opportunity
In a bold move, President Nayib Bukele of El Salvador has declared that the country will not part ways with its Bitcoin holdings. The president emphasizes
Top #CryptoNews of Last Week
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
1️⃣ #BTC surged 5.25% on February 28th, exceeding $60,000, hitting a record high of 64K. February saw a nearly 45% increase.
2️⃣ In February, #Ethereum surged over 47%, hitting 3.4K on February 28th. It marked its sixth month of gains and its best since July 2022.
3️⃣#MicroStrategy bought 3,000 #bitcoins at $51,813/coin. By Feb 25, 2024, they held 193,000 bitcoins. #Saylor's wealth surged $700M.
4️⃣ Hong Kong's SFC CEO Anita ordered service providers to halt operations by May 31st without licenses. Deadline for virtual asset licenses passed on February 29th.
5️⃣President Nayib Bukele revealed #ElSalvador's #Bitcoin profits surpassing 40% with no plans to sell holdings. Acquisition cost: $44,292; 2,381 #bitcoins held.
6️⃣#SBF's lawyer seeks 63 to 78 months imprisonment, disputing fraud claims. SBF's diagnosed anhedonic depression considered for reduced sentence.
7️⃣After Nigeria banned cryptocurrency trading sites, executives were detained, and passports seized. Central Bank expressed concern over #Binance's operations.
8️⃣#Gemini returned $1.1 billion to customers post-settlement with NYDFS, addressing compliance lapses and reputational damage.
9️⃣ #DoKwon's potential extradition delays from Montenegro might make him miss the US civil trial against the SEC scheduled on March 25th.
#ElSalvador holds over 2,380 #BTC, valued at $158.5 million, with profits exceeding $50 million.
President Bukele's bold move of recognizing #Bitcoin as legal tender faces criticism despite substantial gains.
https://coinpedia.org/news/el-salvadors-bitcoin-investment-pays-off-big-time-how-much-profits-the-country-made/
President Bukele's bold move of recognizing #Bitcoin as legal tender faces criticism despite substantial gains.
https://coinpedia.org/news/el-salvadors-bitcoin-investment-pays-off-big-time-how-much-profits-the-country-made/
CoinPedia
El Salvador Bitcoin Investment Pays Off with Millions in Profits!
In a shocker, President Nayib Bukele has steered El Salvador's Bitcoin holdings to a whopping $150 million, marking a significant milestone in the world
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🇦🇷 Exciting news from Argentina!
Vice President Victoria Villarruel is talking with #ElSalvador's Nayib Bukele about adopting #BTC and using volcano bonds! 🌋💰 She said, “#Bitcoin interests me a lot.” 🚀
Could this lead to a new crypto partnership in Latin America? 🤔 #CryptoNews #Blockchain
Vice President Victoria Villarruel is talking with #ElSalvador's Nayib Bukele about adopting #BTC and using volcano bonds! 🌋💰 She said, “#Bitcoin interests me a lot.” 🚀
Could this lead to a new crypto partnership in Latin America? 🤔 #CryptoNews #Blockchain
Top #CryptoNews In Last 24 Hours
1️⃣ #Tether mints 2 billion $USDT on the #Ethereum network.
2️⃣ #NanoLabs, a China-based crypto mining chip designer, now accepts Bitcoin for payments.
3️⃣ #Bitcoin surpasses Silver, climbing to 8th globally with a ₹1.736 Trillion market cap.
4️⃣ $BTC hits an all-time high of $89,000.
5️⃣ #MicroStrategy acquires $2 billion in #BTC, bringing its total holdings to $23 billion.
6️⃣ Alameda Research sues Waves founder Aleksandr Ivanov to reclaim $90M tied to #FTX's bankruptcy.
7️⃣ #ElSalvador profits $116 million from its #Bitcoin holdings.
8️⃣ FTX files a $1.8B lawsuit against #Binance and former CEO #CZ, seeking a clawback.
9️⃣ #Coinbase stock hits $300 for the first time since 2021.
🔟 Delta Prime #DeFi protocol exploited, resulting in a $4.8 million loss.
1️⃣ #Tether mints 2 billion $USDT on the #Ethereum network.
2️⃣ #NanoLabs, a China-based crypto mining chip designer, now accepts Bitcoin for payments.
3️⃣ #Bitcoin surpasses Silver, climbing to 8th globally with a ₹1.736 Trillion market cap.
4️⃣ $BTC hits an all-time high of $89,000.
5️⃣ #MicroStrategy acquires $2 billion in #BTC, bringing its total holdings to $23 billion.
6️⃣ Alameda Research sues Waves founder Aleksandr Ivanov to reclaim $90M tied to #FTX's bankruptcy.
7️⃣ #ElSalvador profits $116 million from its #Bitcoin holdings.
8️⃣ FTX files a $1.8B lawsuit against #Binance and former CEO #CZ, seeking a clawback.
9️⃣ #Coinbase stock hits $300 for the first time since 2021.
🔟 Delta Prime #DeFi protocol exploited, resulting in a $4.8 million loss.
Top #CryptoNews in Past 24 Hours
1️⃣ #CanaryCapital Submits S-1 Filing to #SEC for Launch of $HBAR ETF.
2️⃣ Italy to Reduce #Crypto Tax Cap to 28%, Down from Proposed 42%.
3️⃣ #ElSalvador's Bitcoin Investment Surpasses $525 Million in Profit.
4️⃣ $BTC Breaks Past $90K After a Massive 24-Hour Rally.
5️⃣ Michael Saylor's #MicroStrategy Stock ($MSTR) Hits New All-Time High at $357.37.
6️⃣ Genius Group ($GNS) to Buy $120 Million in #Bitcoin as Primary Treasury Asset.
7️⃣ $TRON's Market Cap Surpasses $16 Billion, Setting a New #ATH.
8️⃣ #Coinbase Launches the #COIN50 Index to Track Digital Assets.
9️⃣ Justin Drake Proposes "#BeamChain" as a Potential Replacement for #Ethereum Beacon Chain.
🔟 Sam Altman's $WLD Makes Its Debut in Brazil.
#CoinPedia #Blockchain #CryptoMarket
1️⃣ #CanaryCapital Submits S-1 Filing to #SEC for Launch of $HBAR ETF.
2️⃣ Italy to Reduce #Crypto Tax Cap to 28%, Down from Proposed 42%.
3️⃣ #ElSalvador's Bitcoin Investment Surpasses $525 Million in Profit.
4️⃣ $BTC Breaks Past $90K After a Massive 24-Hour Rally.
5️⃣ Michael Saylor's #MicroStrategy Stock ($MSTR) Hits New All-Time High at $357.37.
6️⃣ Genius Group ($GNS) to Buy $120 Million in #Bitcoin as Primary Treasury Asset.
7️⃣ $TRON's Market Cap Surpasses $16 Billion, Setting a New #ATH.
8️⃣ #Coinbase Launches the #COIN50 Index to Track Digital Assets.
9️⃣ Justin Drake Proposes "#BeamChain" as a Potential Replacement for #Ethereum Beacon Chain.
🔟 Sam Altman's $WLD Makes Its Debut in Brazil.
#CoinPedia #Blockchain #CryptoMarket