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Tag: Nayib Bukele

El Salvador Acquires $100M in Bitcoin Amid Price Slump

El Salvador Acquires $100M in Bitcoin Amid Price Slump

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Significant Purchase: El Salvador added approximately 1,000 BTC to its treasury for $100 million on November 18. Updated Holdings: The country’s Bitcoin stockpile now stands at around 7,500 BTC, valued at nearly $700 million. Market Context: The acquisition occurred as Bitcoin prices fell to a seven-month low below $90,000, reflecting a strategic ‘buy the dip’ approach. El Salvador has ramped up its...

Bitcoin, Cryptocurrencies, El Salvador, Front page, Nayib Bukele, News

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El Salvador Bitcoin Law Reform

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El Salvador reforms its Bitcoin Law to secure a $1.4 billion IMF loan. Bitcoin acceptance becomes voluntary, stripping its mandatory legal tender status. Despite changes, El Salvador continues to accumulate Bitcoin. El Salvador’s Bitcoin Law Overhaul El Salvador’s Congress passed a significant reform to its Bitcoin Law, aligning with the International Monetary Fund’s (IMF) conditions for a $1.4 billion...

Bitcoin, Cryptocurrencies, Front page, IMF, Nayib Bukele, News, Salvador

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El Salvador wants one Bitcoin a day

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Recently, in response to the FTX problem, the president said that this exchange was antithetical to the essence of Bitcoin. A few hours ago, he revealed on Twitter a significant decision: beginning immediately, he will purchase one Bitcoin each day. Bitcoin (BTC) has seen a price decrease of 64.69 percent so far this year as a result of the cryptocurrency crisis, which has been triggered by a number of events, including the failure and...

Bitcoin, Crypto adoption, Cryptocurrencies, El Salvador, Front page, Main, Nayib Bukele, News

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