Collapse of El Salvador's Bitcoin dream

The collapse of El Salvador's bitcoin dream
Bukele's embrace of bitcoin was part of an attempt to "rebrand the tiny and impoverished" nation as a "surfing and cryptocurrency paradise", said the Financial Times. He announced plans to build a "Bitcoin City" in the jungle, "powered by geothermal energy on the slopes of a volcano".
El Salvador announces more bitcoin purchases, gives IMF assurances
El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to above 6,102 coins, the National Bitcoin Office posted on social media.
IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador
The IMF continues to expand arrangements under its $1.4 billion deal with El Salvador, seeking to restrict Bitcoin purchases by the public sector.
IMF Puts the Brakes on El Salvador’s Bitcoin Frenzy
In a controversial move to temper El Salvador’s Bitcoin enthusiasm, the International Monetary Fund (IMF) has rolled out fresh terms under a
President says El Salvador’s won’t stop buying Bitcoin following IMF claim – ‘Proof of work > proof of whining’
The El Salvador government recently signed a $1.4B financing deal with the IMF. The deal includes measures aimed at reducing the country’s Bitcoin exposure. Despite the agreement, El Salvador has continued to increase its Bitcoin portfolio.
El Salvador’s Bitcoin Purchases Won’t Stop Despite IMF Pressure, Nayib Bukele Says
President Nayib Bukele insists El Salvador will continue purchasing Bitcoin despite the IMF's pressure. A signed deal between the government and the IMF appears to
Nayib Bukele Says El Salvador Will Keep Buying Bitcoin Despite IMF Deal, Draws Criticism
Nayib Bukele is under fire among Bitcoiners and prominent figures in the crypto industry after he insisted that El Salvador will not halt its strategic Bitcoin reserve even if the IMF's funding deal c
Forbes29d
El Salvador’s President Nayib Bukele Offers To House US Criminals In His Country’s Jails
El Salvador’s President Nayib Bukele offered to house criminals from any nationality deported from the U.S.—including “dangerous criminals” who are American citizens—in his country’s ...
Hosted on MSN29d
El Salvador offers to jail criminals deported from the US
El Salvador on Monday offered to house in its ... 20 Important Things to Tell Your Daughter Before She Turns 13 Israel announces it will stop all goods and supplies from entering Gaza Watch ...
The Times of Israel1mon
Authentic Encounters with the World’s Gentle Giants: A Unique Whale Watching Experience in El Salvador
A Sustainable Future for El Salvador’s Wildlife El Salvador’s ... has spearheaded environmental and educational initiatives in Israel. Notably, he has contributed to ecological conservation ...
Fox News29d
El Salvador agrees to accept US deportees of any nationality following meeting with Rubio
El Salvador's President Nayib Bukele has offered for illegal immigrants – of any nationality – facing deportation in the U.S. to be booked in his country's prison system in exchange for a fee.
Inside The Games3d
El Salvador charts Olympic course for 2025-2028
With an investment of over half a million euros, the El Salvador Olympic Committee (COES) is strengthening its commitment to ...
The Times of Israel19d
Palo Verde Sustainable Hotel – A Model for Responsible Hospitality in El Salvador
Kimmy’s personal journey and passion for wellness have led her to a new initiative: hosting women’s healing retreats in El Salvador ... initiatives in Israel. Notably, he has contributed ...
Migrant Boy's Letter to Friend: 'If ICE Takes Me, Don't Forget About Me'
"If ICE takes me don't forget about me I will be in El Salvador. You're my best friend, the brother I never had. I cry every night thinking that they will come for me at school," the letter from the ...