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Nayib Bukele

A collection of 7 posts

El Salvador Harnesses Volcanic Power for Sustainable Bitcoin Mining

El Salvador Harnesses Volcanic Power for Sustainable Bitcoin Mining

In the heart of Central America, El Salvador has embarked on an innovative venture that intertwines the digital economy with one of nature's most formidable forces: a volcano. This small nation has successfully mined 474 Bitcoins, amassing a value of $29 million, by harnessing the geothermal energy from

Bitfinex Shifts Derivatives Operations to Bitcoin Friendly El Salvador

Bitfinex Shifts Derivatives Operations to Bitcoin Friendly El Salvador

In a significant move that underscores the growing acceptance of digital assets, Bitfinex Derivatives exchange has announced its relocation to El Salvador, following the acquisition of a Digital Asset Service Provider (DASP) license in the country in 2023. This strategic shift not only marks a new chapter for the company

El Salvador Doubles Down on Bitcoin Amidst IMF Deal

El Salvador Doubles Down on Bitcoin Amidst IMF Deal

El Salvador has taken a bold step forward in its embrace of Bitcoin, accelerating its Bitcoin acquisitions just a day after striking a deal with the International Monetary Fund (IMF). This move not only underscores the nation's commitment to Bitcoin but also navigates the tricky waters of international

El Salvador To Shutdown Chivo Wallet, Adjusts Bitcoin Strategy in IMF Agreement

El Salvador To Shutdown Chivo Wallet, Adjusts Bitcoin Strategy in IMF Agreement

El Salvador's bold venture into the world of Bitcoin has hit a significant roadblock with the recent $1.4 billion loan agreement from the International Monetary Fund (IMF). This deal, while a financial lifeline, comes with strings attached that could alter the trajectory of the country's

El Salvador President Nayib Bukele Shows Off His Bitcoin Wallet, Has Over $630 Million

El Salvador President Nayib Bukele Shows Off His Bitcoin Wallet, Has Over $630 Million

El Salvador's President Nayib Bukele has once again caught the world's attention by showcasing the fruits of his nation's Bitcoin investment strategy. Bukele recently took to X (formerly known as Twitter) to share a screenshot of El Salvador's Bitcoin wallet, revealing a

Argentina and El Salvador Join Forces in Crypto Regulation

Argentina and El Salvador Join Forces in Crypto Regulation

Argentina has embarked on a collaborative journey with El Salvador to refine and enhance their regulatory frameworks surrounding cryptocurrencies. This partnership, orchestrated under the guidance of President Javier Milei, underscores a commitment to creating a robust and transparent environment for virtual asset service providers (VASPs). The heart of this collaboration

El Salvador Scales Back Bitcoin Ambitions in Pursuit of $1.3 Billion IMF Loan

El Salvador Scales Back Bitcoin Ambitions in Pursuit of $1.3 Billion IMF Loan

In a strategic pivot, El Salvador is on the brink of securing a significant $1.3 billion loan from the International Monetary Fund (IMF). This move comes after the country's experiment with Bitcoin, which has been a defining feature of President Nayib Bukele's administration. The deal,