The International Monetary Fund (IMF) has agreed to disburse $120 million to El Salvador following a successful first review of the country’s $1.4 billion loan arrangement. The payout, however, is contingent upon the Central American nation fulfilling strict conditions—chief among them, scaling back its involvement in Bitcoin-related activities. According to ...
Japanese investment firm Metaplanet has overtaken El Salvador in Bitcoin holdings after acquiring an additional 1,241 BTC worth approximately $129 million. This latest purchase brings the Tokyo-listed company’s total stash to 6,796 Bitcoin, currently valued at around $707 million, surpassing El Salvador’s 6,714 BTC, worth roughly $642 million. The announcement ...
El Salvador is pressing ahead with its Bitcoin strategy, continuing to accumulate the cryptocurrency despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that calls for reduced crypto purchases. Economy Minister Maria Luisa Hayem confirmed to Bloomberg that the country's Bitcoin Office remains active in acquiring BTC, ...
El Salvador is making significant advancements in artificial intelligence (AI) by launching its first national AI Lab in partnership with NVIDIA. Recently announced by the Bitcoin Office, this initiative aims to develop sovereign AI capabilities to enhance key sectors like healthcare, education, and the economy. The collaboration, formalized through a ...
El Salvador is enhancing its technology and digital finance landscape by launching the Urban Centers for Welfare and Opportunities (CUBO) AI program. This government initiative aims to provide university-level artificial intelligence education to students and professionals, with Cathie Wood from ARK Invest giving the inaugural lecture. Announced on March 23 ...
The U.S. Strategic Bitcoin Reserve, established by President Donald Trump, has failed to generate the anticipated market rally, according to a new report from crypto exchange Bybit and analytics firm Block Scholes. In a March 7 announcement on his official X account, White House AI and Crypto Czar David Sacks ...
El Salvador has increased its Bitcoin holdings by purchasing an additional 5 BTC, supplementing its usual acquisition of 1 BTC daily. This move comes just days after the Central American nation bought 5 BTC during a market dip. The country’s Bitcoin Office reported that the recent purchase brings El Salvador’s ...
El Salvador’s National Library (BINAES) is launching a dedicated Bitcoin section to promote public understanding of the cryptocurrency. This initiative will feature a curated collection of Bitcoin literature and an operational full-node display, spearheaded by Bitcoin educator PupusasG, a prominent Salvadoran advocate and CUBO+ graduate, to solidify Bitcoin's role in ...
El Salvador increased its Bitcoin holdings by acquiring 12 BTC on February 4 after a market dip. The country previously bought 11 BTC for about $1.1 million at an average of $101,816 per Bitcoin and added another 1 BTC for $99,114. According to the Bitcoin Office tracker, this latest purchase ...
According to Reuters reports, El Salvador's Congress has swiftly approved reforms after President Nayib Bukele submitted them, aligning the country's Bitcoin policies with the conditions of its $1.4 billion loan agreement with the IMF. El Salvador, which had previously been excluded from traditional financial markets due to its high debt ...
