ARK Invest CEO Cathie Wood has predicted that El Salvador's gross domestic product (GDP) could increase tenfold over the next five years if it continues its Bitcoin and artificial intelligence adoption plan under President Nayib Bukele, “President Bukele’s determination to turn El Salvador into an oasis for the Bitcoin and ...
El Salvador has recently unveiled its proof-of-reserves platform, a website that allows for real-time monitoring of the nation's Bitcoin holdings through on-chain data. The website is hosted at bitcoin.gob.sv, and it offers tools to obtain insights into the country's cryptocurrency reserves. The South American country currently holds about 5,748 BTC, ...
Nayib Bukele is set to begin another five-year term as President in El Salvador as he boasts of a massive lead over his opponents, as indicated by exit polls reported by Reuters on Monday, February 2024. Provisional results revealed that Bukele had more than 80% of the votes cast by ...
El Salvador's current vice president, Felix Ulloa, has reportedly declared that Bitcoin will remain legal tender in the country if the current President secures reelection. According to a Reuters report, Ulloa claimed that this position on Bitcoin's legal tender status would remain despite the International Monetary Fund's (IMF) pleas to ...
On August 8, 2023, Binance announced that it had been granted a licence to offer crypto services to residents of El Salvador. With these regulatory approvals, Binance can now provide tailored cryptocurrency products and services in the country. #Binance is now El Salvador’s first fully licensed crypto exchange! 🇸🇻 With ...
