$79,358.00
0.58%$1,569.73
-1.11%$1.93
-1.75%$559.28
1.06%$0.999895
-0.00%$108.20
1.23%$0.150263
-0.18%$0.228724
-0.77%$0.589638
1.83%$1,564.46
-1.17%$79,268.00
0.58%$8.95
1.33%$0.999972
0.01%$3.09
4.28%$11.56
1.80%$0.234129
-0.85%$16.82
4.11%$0.00001147
0.78%$1,873.59
-1.71%$2.05
7.04%$0.151258
6.90%$6.27
6.98%$3.62
-2.28%$277.23
1.41%$72.06
1.11%$0.999379
-0.02%$0.999165
0.03%$4.08
-2.01%$1,567.52
-1.13%$0.596248
-3.04%$28.07
1.84%$11.73
12.31%$203.71
1.74%$1,667.99
-1.27%$5.18
2.06%$51.28
-4.91%$1.047
0.01%$0.00000655
4.32%$4.45
2.60%$79,422.00
0.69%$20.80
0.62%$2.13
-1.02%$0.768883
5.62%$30.14
0.88%$0.694585
-1.62%$0.084732
4.26%$4.67
1.09%$14.66
3.36%$1.17
0.26%$0.99642
0.19%$133.71
3.25%$1.00
0.00%$4.42
-1.26%$0.02037156
3.22%$4.05
0.37%$202.04
9.98%$79,101.00
0.26%$0.294098
7.43%$0.062258
6.03%$7.92
-1.78%$2.39
0.35%$2.97
7.10%$0.17461
3.14%$2.50
7.02%$0.167663
2.82%$0.431961
-2.22%$0.276217
3.33%$79,154.00
0.44%$0.767961
6.77%$8.81
0.76%$4.12
4.48%$1,227.59
4.99%$0.066059
-0.06%$0.621981
4.74%$0.395635
2.75%$0.999524
0.03%$0.987237
0.59%$0.343286
0.66%$1,566.70
-1.13%$64.06
-1.97%$1,626.36
-1.15%$112.70
0.95%$15.50
4.76%$0.998025
-0.15%$0.557273
4.48%$0.66052
5.59%$0.329541
2.97%$0.998659
-0.08%$0.00001023
4.30%$1.001
0.20%$0.998354
0.07%$1,763.50
-1.95%$0.01194407
-2.03%$2,997.19
-1.43%$0.150717
2.41%$0.721442
3.80%$0.075446
3.09%$7.32
3.22%$0.398028
5.71%$78,761.00
0.26%$556.72
0.51%$3,003.24
-1.09%$79,151.00
0.43%$0.698851
0.15%$0.999223
-0.04%$0.59951
2.46%$1,660.14
-1.63%$0.463254
8.59%$0.241921
3.67%$0.0134364
4.45%$0.457524
1.67%$0.097599
-1.54%$0.00000058
-4.77%$35.10
-5.95%$0.151166
2.88%$0.549317
23.62%$27.33
1.34%$0.999788
-0.07%$0.330982
-1.32%$138.56
1.00%$1.82
13.14%$1.60
2.45%$0.998886
0.18%$0.00005124
4.67%$1.70
4.87%$1,629.41
-1.37%$0.069357
5.99%$1.64
4.76%$1.004
0.35%$0.00977966
4.87%$4.36
-8.62%$2.60
5.19%$2.89
7.84%$0.999185
-0.07%$1.00
0.02%$0.420058
4.88%$0.482586
17.58%$0.121587
4.52%$13.31
0.35%$117.89
0.59%$1.096
-0.02%$0.999737
-0.05%$74,563.00
-3.93%$0.558182
4.08%$0.42166
7.87%$1.089
0.32%$0.155007
3.32%$0.00443163
2.19%$1.004
4.14%$110.60
0.02%$0.216247
0.18%$0.00000041
-3.25%$79,197.00
0.55%$79,007.00
0.68%$2.41
-1.32%$0.149584
-0.46%$23.41
-3.82%$0.00678807
8.17%$1,666.09
-1.30%$0.03887783
2.98%$1.051
4.92%$0.126828
4.75%$13.08
4.15%$78,453.00
1.90%$40.08
0.24%$0.070054
-2.70%$79,261.00
0.62%$1.001
0.34%$0.0000176
1.23%$0.562358
-1.12%$0.999239
-0.00%$0.34867
4.15%$4.35
-9.02%$5.21
1.45%$4.80
0.50%$0.074559
2.34%$1,569.47
-0.89%$1,566.89
-1.12%$1,568.13
-1.08%$0.997985
0.10%$1,653.16
-2.64%$0.402318
3.59%$1.52
3.25%$0.00000156
9.73%$0.00601864
5.75%$0.157225
7.28%$0.751882
2.63%$0.475158
2.65%$0.00005648
3.02%$0.173983
1.24%$1,566.84
-1.18%$0.999368
0.04%$0.31697
4.81%$0.0089611
1.72%$0.0297303
-4.16%$1.003
0.27%$2.59
1.19%$78,540.00
-1.32%$1,586.46
-1.05%$0.00333422
1.44%$0.00421714
5.07%$0.32823
2.32%$0.02650129
5.79%$99.61
-2.79%$0.124331
-0.55%$79,068.00
0.58%$0.205736
1.18%$2,981.19
-1.78%$2.62
-1.10%$1,540.79
-1.39%$1,567.93
-1.17%$0.428373
1.08%$0.979492
0.56%$0.206438
6.59%$1.002
0.24%$19.68
-0.98%$0.476445
1.34%$0.985133
9.61%$0.526273
-0.18%$20.78
-1.27%$0.163961
-0.59%$0.225489
2.84%$1,649.76
-1.38%$0.907911
13.43%$1,717.74
-1.04%$0.997316
-0.11%$0.0273972
-0.33%$1,594.16
0.62%$0.03051031
2.01%$0.615539
2.52%$12.72
-2.59%$0.091063
1.16%$0.494171
-1.65%$1,703.64
-1.18%$2.59
-8.51%$0.999511
0.02%$1.00
-0.01%$0.01011953
0.95%$78,906.00
2.34%$16.83
4.19%$1,560.49
-4.53%$0.052548
2.95%$0.0003178
21.54%$0.00215034
-6.40%$0.420216
3.02%$0.771551
4.88%$0.00182872
5.45%$11.14
1.28%Reading
El Salvador has doubled down on its push for Bitcoin adoption in recent days, courting crypto firms and playing host to crypto-curious nations.
Here’s everything the Bitcoin-friendly nation has been up to recently, as it seeks to buff its credentials as a Bitcoin pioneer.
Ocean, a Bitcoin mining pool backed by Block founder Jack Dorsey, has launched a “global hub” in El Salvador. Per a press release, the firm’s newly formed Ocean Mining S.A. de C.V. entity will be headquartered in the nation's capital, San Salvador.
The firm claimed that its new hub will help it to continue the decentralization of Bitcoin mining across the globe, with its co-founder and CTO, Bitcoin Core developer Luke Dashjr, adding that the country is “on the leading edge of Bitcoin and Bitcoin mining adoption.”
OCEAN, a Bitcoin mining pool backed by Jack Dorsey and led by Bitcoin Core developer Luke Dashjr, has established a new hub in El Salvador. The new entity will be the company’s international hub for business development, headquartered in the capital city of San Salvador. The company said the new hub will help with its commitment to decentralize BTC mining globally. "El Salvador is on the leading edge of Bitcoin and Bitcoin mining adoption," said Luke Dashjr, OCEAN's co-founder and CTO, "and we b...
The firm’s president, Mark Artymko, added that the country's political stance on Bitcoin stood in “stark contrast” to countries that had legislated to ban Bitcoin mining, including Venezuela and the EU.
This week also saw ARK Invest CEO Cathie Wood travel to El Salvador to meet with the country’s pro-Bitcoin president, Nayib Bukele. Wood and economist Art Laffer discussed Bukele’s plans to use Bitcoin and AI to “turbocharge his economic and education reforms,” she said in a tweet following their meeting.
Thank you @maxkeiser and Stacy for introducing Art Laffer, @dpuellARK, Marc Seal, and me to President Bukele last week. Harnessing #bitcoin and #AI to turbocharge his economic and education reforms, the President could scale El Salvador's GDP 10-fold during his next 5-year term. https://t.co/7vjYwJ8mLe
— Cathie Wood (@CathieDWood) May 28, 2024
She added that Bukele’s “determination to turn El Salvador into an oasis for the bitcoin and AI communities,” could help to scale the country’s GDP tenfold from its current level of around $30 billion.
Officials from Argentina’s National Securities Commission (CNV) this week met with El Salvador’s National Digital Assets Commission (CNAD) to discuss the country’s experience using Bitcoin as legal tender.
Most of the top 100 tokens are in the green as Bitcoin jumps 2.5% and slips past $70,000 while Ethereum flirts with $4,000. The price of BTC is $70,136 while the price of ETH is $3,934 as of writing, according to CoinGecko data. This comes as Argentina opens discussions with El Salvador’s Digital Assets Commission on their experience using Bitcoin as legal tender. “El Salvador has established itself as a global leader not only in the use of Bitcoin but also in the broader realm of digital asset...
“El Salvador has established itself as a global leader not only in the use of Bitcoin but also in the broader realm of digital assets,” Roberto E. Silva, president of Argentina’s CNV, said in a blog post. He added that the country aims to “strengthen our ties” with El Salvador and is exploring “potential collaboration arrangements.”
The Central American nation made headlines in 2021 when it became the first country in the world to make Bitcoin legal tender.
The country’s president, Nayib Bukele, embarked on a Bitcoin buying spree, with the country revealing earlier this week that its holdings now amounted to nearly $400 million at current prices.
El Salvador’s Bitcoin-loving leader Nayib Bukele has added to the country’s crypto holdings, which have swelled to almost $400 million in virtual currency. In a Monday Twitter post, the popular President showed off an address holding over 5,695 BTC. At today’s prices, that would mean the country holds over $391 million in digital coins. President Bukele’s administration was previously opaque about its Bitcoin buys. The leader would post on Twitter when he would buy the asset—even boasting that...
El Salvador’s embrace of Bitcoin brought an influx of crypto tourists to the nation, with the country offering a “freedom visa” to wealthy foreigners who invested $1 million in Bitcoin or Tether into its coffers. Among locals, adoption of the cryptocurrency has been less enthusiastic, with only 1% of remittances from citizens living outside the country made in crypto during 2023.
The country's has also faced criticism for its enthusiastic adoption of Bitcoin, with the likes of the World Bank and the IMF warning that it threatens the country’s financial stability. Last year, several U.S. Senators questioned whether El Salvador’s adoption of Bitcoin posed a threat to the United States, arguing that it threatened the country's capacity to “effectively combat money laundering and illicit finances.”
Edited by Stacy Elliott.
Strategy is not expecting a first-quarter profit, given billions of dollars in unrealized losses on its Bitcoin holdings, the company said on Monday. The Tysons, Virginia-based firm—formerly known as MicroStrategy—said the value of its Bitcoin holdings fell $5.91 billion on paper in the first quarter, according to a filing with the Securities and Exchange Commission. “We may not be able to regain profitability in future periods, particularly if we incur significant unrealized losses related to o...
Franchise owners of restaurant brands Johnny Rockets, Fatburger, Round Table Pizza, Great American Cookies, and other FAT Brands entities can now pay franchisee royalty payments in Bitcoin. The publicly traded FAT Brands (Nasdaq: FAT), which boasts 18 different franchise concepts and more than 2,300 locations worldwide, said the move “underscores its commitment to financial and technological innovation.” “Over the years, Bitcoin has transformed into a mainstream asset and, as a company, we see...
Users of popular payments apps PayPal and Venmo will soon be able to buy, sell, hold, and transfer Solana and Chainlink from directly inside their accounts alongside leading cryptocurrencies Bitcoin and Ethereum. PayPal said that adding the new coins, which are both among the top 15 most valuable cryptocurrencies by market cap respectively according to data from CoinGecko, reflects the company’s "dedication to the evolving digital currency landscape.” “Since we initially made cryptocurrencies a...
