Nayib Bukele


Finance

El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says

The last purchase by the Central American country had been in May.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Markets

With Market Crash, El Salvador Is Down $52M on Its Bitcoin Bet

The country has made $104 million in investments in the cryptocurrency since it made bitcoin legal tender last September.

El Salvador President Nayib Bukele has reportedly targeted journalists with spyware. (Michael Nagle/Bloomberg via Getty Images)

Markets

Will El Salvador Default on Its Sovereign Debt in 2023?

While the issuance of a $1 billion bitcoin bond is delayed, President Nayib Bukele must face payments of $800 million next January. Will he make it?

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Videos

Bitcoin Mining Difficulty Likely to Drop Next Week

“All About Bitcoin’s” Friday panel looks at what’s ahead: bitcoin mining difficulty is expected to drop next week, the World Economic Forum kicks off its annual meeting Sunday with crypto on the agenda, and what to expect from El Salvador as President Nayib Bukele hosted 44 countries to discuss bitcoin.

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Videos

Nayib Bukele Announces 44 Countries to Meet in El Salvador to Discuss Bitcoin

El Salvador president Nayib Bukele said on Twitter 44 countries will meet in the country on Monday to discuss “financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits.”

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Finance

El Salvador Acquires 500 Additional Bitcoin Amid Market Drop

President Nayib Bukele tweeted that his country “just bought the dip.”

El Salvador President Nayib Bukele

Layer 2

The Crypto Company Aiding El Salvador’s Bitcoin Adoption

Chicago-based Athena Bitcoin deployed bitcoin ATMs in El Salvador a week after the government legalized bitcoin as legal tender. Despite rollout problems, the company remains bullish on the project. This piece is part of CoinDesk's Payments Week.

SAN SALVADOR, EL SALVADOR - NOVEMBER 22: A shoe shiner works outside a shop that accepts Bitcoin for payment on November 22, 2021 in San Salvador, El Salvador. Merchants in El Salvador slowly adopt Bitcoin as a means for payments after more than 2 months of the cryptocurrency being approved as legal tender by the Legislative Assembly (Photo by Camilo Freedman/APHOTOGRAFIA/Getty Images)

Finance

Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds

“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.

Un cajero automático Chivo en San Salvador, El Salvador (Camilo Freedman/APHOTOGRAFIA/Getty Images)

Finance

El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance

Bukele had previously teased he would be making an important announcement at this year’s conference.

Nayib Bukele, President of El Salvador (Michael Nagle/Bloomberg/Getty Images)