El Salvador

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Volcano Bitcoin Mining Gives El Salvador $29 Million Boost

El Salvador has mined nearly 474 bitcoins worth around $29 million since September 2021 using geothermal energy from the Tecapa volcano, official data revealed. This boosts the country's total bitcoin holdings to 5,750 BTC valued at over $360 million.JUST IN:...

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First Nation to Buy Bitcoin El Salvador Passes $400 Million in Holdings

El Salvador, the first country to make Bitcoin legal tender, and to adopt a Bitcoin investment strategy for its national treasury, has now accumulated over $400 million worth of Bitcoin.President Nayib Bukele led the effort to pass a law making...

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Presidential Election Puts El Salvador’s Bitcoin Future At A Crossroads

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. On...

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Bitcoin as Legal Tender: El Salvador’s Risky Financial Maneuver Struggles to Pay Off

More than two years after implementing Bitcoin (BTC) as legal tender, El Salvador’s big crypto bet is still struggling to bear fruit That includes the government’s own BTC investments, which still appear to be underwater due to the president’s ill-timed...

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Bitcoin Price Up 120% Since El Salvador Became First Nation to Buy 1 BTC A Day

It's officially been one year since the nation of El Salvador became the first to begin buying Bitcoin every day, joining the millions of savers around the world who dollar cost average into the cryptocurrency.As profiled by Bitcoin Historian Pete...

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