El Salvador


Markets

Flexa Hops Into El Salvador With Lightning Payments as Bitcoin Law Goes Live

Crypto payments firms are rushing into El Salvador as bitcoin becomes legal tender.

Cristina Baussan/Bloomberg via Getty Images

Videos

‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender

El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.

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Videos

Why Crypto Markets Are Pulling Back

El Salvador is on a bitcoin buying spree after the cryptocurrency became legal tender in the country on Tuesday, but the crypto markets remain in the red in pullback mode. Michele Schneider, Managing Director at MarketGauge Group, discusses her take on the “flash crash” and the potential factors driving prices lower.

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Policy

Bitcoin Now Legal Tender in El Salvador, Marking World First

In a show of support, crypto proponents are buying $30 worth of bitcoin to commemorate the occasion known colloquially as “Bitcoin Day.”

Nayib Bukele asiste a la Asamblea Legislativa  por su segundo aniversario en el poder (Foto de Emerson Flores/APHOTOGRAFIA/Getty Images)

Markets

Bitcoin Tumbles Most Since May and El Salvador Buys the Dip

Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.

Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)

Videos

Bitcoin Now Legal Tender in El Salvador, Marking World First

Bitcoin's price fell 11.3% Tuesday as the cryptocurrency officially became legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. President Nayib Bukele tweeted he was “buying the dip” with “150 new coins added." The team of "The Hash" discusses El Salvador leading the world into bitcoin and the implications for the crypto community, global economy and beyond.

Recent Videos

Finance

El Salvador’s Bold Bet on Bitcoin Could Inspire the World

The standard playbook for building national wealth doesn’t work anymore. Bitcoin provides an alternative.

A person purchases a bottle of Coca-Cola from a shop that accepts Bitcoin in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. Photographer: Cristina Baussan/Bloomberg via Getty Images

Policy

State of Crypto: The SEC Takes on DeFi

The SEC’s investigation into DeFi platforms is unsurprising. The question is whether the U.S. regulator will bring charges.

Meritt Thomas/Unsplash

Finance

El Salvador’s Bitcoin Law Is About Self-Determination

Today, bitcoin became legal tender in the Central American nation.

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.