El Salvador


Finance

Strike CEO: El Salvador’s Bitcoin Experience ‘Doesn’t Hurt My Company at All’

Jack Mallers joined CoinDesk TV’s "First Mover" to discuss El Salvador, bitcoin and how the mobile payments app is working to change the payment system for merchants and consumers globally.

Strike CEO Jack Mallers speaks at the Bitcoin 2022 conference in Miami. (Danny Nelson/CoinDesk)

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Jack Mallers’ Crypto Payment Firm Strike Raises $80M

Jack Mallers, CEO and founder of Chicago-based bitcoin payment provider Strike, discusses bitcoin as a store of value, use cases of the Bitcoin payments system, and the Lightning Network. Plus, Mallers’ take on El Salvador’s bitcoin experiment and how Strike plans to use its latest $80 million raise.

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Jack Mallers on El Salvador’s Bitcoin Experiment

September marks the one-year anniversary of El Salvador adopting bitcoin (BTC) as legal tender. Jack Mallers, the Chicago-based company executive known for helping El Salvador adopt bitcoin, reflects on the milestone.

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Bitcoin Lake Project Founder on Sustainable Crypto Mining Through Used Cooking Oil

Some residents in Guatemala are taking a cue from El Salvador's Bitcoin Beach, aiming to use cooking oil remnants that could otherwise make its way into a local lake in Panajachel (Pana), for bitcoin (BTC) mining. Bitcoin Lake Founder Patrick Melder shares insights into the project. "It's the first time in the world that cooking oil is being used to create energy to mine bitcoin," Melder said.

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Markets

El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks

The bond repurchase is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt.

El lanzamiento de los bonos bitcoin de El Salvador continúa demorado. (Esaú González, Unsplash)

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El Salvador Debt Downgraded to CC Rating as President Bukele Seeks Re-Election

El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report. "The Hash" panel discusses the outcome of President Bukele's bitcoin initiatives and the chances for him to be re-elected after his term ends in 2024.

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Finance

El Salvador's Debt Rating Cut to CC by Fitch

The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.

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

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1 Year of Bitcoin in El Salvador: The Bad, the Good and the Ugly

Despite many real stumbles and skeptical mainstream coverage of Nayib Bukele’s bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs.

A demonstrator holds an effigy of President Nayib Bukele next to a sign against the approved Bitcoin Law during a protest against the government on Oct. 17, 2021, in San Salvador, El Salvador. (Emerson Flores/APHOTOGRAFIA/Getty Images)

Markets

El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond

The offers have been viewed as an attempt to counter speculation about a potential default by the country.

El lanzamiento de los bonos bitcoin de El Salvador continúa demorado. (Esaú González, Unsplash)

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BTG Pactual Exec on El Salvador’s First Year of Bitcoin Adoption

BTG Pactual's Head of Digital Assets Andre Portilho joins "First Mover" to discuss crypto market growth in South America, citing El Salvador's one-year anniversary of adopting bitcoin as legal tender. Given the "technology challenges," we have yet to know whether President Bukele succeeded or not, he said.

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