Alfaro, Laura, Carla Larangeira, and Ruth Costas. "El Salvador: Launching Bitcoin as Legal Tender." Harvard Business School Case 322-055, March 2022. (Revised February 2024.) ...

The sudden decline led to $950 million in liquidations across cryptocurrency platforms. At press time, Bitcoin traded around $91,000, down 4% in 24 hours. “El Salvador finally abandoned its ...

El Salvador has improved its national Bitcoin reserve by adding 11 Bitcoins for $1 million. The latest investment means that the country holds a total of 5,980 Bitcoins. The purchase comes only a ...

In 2021, El Salvador caught the world's attention by becoming the first country to make cryptocurrency legal tender, alongside the US dollar. Last December, as the price of bitcoin broke $100,000 ...

This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin City, here. The sun was setting as I rolled into El Zonte, a small surfing ...

El Salvador’s heralded adoption of Bitcoin as legal tender appears to be undergoing a significant downgrade as businesses are no longer obliged to accept the cryptocurrency. As part of a $1.4 billion ...

The International Monetary Fund (IMF) is looking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country. On March 3, the IMF issued a ...

El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for ...

The President of El Salvador, Nayib Bukele, assured on Tuesday that the country “will not stop” and will continue buying bitcoin for its strategic reserve, despite the fact that the crypto asset will ...

Four years after becoming the first country to adopt bitcoin as legal tender, El Salvador is taking a step back. The Legislative Assembly has approved changes to the country's Bitcoin Law ...

This article is part of a four-piece series on El Salvador. You can find the second dispatch, a story on Bitcoin City, here. In El Salvador, about two hours away from the capital, up in the ...

"You can call it our first bitcoin piggy bank," Bukele added. "It's not much, but it's honest work." Blockchain data shows that the majority of El Salvador's bitcoin holdings are routing through ...