Catenaa, Friday, April 18, 2025- El Salvador ambitious Bitcoin experiment appears to be losing momentum, with 89% of registered Bitcoin service providers now inactive, according to data reviewed by EFE from the Central Reserve Bank. Of the 181 registered providers, only 20 remain active, including state-run Chivo Wallet, Crypto Trading & Investment, and Fintech Americas. […]
Catenaa, Saturday, December 21, 2024 – El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF) after agreeing to reduce its reliance on bitcoin as legal tender. The deal comes as the cryptocurrency briefly hit a record high of over $108,000 this week. Under the agreement, businesses in El Salvador […]
Catenaa, Tuesday, December 10, 2024-El Salvador is reportedly set to amend its controversial Bitcoin law to secure a multi-billion-dollar deal with the International Monetary Fund (IMF), according to a report from the Financial Times. The agreement, expected in the coming weeks, would provide $2 billion in funding from the IMF, World Bank, and Inter-American Development […]
Catenaa, Friday, January 31, 2025 – El Salvador’s Congress passed a bill to amend the country’s Bitcoin adoption policy, shifting from mandatory to voluntary acceptance of the cryptocurrency in the private sector. The move complies with conditions set by the International Monetary Fund (IMF) as part of a $1.4 billion loan agreement. The bill, approved […]
Catenaa, Tuesday, May 20, 2025-El Salvador’s national bitcoin investment has surged to more than $357 million in unrealized profits, as the cryptocurrency approaches its all-time high. President Nayib Bukele said the country’s holdings – roughly 6,181 BTC – are now valued at $644.4 million, more than double the initial investment of $287.1 million. He shared […]
Catenaa, Friday, May 30, 2025-The International Monetary Fund said Tuesday it will “ensure” that El Salvador does not increase its bitcoin holdings, reaffirming a provision of a $1.4 billion loan agreement that restricts further cryptocurrency purchases by the government. The move comes as part of the IMF’s Extended Fund Facility agreement with El Salvador, initially […]
Catenaa, Saturday, March 08, 2025-The International Monetary Fund (IMF) has mandated El Salvador to stop public sector Bitcoin purchases and phase out support for its Chivo wallet as part of a $1.4 billion loan agreement, officials confirmed. Under the agreement, El Salvador must cease voluntary Bitcoin acquisitions using public funds and gradually withdraw financial backing […]
Catenaa, Tuesday, May 13, 2025-Japanese investment firm Metaplanet has overtaken El Salvador in total bitcoin reserves, following its latest purchase of 1,241 BTC worth approximately $126.7 million, the company announced Monday. This brings Metaplanet’s BTC holding to 6,79600, which has as at now a value about $706.7 million. The company reported an average acquisition price […]
Catenaa, Monday, January 19, 2025 – Tether, the issuer behind the $137 billion USDT stablecoin, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license from the regional authorities. This marks a significant step in Tether’s strategy to expand its presence in emerging markets and promote […]