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Is Bukele Lying? IMF Statements Hint at Bitcoin Recirculation Practices

Is Bukele Lying? IMF Statements Hint at Bitcoin Recirculation PracticesEl Salvador’s President Nayib Bukele stated that the nation will not stop hoarding bitcoin after the infamous IMF deal, and the bitcoin office claims it is still purchasing bitcoin. However, statements made by IMF spokespersons indicate that these recent additions are consistent with the stipulations of the deal. So, what’s happening? IMF Hints at Asset […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

IMF Requests New Bitcoin Restrictions on El Salvador, Including Ending BTC Purchases With Public Funds

IMF Requests New Bitcoin Restrictions on El Salvador, Including Ending BTC Purchases With Public Funds

The International Monetary Fund (IMF) is attempting to impose strict restrictions on El Salvador as part of a $1.4 billion loan agreement, targeting the country’s controversial Bitcoin (BTC) adoption strategy. Under new conditions in the IMF’s Staff Country Report, El Salvador must halt public sector acquisitions of the BTC, dissolve the Fidebitcoin trust fund by […]

The post IMF Requests New Bitcoin Restrictions on El Salvador, Including Ending BTC Purchases With Public Funds appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Faith Rekindled: El Salvador Buys Bitcoin Again After One-Week Hiatus

Faith Rekindled: El Salvador Buys Bitcoin Again After One-Week HiatusEl Salvador has resumed its bitcoin purchase schedule, buying 7 BTC after a one-week hiatus, which raised concerns among bitcoiners. The reason for the pause in the bitcoin acquisition schedule remains unknown. President Bukele Re-Ignites the Faith: El Salvador Buys Bitcoin Again El Salvador has resumed its bitcoin purchases after a week of hiatus, according […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin AdoptionMichael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb. 13 […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

El Salvador Inks Cloud Services Agreement With Rumble

El Salvador Inks Cloud Services Agreement With RumbleThe government of El Salvador has entered into a service agreement with Rumble, a Canadian video and cloud services company. The company will provide cloud computing services to El Salvador, including data storage, databases, load balancers, and remote application integration. El Salvador to Rely on Rumble for Cloud Computing Services The government of El Salvador […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over $574,000,000

El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over 4,000,000

The government of El Salvador raised its daily Bitcoin (BTC) purchase by elevenfold on two separate days in the past week. The Central American country started buying one BTC every day in November 2022, shortly after the crypto exchange FTX imploded. Last Friday, however, El Salvador purchased more than 11 BTC worth $1.07 million, and […]

The post El Salvador Raises Daily Bitcoin Purchase Elevenfold for Two Days As BTC Reserves Soars to Over $574,000,000 appeared first on The Daily Hodl.

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

El Salvador’s Bitcoin gains top $300M — President

El Salvador’s unrealized gains of more than $300 million on its Bitcoin purchases came as BTC broke through the $100,000 milestone price.

Salvadoran President Nayib Bukele highlighted the country’s unrealized gains from its Bitcoin investments on social media after the cryptocurrency surpassed $100,000 for the first time.

On Dec. 5, Bitcoin (BTC) reached $100,000 for the first time, sparking celebrations within the crypto community. That same day, Autism Capital, a crypto-focused account on X, asked Bukele to share El Salvador’s Bitcoin portfolio to “dunk on the haters.” Bukele responded by posting the country’s BTC holdings on X.

Source: Nayib Bukele

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JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%

The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.

Business intelligence firm MicroStrategy’s Bitcoin stash has just crossed over $20 billion in value as Bitcoin rallied above $80,000.

MicroStrategy’s 252,200 Bitcoin (BTC) is now worth $20.54 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” named after the firm’s executive chairman, Michael Saylor.

Source: Michael Saylor

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JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s Economy

Latam Insights Encore: Bukele’s Zero-Debt Budget Is a Good Start to Heal El Salvador’s EconomyWelcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise

Latam Insights: Bukele Announces Self-Financed Budget; Salvadoran Coffee Purchase Settled With Bitcoin

Latam Insights: Bukele Announces Self-Financed Budget; Salvadoran Coffee Purchase Settled With BitcoinWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region’s markets. Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue […]

JPMorgan Chase Launches Zelle Payment Restrictions, Wells Fargo Refuses To Reimburse $60,000, and Bank of America Customer Battles False Report of His Demise