Tag: Salvador

Inmates transferred to El Salvador “mega prison”

STORY: :: El Salvador transfers around 2,000 inmates to a ‘mega prison’ :: Salvadoran government handout :: Tecoluca, El Salvador :: Released June 11, 2024 Around 2,000 prisoners were moved to the 40,000-person-capacity prison, considered to be the largest in the Americas. In a video posted by the government, prisoners stripped down to white shorts, […]

El Salvador Doubles Down on Bitcoin

In a series of strategic moves that underline its commitment to cryptocurrency, El Salvador continues to deepen its engagement with the digital currency market, particularly bitcoin {{BTC}}. President Nayib Bukele recently announced El Salvador’s plan to buy one bitcoin every day, aiming to continue this practice until it becomes unaffordable with fiat currencies. This initiative […]

El Salvador Has Thousands More Bitcoins Than Previously Known

El Salvador moved more than 5,000 BTC into a cold wallet this week. The disclosure by President Nayib Bukele nearly doubles the country’s known stash of the digital asset. Bitcoin-forward Central American nation El Salvador this week moved $400 million worth of bitcoin {{BTC}} – “a big chunk” – into a cold wallet, according to […]

‘World’s coolest dictator’ expected to be re-elected president in El Salvador

People in El Salvador are voting in presidential and legislative elections that are largely about the trade-off between security and democracy. With soaring approval ratings and virtually no competition, Nayib Bukele – the self-described “world’s coolest dictator” – is almost certainly heading for a second term as president. El Salvador’s constitution prohibits re-election, but Mr […]