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El Salvador paid $800 million in debt at the start of the year before the maturing period, raising the confidence of investors, as President Bukele says "told you so". El Salvador, which adopted Bitcoin as legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants like JP Morgan, Eaton Vance and PGIM Fixed, prompting President Nayib Bukele to say, “I told you so.” Apart from the institutional giants, the likes of Lord Abbett & Co LLC, Neuberger Berman Group LLC and UBS Group AG have also added debt security since April, reported Bloomberg.  Paolo Ardoino, chief technology officer of Bitfinex, told Cointelegraph that the performance of El Salvador bonds is a clear signal that investors are supportive of the financial policies of the El Salvador government and demonstrates the renewed interest in investing in the El Salvad...

Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments. Bitcoin adoption could swell in Cuba, particularly if private businesses understand the upside to accepting Bitcoin (BTC) as currency. That’s according to a Cuban businessperson and Bitcoin advocate, Erich Garcia Cruz. A recent emigrant to the United States, Cruz is a vocal proponent of Bitcoin adoption in Cuba. Cruz leads the remittance and money transfer services BitRemesas and QvaPay and has been outspoken in his support for his countrymen using Bitcoin since 2020. In an interview with Cointelegraph as part of an upcoming documentary, Cruz explained that Cubans can use Bitcoin “as a tool.” Photo of Erich and Joe during the interview. Source: Cointelegraph While some Cubans use Bitcoin as a store of value, a means of exchange, or a remittance tool, ultimately it’s about getting “out from the Matrix,” he explained. Cruz referred to the country...

Bitcoin Holds above $20.4K as It Tries Once More to Cross the $21K Barrier – October 31, 2022 BTC/USD is holding above $20,400 as it tries once more to cross the $21K barrier. The price movement has been stable with the appearance of a small body indecisive candlestick called Doji. Bitcoin is confined between the moving average lines. This explains a possible range-bound move for a few days. Bitcoin Price Statistics Data: •Bitcoin price now – $20,509.87 •Bitcoin market cap – $393,667,721,280 •Bitcoin circulating supply – 19,194,950.00 BTC •Bitcoin total supply – $429,958,739,471 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is consolidating above the $20,400 support and below the $21,000 resistance zone. On October 26 and 29, buyers were unable to keep the price above the $21,000 high. Each time the resistance zon...