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Bitfinex Securities debuts as El Salvador’s first licensed digital asset service provider , aligning with the country’s pioneering Bitcoin-focused financial initiatives. The securities token platform, gearing up for a dynamic phase, is now open to customer applications. This development is accompanied by the anticipation of numerous tokenized financial asset issuances, expected to hit the market in the first half of this year. Bitfinex Securities CTO Paolo Ardoino expressed enthusiasm about the launch in El Salvador, highlighting the country’s unique position due to its adoption of Bitcoin as legal tender and efforts to nurture a Bitcoin-centric economy. Ardoino believes the move will benefit Bitfinex and enable El Salvador to attract global investment through competitively priced securities offerings. You might also like: Coinbase challenges SEC’s rejection of digital asset rulemaking petition The company’s optimism is partly fueled by the succ...

A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required. Bitcoin (BTC) is there for those that need it most; the rest may need time to learn. This message reverberated around the casino conference hall during a panel at Surfin Bitcoin, a Bitcoin-only conference in Biarritz, France, on Aug 26.  Panelists Ben Perrin, a Bitcoin Youtuber; Ernesto Hernandez, a Salvadoran business consultant; and Carol from the popular Brazillian Youtube channel “Area Bitcoin” tackled a tricky topic: “Victims of the Banking System around the world: Inflation, Censorship.” The role of Bitcoin in such testing environments was brought into question. From left: Hall, Perrin, Carol and Hernandez The panelists unloaded experience, evidence and anecdotes from their respective countries: Perrin from Canada, Hernandez from El Salvador and Carol from Brazil in order to tackle the topic. Hernandez, for example, was quick to illustrate tha...

President Nayib Bukele of El Salvador unveiled a historic bill, pushing Bitcoin into the national spotlight as legal tender. This decision marked El Salvador as the first nation globally to embrace Bitcoin as an official currency. The announcement took center stage at the Bitcoin 2021 Miami conference, where President Bukele shared his vision. Subsequently, on September 7, 2021, the legislation came into effect, officially endorsing Bitcoin as a recognized legal tender within the country’s borders. Today, El Salvador celebrates two years since this historic turning point. 🇸🇻 Two years ago today, El Salvador adopted #Bitcoin as legal tender. pic.twitter.com/1oV5YSGaP8 — Watcher.Guru (@WatcherGuru) September 7, 2023 El Salvador’s pro-bitcoin moves over the last two years According to Bukele, the primary objective behind making Bitcoin legal tender was to bolster the well-being of both the nation and its citizens. A staggering 70% of...

The nonprofit and NGO Mi Primer Bitcoin partnered with the Ministry of Education of El Salvador to include Bitcoin in its curriculum. The Ministry of Education of El Salvador and the nonprofit, nongovernmental organization Mi Primer Bitcoin (MPB), meaning “My First Bitcoin,” partnered to add Bitcoin (BTC) education to public school curriculum by 2024. John Dennehy, the founder of MPB, confirmed to Cointelegraph that this is a project of the Ministry of Education that MPB is assisting with, along with Bitcoin Beach. The Mi Primer Bitcoin program, from which students receive a diploma of completion, will be the primary source material for the Bitcoin portion, according to Dennehy.  What an inspiring vision! The future of El Salvador shines bright with plans to introduce Bitcoin education in every public school by 2024. Together, we're making strides towards financial empowerment and knowledge for all. #BitcoinEducation #EmpoweringElSalvador https://t.co/oMkRqJFsTN — Mi Prim...

El Salvador has time and again been credited with ushering in a new wave of Bitcoin adoption. The Central American nation declared Bitcoin to be legal tender in 2021, mandating that all businesses accept the largest crypto asset. Parallelly, in economies where local currencies are suffering, like Argentina, Turkey, and Egypt, Bitcoin has been creating records. In a recent investor note, Ark Invest Research Associate David Puell pointed out that Bitcoin adoption in Argentina is outpacing that in El Salvador . Despite the legal tag, Salvador’s numbers depict mixed sentiment. An OpEd by CoinDesk pointed out that there is interest in Bitcoin among bankers. However, they fear the repercussions with their international partners if they adopt the digital currency. In fact, several international bodies, like the IMF, expressed their disapproval in the recent past. For Bitcoin to succeed in the region, local banks need to be able to integrate the network into the existing services that ...

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...

Bitcoin is the largest and first cryptocurrency in the world. It paved the way for thousands of cryptocurrencies that followed suit. The creation of bitcoin is one of the most remarkable ones that is responsible for the follow up of decentralization and everything crypto. The acceptance of crypto has never been the same since its inception. Cryptocurrencies, including bitcoin , have come a long way. Whether it be in terms of adoption and development, the cryptocurrency realm is likely ahead of other sectors. In one of the latest events, bitcoin has grabbed the attention of the Guinness World Records. Recognition of cryptocurrencies by Guinness World Records indicates the growth of the blockchain sector. JUST IN: #Bitcoin has been added to the Guinness World Records as the first and most valuable cryptocurrency. — Watcher.Guru (@WatcherGuru) October 18, 2022 Bitcoin recognized as the first and most valuable crypto In the latest edition of the Guinness World R...