El Salvador has been constantly buying the dip in recent months 💰 But it's made a substantial loss of $12 million as the value of its 1,391 BTC falls 😬
El Salvador has made a substantial loss on its Bitcoin investment over the past four months.
President Nayib Bukele has been aggressively buying crypto ever since adopting BTC as legal tender in September 2021. Sudden falls in Bitcoin's value have regularly been accompanied by Bukele declaring that the Central American country was "buying the dip" — and at the time of writing, it holds— but at the time of writing, this BTC is worth a mereMost acquisitions were completed when BTC was trading aboveUnfortunately, there's a lot we don't know when it comes to El Salvador's investment.
To compound the problem, the address where El Salvador's crypto is held isn't publicly known, making it difficult to track when buys and sells are made.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tonga to copy El Salvador bill making Bitcoin legal tender, says former MPIn a ruling that is “almost identical to the El Salvador bill,” Tongan bigwig Lord Fusitu’a anticipates that his country could adopt Bitcoin by November.
Lire la suite »
El Salvador May Have Lost $10 Million as Cryptocurrencies SlumpEl Salvador had plans of building infrastructure with money raised from Bitcoin. But as cryptocurrencies slide down, the country is losing money.
Lire la suite »
Journalists from El Salvador are the latest victims of Pegasus, the spyware that hacked the iPhoneAt least 35 individuals from El Salvador’s media society had been infected with Pegasus
Lire la suite »
Dozens of journalists, activists in El Salvador hacked with Pegasus spywareThe cell phones of dozens journalists and activists in El Salvador have been hacked with the Israeli firm NSO Group’s Pegasus spyware over the past year and a half, a cyber-security watchdog says
Lire la suite »
NSO Group Spyware Targeted Dozens of Reporters in El SalvadorThe newly disclosed campaign shows how little the company has done to curb abuses of its powerful surveillance tools.
Lire la suite »
Report: Pegasus spyware used to target El Salvador journalistsThe U.S. government blacklisted NSO Group, the Israeli firm that produces Pegasus, some 2 months ago.
Lire la suite »