U.S. Secretary of State Marco Rubio confirmed that the deal includes an offer from Bukele to house dangerous criminals who are American citizens or legal residents, within Salvadoran prisons.

El Salvador had to concede to some of the IMF's conditions to reach an agreement with the UN financial agency for a massive loan that could help boost its ailing economy, but it clarified Sunday that it will not give up on its Bitcoin strategic reserve.

El Salvador was the first country in the world to ban the mining of metals in 2017, warning of the harmful effects of the chemicals used in mining, like cyanide and mercury.

Ecuador's homicide rate increased from 6.7 per 100,000 in 2019 to 45 per 100,000 in 2023; only Jamaica (49) has a higher rate in the Americas

Nayib Bukele is just one of the many Bitcoiners who feel vindicated after Bitcoin hit new all-time highs, but the El Salvadoran leader's case is particularly special, as he refused to bend to skeptics who questioned his $BTC strategy.

The list also includes president Braziluan Lula da Silva and Panama's Jose Raúl Mulino but not Mexico's Claudia Sheinbaum

Gaetz, chair of the Congressional El Salvador Caucus, called the allegations "baseless" and criticized the local organization, CISPES

Their stark ideological differences have exceeded the personal realm and impacted the countries' diplomatic relations

El Salvador isn't allowing a week-long Bitcoin slump to discourage its Bitcoin treasury goals as it did, as proven by on-chain data, purchase one BTC daily in the past 11 days.

"We've decided to transfer a big chunk of our bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory," Bukele said on social media site X.

The escalation comes as other countries in the region are also experiencing a deterioration of security conditions

El Salvador holds at least 2,860 bitcoins, based on President Bukele's official announcements

Secretary of State Antony Blinken will travel to Jamaica to discuss the rapidly deteriorating situation with the CARICOM.

Bukele, 42, is wildly popular at home and across Latin America for his crackdown on gangsters, even as rights activists raise alarm over arbitrary arrests and inhumane prison conditions.

Latin America is frequently atop the list of most dangerous regions for journalists to work

They utilized their CPAC participation to solidify their positions among the international far-right and to get closer to Trump

The crypto reached a peak of $63,700 before pairing some gains before the halving event

The event is set to take place between February 21 and 24 in Maryland

The video goes through the compound used to hold some 40,000 prisoners

Bukele, who won by a landslide on Sunday, has become a polarizing figure in Latin America and Beyond

Despite being legal tender, 88% of Salvadorans said that they never used Bitcoin during 2023.

The president had over 80% of the votes compared to the runner-up's less than 10%. Bukele claimed victory on Sunday night before the tally

A recent poll showed Bukele with a 71% lead over his nearest rival. A look at how the country has changed under his rule

El Salvador's gang-busting President Nayib Bukele has proudly embraced the monicker of "dictator" and breezily shrugs off criticism of human rights transgressions.

El Salvador's President Nayib Bukele is all but guaranteed a resounding victory in elections Sunday, with his no-holds-barred war on gangs having earned him approval ratings hovering around 90 percent.

El Salvador President Nayib Bukele's war on gangs is credited with slashing homicide rates and restoring security and dignity to citizens of what was once one of the world's most dangerous countries.

Polling as the most popular leader in Latin America -- possibly even the world -- El Salvador's Nayib Bukele has inspired calls for hard-handed tactics across a region tired of violence and losing faith in democracy.

New ETFs and the halving event will push the cryptocurrency as analysts emphasize the importance of investor education

Bukele highlighted the balance as he criticized the media for writing articles when it was in the red. "We have no intention of selling," he said

Only Guatemala and Belize are among the 13 nations that still maintain diplomatic ties with Taiwan