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The Latest Breaking News from Nayib Bukele

Salvadoran president vows to buy "one #Bitcoin every day'

San Salvador (AFP) - President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of the crypto money.

AFP

China circles El Salvador’s economy as country edges toward crypto plunge

President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot

The Guardian - US

‘We’ll prove them all wrong.’ Crypto backers defend sector in the wake of FTX crash

Cryptocurrency could survive the current downturn, but even industry backers say regulators need to step in.

Fortune

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Bukele's anti-gang push in El Salvador hammers gangster graves

Salvadoran prisoners collaborating with officials smashed gangster graves with hammers and metal poles in President Nayib Bukele's latest crackdown on violent gangs, this time aiming to prevent any would-be admirers from paying their respects.

Reuters

Prison deaths mount in El Salvador's gang crackdown

On March 26, El Salvador’s street gangs had killed 62 people across the country, igniting a nationwide furor

The Independent UK

El Salvador President Bukele’s reelection bid stokes LA immigrants’ fears of new civil war

LOS ANGELES — Digging into a bowl of chips and salsa at a Salvadoran restaurant on Vermont Avenue, Kevin Rivas shared his memories of the prison where he became intimately acquainted with pain, humiliation and impotent fury.

Los Angeles Times

Why did Central America shift UN votes on Russia-Ukraine war?

Nicaragua, Honduras and El Salvador’s vote changes this year reflect relations with world superpowers, analysts say.

Al Jazeera

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Most Salvadorans think making Bitcoin legal tender was 'failure'

San Salvador (AFP) - More than a year after Bitcoin became legal tender in El Salvador, a new poll Tuesday showed most people in the country consider the controversial move by President Nayib Bukele as a "failure."

AFP

Bitcoin City: Is El Salvador's Crypto Dream Crashing Down With The Market

By Tereza Bízková

Benzinga

In El Salvador, rising inmate numbers threaten humanitarian crisis: NGO

Salvadoran President Nayib Bukele's war against the country's criminal gangs could generate prison overcrowding and even a violent reaction from criminals, said a report by the NGO International Crisis Group (ICG) released Tuesday.

Reuters

In El Salvador, army surrounds town to root out gang

More than 2,000 soldiers and police surrounded and closed off a town in El Salvador in order to search for street gang members accused in a killing

The Independent UK

Editorial: Shipping of migrants to Martha’s Vineyard shows the rot of our immigration debate

A 27-year-old migrant named Pablo unwittingly shipped to Martha’s Vineyard last week marveled at the speed with which Massachusetts authorities helped him and others who arrived unexpectedly.

Tribune News Service

No millennial monolith as Gen Y leaders rise at UN

Millennial leaders are rising at the United Nations General Assembly

The Independent UK

In Latin America, democracies shaken ahead of key elections

An assassination attempt in Argentina and spurts of election-linked violence in Brazil have emerged as the latest signs of growing political discontent in Latin America, creating a treacherous environment for incumbents of all stripes.

Reuters

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Reuters

S&P says it could downgrade El Salvador in 6-18 months

SP Global Ratings said on Friday it could cut El Salvador's already negative credit rating within six to 18 months if it does not make "adequate progress" on debt reduction, days after the government announced plans to buy back sovereign bonds.

Benzinga

Bitcoin-Loving El Salvador President Nayib Bukele Running For Reelection: Here's How The Crypto Performed Since Becoming Legal Tender In The Country

In June 2021, El Salvador became the first country to make cryptocurrency Bitcoin (CRYPTO: BTC) legal tender.

Reuters

Despite prohibition, El Salvador President Bukele says he will seek re-election

El Salvador President Nayib Bukele said Thursday he would run for re-election, despite the country's constitution prohibiting presidents from having consecutive terms.

The Independent UK

El Salvador's president Bukele says he will seek re-election

El Salvador President Nayib Bukele has announced on the country’s Independence Day that he will seek re-election to a second five-year term

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The Conversation

One year on, El Salvador's Bitcoin experiment has proven a spectacular failure

A year ago, El Salvador became the first country to make Bitcoin legal tender – alongside the US dollar, which the Central American country adopted in 2001 to replace its own currency, the colón.

AFP

El Salvador marks 1st year of Bitcoin use as confidence wanes

El Zonte (El Salvador) (AFP) - A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele.

Bangkok Post

Bitcoin 'revolution' a work in progress

El Salvador President Nayib Bukele took the stage to fireworks, announcing to a cheering crowd of crypto enthusiasts at a beachside confab that Bitcoin would revolutionise his country.

The Independent UK

El Salvador extends state of exception; 50,000 arrested

Some 50,000 people have been locked up in El Salvador since late March for alleged gang ties and the country's congress has now approved another month-long extension of the state of exception that suspends some rights in the name of combatting gangs

AFP

Arrest tally in El Salvador gang crackdown reaches 50,000

San Salvador (AFP) - El Salvador has arrested some 50,000 suspected gang members since President Nayib Bukele launched a "war" in March on criminal groups terrorizing the country, the head of the country's police force announced Tuesday.

The Independent UK

Concern that Nicaragua repression could be "model" in region

Nicaragua President Daniel Ortega’s government has closed seven radio stations this week owned by the Roman Catholic church, as well as two other outlets serving the largely rural northern area with a history of opposition

Reuters

In El Salvador, discrepancy over deaths and mass graves alarms critics

In El Salvador, testimony from police officers and conflicting statistics on mass graves are leading critics to question if homicides in the Central American country are being fully reported as access to official information tightens.

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