News El Salvador: Soccer-Arrest warrant issued for five people in El Salvador stadium stampede
(Reuters) - El Salvador's Public Prosecutor's Office ordered the arrest of five people allegedly responsible for the weekend stampede at the Cuscatlan stadium in the country's capital that left 12 fans dead during the second leg of the quarter-final playoffs between Alianza FC and Club Deportivo. The Public Prosecutor's Office has named three Alianza FC team officials, including the president,
News El Salvador: Five Arrested After El Salvador Stadium Crush
Police in El Salvador have arrested five on charges arising from the May 20 stampede at San Salvador’s Cuscatlan Stadium, which killed 12 people and injured dozens more, the El Salvador Attorney General said.According to a statement from the attorney general’s office, three officials with Alianza FC were arrested: club president Pedro Hernandez, security manager Edwin Abarca Ventura, and financial director Zoila Cordova. Reynaldo Avelar Contreras, general manager of stadium owner EDESSA, and Samuel García Montano, keeper of the stadium keys, were also arrested.The attorney general said too few entrances were available at the stadium, and that the doors had not been opened sufficiently in advance of the match.According to the statement, the organizers also allegedly oversold the event. Credit: El Salvador Attorney General via Storyful
News El Salvador: El Salvador Appoints Bitcoin Standard Author as Economic Adviser
El Salvador's National Bitcoin Office was opened last year to oversee all the country's projects related to Bitcoin.
News El Salvador: 'The Bitcoin Standard' author becomes economic advisor to El Salvador
Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin ( BTC ), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador. On May 30, ...
News El Salvador: Bitcoin Surfing Tourists Are Flocking to El Salvador—What’s the Big Deal?
Murders have dropped massively in El Salvador, attracting lots of tourism. Thank its Bitcoin-loving president for the turnaround.
News El Salvador: S&P says El Salvador's debt exchange constituted default
(Reuters) - Ratings agency S&P on Tuesday said a pension debt exchange by El Salvador in April constituted a default event, but added that the new terms of the exchange also cured the default. El Salvador conducted a pension debt exchange on April 28, offering private pension funds a mix of new certificates to replace some earlier sovereign financial obligations, according to S&P. "In general,
News El Salvador: Top senators take aim at El Salvador bitcoin adoption over national security risks
Two senators have introduced legislation that they hope will be a safeguard against any risks that El Salvador’s adoption of bitcoin as legal tender may pose.
News El Salvador: El Salvador's president has soaring popularity based on controversial approach to crime
For the past year, El Salvador under President Nayib Bukele has had a unprecedented crackdown on gang-related activities. And it's led to unprecedented popularity for the millenial leader. Michael Fox reports from on Bukele's sky-high approval rating, and the improved quality of life, except for the thousands who may be unjustly imprisoned under the recent suspension of civil
News El Salvador: El Salvador: Surfing in the “New Land of the Free?”
The expansion of the Surf City tourism project towards the eastern and unexploited part of the country raises concerns over democracy, sustainability, and land ownership.
News El Salvador: El Salvador tries ex-leader Funes in absentia for gang truce
El Salvador opened a trial Wednesday against former President Mauricio Funes alleging that he had negotiated a truce with the country’s powerful street gangs when he was president, but the trial will ...
News El Salvador: Better market conditions needed before El Salvador issues bitcoin bond -strategist
El Salvador's government should consider waiting for better market conditions to issue its much-publicized $1 billion bitcoin-backed bond, said Samson Mow, the strategist behind President Nayib Bukele's project. Two weeks ago, the Central American country rolled out legal framework needed to issue the bond, causing some to anticipate its launch in coming months despite no official announcement.
News El Salvador: El Salvador's bitcoin experiment rides on choppy seas as currency fluctuates
The bitcoin cryptocurrency has seen its ups and downs lately, gaining and losing 10% of its value in just the past week. Nowhere is this volatility felt more intensely than in El Salvador, which became the first country in the world to adopt bitcoin as legal tender in 2021.
News El Salvador: Mexico nabs, swiftly deports MS-13 gang leader to El Salvador
Police in Mexico City arrested one of the most wanted leaders of the notorious Mara Salvatrucha gang accused of multiple crimes in the United States, officials said on Tuesday, in a fresh blow to one of Central America's most violent criminal groups.
News El Salvador: El Salvador provides first digital asset license to Bitfinex
El Salvador has granted Bitfinex, a leading cryptocurrency exchange, the nation’s first license for digital asset service providers. The license issuance follows a law passed in January by the Legislative Assembly of El Salvador, which established a regulatory framework for digital securities and paved the way for the launch of bitcoin-backed bonds, also known as … El Salvador provides first digital asset license to Bitfinex Read More »
News El Salvador: Bitfinex Becomes First Firm To Get El Salvador’s New Digital Asset License
Bitfinex Securities recently became the first-ever company to acquire El Salvador’s digital assets issuance license.
News El Salvador: El Salvador Still Lacks Policies to Bolster Food Security
Sitting under the shade of a tree, Salvadoran farmer Martín Pineda looked desperate, and perhaps angry, as he said that governments of different stripes have come and gone in El Salvador while ...
News El Salvador: El Salvador to open another Bitcoin Embassy in Texas
El Salvador, the first country to recognize Bitcoin as a legal tender, is furthering its commitment to promote the use of cryptocurrencies. The country is set to open a new Bitcoin embassy in Texas, following the successful establishment of two embassies in El Salvador. El Salvador: Bitcoin’s biggest fan El Salvador’s adoption of Bitcoin has … El Salvador to open another Bitcoin Embassy in Texas Read More »
News El Salvador: Bitfinex gets license to operate under El Salvador’s new crypto Law
Bitfinex Securities El Salvador has become the world’s first international cryptocurrency exchange to receive approval and get licensed in El Salvador.