El Salvador's President Nayib Bukele, who was a strong supporter of Bitcoin during the 2021 bull market, announced last year that the country would add one Bitcoin a day to its balance sheet. However, he has faced criticism for being reckless with the investment. According to NayibTracker, which tracks his Bitcoin purchases, Bukele is down nearly 8% on his investment of 3,120 BTC. Despite this, Bukele has been successful in improving security in the country and attracting foreign investment.

On August 29th, according to a research report by David Puell, a research assistant at Ark Invest, although Bitcoin is well-known in El Salvador, its usage is low and lags behind Argentina. Puell believes that Salvadorans' preference for the US dollar and the volatility of Bitcoin prices are the main reasons for this cautious approach. The US dollar became the legal currency of El Salvador in 2001, helping the country withstand the inflation crisis that plagued its neighbors and providing a more stable and reliable currency system. (The Block)

The global bond of El Salvador has a return rate of over 70% this year, attracting investors who were once cautious or completely avoided these securities. JPMorgan Chase &amp; Co, Eaton Vance, and PGIM Fixed Income are recommending or buying the bond. <br>

Binance has become the first licensed cryptocurrency exchange in El Salvador after receiving two licenses from the country's authorities. The Central Bank of El Salvador has licensed Binance as a Bitcoin Services Provider (BSP), while the National Commission of Digital Assets has approved it as the first non-provisional Digital Assets Services Provider license (DASP). Binance's general manager for Colombia, Central America, and the Caribbean, Daniel Acosta, said the license allows the exchange to expand its products and services in the crypto-friendly country and collaborate closely with government authorities to support the adoption of crypto assets. Despite El Salvador's positive posture towards crypto, BTC adoption remains low as citizens question the cryptocurrency's benefits.

According to data from Banco Central de Reserva (BCR), the use of Bitcoin and other cryptocurrencies for remittances in El Salvador has significantly declined in the first half of 2023. Remittances to the country rose by 5.2% compared to the previous year, with traditional banking institutions processing $1.45 billion and dedicated remittance platforms handling $2.4 billion.

El Salvador's 2027 bonds have increased by more than 60% this year, coinciding with Bitcoin's 80% price surge. These government bonds are sold to investors to support government spending.

Geraldo Moran, a young construction worker, changed his life through Bitcoin. When Bitcoin was declared legal tender in El Salvador, he decided to quit his job and devote himself to the Bitcoin world. He believes that education is the key to overcoming the fear of cryptocurrencies and has participated in the Bitcoin encryption project launched by the school. Now, he's a notable educator teaching students across the West. Geraldo also had the opportunity to see the team behind "My First Bitcoin", and the Central High School professors explained the layout of Bitcoin. For Geraldo, Bitcoin represents the freedom of individuals and people, and he has demonstrated to him its true value.

Gerardo Moran, an 18-year-old from El Salvador, completed the Bitcoin diploma program, Mi Primer Bitcoin, and is now teaching it to teachers at his former high school. The program, backed by the El Salvador Ministry of Education, allowed Moran to leave behind a life in construction where he earned only $6 a day. He is now leading Bitcoin education in his hometown and training a group of eight senior professors. The government of El Salvador has focused on ensuring Bitcoin education across the country, particularly targeting teenagers.

June 26 (Cointime) - Samson Mow, the CEO of JAN3, a company focused on hyperbitcoinization, is optimistic about El Salvador's role in advancing the Bitcoin narrative. He emphasized the importance of educating people about the crypto market. Mow believes that El Salvador's success with Bitcoin could lead to adoption in other countries and pave the way for political action.

June 25 (Cointime) - El Salvador, which made history by adopting Bitcoin as legal tender, is now facing criticism and scrutiny from leaders around the world. U.S. lawmakers, including Senators Bob Menendez and Jim Risch, have introduced the Accountability for Cryptocurrency in El Salvador Act, which requires the country to produce a report outlining its use of cryptocurrencies and the measures taken to ensure user safety.