International

El Salvador’s bitcoin reserves soar in value as cryptocurrency’s bullish surge continues

Bitcoin continues to solidify its position in the global economic landscape during a bullish period that seems to have no ceiling. On Monday at 10:39 a.m., it set a new record by reaching $107,054, bringing its market capitalization to $2.116 trillion, making it the seventh most valuable asset in the world and not far from overtaking Google.

It seems that time is proving right the institutions and countries that have incorporated Bitcoin into their financial strategy, making periodic acquisitions. For instance, the 5,965 coins in El Salvador’s reserve have surpassed $636 million in value due to the price increase, yielding a return of 137.58% and unrealized gains of $360 million. The country’s bet on the cryptocurrency has even had a positive impact on traditional markets. Just after Bitcoin surpassed $100,000 for the first time in early December, Bloomberg reported that Salvadoran bonds appreciated in value in response to the state’s benefits from the digital currency. “This is the first time in history that Bitcoin has driven sovereign bonds in traditional markets,” said President Nayib Bukele at the time.

On another note, MicroStrategy Inc., a business intelligence and data analytics software maker, was recently confirmed as a new member of the Nasdaq 100 index.

Being selected for the widely followed technology benchmark index is a milestone for MicroStrategy co-founder Michael Saylor, who has been leading a strategy of massive Bitcoin purchases since 2020.

According to Bloomberg, the company’s average gains of 40% over three consecutive months have raised its value to nearly $100 billion, meeting a key requirement to become a member.

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International

Habeas Corpus at risk as Trump team eyes drastic border policy shift

The White House is reportedly considering suspending habeas corpus, the legal principle that protects individuals against arbitrary detention, as part of its efforts to escalate anti-immigration measures in the United States.

In remarks to reporters, Stephen Miller, a senior advisor to President Donald Trump, argued that the U.S. Constitution allows the suspension of habeas corpus “in times of invasion.”

“It’s an option we are actively considering, and it all depends on whether the courts do the right thing or not,” Miller stated.

The Trump administration has frequently invoked the notion of a “migrant invasion” to justify actions such as the militarization of the U.S.-Mexico border and the deportation of foreign nationals—primarily Venezuelans—to El Salvador’s CECOT megaprison.

International

Maduro to Xi: Venezuela is a loyal friend to China

Venezuelan President Nicolás Maduro assured his Chinese counterpart Xi Jinping, during a meeting held in Moscow on the sidelines of the 80th anniversary of the Red Army’s victory in World War II, that China has “loyal friends” in the Caribbean nation.

“You know that in the Bolivarian Republic of Venezuela you have loyal friends and people willing to continue working for a new world,” said the South American leader, according to footage aired Friday by Venezuelan state broadcaster VTV.

Maduro, accompanied by several of his ministers including Defense Minister Vladimir Padrino López, highlighted the “great results” of a 2023 agreement between China and Venezuela called the “All-Weather and All-Round Strategic Partnership.”

“I believe we can multiply the great results we’re already seeing, and I’m sure that strong and clear guidelines will emerge from this meeting to keep moving forward together,” Maduro added.

International

Iberojet reaffirms commitment to Honduras as Central American Hub

Spanish airline Iberojet and Palmerola International Airport, located in central Honduras, signed a three-year renewal of their exclusive agreement to operate direct flights between the Honduran terminal and the cities of Madrid and Barcelona.

With this renewal, Iberojet—part of the Spanish tourism group Ávoris Corporación Empresarial—reaffirms its commitment to Honduras as its main gateway to Central America from Europe.

The agreement was signed by Iberojet’s Commercial Director, Mario Domínguez, and Erick Spears, Chairman of the Board of Directors at Palmerola.

The signing ceremony took place at the residence of the Spanish Ambassador to Honduras, Diego Nuño García, who served as an honorary witness.