bond

El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto

El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto

El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador. “Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans …

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El Salvador government strikes deal with Bitfinex, Blockstream to issue $1 billion bitcoin bond

El Salvador government strikes deal with Bitfinex, Blockstream to issue $1 billion bitcoin bond

advertisement El Salvador has struck a deal with crypto firms Blockstream and iFinex to advance its efforts in the bitcoin market.  The country is set to issue so-called Bitcoin bonds to “accelerate hyperbitcoinization and bring about a new financial system on top of Bitcoin,” according to Blockstream.  El Salvador could issue $1 billion worth of …

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Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Why the Danish Red Cross put a volcano catastrophe bond on a blockchain

Quick Take The Danish Red Cross has teamed up with blockchain startup Replexus to issue the first-ever blockchain-based catastrophe bond. So-called cat bonds let the relief organization raise money that can be spent immediately in the event of a disaster. But why does the bond need a blockchain? This feature story is available to subscribers …

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