Salvador

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

buy me a rose lyrics 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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Buterin calls out 'Bitcoin maximalists' for supporting El Salvador president

Buterin calls out ‘Bitcoin maximalists’ for supporting El Salvador president

Ethereum creator Vitalik Buterin criticized El Salvador president Nayib Bukele on Friday for forcing businesses in the country to adopt bitcoin. Buterin also called out “Bitcoin maximalists” for supporting Bukele. “Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to …

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El Salvador Mines First Bitcoin With Volcanic Energy — CoinDesk

El Salvador Mines First Bitcoin With Volcanic Energy — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk …

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After El Salvador, will Paraguay be the next to make Bitcoin 'official currency'

After El Salvador, will Paraguay be the next to make Bitcoin ‘official currency’

El Salvador’s adoption of Bitcoin as legal tender this month kindled national ambitions across Central and South America. In Paraguay, congressman Carlitos Rejala excited Bitcoin supporters, when his recent tweeted suggested Bitcoin would be the “official currency” if he became President in 2023. Si nos jugamos a la Presidencia en el 2023!#bitcoin cómo moneda oficial …

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Is Bitcoin going 'in reverse' as it faces 'first real test' in El Salvador

Is Bitcoin going ‘in reverse’ as it faces ‘first real test’ in El Salvador

El Salvador’s adoption of Bitcoin as legal tender earlier this week made the whole cryptocurrency community rejoice. While many believe this to be an important milestone in the path towards financial freedom, some have suggested that other countries should follow suit too. Even so, it’s worth noting that the aforementioned roll-out hasn’t escaped criticism. Most …

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