City Bitcoin Financial News
12.01 / 15:21
approved
El Salvador Has Just Approved Law to Allow it to Issue Bitcoin Denominated Bonds
El Salvador’s congress has passed a digital securities law that would allow the nation to issue Bitcoin-backed bonds, also known as Volcano Bonds.
17.10 / 12:15
Provident
security
Analysis
Election
Trade
donates
Bitcoin price analysis
Bitcoin Price Analysis: Italy’s 42% Tax Proposal, Trump Secures $7.5M in Crypto Donations
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
13.08 / 23:09
markets
Blockchain
Citi
Action
security
Trade
Is Bitcoin Price About to Explode? El Salvador’s ‘Bitcoin City’ Secures $1.6 Billion
Bitcoin’s recent price action has sparked interest among investors, especially as El Salvador’s ambitious $1.6 billion investment in “Bitcoin City” gains momentum.
17.01 / 16:39
BTC
12% of El Salvador’s Population Used Bitcoin for Goods and Services in 2023: Survey
According to the annual survey conducted by José Simeón Cañas Central American University in El Salvador, 12% of the local population used Bitcoin (BTC) at least once to pay for goods and services in 2023.
23.12 / 11:53
Digital
Platform
Action
President
country
information
2024
El Salvador Set to Launch Bitcoin "Volcano Bonds" in Early 2024
It is believed that El Salvador will debut its much-awaited Bitcoin «Volcano Bonds» at the beginning of 2024. El Salvador is a pioneering country in the use of cryptocurrencies. This action comes after the government made a pioneering decision to accept Bitcoin as legal cash, and it is a key milestone in the country's continuing acceptance of digital currency.
23.06 / 06:15
02.05 / 10:31
13.02 / 19:22
12.02 / 06:25
Law
Adoption
regulation
economy
IMF
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, suggests IMF
El Salvador has been advised to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets by the global monetary watchdog.
12.01 / 05:23
Adoption
Bitfinex
Backed
El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds
El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.
06.01 / 23:45
Government
Technology
Adoption
Bitcoin Strategy
El Salvador’s Bitcoin strategy evolved with the bear market in 2022
Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption.
06.12 / 01:49
markets
Bitcoin Price
recovery
Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market
Bitcoin (BTC) price is showing notable resilience at the $17,000 level, and according to data from Glassnode, a number of metrics that track the pace of selling and the on-chain behavior of investors are beginning to show a reduction in the factors that trigger sharp sell-offs.
28.11 / 19:01
Blockchain
Ethereum
Stablecoin
government bonds
Financial
Tokenized government bonds free up liquidity in traditional financial systems
A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city.
23.11 / 15:17
Adoption
bonds
Bukele
Bukele's government introduced a bill to launch the 'Bitcoin bonds'
Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”
20.10 / 21:49
business
Blockchain
77.1% of Salvadorans surveyed think the gov’t should ‘stop spending public money’ on Bitcoin
In a recent study published by José Simeón Cañas Central American University in El Salvador, 77.1% of respondents say that they want the Salvadoran government to stop “spending public money on Bitcoin.”
18.10 / 19:37
Research
Bitcoin Price
Bitcoin, venture capital and security tokens flash green: Report
The blockchain industry does not exist in a bubble. The impact of the rest of the world’s economic turmoil seems to be stomping all over the progress of the “blockchain revolution.” Traditional markets like the S&P 500 index crashed by more than 11.5% in September, while the tech-heavy Nasdaq 100 index plummeted by 12.5%. However, Bitcoin (BTC) may have seen a decoupling, having only dropped 3% during this same period.
15.09 / 11:15
cryptocurrency
El Salvador was the 1st nation to make Bitcoin legal tender. It was a spectacular failure
In 2021, El Salvador made Bitcoin legal tender and became the first country in the world to do so. Its President Nayib Bukele is a cryptocurrency enthusiast and had said that Bitcoin would attract foreign investment, create jobs, and help “push humanity at least a tiny bit into the right direction”.
08.09 / 14:29
cryptocurrency
A Year On, El Salvador's Bitcoin Experiment Is Stumbling
El Salvador adopted bitcoin close to $47,000, a year later, it is worth less than half
07.09 / 19:39
Citi
Reuters
Digital
Why El Salvador's Bitcoin experiment is stumbling one year on
A year after El Salvador adopted Bitcoin as legal tender, the area where the world's first cryptocurrency city was meant to be built - a circular metropolis powered by a volcano - is still dense jungle.
02.09 / 13:23
Tether
Bitfinex
El Salvador Bitcoin bond delayed due to security concerns: Tether CTO
El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.
20.07 / 15:21
Adoption
Bitcoin
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
The Bitcoin (BTC) bet has somewhat backfired for the small nation as the top cryptocurrency trade at a 70% discount from its top. At a time when the Latin American nation is struggling with its debt, Morgan Stanley has given a buy call for the battered Eurobonds.
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