City Bitcoin, El Salvador Financial News
14.10 / 15:05
Adoption
bonds
Bitcoin
El Salvador focused on bringing investment to Bitcoin City, says ambassador
El Salvador, the first nation to make Bitcoin (BTC) a legal tender in September last year, is currently focused on building a Bitcoin City. There have been several delays and disruptions in the plans since its announcement last year owing to the bear market-led investment drought and geo-political tensions.
06.03 / 23:37
Progressive
Strategy
President
Bitcoin
Bitcoin Strategy
El Salvador’s Bukele Defends Bitcoin Strategy as Holdings Hit Record 53% Profits
El Salvador’s President Bukele defended his Bitcoin strategy as the country’s holdings hit a record 53% profit, reaching $164.7 million when Bitcoin hit a new all-time high of $69,200 on March 4. This progress stems from El Salvador’s declaration of Bitcoin as legal tender alongside the US dollar in 2021.
01.09 / 01:53
04.01 / 18:27
Adoption
Bitcoin
inclusion
Financial
Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia
The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency market conditions over the past year.
08.04 / 09:27
Adoption
Blockstream
Bitcoin
Samson Mow’s new company JAN3 helping build Bitcoin City in El Salvador
Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption.
01.03 / 22:39
business
Adoption
Blockstream
Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’
Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years.
14.01 / 20:01
Adoption
Bloomberg
World Bank
moody’s
Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s
El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.
11.01 / 00:01
Law
Electricity
Bitcoin
Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president
El Salvador's President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.
13.12 / 12:19
UPS
Citi
Bitcoin
El Salvador’s Bitcoin City and why it could be a ‘pretty attractive opportunity’
Ever since Bitcoin was adopted as legal tender in El Salvador, the country has been coming up with innovative ways to integrate it into the economy. So much so that plans to build a “Bitcoin City” have also been announced recently.
03.12 / 11:58
Citi
csk
Bitcoin
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market?
No big deal, right? Wrong. The concept of this unique city is duly backed by Bitcoin, the world’s largest crypto player in terms of market capitalization. At first, associating Bitcoin with a new establishment can get a bit overwhelming. And, if you do not find cryptocurrencies relatable, wrapping your head around becomes even more difficult.
27.11 / 06:37
UPS
BTC
FIVE
Bitcoin
Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’
El Salvador’s “Bitcoin City” and the proposed $1 billion Bitcoin volcano bond have ignited a range of reactions across the world. These are ambitious plans, no doubt, but they come as the crypto market is seeing a downturn and major economies are fighting inflation.
26.11 / 14:55
Stablecoin
Adoption
Bitcoin
Bitcoin too volatile to be adopted as legal tender, says BoE chief
Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City.
22.11 / 12:59
Adoption
community
Bitcoin
El Salvador’s Bitcoin City, BTC Bonds Plans Met With Mixed Reaction
El Salvador’s government has announced plans to build a carbon-neutral, income tax-free, bitcoin (BTC)-themed city at the base of a volcano where will be mining the token using geothermal power. And its plans to use a new USD 500m bitcoin bond plan to fund the new project have been met with a mixture of positivity and scorn by the crypto community.
21.11 / 20:49
cryptocurrency
Volcanoes
Bitcoin
Bitcoin City: El Salvador plans world's first city built with crypto bonds and powered by volcano
El Salvador plans to build the world's first "Bitcoin City," funded initially by Bitcoin-backed bonds, President Nayib Bukele said on Saturday.
21.11 / 09:51
business
Blockchain
Adoption
Bitcoin
Backed
El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds.
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