City Bitcoin Financial News

26.01 / 13:11

Adoption IMF Bitcoin Cryptoverse Laughs Off IMF Bitcoin Threats to El Salvador With Memes, BTC Rises

The International Monetary Fund (IMF) has told El Salvador to water down the law enforced last year that made bitcoin (BTC) legal tender – and the country’s President Nayib Bukele has responded with a dismissive Twitter meme using footage from the TV show “The Simpsons.”

09.01 / 10:21

Provident Bitcoin El Salvador Inching Closer To Issue Bitcoin Bonds This Year

El Salvador is drafting legislations to give legal framework to Bitcoin bonds

02.12 / 19:25

Ethereum Provident ETF SIX Swiss Exchange Swiss Bitcoin Capital launches actively managed Bitcoin, Ether ETPs on SIX Swiss Exchange

Ever since the first cryptocurrency-backed exchange-traded products were launched in the European market in 2018, asset managers have been getting increasingly creative with the kind of exposure they provide to investors. Earlier today, Bitcoin Capital AG announced the launch of two new ETPs on the SIX Swiss Exchange, which will be pioneers in providing the active management of these products.

23.11 / 20:05

crypto currencies Bitcoin Price Explained: All about El Salvador's volcano-powered bitcoin bond

El Salvador plans to build the world's first "Bitcoin City" with money from a $1 billion bitcoin-backed bond the country's President Nayib Bukele said on Saturday. Here is what we know about the proposed bond and some of the details that still need to be filled in.WHAT WE KNOW

23.11 / 16:07

Strategy Backed El Salvador To Build World's 1st "Bitcoin City" With Money From $1 Billion Bitcoin-Backed Bond

El Salvador plans to build the world's first "Bitcoin City" with money from a $1 billion bitcoin-backed bond the country's President Nayib Bukele said on Saturday.

23.11 / 15:17

UPS Citi Bitfinex El Salvador: Adopting ‘junk-grade’ Bitcoin bond will have these repercussions

El Salvador and its vision to build ‘Bitcoin city‘ has created havoc within the crypto community.

23.11 / 11:21

Bitcoin news Bitcoin Price Backed El Salvador plans first 'Bitcoin City', backed by bitcoin bonds

El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country. Speaking at an event closing a week-long promotion of bitcoin in El Salvador, Bukele said the city planned in the eastern region of La Union would get geothermal power from a volcano and not levy any taxes except for value added tax (VAT).

23.11 / 10:47

Adoption IMF El Salvador's dollar debt dives on Bitcoin bond plans

El Salvador’s dollar-denominated bonds have fallen to an all-time low as the Central American nation’s debt started trading in "distressed territory" this week.

22.11 / 19:59

Citi El Salvador to build 'Bitcoin City'

Now, president Nayib Bukele has set out his vision for Bitcoin City - complete with residential and commercial areas and an airport - in the eastern region of La Union.

22.11 / 08:55

cryptocurrency El Salvador to build cryptocurrency-fueled "Bitcoin City"

In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside Bitcoin City at the base of a volcano.

22.11 / 05:01

El Salvador plans $1 billion in tokenised Bitcoin bonds

El Salvador intends to issue the world’s first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes, President Nayib Bukele announced in the beach town of Mizata to a crowd of cheering Bitcoin enthusiasts. El Salvador plans to issue $1 billion in tokenized US-dollar denominated 10-year bonds to pay 6.5% via the Liquid Network, according to Samson Mow, chief strategy officer of Blockstream.

21.11 / 12:49

Citi El Salvador Plans World's First Bitcoin City

El Salvador plans to build world's first Bitcoin city

21.11 / 12:47

MET Bitfinex ‘A Bitcoin City’ – What next after El Salvador issues $1 billion Bitcoin bond

El Salvador’s move to become the first country to make Bitcoin a legal tender witnessed many developments. Although, it wasn’t a smooth sail to reach the shore. It was met with protests and bedeviled by fraud, market volatility, and technical glitches. Nevertheless, the Central American region along with the ruling executives continue to explore the Bitcoin narrative regardless of the friction.

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