El Salvador Financial News

23.11 / 12:29

FIVE Bitcoin Backed El Salvador is getting ready to roll out a bitcoin-backed bond

El Salvador is planning to issue next year $1bn in bonds backed by bitcoin, the latest effort by the economically stressed Central American nation to attract crypto capital.

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 / 14:23

Sport Europe Bitcoin Warning COVID in Europe: Austria begins lockdown amid stark warning in Germany

COVID-19 cases are on the rise again in various parts of Europe as the cold weather has affected the spread of the virus.

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.

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 / 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 / 19:29

cryptocurrency Bitcoin El Salvador president plans 'Bitcoin City' financed by crypto bonds

President Nayib Bukele said El Salvador plans to build the world's first "Bitcoin City", powered by a volcano and financed by cryptocurrency bonds.

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.

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.

15.11 / 19:37

Ethereum ETF CBOE Bitcoin Coinbase Users Sharing Crypto Portfolios, ETFs in US & India + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

15.11 / 19:17

Blockchain UPS FIVE Bitcoin Cardano’s Africa: An early adopter, an experiment, or more of the ‘C’ word?

Crypto loves to travel. But, far from just surfacing at flashy fintech festivals, blockchains have now reached the world’s most unbanked countries and territories.

10.11 / 18:21

Digital Assurant Bitcoin Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’

Africa, of late, has been the center of attention in terms of crypto adoption. Well, Zimbabwe has been mulling over the various possibilities with crypto as interest and use cases, surged in the country. With many speculating over Zimbabwe going the El Salvador route, the government paused to clarify, it was not looking to make crypto legal tender.

10.11 / 02:51

Digital Coinone Bitcoin enaira A battle of wallets: El Salvador’s Chivo vs. Nigeria’s eNaira CBDC

The eNaira arrived on the world’s nascent CBDC scene after months of hopes, disappointments, a last minute postponement, and a great deal of doubt. However, Nigerians all over the globe have started using the digital currency and user feedback is coming in.

08.11 / 14:44

Adoption Africa Bitcoin Zimbabwe may be the next country to embrace Bitcoin as legal tender

Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector.

05.11 / 14:39

cryptocurrency Crypto Trading Obsessed with cryptocurrencies? It could be a form of gambling addiction

cryptocurrency logos in the packaging of grocery store items, he knew he had a problem. Danzico had been swept up in the global craze for trading digital currencies during the pandemic, and very quickly it had grown into an obsession. «I would have these sleepless nights where I'd be tossing and turning, trying to get these charts out of my head,» said the Barcelona-based designer and visual journalist. «I thought I was losing my mind.»

04.11 / 12:55

Digital Currency bitcoins Crypto lessons you can take from the ICC T20 World cup!

Like Cricket, the cryptoverse is also full of unpredictabilities, high-octane activity, and split-second change of fortunes. And if you are a regular trader, active on popular crypto exchanges like CoinSwitch Kuber, you would surely know! As unavoidable and exciting as the market and cricket volatility is, there is also a goldmine of crypto lessons to be taken from these action-packed, thrilling games.

04.11 / 08:35

XRP solana cryptocurrency prices today solana price today Shiba Inu Top cryptocurrency prices today: Solana, XRP soar 11% each, Shiba Inu tanks 7%

Barring Shiba Inu, that slid for another day due to profit taking, nine out of the top-10 cryptocurrencies were trading higher at 10.30 hours IST. Solana and XRP were the biggest gainers, rising nearly 11 per cent each. The global crypto market cap jumped about 3 per cent, to $2.73 trillion mark compared to the last day. However, the total crypto market volume was largely flat at $129.42 billion.

what's happening in El Salvador

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