Bitcoin City

All eyes are on El Salvador’s bitcoin bonds this week as the Latin American country hopes to raise $1 billion. Revenue from the bonds will be used to buy more BTC. It will also be used to fund El Salvador’s ambitious “Bitcoin City” near the…
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El Salvador is seemingly embarking on a path of economic transformation. El Salvador’s president Nayib Bukele has announced that the country will offer citizenship to any person who invests in the country. Bukele is already famous for…
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Globally, bitcoin adoption is on the rise. El Salvador has already announced that BTC can be used as legal tender in the country. Many other countries are contemplating similar moves. Samson Mow who was heading strategy at Blockstream till…
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El Salvador may have already raised its billion-dollar bitcoin bond - $500 million in verbal commitments, says a report. Blockstream, a tech firm that is coordinating the bond, told the Wall Street Journal that half is done, but the figure…
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No international organization is going to make us do anything, anything at all, says El Salvador’s Treasury Minister Alejandro Zelaya, who believes bitcoin is an issue of sovereignty. This comment comes after the International Monetary Fund…
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IMF has always been critical of cryptocurrencies. Recently it advised El Salvador to stop using bitcoin as a legal tender. Members of the IMF board said that bitcoin could affect the country’s financial system negatively.…
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President of El Salvador Nayib Bukele is widely known for his ambitious and erratic decisions when it comes to Bitcoin. The biggest example of this would be the move of making Bitcoin legal tender in the country. However, Bukele did not…
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The President of El Salvador, Nayib Bukele, is known widely as a strong supporter of bitcoin. He took to Twitter to make predictions on the growth of bitcoins. He predicted that very shortly, more countries will accept bitcoin as legal…
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El Salvador is the first country, and so far the only country in the world, to provide the status of legal tender to Bitcoin. The country is currently getting ready to introduce around twenty bills, which are intended to give a legal…
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The El Salvadoran government is set to send around 20 bills to establish a foundation for issuing bitcoin bonds. Alejandro Zelaya, the Finance Minister, said the bills will provide a legal foundation for issuing the bonds. The premiere…
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