El Salvador Bitcoin bond delayed due to security concerns: Tether CTO
The Bitcoin bond was announced in November last year and was initially expected to launch in the first quarter of 2022. Go to Source Powered by WPeMatico
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Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed
The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital … Read more
Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin Panel
A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required. Go to Source Powered by WPeMatico
Bitcoin Beach to Receive More Than $203 Million in Infrastructure Investments in El Salvador
El Zonte, a beach in El Salvador rebaptized as “Bitcoin Beach” due to its adoption of the cryptocurrency, will receive infrastructure investments as part of a strategic plan of the government of El Salvador. Surf City, another beach location in the La Libertad region, will also receive road improvements and other upgrades. ‘Bitcoin Beach’ to … Read more
El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto
If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you. Go to Source Powered by WPeMatico
Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction
Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to data from the World Tourism … Read more
Tourists flock to El Salvador despite Bitcoin bear market
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022. Go to Source Powered by WPeMatico
Morgan Stanley encourages investors to buy battered El Salvador Eurobonds
The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it’s facing currently. Go to Source Powered by WPeMatico
Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets
During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately … Read more
Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to … Read more
