Call it an urban experiment on a grand scale, where cryptocurrency lays the foundation for daily life — literally — yet may be as explosive as the volcano powering it all. News came last week that El Salvador is planning to build a “bitcoin city,” in turn funded by bitcoin, still the marquee name in […]
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CoinDesk Podcasts – Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
Nathaniel Whittemore, also known as NLW, is a seasoned strategy and communications consultant for top crypto firms.
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.
El Salvador's President Nayib Bukele To Speak At Bitcoin 2022 Conference
Bukele will share his experience in pursuing a Bitcoin standard while challenging the assumptions of international bodies.
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….
Read More: El Salvador’s Bitcoin City, BTC Bonds Plans Met With Mixed Reaction
El Salvador Plans to Build Tax-Free Bitcoin City
El Salvador is delving further into bitcoin and plans to issue sovereign bitcoin bonds, Bloomberg reported. The country, which has already made bitcoin a legal tender, will issue $1 billion in tokenized U.S.-dollar denominated 10-year bonds to pay 6.5% through the Liquid Network, according to the report. Half of the funds will be converted to […]
Bitcoin Daily: Hillary Clinton Critiques Bitcoin; California Man Sentenced on Crypto Money Laundering Charge; El Salvador Plans Sovereign Bitcoin Bond; Bitcoin Could See Worst Week in Months
Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported. “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the […]
El Salvador to Issue $1 Billion Bitcoin Bond to Fund ‘Bitcoin City’
President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from geothermal sources. Bukele also […]
El Salvador to inaugurate Bitcoin City backed by $1B Bitcoin bonds
The development of Bitcoin City will see the proactive involvement of prominent crypto companies including cryptocurrency exchange Bitfinex and Adam Back’s Blockstream.
El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador. “Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans… [Read more]
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