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Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets
8.4.2023
Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study...
Here's Why Crypto Traders Should Be Attentive to 'De-Inversion' of Treasury Yield Curve
24.3.2023
Treasury curve suggests the widely-anticipated U.S. economic recession is near. Historically, the signal has brought pain to risk assets
Bitfinex CTO Says El Salvador’s Bitcoin Bonds Will Launch This Summer – But There’s a Twist
23.3.2023
The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of digital securities....
El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
26.11.2022
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which...
Bukele's government introduced a bill to launch the 'Bitcoin bonds'
23.11.2022
A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”
El Salvador Proposes Digital Securities Bill, Paves Way for Bitcoin Bonds
23.11.2022
The legislation paves the way for the issuance of El Salvador's "volcano bonds" expected to raise $1 billion for the government
Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed
1.9.2022
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...
Critics Say El Salvador Could Default on Conventional Debts Before it Even Issues Bitcoin Bonds
13.5.2022
Concerns are being voiced that El Salvador could default on bond payments, with international critics claiming that President Nayib Bukele’s “experiment” to grant bitcoin (BTC) legal currency status “has hit a wall.”...
Read More: Critics Say El Salvador Could Default on Conventional Debts...
El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister
4.5.2022
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets....
Crypto-Friendly Special Economic Zone in Honduras Adopts Bitcoin as Legal Tender
9.4.2022
A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.” Bitcoin Operates...
Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bonds
1.4.2022
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin
Bitfinex Says Customers Ready to Splurge USD 0.5B on El Salvador’s Bitcoin Bonds
30.3.2022
The crypto exchange Bitfinex, which will host the issuance of El Salvador’s much-talked-about bitcoin (BTC) bonds, says that it has already received “half a billion dollars” worth of interest in the offering from its customers.
The Financial Times quoted Bitfinex Chief Technology Officer Paolo...
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible
23.3.2022
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at...
El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
23.3.2022
El Salvador could push its bitcoin (BTC) bond issuance back as far as September, the nation’s Finance Minister Alejandro Zelaya has admitted – but a more imminent issuance is still on the table....
Read More: El Salvador’s Bitcoin Bonds May Be Delayed Until September, Says Finance Chief
El Salvador postpones Bitcoin bonds to September: Report
23.3.2022
Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well
El Salvador seems to delay its 'volcano bonds' launch
21.3.2022
The government has repeatedly announced that the launch would take off by March 20 but apparently failed to deliver it
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
6.1.2022
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds...
El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds
5.1.2022
The raft of bills will help El Salvador’s government establish the legal and financial framework for the $1 billion Bitcoin bond issue, known as Volcano Bonds
Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts
3.1.2022
El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds...
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
23.11.2021
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano...