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El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’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 was signed by Bukele and El Salvador’s […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed

Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further DelayedThe 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 […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury MinisterThe 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. According to Treasury Minister Alejandro Zelaya, […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report

El Salvador’s Bitcoin (BTC) bonds are oversubscribed by around 50%, according to a Financial Times report. The Central American country announced in November of 2021 that it would issue Bitcoin bonds worth $1 billion. Citing El Salvador’s finance minister Alejandro Zelaya, sources tell the Financial Times that the total value of the bids for the […]

The post Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report appeared first on The Daily Hodl.

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays PossibleThe 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 a possible delay that would see the […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts

Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President PredictsEl 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 to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ AnnouncementThe 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 and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use […]

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report