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El Salvador President Nayib Bukele had a busy Wednesday evening on Twitter, first responding to a report that Binance was called in to to salvage his country’s Bitcoin bond sale, and also showing his displeasure with legislation making its way through the U.S. Senate. Source
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Mairead McGuinness, the European Commission’s most senior financial-services official, hailed what she described as “groundbreaking work” that could enable financial markets to “safely experiment” with innovative technology more efficiently by allowing traditional financial instruments like stocks, bonds and exchange-traded funds to be tokenized in spite of strictures normally contained in
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The country's finance minister said the launch could be postponed to as late as September, according to Reuters. Original Source
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The country’s finance minister had previously suggested the bond sale could be launched as soon as this week. Source
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Quick take: El Salvador could launch its Bitcoin bond between March 15th and 20th The choice of dates stands out as the U.S. Federal Reserve has an FOMC meeting from March 15th to 16th The bond, worth $1 Billion, is part of President Bukele’s plans of raising funds to buy more BTC and
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In a TV appearance, Alejandro Zelaya also confirmed that the coupon for the paper will be 6.5%. Source
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Concerns over ability to service debt, concentration of power in the presidency, and adoption of bitcoin as legal tender drove the downgrade. Source
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At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over
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By 2021, Statista found that there were over nearly 6,000 cryptocurrencies in existence, a staggering increase from the handful of digital tokens in 2013. With the rapidly evolving and expanding cryptocurrency industry, It’s no wonder that the amount of tokens has been skyrocketing. Alongside the rise in tokens, there has also
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Billionaire Jeff Gundlach has shared his thoughts around bitcoin, saying that the digital asset is massively overvalued. Gundlach who is also known as the ‘Bond King’ is the founder of the investment firm, DoubleLine Capital. Bitcoin which has suffered numerous dips that have caused it to lose over 30% of its
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