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Still, there are plenty of questions about the functional details of the bond, and a lot of unknowns about its real impact. To find out more, I recently spoke with Samson Mow, CEO of Blockstream. Mow and Blockstream acted as advisors on the design of the bond, and the bond
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“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Original Source
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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
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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
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“This is one of the biggest changes we are likely to see in financial market infrastructure in our lifetime,” said Todd McDonald, R3′s co-founder, in a statement. “In fact, if ever there was a David & Goliath moment in the history of capital markets and financial market infrastructure, it’s the
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On-chain data also show bullish signs for bitcoin in the medium term, said Eddie Wang, senior analyst at OKLink research, crypto exchange OKEx’s on-chain data research arm. The network’s hashrate has been steadily increasing since July, the mining difficult has also increased eight times, and miners have accumulated over BTC
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“This project went well beyond previous blockchain initiatives because it successfully tested most central securities depository and central bank processes whilst eliminating current interim steps, such as reconciliation between market intermediaries,” said Soren Mortensen, global director of financial markets at IBM as cited in the report. “We are rapidly moving
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The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several variants over the past year is the 'rebase' model, which is designed in
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Bitcoin mining firm Greenidge Generation Holdings (NASDAQ: GREE) plans to sell $50 million worth of five-year bonds.The Nasdaq-listed firm has entered into an agreement with an underwriter for the sale of $50 million worth of 8.5% senior notes due 2026, according to an SEC filing dated Oct. 8.The offering is
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One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin.The historic proposal, called “Security Tokens Refinancing,” was submitted to Maker’s governance forums by the international bank on Friday. It would be the
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