Cryptocurrency Analysis and News Portal
60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10.According to a Friday post from 60 Minutes’ Twitter account, the investigative news show will air a segment on the crypto-friendly area of El Zonte, a
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U.S. representatives Norma J. Torres (D-Calif.) and Rick Crawford (R-Ark.) on Monday introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act, looking to mitigate risks to the U.S. financial system from El Salvador's adoption of bitcoin (BTC) as legal tender. Source
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Quick take: President Nayib Bukele met with Binance CEO, Changpeng Zhao Bitcoin was a key topic at the meeting The two also discussed the importance of crypto regulation, crypto adoption and an increase in blockchain education CZ had earlier met the President of Uruguay, Luis Lacalle Pou Earlier today, the President of El Salvador, Nayib
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“Here, in La Unión, there is little commerce. La Unión needs more places like Bitcoin City to help the economy grow and La Unión to change, as we see in San Salvador,” he said, referring to El Salvador’s capital city. “There should be many places to visit. In La Unión,
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With a 6.5% coupon, the billion-dollar bond will generate $65 million in annual interest expenses, but according to LaGeo’s financial statements, the company only booked $136 million in revenue last year and $36 million in profits. As a result, the added interest payments will make the company very unprofitable. Plus,
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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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“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the legislation would require the State and Treasury Departments, among other federal agencias, to mitigate risks such as potential
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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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A bipartisan group of senators introduced legislation in the U.S. Senate which seeks to mitigate perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.The proposed Accountability for Cryptocurrency in El Salvador Act (ACES) aims to “mitigate potential risks to the U.S. financial system” such as money
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