El Salvador To Issue 'Bitcoin Bond' On The Liquid Bitcoin Sidechain
The first country to adopt bitcoin as legal tender aims to raise $1 billion through bond issuance to purchase BTC and invest in infrastructure.El Salvador will issue $1 billion in bonds on Blockstream's Liquid Network, a federated Bitcoin sidechain, according to a statement sent to Bitcoin Magazine. The proceedings of the bonds will be split between a $500 million direct allocation in bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region. The move seeks to attract capital and investors to the Central American country."El....
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El Salvador is using a federated Bitcoin sidechain to issue a bond, a pivotal moment for Bitcoin’s evolution as a financial platform.
El Salvador’s finance minister, Alejandro Zelaya, stated on Friday that the Central American country is looking for the ideal time to introduce a bitcoin-backed bond, which might happen between March 15 and 20, depending on the outcome of the Ukraine conflict. El Salvador Bitcoin Bond To Fund Bitcoin City President Nayib Bukele plans to issue […]
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 from geothermal sources. Bukele also announced that El Salvador would partner with Blockstream and use its liquid network to issue the aforementioned bond.
Bitcoin City Announced in El Salvador
El Salvador and its president, Nayib Bukele, have taken the next step that will integrate bitcoin....
On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for being hypocritical toward blockchains like Solana. Blockstream’s Liquid Suffers From Block Signing Issues During Dynamic Federations Upgrade Cryptocurrency proponent Udi Wertheimer razzed the crypto company Blockstream on Tuesday as the Liquid....
Blockstream has announced its first Bitcoin sidechain called Liquid, set to be launched in early 2016. The sidechain will serve payment processors and brokerages among a dozen other major traders and licensed exchanges with instantaneous and secure transactions. Months after releasing the source code of Sidechain Elements - a codebase for developers to experiment and build sidechains, Blockstream, a startup comprising of a group of core Bitcoin developers has announced the first commercial application of sidechain technology with Liquid. Blockstream, having raised $21 million in venture....