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SAN SALVADOR, Nov 20 — El Salvador plans to build the world’s first “Bitcoin City” which will be funded initially by bitcoin bonds, President Nayib Bukele said today, doubling down on the Central American country’s bet on the crypto currency. Speaking at an event to mark the close of a...

DNA Explainer: How THIS country plans to build worlds first Bitcoin City - The Bitcoin City which will be located along the Gulf of Fonseca near a volcano, will be funded with the issuance of a USD 1 billion Bitcoin Bond.

El Salvadors President Nayib Bukele announced plans to build a bitcoin city called Bitcoin City in a circular form at the base of the Conchagua Volcano, using its energy to mine the cryptocurrency.

El Salvadors government wants to build a Bitcoin City, city is shaped like a coin, and it would be built next to a volcano.

A volcano-powered Bitcoin City will be partially funded by $1B in government-issued, dollar-denominated, bitcoin bonds via Blockstream’s Liquid Network, a sidechain of the Bitcoin Mainnet.

When Kingsley Amis encountered the works of D. H. Lawrence, he was left unimpressed by yet another great denouncer and missionary the English send “themselves to tell them they are crass, gross, lost, dead, mad and addicted to unnatural vice.” With little charity, Amis suggested leaving the didactic novelist on “on his pinnacle, inspiring, unapproachable […]

Crypto exchange Bitfinex will support El Salvador’s Bitcoin City initiative by launching a securities platform to hold the $1 billion Bitcoin bonds.

Bukele said the planned city in the east of the country would get its power supply from Berkane and would not levy any taxes except for value-added tax.

Check out who World Red Eye caught partying in Miami this week.

ELEV8-Miami 2021 Keynote Speakers to include Brock Pierce and Michael Terpin May 27, 2021 20:51 ET | Source: ELEV8 ELEV8 Marina Del Rey, California, UNITED STATES Sheridan, WY, May 27, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Appliqate Inc. (OTC: APQT) announces ELEV8-Miami 2021  Keynote Speakers. Brock Pierce an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. H...