Bitfinex Securities Introduces El Salvador’s First Tokenized Debt to Fund New Hilton Hotel
The token will be issued on the Liquid Network, a bitcoin sidechain.
Binary trading platforms with better performance and payouts
El Salvador
The token will be issued on the Liquid Network, a bitcoin sidechain.
At the current price just above $70,000, the nation now holds about $400 million worth of bitcoin.
The country is setting a precedent for others to follow, Moonwalker Capital Tatiana Koffman writes.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Central American nation moved $400 million in BTC into a cold storage wallet this week.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
President Nayib Bukele said in an X post that the Central American nation is earning bitcoin revenue from four different avenues.
The country in 2021 became the first nation to adopt bitcoin as legal tender.
El Salvador is sitting on a $12.6 million unrealized profit on its bitcoin investment after being in the red for two years.
The bonds are expected to launch in Q1 of 2024, several posts amplified on social platform X by President Nayib Bukele suggest.