At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to … [Read more...] about Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
Bond
Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It
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 will be issued using Liquid, a bitcoin-based service created by Blockstream. But Blockstream won’t be … [Read more...] about Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It
Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
“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. Source link … [Read more...] about Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
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 volcano. The government plans on locating a power plant by the volcano to provide energy … [Read more...] about El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
Switzerland’s Six Digital Exchange Launches With Blockchain Bond
“The first issue of a tokenized bond on the SIX Digital Exchange as well as its listing and placement in the market proves that the forward-looking distributed ledger technology (DLT) also works very well in the highly regulated capital market,” said Thomas Zeeb, Global Head of Markets at SIX, in a statement. Source link … [Read more...] about Switzerland’s Six Digital Exchange Launches With Blockchain Bond