Volcano Energy Invests $250M in El Salvador’s Bitcoin Mining
Renewable energy developer Volcano Energy has invested $250M as part of its $1B commitment to Bitcoin mining in El Salvador. The funds would be used to construct a 241 MW solar and wind power generation park. The first $250 million has been contributed to the public-private partnership in El Salvador that will invest $1 billion […]
Bitfinex Receives Cryptocurrency License in El Salvador
Bitfinex declared that it has become the first official cryptocurrency license holder in El Salvador. The Bitfinex team announced on Tuesday that its crypto exchange unit became the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider under El Salvador’s ground-breaking new Digital Assets Issuance Law. […]
Jack Dorsey finances Bitcoin education in El Salvador
Mi Primer Bitcoin, the El Salvador based organization received 0.26 BTC in funding from Twitter co-founder Jack Dorsey. Co-founder and former CEO of Twitter Jack Dorsey donated to an El Salvador Bitcoin educational organization earlier today, marking his first act of crypto philanthropy. Mi Primer Bitcoin, which translates to “My First Bitcoin,” is an initiative […]
El Salvador passes bill to encourage Bitcoin-backed bonds
El Salvador recently enacted legislation that establishes the legal foundation for a Bitcoin-backed bond, dubbed the “Volcano Bond,” which would help pay the country’s debt and finance the development of its envisioned “Bitcoin City.” On January 11, the National Bitcoin Office of El Salvador tweeted about the bill’s passing and said it will soon start […]
Bukele government unveiled a bill to launch the ‘Bitcoin bonds’
A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.” El Salvador finally took a significant step toward the implementation of its grandiose “Bitcoin bonds” concept during the recent decline in the cryptocurrency market. A law was submitted by the Minister of the Economy, […]