El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering to Buy More Crypto
El Salvador plans to build “Bitcoin City,” an entire city based on bitcoin located along the Gulf of Fonseca near a volcano. President Nayib Bukele also said he plans on issuing a $1 billion “bitcoin bond,” a tokenized financial instrument developed by Blockstream on the Liquid Network.
What's Behind Bitcoin's Dramatic Pullback to Lowest Level Since Oct. 13?
Bitcoin is bouncing back from its five-week lows Friday. Blockchain analytics platform CryptoQuant says the early drop was predominantly driven by traders taking short positions in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Looking to Bounce Back From Low of Sub-$56K
Bitcoin is recovering to above $58,000 at press time from the low of $55,666 reached during the early European trading hours, the lowest level since Oct. 13. "The Hash" team discusses whether this could signal a bear market or just a healthy price correction.
Key Factors Impacting Bitcoin Market Movement This Week
“All About Bitcoin's” Week in Review panel discusses what to make of this past week's significant markets sell-offs, examining the potential impact of China's continued mining crackdown and India's efforts to ban crypto transactions. Plus, reactions to the iconic Staples Center being renamed as the Crypto.com Arena in one of the biggest naming deal in sports history.
Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K
Bitcoin is looking to regain its footing, having reached five-week lows early Friday in a move market participants said was driven by derivatives. Haohan Xu, CEO of crypto trading firm Apifiny, discusses his views on bitcoin's trajectory and how low it could go. Plus, whether the benefits of Taproot could already be priced into BTC.
Paxful CEO on El Salvador's Bitcoin Rollout
On the ground in El Salvador at the 2021 Latin American Bitcoin and Blockchain Conference, CoinDesk's Elaine Ramirez talks to Ray Youssef, CEO of Paxful, a peer-to-peer crypto marketplace that has made strides onboarding crypto adopters in emerging markets. Youssef discusses the latest on El Salvador's bitcoin rollout and the country's wider state of crypto affairs.