El Salvador’s President Nayib Bukele urged his 3.6 Million Twitter users to avoid spreading Reuters FUD. President Bukele Disproves Bitcoin Magazine’s Report President Bukele’s Wednesday was spent in responding to the report of Binance CEO Changpeng “CZ” Zhao being called in to salvage El Salvador’s Bitcoin Bond Sale. Late on Wednesday, Bukele took to Twitter appealing to his users to stop the spread of Reuters FUD. I’m a fan of @BitcoinMagazine, please don’t spread @Reuters FUD. The #Bitcoin Volcano Bonds 🌋 will be issued with @bitfinex. The short delay in the issuance is only because we are prioritizing internal pension reform and we have to send that to congress before. https://t.co/chUGgdDBDc — Nayib Bukele (@nayibbukele) March 23, 2022 The tweet was in response to Bitcoin Magazine’s allegation towards Binance CEO Changpeng “CZ” Zhao jetting into the country. The report claimed that Binance is assisting El Salvador in assisting the country’s Bitcoin bond issuance after the delay in the sale. Earlier this week, Finance Minister of El Salvador, Alejandro Zelaya stated that due to unfavorable conditions of the market, the $1 Bitcoin bond offering was postponed. President Bukele Hits Out At Bitcoin Magazine Nayib Bukele shared another tweet confirming his upcoming meeting with the Binance CEO. Bukele says that his discussion with CZ will not be related to the Volcano Bonds. He cheekily added that unless CZ is interested in some, they won’t be talking about it. I’m meeting with @cz_binance tomorrow to discuss OTHER issues, not the Volcano Bonds 🌋 Unless he wants to buy some, of course 😉#Bitcoin fixes FUD! — Nayib Bukele (@nayibbukele) March 23, 2022 In agreement with Bukele, Samson Mow, former Blockstream Chief Strategy Officer, and Advisor tweeted that there has been a delay due to the new laws passed by Congress. Managing the bond insurance, Bitfinex’s CTO Paolo Ardino also chimed in agreement. https://t.co/2VdxwD7La2 — Paolo Ardoino (@paoloardoino) March 23, 2022 Bukele’s Displeasure With The U.S. Senate As El Salvador has decided to adopt Bitcoin, the U.S. Senate passed a bill to alleviate risks to the financial system of America. Bukele was surprised that the U.S. Government was afraid of El Salvador’s plans. “The US Government DOES NOT stand for freedom and that is a proven fact. So we will stand for freedom. Game on!” What is Bitcoin Bond Used For? Issued by the country El Salvador, Bitcoin Bond is the country’s way of accumulating Bitcoin reserves and funding the construction of the city called Bitcoin City. Reportedly, the BTC City will run on geothermal power that will help in Bitcoin mining and the city’s infrastructure.
It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of…
Honduras' central bank has issued a statement today clarifying that bitcoin is not regulated as a currency there, following rumors that the Central American country would imminently announce moves to make cryptocurrency legal tender.
El Salvador might delay BTC bond launch amid the Russia-Ukraine war conflict because of the strong uncertainty on the market so let’s read more in today’s latest Bitcoin news. The Finance Minister noted that El Salvador might delay the BTC bond issue because of the war in Ukraine but did mention that the bond was […]
The crypto payment gateway Paxful has opened “La Casa Del Bitcoin” in the heart of El Salvador’s capital city. It's official! Our new educational center in El Salvador is officially open! Check out @paxful and @paxful_LATAM to follow along🇸🇻 pic.twitter.com/RhP3KSYJSU — Briana Lynch (@BrianaLynch15) February 2, 2022 Salvadorans still lack knowledge about crypto assets Although […]