El Salvador

China’s Walled Garden

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Time Stamp: December 14, 2022 3:14 AM - Modified On: December 14, 2022 - Published By:
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Republished By Plato

Continuing our theme of speaking with people in the world of finance and technology we asked insiders at ByteDance in Shanghai their views about blockchain technology. The results give some useful insight into one of the likely narratives of the next bull run. In previous cycles narratives have ranged from Bitcoin being digital gold to NFTs being the cutting edge of the art scene. These topics pull new users into the space and with their added liquidity the value of the market begins to rise. The present decline in value

Bonds, Bitcoin Bonds

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Time Stamp: October 12, 2022 2:00 AM - Modified On: October 12, 2022 - Published By:
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Republished By Plato

Just over a year ago El Salvador made history by becoming the first, and only country in the world to make Bitcoin legal tender. Much to the anger of the international community of central bankers, they pushed ahead with their plans, doubling down by planning a $1 billion bond release to build Bitcoin City. According to the mainstream media, El Salvador’s experiment with cryptocurrency has been an unmitigated disaster. The country is on the verge of bankruptcy, there hasn’t been widespread adoption of crypto, and the president is a ruthless