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Explained: El Salvador’s contentious bitcoin-backed Volcano Bonds

El Salvador’s Volcano Bonds will be a great way to whitewash Tethers by swapping them for a government-approved debt issuance.

Opinion: Bitfinex goes full fascist

Salvadoreans are being imprisoned, murdered, and stripped of their rights, so why is Bitfinex getting friendly with the country’s government?

According to two investment tracking websites, Michael Saylor and Nayib Bukele are a combined $1.75B down on their bitcoin investments.

Bukele was responding to the Bank of England’s concerns that users might not be prepared for just how volatile its price could be.

El Salvador’s government has accumulated $24 billion in debt since 1979 and the IMF predicts it will owe $38 billion within five years.