Market Color YouTube

Market Color Podcast

Episode Summary

• El Salvador President Nayib Bukele announced that El Salvador will be creating a “Bitcoin City”, located on the Gulf of Fonseca near a volcano.

• Also announced was El Salvador plans to issue $1 billion US “bitcoin bond”, developed by Blockstream, on the Liquid Network.

• Samson Mow, Blockstream’s chief strategy officer stated that the $1 billion in tokenized bonds will be 10-year U.S.-dollar denominated and pay 6.5% initially.

• Square has revealed their white paper for an unnamed decentralized protocol, dubbed “tbDEX.”

• The authors of the paper noted “The tbDEX protocol approaches trust differently than other decentralized exchange protocols in the sense that it does not utilize a trustless model, such as atomic swaps.”

• Celsius Network has added an additional $300 million of investment into Bitcoin mining investment. The investment will be used expand its proprietary Bitcoin mining hash rate and power capacity in North America.

• Canaan has delivered 2,000 Avalon mining rigs to Kazakhstan, and their overseas-registered entity in Kazakhstan will start joint operations, with more batches of miners expected throughout the week.

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