El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’
One of two seaports that will be transformed sits near the site of the country's planned tax-free crypto haven.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits
Abstract, the Ethereum layer 2 that Pudgy Penguins parent Igloo Inc. built to bring everyday users onchain, will shut down on Dec....
Bitcoin rally delivers $4.1 billion tax windfall for Strategy
Strategy estimated a $4.1 billion income-tax benefit after Bitcoin's fair value rose above cost as of Sept. 30, according to its O...
The Real Estate Market Is Dead in Spain. Long Live Bitcoin.
Bitcoin Magazine The Real Estate Market Is Dead in Spain. Long Live Bitcoin. Spain has just shown every property owner in Europe t...
Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows
Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively w...
3 countries control 66% of Bitcoin mining, but 1 rival is gaining
Bitcoin's estimated US mining footprint shrank as Russia's grew, with little change in top-three country concentration. Hashrate I...
Circle, Ripple and Hedge Fund QRT Back Crypto Exchange OKX at $25 Billion Valuation
Stablecoin issuer Circle, Ripple, Standard Chartered’s investment arm SC Ventures and London-based hedge fund Qube Research & Tech...