This is the cryptocurrency news for today.
Are you curious about today’s crypto events? Get the most recent information on events and trends that affect the price of Bitcoin, blockchain, DeFi, NFTs, Web3, and regulations pertaining to cryptocurrencies.
In the meantime, the price of Bitcoin BTC briefly fell below $41,000, wiping out nearly a week’s worth of gains. El Salvador’s digital asset regulator has approved the country’s first Bitcoin FIFA, which is launching a nonfungible token (NFT) collection with a chance to win World Cup tickets.
Crypto fund C1, which invests in companies in the digital asset space, is reportedly seeking to invest in crypto firms with a valuation of $300 million and above.
Bitcoin bonds for El Salvador are anticipated to debut in Q1.
According to reports, El Salvador’s eagerly awaited Bitcoin bonds, dubbed “Volcano Bonds,” have obtained regulatory approval for an early 2024 launch.
A Dec. 11 statement from The National Bitcoin Office (ONBTC) stated that the Volcano Bond was apparently approved by El Salvador’s Digital Assets Commission and is expected to launch during the first quarter of 2024.
On January 11, El Salvador initially approved the historic legislation that established the legal parameters for the bond backed by bitcoin.
The Volcano Bond is meant to finance the building of the nation’s planned “Bitcoin City” as well as the repayment of sovereign debt.
According to ONBTC, the bond will be issued on the Bitfinex Securities Platform, an El Salvador-registered trading platform for blockchain-based stocks and bonds.
Gold Bonds: This is the cryptocurrency 1 news for today
With the bonds expected to mature in ten years and yield a 6.5% annual return to holders, it marks the start of Bitcoin-based capital markets in the nation. FIFA starts collecting NFTs.
On December 15, FIFA and blockchain company Modex will introduce a 100-NFT collection that will include icons from the organization’s ninety-two-year history as well as the opportunity to purchase FIFA World Cup 2026 tickets.
$500 million cryptocurrency fund looks to invest in companies like Animoca Brands and Chainalysis as the cryptocurrency markets continue their bullish momentum.
C1 Secondaries Fund, with $500 million in assets, is one such fund. The Australian Financial Review revealed on December 10 that the fund based in Silicon Valley and the United Arab Emirates is willing to write checks for $20 million to $50 million to purchase private holdings in cryptocurrency companies that have been valued at $300 million or more in their most recent funding round, citing a pitch deck.
In its most recent capital raise, Animoca Brands sold shares for about $4.50. But a former Coinbase executive co-founded the C1 Fund, which has offered to purchase the shares at roughly $1.12, a price that is 75% less than its
Amid the 2023 Club World Cup, FIFA introduces the NFT collection. The total trading volume of FIFA NFTs, which are minted on Algorand, has only reached $2.4 million since their launch in September of last year.
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