Crypto Market Cap | El Salvador creating Bitcoin City & Celsius Network expansion | Market Color

CrossTower’s Research Analyst, Martin Gaspar, talks latest and greatest crypto news and market trends with our Trader, Chad Steinglass, and Data Analyst, Katherine Webb. Tune in to learn more about:

• 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 decentral ...