This episode is sponsored by NYDIG.
Right now on “The Breakdown,” a test in on El Salvador, the place President Nayib Bukele has simply introduced “Bitcoin Metropolis,” a brand new neighborhood that can function no earnings or capital positive factors tax and be designed to draw expertise from world wide. The hassle is being funded partly by a $1 billion bond that some are calling the “Volcano Bond.” The bond might be tokenized by Blockstream on Liquid and accessible for commerce on Bitfinex. NLW covers the bitcoin world’s response to the information (in addition to some fintwit skepticism).
See additionally: Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Suppose Volcano)
“The Breakdown” is written, produced by and options Nathaniel Whittemore aka NLW, with enhancing by Rob Mitchell, analysis by Scott Hill and extra manufacturing help by Eleanor Pahl. Adam B. Levine is our govt producer and our theme music is “Countdown” by Neon Seaside. The music you heard as we speak behind our sponsor is “Darkish Crazed Cap” by Isaac Joel. Picture credit score: Jaime Mejia/iStock/Getty Photographs Plus, modified by CoinDesk.