El Salvador’s political leader, who is among the biggest proponents of bitcoin, announced the news on Twitter, regretting that most international media outlets did not spread the information. At the same time, they were among the first to doubt whether the country would be able to repay the $800 million bond that matured on January 23. 

El Salvador’s $800 million bond issue set to mature Jan. 24, 2023 has been repaid with interest, the country’s President Nayib Bukele said on Twitter.

In 2021, the Republic of El Salvador announced that it would raise $1 billion through bitcoin bonds, also referred to as the Volcano Bonds, because of the use of renewable energy, including that generated from the country’s active volcanoes, to fund bitcoin mining.

The Miss Universe 2023 contest had various show-stopper moments during its National Costume Competition today. 

The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for the issuance of the long-expected volcano bonds.

A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to help in the handling of the issues, has talked about ID theft, money laundering problems, and the tech issues he observed while working with the Chivo team.

Actress and model Alejandra Guajardo represented El Salvador in the preliminary competition of the Miss Universe 2022 pageant by wearing a costume featuring Bitcoin during her walk across the stage.

El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds.

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”. The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. The National Bitcoin Office of El Salvador announced the passage of the bill in a Jan. 11 tweet thread, noting that they will begin issuing the bonds soon. (Cointelegraph)

The Legislative Assembly of El Salvador approved on Wednesday a law for the issuance of digital assets other than bitcoin. Included in the legislation was a legal framework for the issuance of a bitcoin-backed bond, also known as the volcano bond.