20 Bills Under Progress in El Salvador ?? to Create Legal Framework ⚖ for Bitcoin Bonds in the Country

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20 Bills Under Progress in El Salvador ?? to Create legal framework ⚖ for Bitcoin Bonds in the Country

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El Salvador’s administration, led by President Nayib Bukele, has prepared 20 laws to provide a legal framework for issuing Bitcoin bonds.

On January 4, Treasury Secretary Alejandra Zelaya informed El Mundo in El Salvador that the laws will contain procedures for issuing securities in cryptocurrencies to assure the sustainability of the Bitcoin bonds announced in November 2021. He stated:

“[This is] to provide a legal certainty and legal structure to everyone who buys the Bitcoin bond.”

However, he did not establish a deadline for the legislation’s submission to parliamentarians.

President Bukele has vowed that the $1 billion raised from the bond offering will be used to fund the Bitcoin City plan, which will provide “digital and technology education, entire city’s geothermal energy, and sustainable and efficient public transportation.”

Investors are interested in the Bitcoin bond, according to Zelaya, since it provides exposure to BTC and has a 10-year maturity with a 6.5 percent interest rate.

On January 2, 2022, President Bukele tweeted his predictions for 2022 that “Volcano bonds will get oversubscribed and Bitcoin city will begin the construction.”

Robinhood Debuts the Very-first 1️⃣ Trade Recommendations for Newbie Investors

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Robinhood has launched a new experience focused on trading newbies. The company claims that its personalized stock suggestions might help beginners grasp the technical aspect of trading.

If you’re a new user with nothing in your Investment Profile, the Investing tab will offer you the option to “Get help with your first investment.”

Robinhood will next ask you a series of questions about your financial goals, how long you expect to invest your money, and so on.

Based on your responses, Robinhood will create a customized portfolio for you that includes four different exchange-traded funds, as well as details on each fund and why Robinhood chose it for you.

You can decide whether or not to invest in the recommended ETFs after you’ve evaluated all of the funds.

And, if you’re lost when it comes to investing, Robinhood is also giving “Tours” to teach you the ropes of trading.

The software will provide you with a quick rundown on financial terminology, as well as some of the key elements.

Last year, banking regulators penalized Robinhood $70 million for failing to protect investors and supervise trades adequately, and it’s feasible that well-verified advice will prevent it from repeating that mistake.

It doesn’t get much riskier than depending on advice from Reddit or Discord.

TikTok tests a Repost Button ?, like Twitter, for Video sharing

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TikTok has added a “Repost” button that functions similarly to Twitter’s retweet tool, but it is not available to all users just yet.

Several websites had already reported on the feature, and on December 19, social media strategist Matt Navarra tweeted an image of the button.

Furthermore, videos posted with the Repost button will only appear on their friends’ For You feeds, not in the sharer’s profile.

Only people who follow each other’s feeds will see the video using the Repost button. According to reports, the feature is now being tested with a small group of users.

TikTok did not respond to a request for comment on the feature or how widely it is currently available.

Still, the firm said in a statement to TechCrunch that it is “always thinking about new ways to offer value to our community and expand the TikTok experience.”

Remember that comments on shared videos are visible, yet they will vanish if you unshare a video with your mutuals.

With the Growth ⬆️ in Institutional Adoption, Crypto Funds Attracted $9.3 Billion ?  During 2021’s Inflows

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In 2021, institutional cryptocurrency funds saw unprecedented inflows as demand for digital assets like Bitcoin (BTC) and Ether (ETH) increased during a tumultuous and unpredictable bull market.

Last year, Bitcoin funds received $6.3 billion in money, while Ether products received over $1.4 billion. Investors put $775 million into top-rated multi-asset funds.

In 2021, 37 investment items were introduced, compared to 24 the year before. Notably, the number of crypto assets incorporated in investment products increased to 15 from nine the year before.

As of Monday, Grayscale was the most prominent crypto asset manager, with $43.5 billion in assets under management.

3iQ, ETC Group, 21Shares, Purpose, and ProShares were other multibillion-dollar asset managers.

Despite their extreme volatility, cryptocurrencies gained mainstream acceptance in 2021, with regular and institutional investors investing.

A host of BTC exchange-traded products emerged along the process, including the Purpose Bitcoin ETF in Canada, which provided immediate exposure to the leading digital currency to North American investors.

Around the Web ?

China has released apps for its digital money on the iPhone and Android platforms. China has released a beta version of an app that allows users to save and pay in digital yuan (e-CNY). The People’s Bank of China (PBOC) created the digital yuan to replace banknotes and coins. It is not a cryptocurrency. The new e-CNY app is accessible on both the Android and Apple app stores in China. However, it is only available in ten cities.


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