El Salvador’s ‘Bitcoin City’ has a Canadian connection

By Claire Brownell Nov 22, 2021

El Salvador President Nayib Bukele wants to build a Bitcoin city. Wearing a backwards baseball cap, the leader of the Central American country announced the plans at a party celebrating the end of a week-long Bitcoin conference. The country will be issuing a US$1-billion bond, using Victoria-based Blockstream’s Bitcoin-based Liquid Network, half of which will go toward the allocation of Bitcoin, with the other half to build out energy and mining infrastructure in the region.

In-depth, agenda-setting reporting

Great journalism delivered straight to your inbox.

News

Ether surges as co-founder Vitalik Buterin teases major upgrade

By Catherine McIntyre

Briefing

U.S. FTC looks to regulate data and algorithms

By Murad Hemmadi | Last updated 4 hours ago

CPP Investments’ assets shed $16B in Q1

By Catherine McIntyre | Last updated 4 hours ago

Meta expands encryption of Messenger chats

By Aleksandra Sagan | Last updated 4 hours ago

Best business newsletter in Canada

Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

Exclusive events

See the bigger picture with reporters and industry experts in subscriber-exclusive events.

Membership in The Logic Council

Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.