Cryptocurrency

Stacy

Bitcoin

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitfinex-refunds-investors-in-hotel-project" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitfinex Refunds Investors in Hotel Project</a><br></p>
<p style="text-align: justify">Cryptocurrency exchange Bitfinex has announced it will refund investors in the Hilton hotel project at El Salvador’s international airport. The project failed to meet its funding goal of $500,000, raising only $342,000. Consequently, the public offering has been removed from Bitfinex’s website.</p>
<h2 id="public-offering-removal-what-s-next">Public Offering Removal: What’s Next?</h2>
<p style="text-align: justify">The Hilton hotel project, the first public offering of digital debt assets in El Salvador, fell short of its financial target. A Bitfinex representative confirmed investors will receive refunds, but Bitfinex will wait for the debt issuer to propose a new offer before taking action. Currently, the issuer, Inversiones Laguardia S.A. de C.V., has not disclosed its next steps.</p>
<p style="text-align: justify">Funds raised were meant to finance an 80-room Hampton by Hilton hotel, complete with a restaurant, workspaces, swimming pool, gym, and garden. Investors, each contributing a minimum of $1,000 for the “HILSV” token on the <a href="https://en.bitcoinhaber.net/the-potential-of-bitcoin-to-reach-1-million-according-to-expert-dan-tapiero" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> Layer 2 Liquid Network, expected a 10% coupon over five years in return.</p>
<h2 id="why-did-el-salvador-pursue-bitcoin-projects">Why Did El Salvador Pursue Bitcoin Projects?</h2>
<p style="text-align: justify">El Salvador, known for its Bitcoin-friendly policies, had granted Bitfinex a digital asset service provider license in April 2023. The hotel project was seen as a significant step toward blending real-world asset tokenization with Bitcoin. Bitcoin commentator Stacy Herbert noted that Bitfinex’s involvement marked a new era for capital markets in El Salvador, providing new financial opportunities for the local population.</p>
<h2 id="concrete-insights-for-investors">Concrete Insights for Investors</h2>
<ul>
 <li>Investors in tokenized assets should monitor project milestones closely.</li>
 <li>Understanding the financial health and plans of issuers is crucial.</li>
 <li>Regulatory changes in host countries can impact project viability.</li>
 <li>Market demand plays a significant role in the success of digital asset offerings.</li>
</ul>
<p style="text-align: justify">Though the Hilton hotel initiative has stalled, El Salvador remains committed to its Bitcoin strategy. The government is exploring the creation of investment banks with fewer restrictions for Bitcoin investors, indicating continued support for crypto-related <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">financial services</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitfinex-refunds-investors-in-hotel-project" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitfinex Refunds Investors in Hotel Project</a></h5>

Bitfinex Refunds Investors in Hotel Project

Съдържание

BH NEWS

Други статии, публикувани на 6.07.2024 г.

UMA Enables Secure Financial Contracts

Solana (SOL) Donation of 1 Million Dollars from the US Giant Company to Cryptocurrency Supporter ...

Is Solana Ready to Rebound Above $130?

After $PONKE and $WEN, the Next Biggest Meme Coin is coming on the Base Chain: Join the $KUROMI P...

DogeLend Presale Live: Capturing the Spirit of Dogecoin with a Fresh Twist

MANTRA (OM) Bounces Off 100-Day EMA, Aims To Preserve $1 Mark

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!