newsycanuse

Panama City mayor teases Bitcoin reserve after meeting El Salvador's Bitcoin leaders

Bitcoin

Bitcoins

The mayor of Panama City seemingly advocated for a city-level Bitcoin reserve in a mysterious post after meeting two of El Salvador’s Bitcoin policy leaders this week.

bitcoins Panama City mayor teases Bitcoin reserve after meeting El Salvador's Bitcoin leaders

Panama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador’s Bitcoin policy leaders.

“Bitcoin Reserve,” Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert.

While Mizrachi didn’t share details about his discussions with Keiser and Herbert, the timing of the post came 11 days before the Bitcoin 2025 conference in Las Vegas, where Mizrachi is scheduled to speak.

Source: Mayer Mizrachi

The creation of a Bitcoin reserve in Panama City would follow a recently approved measure permitting the use of crypto for public payments, including taxes, fines and municipal fees.

Bitcoin (BTC), Ether (ETH), Tether (USDT) and USDC (USDC) will be accepted once the crypto-to-fiat payment rails are established, Mizrachi said at the time.

To push for a Bitcoin reserve at the federal level, Mizrachi would need to collaborate with Panama’s National Assembly to craft legislation. 

There’s no evidence to suggest that he has taken such measures.

Mizrachi’s post follows the recent enactments of two Bitcoin reserve bills in the US states of Arizona and New Hampshire. 

Ukraine is also reportedly inching closer toward adopting Bitcoin as a national reserve asset, local media reported earlier in the month.

Bitcoins Mizrachi, Keiser and Herbert discussed Bitcoin mining, education

A post from Keiser suggests the trio spoke about how Panama and El Salvador can leverage renewable energy to bolster their Bitcoin mining operations.

“Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”

Herbert also noted that Panama City will integrate El Salvador’s “What is Money?” financial literacy textbook into its online library system.

Related: Basel Medical shares down 15% on $1B Bitcoin buying plans

Keiser and Herbert have played a crucial role in crafting El Salvador’s Bitcoin policy, which includes a Bitcoin reserve consisting of 6,179 Bitcoin (BTC), worth nearly $640 million.

Keiser serves as President Nayib Bukele’s Bitcoin advisor, while Herbert runs the country’s Bitcoin Office.

Magazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

bitcoins

Cointelegraph by Brayden Lindrea Read More

Latest

Cignetti

Indiana’s Curt Cignetti Leads The Field As Indy 500 Honorary Pace Car Driver

0
Indiana head coach Curt Cignetti has collected nearly every award and accolade imaginable over the last year as he led the Hoosiers to an undefeated national championship season in 2025. But Cignetti was able to somehow add another prestigious honor to his name on Sunday.  Cignetti was the honorary pace car driver ahead of the
College

College football’s second-year stars: Sophomore standouts that will define the 2026 playoff race

0
Every college football season produces a handful of second-year players who stop looking like promising recruits and start resembling future first-round draft picks. The jump from freshman flashes to sophomore superstardom is often where national contenders are made, Heisman campaigns are born and coordinators suddenly realize they've created a weekly matchup problem for the rest
blood

Blood Markers to Direct Lung Cancer Screening; Name Change for PCOS

0
You don't have permission to access "http://www.medpagetoday.com/podcasts/healthwatch/121411" on this server. Reference #18.9751c317.1779700335.633420e8 https://errors.edgesuite.net/18.9751c317.1779700335.633420e8
Editing

Gene Editing: A ‘One-Time’ Treatment for CVD?

0
Cardiovascular diseases could be among the world’s first medical conditions to be treated by changing a patient’s genes. If ongoing phase 3 trials succeed, gene editing will offer a novel therapy for transthyretin amyloidosis, and treatments for hyperlipidemia may not be far behind.  Precise gene editing using clustered regularly interspaced short palindromic repeats (CRISPR)-associated protein

Newsletter

Don't miss

Cignetti

Indiana’s Curt Cignetti Leads The Field As Indy 500 Honorary Pace Car Driver

0
Indiana head coach Curt Cignetti has collected nearly every award and accolade imaginable over the last year as he led the Hoosiers to an undefeated national championship season in 2025. But Cignetti was able to somehow add another prestigious honor to his name on Sunday.  Cignetti was the honorary pace car driver ahead of the
College

College football’s second-year stars: Sophomore standouts that will define the 2026 playoff race

0
Every college football season produces a handful of second-year players who stop looking like promising recruits and start resembling future first-round draft picks. The jump from freshman flashes to sophomore superstardom is often where national contenders are made, Heisman campaigns are born and coordinators suddenly realize they've created a weekly matchup problem for the rest
blood

Blood Markers to Direct Lung Cancer Screening; Name Change for PCOS

0
You don't have permission to access "http://www.medpagetoday.com/podcasts/healthwatch/121411" on this server. Reference #18.9751c317.1779700335.633420e8 https://errors.edgesuite.net/18.9751c317.1779700335.633420e8
Editing

Gene Editing: A ‘One-Time’ Treatment for CVD?

0
Cardiovascular diseases could be among the world’s first medical conditions to be treated by changing a patient’s genes. If ongoing phase 3 trials succeed, gene editing will offer a novel therapy for transthyretin amyloidosis, and treatments for hyperlipidemia may not be far behind.  Precise gene editing using clustered regularly interspaced short palindromic repeats (CRISPR)-associated protein
Legendary

The man behind the legendary MPC, Roger Linn, stays focused with a single browser tab

0
Roger Linn is a legend in the world of musical instruments. He’s been at the cutting edge of music technology for decades. He created the LM-1, the first drum machine to use samples, and its successor, the LinnDrum, is one of the most iconic drum machines of all time. They were used on countless records
newsycanusehttps://newsycanuse.com

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they
Read more

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western
Read more

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand
Read more