After 1.6 Billion dollars spent on the Bitcoin Law, El Salvador's congress passed a new law to remove Bitcoin as legal tender, shattering Bukele's crypto dreams. Bitcoin is no longer accepted to pay taxes, and business are no longer obligated to offer/accept Bitcoin payment. This was part of the IMF deal that Bukele had to d…

Tl;dr: El presidente Nayib Bukele gastó más de MIL MILLONES de dólares en el transcurso de dos años para utilizar Bitcoin como moneda de curso legal, pero nadie lo usa a diario. Hace dos años, Bitcoin se convirtió oficialmente en moneda de curso legal en El Salvador gracias a la Ley Bitcoin, que fue aprobada por el Congreso salvado…

Eleven months after the Bitcoin Law went into effect, El Salvador has received only 118.6 million dollars through cryptocurrency wallets. Traditional methods to send remittances accumulated over $7.031 billion dollars. It is a huge blow to the Nayib Bukele Administration, since crypto remittances only represent 1.6% of the total r…

Ben McKenzie, an American actor best known for his television roles as Ryan Atwood on the teen drama The O.C. (2003–2007), and James Gordon on the crime drama Gotham (2014–2019) and Jacob Silverman, a staff writer at the New Republic and author of Terms of Service: Social Media and the Price of Constant Connection are currently visi…

Six months ago Bitcoin became a legal tender in El Salvador, thanks to the Bitcoin Law that was passed by the Salvadoran Congress. The law allowed Nayib Bukele to purchase Bitcoins at will, and people in El Salvador are worried about how much money is being used in buying crypto assets, to the point that even the IMF urged El Sa…

Update : As I said before the Bitcoin Law was approved, salvadorans lost money to scammers, and the government issued Bitcoin wallet is plagued with issues. Over USD $90,000 has been stolen from Chivo Wallet users, and the Bukele Administration neither denies nor confirm the issues.  I posted this on Reddit seven months ago, and boy…