Thats right! The IMF is once again reminding Nayib Bukele that he has to bow down to get an emergency rescue loan. The government of El Salvador spent over 1.6 Billion dollars trying to implement Bitcoin as legal tender, and so far less than 4% of the population uses Bitcoin for transactions, crypto remittances hit a new all time l…

Well, well, well, looks like the famous Bitcoin City is about as real as a unicorn riding a rainbow. According to an official document, the proposed crypto-funded, volcano-powered, tax haven has been canceled. Or maybe it never even existed in the first place - who knows? You can read the official document right here: Despite Presid…

Tether has announced a new project in El Salvador called "Volcano Energy," which aims to generate a whopping 241 MW of power in Metapán. This ambitious project will cleverly combine solar and wind initiatives in the volcanic region, with the goal of creating one of the largest Bitcoin Mining Farms worldwide. Back in June 2…

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…