A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

Will El Salvador’s Bitcoin Bet Pay Off – Bitcoin Magazine

This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30. The United Fruit Company (AKA El Pulpo which means “the octopus”) was an American company that had an overarching presence in Latin American countries. They … Read more

‘Others Could Fail’—IMF Issues Stark Crypto Warning After Terra Luna-Led Crash Wiped $2 Trillion From Bitcoin, Ethereum And Crypto Market Price

Bitcoin BTC and cryptocurrency prices have clawed back some ground after an almighty crash that’s erased around $2 trillion from the combined crypto market. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market crash The bitcoin price, after dipping under $20,000 per bitcoin last in June, has somewhat … Read more

IMF lacks trust as PTI govt reneged on pact: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said the International Monetary Fund (IMF) lacked trust in Pakistan because the previous PTI government had violated the pact it had made with the global lender. “The IMF was adamant that the government must fulfil all the conditions earlier agreed upon because we don’t trust you [Pakistan],” the … Read more