The internet is laughing at El Salvador’s ‘quantum-safe’ bitcoin
El Salvador’s Bitcoin Office earned skepticism and laughter with bitcoin (BTC) wallet movements to protect against quantum computing.
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IMF claims El Salvador isn’t buying bitcoin despite Bukele’s boasts
The IMF gave El Salvador another $118 million as part of its deal to wind down the state-issued Chivo bitcoin wallet by July 31.
Bitcoin dev Jon Atack got arrested in El Salvador this weekend
Bitcoin social media sprung into alarm after senior Bitcoin developer Jon Atack tweeted his arrest by El Salvadoran law enforcement.
El Salvador gets its bitcoin from Bitfinex, raising control concerns
According to articles by Altamirano Publishing in El Salvador, researchers suspect Bitfinex has incredible control over the state’s bitcoin.
IMF wants to doxx Chivo wallets, BTC balances of El Salvador state users
Before El Salvador shuts down Chivo, the IMF wants the names, wallet addresses, and BTC holdings of all legal persons controlled by the state.
IMF approves El Salvador’s $1.4B loan but imposes bitcoin restrictions
The International Monetary Fund approved the loan on the condition that El Salvador scale down its Bitcoin project.
Bitcoin is no longer legal currency in El Salvador
As El Salvador submits to requests by the IMF, it has modified its laws to diminish bitcoin’s role in the economy.
El Salvador bitcoin remittances hit all-time low
Crypto remittances to El Salvador as a proportion of total remittances have fallen to new lows, despite the country embracing digital assets.
Tether execs are spending big on El Salvador real estate, report
Tether CEO Paolo Ardoino has reportedly bought land worth almost $2 million in a luxury El Salvadorian golf resort.
Nayib Bukele kills Salvadoran bitcoin initiatives to appease IMF
Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.