El Salvador Bitcoin agency reportedly made $235 this year, $7M off target
El Salvador's government Bitcoin agency has so far only made $235 this year despite planning to bring in almost $7.4 million in income.
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El Salvador's government Bitcoin agency has so far only made $235 this year despite planning to bring in almost $7.4 million in income.
Read more (2 min) →Nayib Bukele used a third-party tool to claim that El Salvador's bitcoin holdings were profitable, but the tool wasn't particularly accurate.
Luis Alexander Rivas Samayoa's arrest for contempt is just the latest indication that El Salvador is creeping toward total authoritarianism.
Investors betting that El Salvador will default over the next five years have more than tripled credit swap prices since it adopted Bitcoin.