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El Salvador’s forgotten crypto city

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A year on, El Salvador’s Bitcoin experiment is yet to kick off

It’s been a year since El Salvador made Bitcoin a legal tender, but there still isn’t any progress on their promised crypto city.

The planned spot where the world’s first crypto city was meant to be built, it’s still surrounded by jungle.

The nation’s President, Nayib Bukele, is promising a “Bitcoin City” that will be a tax haven for hungry crypto investors. But some locals say it’s a tough slog as the nation recovers from the height of the pandemic.

In front of hundreds of Bitcoin enthusiast in 2021, the president dressed in all white and a backwards baseball cap said “invest here and make all the money you want.”

The city was promised to have its own airport, a residential area, and a mall that’s meant to look like the Bitcoin symbol from the sky.

Of course, when the country adopted Bitcoin, the price was hovering around #47,000, but it’s now fallen below the $20,000 mark.

The government hasn’t made any comments on the developments, but one expert says it was always going to be a risky move.

Director of the Institute of Science, Technology, and Innovation at Francisco Gavidia University, Oscar Picardo, says “this experiment has been very risky, too risky, for a poor country.”

“It has been seen that (bitcoin) is a very speculative, highly variable financial asset,” he continued.

It comes as President Bukele has heavily promoted the adoption of crypto, recently using he address at the key Alliance for Financial Inclusion meeting to speak on the matter.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

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Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.


The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia


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Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.
U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

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Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.


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Trump shocks Hollywood with 100% film tariff

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood

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Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood


Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.

The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions

#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews


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