Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

El Salvador’s forgotten crypto city

Published

on

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.

Continue Reading

News

China conducts ‘punishment’ war games near Taiwan

Published

on

China initiated military ‘punishment’ exercises in the waters surrounding Taiwan in response to the newly inaugurated President Lai Ching-te.

These drills come amid escalating tensions in the region, with Beijing asserting its sovereignty over Taiwan, denouncing the inauguration of President Lai Ching-te and labelling this one of several “separatist acts”, as reported by Reuters.

These military manoeuvres are seen as a show of force and a warning to Taiwan and its supporters against any moves perceived as challenging China’s territorial claims.

President Lai has repeatedly offered talks with China but has been rebuffed.

He says only Taiwan’s people can decide their future, and rejects Beijing’s sovereignty claims.

Continue Reading

Money

Apple Music’s controversial top 10 albums of all time

Published

on

Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

Continue Reading

Leaders

Essential daily protein needs for better health

Published

on

Protein is a fundamental macronutrient essential for various bodily functions, including muscle repair, enzyme production, and immune system support.

Daily protein requirements can vary significantly based on factors such as activity levels, age, and gender.

To help unpack this topic, Kate Save from BeFitFood joins to share her key insights. #featured

Continue Reading

Trending Now