It’s Crypto-Tuesday and there a number of big stories in Cryptocurrency News. First, El Salvador is continuing their push to move to the front of Bitcoin economy. You may remember that in September 2021 El Salvador became the first country to declare Bitcoin as it’s national currency. Since then they have taken measures to lead the world in assisting Crypto investors.
The latest move is an announcement that El Salvador is building a Bitcoin City. The City will be built at the foot of Conchagua Volcano. The volcano will help El Salvador Mine Bitcoin with green geothermal energy. Overcoming a common complaint that Bitcoin mining uses too much carbon based energy.
The IRS Criminal Investigations unit has seized $3.5 Billion in Cryptocurrency this year and expects to seize a similar sum next year. What is driving those seizures?
Finally, Hillary Clinton fears Cryptocurrency will destabilize country’s and the American Dollar as the reserve currency. Everyone is interested in Hillary’s Crypto Opinion!
Attorney Steven A. Leahy discussed these important stories on this week’s Crypto-Tuesday episode.