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El Salvador’s President keen on ‘Bitcoin City’, but residents say plan is not working

Crypto winter has hit El Salvador—a country that is betting its economy on Bitcoin, the world’s largest cryptocurrency—but residents from the country believe that the ‘Bitcoin City’ plan is “not working anymore”. El Salvador is the first country to recognise Bitcoin as a legal tender and planning to build an entire city based on the …

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South Korean President Yoon pardons Samsung leader Jay Y. Lee

South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with South Korea’s Justice Ministry saying the business leader was needed to help overcome a “national economic crisis”. The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating to his …

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