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El Salvador adopts bitcoin as its national currency despite hiccups

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El Salvador officially adopted bitcoin as its national currency Tuesday. First the country announced its Bitcoin law back in June.

El Salvador President Nayib Bukele said that the country purchased 400 bitcoins, worth around $20 million. Yet, according to the World Bank, only 30% of Salvadorans even had a bank account in 2017. The country’s internet connection isn’t much better, either. According to a 2020 study, El Salvador had the second lowest internet penetration across Latin America and the Caribbean.

Since the law came into effect, the country bought an additional 150 bitcoin. Bukele lauded the purchase, tweeting “we saved a million in printed paper.” But the app the government approved to help Salvadorians manage their bitcoin hit a snag on its first day. As a result, the president took to Twitter to ask the public to check for errors on the app. Some responded that they did not receive their promised introductory $30 for joining the app for the first time.

“Could you please try to register and post in the comments if there are any errors or if the whole process works fine?” the Salvadorian president tweeted Tuesday.

Meanwhile, the president stands accused of being under the influence of China. On the latest episode of the Sara Carter Show, Central Intelligence liaison officer Jerry Torres said as much. “The El Salvador president, He’s pretty new,” Torres told Carter. “He’s under the thumb of Chinese right now.”

This year over 74,000 from Salvadorians crossed the United States southern border, where bitcoin is nowhere near becoming a national currency. Just a week ago former President Trump appeared on Fox Business to say that he is “not a big fan” of bitcoin because it’s “”potentially a disaster waiting to happen.” However, globally, the digital currency has been performing relatively well for the past two weeks.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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CO leaders stating they won’t use any city money to support migrants or to alleviate the crisis in Denver

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In February 2018, Denver city leaders sent a valentine to foreigners interested in relocating to the progressive mountain city and a message to any elected officials looking to stop them:

Draped on Denver’s City and County building was a large, blue banner: “Denver ❤️ Immigrants.”

Then-mayor Michael Hancock event posted on social media that it was a statement of “love” to let immigrants know that Denver is “an open and welcoming city.” However, six years later, Denver residents are facing an uphill battle of repercussions from the liberal leaders’ actions. Amid a crisis that has seen more than 40,000 migrants arrive in the city since late 2022, Denver leaders have a new message: If you stay in Denver, you will suffer.

“The opportunities are over,” an official with new mayor Mike Johnston’s office told a gathering of migrants in Spanish inside a city shelter in late March, according to a video obtained by a local television station. “New York gives you more. Chicago gives you more.”

On Monday, Douglas County filed a lawsuit against the state of Colorado and its Democratic governor Jared Polis in Denver District Court over the issue.

The lawsuit is challenging the constitutionality of two state laws passed by Democrats in the Colorado legislature: a 2019 law that restricted the ability of local law enforcement to cooperate with federal immigration officials in civil cases, and a 2023 law that prohibits local governments from entering or renewing detention agreements with ICE and that prohibits them from funding immigration detention facilities owned or operated privately.

“The nation is facing an immigration crisis. The nation, the state, and local governments need to cooperate and share resources to address this crisis,” the lawsuit states, adding that the 2019 and 2023 laws in question “prohibit the necessary cooperation and create dangerous conditions for the State and migrants.”

Teal contends that “the state doesn’t have the inherent authority to limit the ability of a local jurisdiction to work with any agency, regardless be it local, state, or federal.” By doing so, he said, “the state is inhibiting the local communities, the local jurisdictions from providing for the safety” of their residents.

“We are seeing what is going on in Denver, and we do not want that coming here to Douglas County. It is not safe,” Douglas County commissioner Lora Thomas, a former state trooper, said during a Monday morning press conference announcing the lawsuit.

Douglas commissioner Abe Laydon said on Monday that the lawsuit “is about putting America first and about putting Coloradans first.” As a Latino, he said, he recognizes “the plight of those seeking refuge and asylum here in the United States,” but he added that “Douglas County is a place where quality of life comes first.”

National Review reports on the mile-high city’s crisis:

In January, the city was housing and feeding almost 5,000 migrants, mostly Venezuelans, in hotel shelters. Other migrants slept in tents on sidewalks and in parking lots, adding a new wrinkle to Denver’s ongoing struggles with panhandling and squalid homeless camps.

At intersections throughout Denver, migrants with water bottles and squeegees head into traffic to try to make a few bucks washing drivers’ windshields.

To address a migrant-driven financial crunch, the city is now cutting hours at local rec centers, slashing park programming, and freezing hiring in some departments. To save a little money, the city has decided against planting flowers in some of its parks and medians this spring.

The migrant crisis has cost the Denver region at least $170 million, according to a conservative estimate by Colorado’s Common Sense Institute, which looked at city spending as well as school and hospital costs, and is almost surely an undercount.

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