El Salvador Ditches Bitcoin as Legal Tender: A Failed Economic Gamble

2025-02-04
El Salvador Ditches Bitcoin as Legal Tender: A Failed Economic Gamble

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, has reversed course. President Nayib Bukele's economic gamble has failed, with Bitcoin never gaining widespread adoption among Salvadorans and the planned Bitcoin City remaining unbuilt. A revised Bitcoin Law removes the definition of Bitcoin as 'currency,' though it remains 'legal tender,' effectively allowing refusal of Bitcoin payments. This reform was a key condition for El Salvador to receive a $1.4 billion loan from the International Monetary Fund (IMF). While the government claims it will continue holding Bitcoin reserves, the move is criticized for its lack of transparency and highlights flawed economic decision-making by the Bukele administration.

Read more

David vs. Goliath: Small Costa Rican Supermarket Wins Trademark Battle Against Nintendo

2025-02-02
David vs. Goliath: Small Costa Rican Supermarket Wins Trademark Battle Against Nintendo

A small Costa Rican supermarket, "Super Mario," successfully defended its trademark against Nintendo. Nintendo, citing its 'Super Mario' trademark, initially challenged the supermarket's registration. However, the supermarket's legal team successfully argued that its registration for supplying basic food products didn't conflict with Nintendo's existing trademark classes. This underdog victory highlights the power of persistence and strategic legal action, even against a global corporate giant.

Read more