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Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution. El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February. Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re -election . “Five more [years], five more and not one step back,” Bukele said in a speech in front of thousands of El Salvadorans. “We need five years to continue improving our country,” he added. | ÚLTIMA HORA: Al grito de “cinco más, cinco más y ni un paso atrás” Nayib Bukele da su discurso delante de miles de Salvadoreños luego de inscribir su candidatura presidencial para la reelección. “Necesitamos 5 años para seguir mejorando nuestro país.” pic.twitter.com/ApaP8yyQBm — Eduardo Menoni (@eduardomenoni) October 27, 2023 Bukele rose to power in 2019 when his political party, Neuva (New) Ideas,...

Musk's statement, "He is a very promising candidate," piqued curiosity about Ramaswamy's candidacy and his stance on cryptocurrencies. Entrepreneur and Tesla CEO Elon Musk has thrown his support behind Vivek Ramaswamy, a young and emerging United States Republican presidential candidate . Musk responded to a post of the presidential candidate ’s interview on Tucker Carlson's digital program, a video snippet of Ramaswamy circulating on social platforms with the text, "Vivek Ramaswamy is the youngest-ever Republican presidential candidate ." Musk's statement, "He is a very promising candidate ," piqued curiosity about Ramaswamy's candid acy and his stance on crypto currencies. Renowned for his candid opinions on digital finance and cryptocurrencies, Ramaswamy has pushed for a stronger crypto environment within the United States. At the Bitcoin 2023 conference in Miami, he revealed his campaign's willingness to receive Bitcoin cont...

Reporting cryptocurrency when filing taxes can help investors offset their losses. 2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.  Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver lining behind decreasing assets for investors reporting crypto on their taxes. Lisa Greene-Lewis, a certified public accountant at TurboTax, told Cointelegraph that while crypto investors made huge gains in 2021, this changed drastically in 2022. “We have seen a crypto winter occur, and TurboTax wants to help investors cope with their losses,” she said. According to Greene-Lewis, tax-loss harvesting is the most important notion to keep in mind when it comes to saving money when filing taxes. She said: “With crypto, you can offset gains with losses. Any leftover losses can be offset up to $3,000 against ordinary income like wages. Los...