El Salvador approves new bill to comply with IMF deal

  • The reform passed with 55 votes, with only two against
  • El Salvador became the first country to accept Bitcoin as legal tender in 2021
  • In December, El Salvador announced it was changing its Bitcoin law to secure a $1.3bn loan from the IMF

El Salvador’s Congress has approved a bill to change its Bitcoin law to comply with a deal it struck with the International Monetary Fund (IMF).

On January 29, Reuters reported that the bill was approved minutes after President Nayib Bukele sent it.

The reform passed with 55 votes, with only two against. Under El Salvador’s Bitcoin law, it required businesses to accept Bitcoin if they were able to do so. Ruling party lawmaker Elisa Rosales said it was required to ensure Bitcoin’s “permanence as legal tender” while facilitating its “practical implementation.”

Legal tender

El Salvador became the first country to accept Bitcoin as legal tender in 2021. At the time, it was reported that all businesses must accept Bitcoin. The move soon attracted the attention of the IMF.

Following El Salvador’s adoption of Bitcoin in 2021, the IMF sent a statement in November 2021 “recommend[ing] narrowing the scope of the Bitcoin law” while “strengthening the regulation and supervision of the new payment system.”

This was again called for in January 2022, when the IMF advised El Salvador to reconsider its decision to make Bitcoin the country’s legal tender. More recently, the IMF recommended that El Salvador limit the public’s exposure to Bitcoin.

New deal

In December, El Salvador changed its Bitcoin plans to secure a $1.3 billion loan from the IMF.

Under the plans, El Salvador would change a legal requirement making businesses accept Bitcoin as payment, making it optional instead. The government would also reduce the budget deficit by 3.5% of GDP over three years through spending cuts and tax rises while boosting reserves from $11 billion to $15 billion.

The deal is also expected to unlock a further $1 billion in lending from the World Bank and $1 billion from the Inter-American Development Bank over the next few years.

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Ripple analyst tips this sub-$1 altcoin over XRP for its huge rally potential

The crypto market is abuzz with speculation as Ripple analysts shift their focus from mainstream tokens like XRP to an emerging altcoin with huge growth potential. This AI-powered crypto asset, RCO Finance (RCOF), trades below $1 at $0.1.

This bold forecast fuels excitement among investors seeking to capitalize on the next big breakout in the crypto space. As XRP grapples with market volatility and regulatory challenges, this Ripple expert strongly believes this AI altcoin will soar in early 2025.

While XRP has long been a staple of the Ripple ecosystem and a favorite among crypto enthusiasts, this new altcoin offers a fresh opportunity for exponential growth. Analysts cite its innovative use case, growing adoption, and robust technology as key factors behind their optimistic outlook for RCO Finance (RCOF) in 2025.

The Ripple Analysts Highlight the Appeal of Sub $1 Altcoins

According to this leading Ripple analyst, sub-$1 crypto assets captivate investors with their low entry price and high upside potential. These tokens allow investors to accumulate significant holdings with minimal capital, making them attractive options for speculative traders and long-term believers in blockchain innovation.

The Ripple analyst’s endorsement of this particular altcoin, RCO Finance (RCOF), over established assets like XRP highlights the growing appetite for undervalued digital assets that could disrupt existing markets. While Ripple’s XRP remains a cornerstone of the crypto ecosystem, this new asset offers unique value propositions that set it apart.

What Sets This Altcoin Apart and Positions It for a Major Rally?

This altcoin, RCO Finance (RCOF), is a revolutionary crypto asset that allows investors and traders access to cutting-edge, sophisticated, and proficient AI-powered DeFi trading tools. The token empowers DeFi traders to maximize returns in the complex DeFi landscape.

The Ripple analyst believes this altcoin, RCO Finance (RCOF), is positioned to outperform XRP and surge by a massive amount by the end of Q2 2025. He highlighted some key factors favoring RCOF, setting it apart for a huge rally in the coming months. 

The altcoin uses cutting-edge AI-powered solutions to revolutionize DeFi trading, giving traders an edge in the $450 billion market. For the Ripple analyst, this could drive up the demand for the token and set the stage for mass adoption.

Growing community support is also integral to positioning RCOF for success. An active user base already contributes to the overall ecosystem growth. With its smaller market cap and low price, the altcoin offers significantly higher upside potential for early adopters, unlike the Ripple token.

The RCO Finance Beta Platform

RCO Finance is one of the first and few platforms to provide users with a beta platform during its token presale. Over 10,000 users already have access to test RCOF’s AI-powered DeFi trading solutions. Meanwhile, the platform will continue to undergo enhancements to ensure optimal functionality.

The RCO Finance Ecosystem: Revolutionizing DeFi Trading With AI Solutions

RCO Finance (RCOF) is revolutionizing the decentralized finance (DeFi) sector with its ground-breaking approach and sophisticated trading methodologies. This innovative platform’s core is the AI-driven Robo Advisor, a state-of-the-art tool that sets RCOF apart from competitors.

This advanced technology tracks real-time market trends, offering users customized investment strategies aligned with their financial objectives. Imaging the capacity to receive instant alerts about tokens with high growth potential in the market is what the Robo Advisor does for users.

For example, Solana (SOL) hit a new all-time high in early January 2025, and few investors were in a position to capitalize on such a big move. With the Robo Advisor, users gain timely insights into such potential price movements, empowering them to capitalize on lucrative opportunities.

The Robo Advisor doesn’t just identify opportunities; it also helps protect users against losses in the DeFi market. Take Bitcoin (BTC), for instance, which has dropped 5.3% in the past 24 hours and over 8% in the last week, resulting in significant losses for traders and seasoned investors.

With the Robo Advisor’s timely alerts, users can strategically exit positions ahead of significant downturns, safeguarding their portfolios from sudden market volatility. RCOF is continuously enhancing the Robo Advisor’s capabilities through advanced monitoring tools.

These tools are currently in their alpha phase and undergoing rigorous testing to fine-tune them to boost accuracy and performance. These ongoing enhancements ensure that RCOF consistently delivers exceptional value to its community of users.

Using cutting-edge AI algorithms, RCOF tailors investment strategies to align with each user’s unique preferences, risk appetite, and prevailing market conditions. Another standout feature of the platform is its ability to tokenize tangible assets.

By transforming physical assets like real estate and commodities into blockchain-based tokens, RCOF democratizes access to markets traditionally dominated by institutional investors. Unlike conventional platforms that enforce extensive identity verification processes, RCOF prioritizes user privacy by operating in a KYC-free environment.

The emphasis on anonymity offers a seamless and secure entry point for individuals who prioritize financial independence and value discretion. Additionally, RCOF provides access to an extensive range of investment opportunities, encompassing over 120,000 assets across 12,500 categories, including equities, bonds, tokenized commodities, etc.

The diverse asset categories enable users to construct well-balanced portfolios that mitigate risks while optimizing returns across multiple financial sectors. With its innovative Robo Advisor, tokenization capabilities, and privacy-focused approach, RCO Finance sets new standards in the DeFi space.

As the platform continues to refine its offerings, it’s paving the way for a future where decentralized finance is more accessible, efficient, secure, and profitable for all.

55,000% ROI? A Life-Changing Presale Opportunity

The Ripple analyst strongly believes that RCO Finance (RCOF) will outperform the XRP price by a significant margin, and has even hinted at the possibility of a whopping 55,000% return on investment for the earliest adopters. 

After the current presale stage, the token price will jump from $0.1 to $0.13. Additionally, there are indications that RCOF will unlock a $100,000 giveaway once the platform achieves its $250,000 milestone, offering early investors an exciting opportunity to claim this substantial reward.

SolidProof, one of the leading blockchain security companies in the world, has thoroughly audited the project’s smart contract and found zero vulnerabilities. This result only reinforces RCOF’s reputation as one of the most secure ecosystems within the DeFi sector.

The platform also provides traders with leverage capabilities of up to 1000x, enabling them to grow their portfolios significantly. Whether you aim to amplify your holdings by 10x, 50x, or even 100x, RCO Finance (RCOF) equips you with the tools needed to achieve these targets.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

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Dogizen, the first Telegram ICO, approaches $4m in presale

Key takeaway

  • Dogizen is the first Telegram ICO, raising nearly $4m in its presale so far.
  • The project is a direct competition to Catizen, the popular cat-themed game on Telegram.

What is Dogizen?

Dogizen is an exciting project that prides itself as the first Telegram ICO. Telegram has become a widely used app for several crypto developers in recent years, thanks to the billions of users on the platform. 

It is a tap-to-earn project that is a direct competition to Catizen, the popular cat-themed game on the Telegram app. According to the team, Dogizen is designed to keep friends connected and together through Telegram.

Players can collect Treatz (Dogizen coins), connect with friends through refurrals, fetch flights, and retrieve passport stamps as they explore new destinations. The Dogizen team is also working on map expansions and new mini-games.

While Telegram projects have become popular, Dogizen is taking it further by enabling users to purchase their ICO within Telegram. 

What does Dogizen plan to do after launching its ICO?

According to the Dogizen website, the ICO ends in eight days, after which the token will list on centralised and decentralised exchanges. As the first Telegram ICO, the platform intends to provide exclusive perks for players and seamless deployment for developers.

With Treatz being usable across the entire Dogizen Universe, users can spend their coins in multiple game worlds. Furthermore, with a large audience on an active game (over 1 million active players), Dogizen has already started delivering on its roadmap and is taking things to the next level. 

With their viral growth, the Dogizen team expects to leverage their community to make the presale and further roadmap progression successful. In the second phase, Dogizen will unveil its launchpad, expand the Dogizen gaming arcade, and introduce the developer SDK. 

Dogizen presale approaches $4m

The Dogizen presale is moving excellently and is set to end in eight days. The ICO is in its fifth out of ten stages, with the team raising over $3.7 million so far. Investors can purchase the Treatz token using various cryptocurrencies, including Ether, USDC, USDT, BNB, and SOL. Dogizen also has a card option for those who wish to pay using fiat currencies. 

In this current stage, Treatz is going for $0.000085 and is set to increase to $0.000089 in the next stage. 

In addition to buying the tokens via the official Dogizen website, investors can also do so using the Dogizen Telegram mini-app. Simply access the Dogizen mini-app on Telegram, navigate to the buy menu, enter the amount, confirm the purchase, and complete the transaction. 

Should you buy the Dogizen tokens now?

Dogizen is the first Telegram ICO project that is planning to expand beyond its current tap-to-earn feature. The Dogizen team intends to unveil a launchpad, expand the Dogizen gaming arcade, and introduce the developer SDK. Hence, it is a dog-themed project with exciting utility for the community.

The Treatz token currently goes for $0.000085 and could surge higher once the ICO ends in a week. The ICO could be an excellent opportunity for investors to purchase the tokens at a discount.

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