World Bank Refuses to Help El Salvador Make Bitcoin Legal Tender Citing Environmental and Transparency Issues

The World Bank has refused to provide technical assistance to El Salvador in implementing bitcoin as legal tender. The bank cited bitcoin’s “environmental and transparency shortcomings” as the reason. World Bank Won’t Help El Salvador With Bitcoin Law The World Bank said on Wednesday it cannot help El Salvador implement the law making bitcoin legal […]

You can soon bet on Bitcoin’s dominance against other cryptos

A new product by crypto exchange Binance will soon allow traders to bet on Bitcoin’s increasing or decreasing share of the crypto market, it said in a release today. #Binance Futures Will Launch USDⓈ-M BTCDOM Perpetual Contracts with Up to 25X Leverage https://t.co/RXkPj89lO0 pic.twitter.com/pmsDTo6v31 — Binance (@binance) June 17, 2021 Offered under the ‘BTCDOM’ ticker, […]

Bitcoin slips below $39K as Fed sends gold to 6-week lows

It’s been a bad 24 hours for the precious metal, which shed $100 per ounce thanks to the Fed’s outlook. Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate […]

Republican Campaign Arm Accepts Crypto Assets – Attempts to Pursue ‘Every Avenue to Stop Pelosi’s Socialist Agenda’

The House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct financial contributions to candidates and the Republican Party. NRCC to Accept Crypto Donations but Funds […]

Kraken Daily Market Report for June 16 2021

Overview Total spot trading volume at $1.12 billion, the 30-day average is $2.21 billion. Total futures notional at $332.4 million. The top five traded coins were, respectively, Bitcoin (-4.6%), Tether (0%), Ethereum (-6.9%), Polkadot (-3.9%), and USDC (0%). Strong returns from Kyber Network (+12%). June 16, 2021  $1.12B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $38337. ↓4.6% $448.3M USDT $0.9998 ↓0.03% $264.4M ETH $2367.4 ↓6.9% $214.4M DOT $23.026 ↓3.9% $35.5M USDC $0.9999 ↑0.0% $35.1M ADA $1.4834 ↓4.7% $35.0M LINK $23.021 ↓5.8% $19.2M KSM $366.05 ↓3.7% $14.8M […]

World Bank Refuses To Help El Salvador Implement Bitcoin, Citing “Transparency Shortcomings”

Revealing misunderstandings, the World Bank has rejected El Salvador’s request for assistance in implementing a bitcoin standard. As reported by Reuters, the World Bank has responded negatively to El Salvador’s request for help in fully implementing bitcoin as legal tender in the country, citing concerns about Bitcoin’s transparency and environmental impact. “We are committed to […]