Day: July 21, 2023

El Salvador’s international bonds offer 60% return in H1 2023

Despite last year’s economic challenges and policy turbulence, El Salvador’s international bonds have rebounded, offering a 60% return in 2023. El Salvador’s international bonds posted a 60% return in H1 2023 alone.  In July 2022, El Salvador had to handle tensions with Washington and the decreasing possibility of getting financing from the International Monetary Fund (IMF). In addition, there was uncertainty surrounding the decision to accept Bitcoin as legal tender. As a result, the value of El Salvador’s bonds declined significantly, dropping to just 25% of their original worth. However,…

Bitcoin BTC Price Fear and Greed Index Sinks Into Neutral Territory, a Reflection of Investor Uncertainty

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Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long. Original

US House Republican committees introduce joint digital assets bill

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A bill to create a regulatory framework for digital assets has been introduced by Republican members of the Agriculture and Financial Services Committees of the United States House, the result of several months of joint effort by the two committees. The 212-page bill — called the Financial Innovation and Technology for the 21st Century Act — was introduced on July 20. According to an accompanying explainer, it’s intended to address regulatory gaps by creating a framework for the “specific risks of different digital asset-related activities.” The bill gives the Commodity…