1/ Reactions towards El Salvador making #bitcoin legal tender: The head of the Central American Bank for Economic Integration (CABEI) said on Monday the bank will give El Salvador technical assistance to implement bitcoin as legal tender, reuters.com/business/cenam… even though…
2/ …it still issues debt only in dollars. CABEI’s executive president, Dante Mossi, said the move would offer Salvadorans many opportunities, including lowering the cost for relatives abroad to send remittances.
3/ The World Bank was less supportive, citing “environmental and transparency shortcomings” as reasons why they cannot support Bitcoin.
4/ Apart from the fact, that they lack the knowledge to do so anyway - what a hypocrisy given the fact, that the World Bank itself is still investing billions in fossil fuels.
As one follower - citing @NicolasDorier - put it:
5/ And of course it didn’t take long and the first affinity scammers landed in El Salvador trying to sell their snake oil. For all the new readers: Brock Pierce has a history of fraudulently selling ICOs and pumping Altcoins.
6/ He definitely is not representing an official #Bitcoin delegation. Because there is no such thing.
1/ #Bitcoin trading volume development:
I’ve built an animation showing the increase and decrease in trading volume on Bitcoin peer-to-peer platforms @LocalBitcoins and @Paxful within the last year. Data @MattAhlborg.
2/ A lot of trading on other platforms and directly between individuals goes unaccounted for in this illustration, but it shows the overall development in different regions around the world.
3/ Red areas show a gain in trading volume, while blue signals a loss compared to the previous time frame. In the last 30 days we saw blue or white all over the globe, that was the last dip in full effect. This week the trading volume increased again in Africa and Eastern Europe.
1/ Watch Out for Fake Hardware Wallets
A user reported on reddit that they were sent a Ledger hardware wallet although they didn’t order it. Victims of the latest data breach be aware, you might receive this Ledger Nano X too.
2/ It comes with a letter by Ledger’s CEO and in a Ledger branded bag. Enclosed in the package is a shrinkwrapped Ledger Nano X box that contains what appears to be a legitimate device. bleepingcomputer.com/news/cryptocur…
3/ While regular Ledger hardware wallets are safe, Ledger’s address data breaches are very annoying and endanger people. What really upsets me, is Ledger’s negligence and that they never offered any kind of compensation to their affected customers.
1/ I’m not into trading and I’m also not into price predictions. Nevertheless #Bitcoin’s transparency enables data analytics unseen in traditional financial systems.
Hodler net position change is one of those interesting metrics.
2/ It shows the monthly position change of long term investors (HODLers). It indicates when HODLers cash out (negative) and when net new positions are accumulated by HODLers. The metric was coined by Adamant Capital with @TuurDemeester.
3/ You can see that this metric has turned green for the first time since October 2020, a bullish signal.
1/ China does this, #China does that. Whenever China banned #Bitcoin, the price went up. Now as part of the roll-out of their digital surveillance currency, the digital yuan is handed out to citizens of Beijing in form of a lottery. cnbc.com/2021/06/02/chi…
2/ Residents can use two banking apps to apply to win 200 yuan each, in total 40 million renminbi ($6.2 million).
3/ Li Bo, deputy governor of the People’s Bank of China (PBOC), said in April that the central bank would expand the scope of its pilot projects and could even allow foreign visitors at the 2022 Beijing Winter Olympics to use it, he also stated that the digital yuan was for…
1/ A thread to understand taproot and its #Bitcoin improvements
“It doesn’t matter if you have nothing to hide. Because privacy isn’t about something to hide. #Privacy is about something to protect. And the thing to protect is a free and open society.” - Edward @Snowden
2/ Taproot is a very important update to the Bitcoin Core software. It is a backward compatible soft-fork, which might be locked-in in a few weeks. Locked-in means that the changes to the software will be activated automatically in November.
3/ First the miners need to signal their readiness. Those signals are looking very promising at the moment. 1815 blocks within a period of 14 days have to signal for taproot. If they do, taproot will be activated in November. There is no turning back.