[ad_1] Image from Bitfarms Website Bitcoin has fallen almost US$10,000 since June 15. Broader crypto markets are taking a horrific beating at the moment. The sides have been taken and battle lines have been drawn: It's developing countries like El Salvador and Tanzania vs the World Bank. As these nations try to empower and free their people through blockchain, the regulators are trying to slow the process down.
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[ad_1] El Salvador flag over bitcoin. El Salvador as first country adopting bitcoin as legal tender concept. Bitcoin dropped another 2.73 percent in conjunction with the Dow dropping 210 points by 0.6%. While the latter was due to the US Federal Reserve's latest monetary policy decision and projections. (I'll give you a hint: Higher interest rates), the former was due to a big development in the world's move to decentralized
[ad_1] Software firm MicroStrategy saw $1.6 billion worth of orders in a recent junk bond offering — four times the initially sought amount.Earlier this week, the company announced it would issue $400 million worth of junk bonds in a private offering, with a view to using the proceeds to purchase Bitcoin (BTC). Junk bonds are debt offerings by companies without investment-grade credit ratings and typically offer investors higher returns while carrying higher risk.
