05:00 Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’
04:00 World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’
22:00 Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns
Global Economy Outlook Cut Again, Another Crypto Exchange Leaves Russia & Belarus + More News Source: iStock/courtneyk Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Economics news The World Bank lowered its estimate for global growth in 2022 to 3.2% from a January prediction of 4.1%, Bloomberg reported, citing President David Malpass. The decline was […]
Bank of America: There Are Benefits to El Salvador Accepting BTC As previously reported, El Salvador has become the first country in history to declare bitcoin legal tender. Several financial institutions – such as the World Bank – are not too happy about the situation, but while others like Bank of America admit that there is quite a bit of risk in making bitcoin legitimate money, […]
US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’ The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele […]
The World Bank Will Not Help El Salvador with Its BTC Plans Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The […]
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 […]
World Bank Says ‘No’ to El Salvador’s Request on Bitcoin Implementation The bank’s refusal to offer technical assistance has been pegged down on issues of environment and transparency. The World Bank has rejected a request from the El Salvadoran government for help on its Bitcoin programme. The Bretton Woods institution revealed this on Wednesday, suggesting that its refusal to assist the Central American nation’s Bitcoin implementation […]
World Bank refuses El Salvador's request for help on BTC transition The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender. It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador move to adopt Bitcoin as an officially accepted currency . "While the government did approach us for […]
