Crypto market is in the green

The global cryptocurrency market is in the green on June 28 (today). Total market cap is $1.37 trillion, a 3.46 percent increase over the last day. The total crypto market volume over the last 24 hours is $74.43 billion, which makes a 13.33 percent decrease.

Financial watchdog orders crypto exchange Binance to stop regulated activities in UK

Athena says will install 1,500 cryptocurrency ATMs in El Salvador

Athena Bitcoin plans to invest over $1 million to install cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.

According to Athena Bitcoin's website you can use their ATMs to buy bitcoins or sell them for cash. The firm expects to gradually install some 1,500 ATMs, hire staff and open an office to carry out operations in El Salvador, which in June became the first country to adopt bitcoin as legal tender.

The move takes effect in September. El Salvador's President Nayib Bukele "presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases. We are a private company and we want to ensure that our development in the country is sustainable," said the firm's director for Latin America Matias Goldenhorn. (Reuters)

El Salvador’s Bitcoin experiment is not as disruptive as it may seem at first sight

The crucial question is the implication of the simultaneous circulation of two ‘assets’ – the dollar and Bitcoin – as a medium of exchange and as legal tender. Monetary history is actually replete with such situations. Read more here