Fitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report, Fitch pinned the nation’s debt repayment capacity …
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Billionaire investor pitches for a friendly environment to prevent crypto entrepreneurs from leaving New York
New York City elected bitcoin enthusiast Eric Adam as its Mayor in November last year. And, he famously received his first paycheck in BTC. But that doesn’t settle the debate …
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Bitcoin (BTC) makes over 1,300 new millionaires in the last 30 days
Bitcoin’s recent ascent in the cryptocurrency market has resulted in making a number of new millionaires. Data acquired by Finbold indicates that as of February 10, 2022, the number of addresses with a …
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Bitcoin (BTC) rejects sell-off as 7.5% US inflation fails to keep BTC down for long
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dropped $1,800 after January’s CPI print came in at 7.5%. Despite being 0.2% higher than expected, surging inflation failed to have the positive impact …
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Second-richest man in Russia chooses to back the digital ruble over Bitcoin (BTC)
Vladimir Potanin has expressed his preference for CBDCs, and tokens backed by real-world assets over private crypto. The country’s second-richest man said this in a recent interview with Bloomberg. Potanin …
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Shiba Inu fans will soon be able to buy land within the Shiba (SHIB) Metaverse
It looks like “really soon” it will be possible for fans of the hugely popular crypto project Shiba Inu to buy and sell virtual land in the upcoming Shiba metaverse (codenamed …
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Russia is set to recognize cryptocurrency as a form of currency
Authorities in Russia are set to recognize digital assets as a form of currency, according to local news reports. Russian newspaper Kommersant reported this morning, and later tweeted, that the government and …
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Ukraine is using Bitcoin (BTC) to ‘crowdfund war’ with Russia
As tensions on Ukraine’s border continue to mount, Ukrainian non-governmental organizations (NGOs) are seeing a sharp rise in Bitcoin donations, according to a new report by blockchain analytics company Elliptic. These aren’t …
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Bitfinex hackers arrested; 94,000 Bitcoin (BTC) seized
The US Justice Department has announced the arrest of two individuals for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, one of the …
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Japan’s largest bank has announced plans to launch a yen-pegged stablecoin in 2023
Mitsubishi UFJ Trust and Banking, the trust banking arm of Japan’s largest financial institution, has announced plans to launch a yen-pegged stablecoin next year. According to a report by Nikkei on Monday, …
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