Marshall Islands officially recognizes DAOs as legal entities
The Pacific Island state, long keen to adopt blockchain technology, recognizes decentralized autonomous organizations, or DAOs.
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IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are…
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender…
Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part…
Does the IMF have a hidden script for El Salvador’s Bitcoin play?
What if El Salvador's Bitcoin experiment succeeds? Is that what the IMF really fears?
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going…
Salvadoran President Nayib Bukele Expects Bitcoin to Experience a ‘Gigantic Price Increase’
El Salvador’s president, Nayib Bukele, believes that it’s just a matter of time before bitcoin sees a “gigantic price increase.” Bukele stressed on Twitter that bitcoin is extremely scarce and…
El Salvador president predicts ‘gigantic price increase’ for Bitcoin
There is not enough Bitcoin for global millionaires if each of them wants to own one, Bukele said.