The American credit rating agency Fitch downgrades El Salvador’s rating because of its BTC Adoption risks and it got its long-term foreign-currency issuer Default Rating to CCC from B- as we can see further in our today’s latest bitcoin news. Fitch cited policy unpredictability stemming out of the increased concentration of power in teh presidency […]

American credit rating agency Fitch Ratings lowered El Salvador’s long-term Issuer Default Rating (IDR) from B- to CCC, citing “policy unpredictability” and the “adoption of Bitcoin as a legal tender” as some of the factors that led to the downgrade. Apart from these, the statistical rating organization explained that reliance on short-term debt, an $800 million Eurobond […]

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Fitch Downgrades El Salvador to ‘CCC’ Ahead of Bitcoin Bond Issuance | BlackRock Plans Crypto Trading Service | Bitcoin’s Correlation With Gold Is Near Zero: Bank of America

El Salvador is planning to issues its first bitcoin bond next month, the Central American country's Finance Minister Alejandro Zelaya announced. (Read More)

How aggressively will central banks raise rates? It’s been an incredible couple of weeks in the markets, one in which we’ve seen another hawkish move from multiple central banks, big swings in stocks on the back of earnings, and tensions around Ukraine intensify. The result has been very volatile markets and while the coming week […]

The proposed attempt by the Central Bank of Russia (CBR) to ban digital currencies and related operations in the country has been identified by Fitch Ratings as a double-edged move that has its ups and downs. (Read More)

Russia's retail cryptocurrency operations currently stand at about $5 billion per year.

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week […]

On this episode of The Scoop, Head of Growth at Parallel NFT Franklin Fitch and artist Dave Krugman joined host Frank Chaparro to discuss how NFTs are radically transforming the relationship between creators and the art market, as well as the gaming industry.

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